Overview of European markets
European stock exchanges opened the day above parity, showing a positive trend despite the closure of Wall Street for Thanksgiving. At Piazza Affari, the Ftse Mib recorded an increase of 0.2%, reaching 33,150 points.
Among the titles in evidence, Nexi stands out, which gained 3.4% thanks to news regarding a possible purchase of the Network Services division by CDP.
Stock performance and macroeconomic focus
In addition to Nexi, MPS and Stellantis also showed positive performance, with an increase of 1.3% and 1.2% respectively. However, not all the news is positive: Saipem and Poste Italiane recorded declines of 0.6% and 0.4%. On the macroeconomic front, Spanish inflation accelerated to 2.4%, a significant increase compared to the previous 1.8%. In the afternoon, German consumer prices are expected to rise to 2.6%, ahead of the eurozone inflation data
expected for tomorrow.
Budget crisis in France and impacts on the markets
In Europe, attention is also drawn to the budget crisis in France, where political turmoil has brought the stock market to its lowest levels since August. This situation could further affect investor confidence.
In the bond market, the Btp-Bund spread remains stable at around 124 basis points, with the Italian 10-year yield falling to 3.38% and that of the German benchmark to 2.14%.
Commodities and currencies
As far as raw materials are concerned, Brent oil declined, falling below 72 dollars per barrel, while OPEC+ postponed the online meeting scheduled for Sunday to December 5. Gold remains substantially stable at 2,636 dollars an ounce.
In the currency market, the euro/dollar exchange rate recovered, rising to 1.053, while the dollar/yen reached 151.8.
Declining cryptocurrencies
Finally, in the cryptocurrency world, Bitcoin has seen a decline, falling to 95,200 dollars. This decline reflects market uncertainties and price fluctuations that characterize the sector. Investors remain cautious, closely monitoring economic and political news that could affect the markets in the coming days
.