A growth environment for European stock exchanges
The European stock exchanges closed the session higher, supported by a climate of optimism that can also be breathed on Wall Street. This positive scenario is fueled by encouraging macroeconomic data and monetary policy expectations. In particular, the Ftse Mib in Piazza Affari recorded an increase of 1.25%, closing at 36,267 points. Among the titles in evidence, Iveco scored +5.7%, followed by Buzzi with +4.3% and Azimut with +2.95%.
However, not all companies benefited from this trend, with Amplifon closing down 1.5%
.
Inflation and monetary policies: a delicate balance
Signs of moderating inflation in the United States have helped create a climate of optimism regarding possible rate cuts by the Federal Reserve. This has prompted investors to focus on big tech, pending Trump’s inauguration, scheduled for Monday. Macroeconomic data showed US industrial production growing by 0.9%, exceeding expectations. In addition, the final reading of inflation in the eurozone stood at 2.4%, with the core CPI at 2.7%. These data have been positively received by the markets, which are preparing for a week full of significant events, including the Davos forum and the publication of the PMI indices of the main economies
.
Future prospects and market analysis
The International Monetary Fund has revised its growth estimates for the United States, bringing them to +2.7% in 2025, while it lowered its forecasts for the eurozone to 1%. In Italy, the GDP estimate has been reduced from +0.8% to +0.7%. These revisions highlight a changing global economic environment, with falling inflation that favors the normalization of monetary policies. On the bond front, the 10-year US yield remains just above 4.6%, while the Btp-Bund spread is slightly above 110 basis points. Commodities, meanwhile, show a mixed trend, with Brent oil falling below 80 dollars per barrel and gold stabilizing at 2,715
dollars an ounce.
