Positive start for European stock exchanges
European stock exchanges opened the day with a positive sign, encouraged by President Donald Trump’s recent conciliatory statements regarding trade tariffs. This climate of optimism has led the Ftse Mib in Piazza Affari to gain 0.5%, reaching 36,290 points. Among the outstanding securities, Moncler recorded an increase of 4.6%, thanks to the jump in sales of Burberry, while Mediobanca saw an increase of 2.9% following the announcement of a totalitarian public exchange offer by MPS, which fell by 8.2%
.
Macroeconomic expectations and Bank of Japan decisions
Today’s macroeconomic calendar is full of expectations, with particular attention paid to data on PMI indices and consumer confidence in the United States. Meanwhile, in Japan, the Bank of Japan decided to raise interest rates to 0.5%, while consumer prices accelerated to 3.6% on an annual basis. The Japanese institute has also revised its inflation forecasts upwards, highlighting how the increase in wages will help keep inflation stable at
around 2%.
Trend in the bond and commodity markets
In the bond market, the spread between BTP and the Bund has fallen to 108 basis points, with the yield on the Italian bond set at 3.62% and the German one at 2.54%. As far as raw materials are concerned, the price of Brent oil stands at 78.5 dollars per barrel, heading towards the first weekly decline of the year. In the currency market, the euro fell back to 1.047 against the dollar, while the dollar/yen fell to 155.2. Finally, in the cryptocurrency world, Bitcoin continues to fluctuate around 105 thousand dollars, maintaining constant attention from investors
.
