Table of Contents:
Analysis of European stock exchanges
European stock exchanges closed the day lower, influenced by an increasingly tense geopolitical environment, in particular due to the situation in Ukraine. At Piazza Affari, the Ftse Mib fell by 1.3%, closing at 33,324 points. Among the most affected securities, Telecom Italia suffered a loss of 4.1%, followed by Banca Popolare di Sondrio (-3.85%), Finecobank (-3.6%) and Banca Mediolanum (-3.2%).
However, against the trend, Leonardo’s stock gained 1.4%, benefiting from a favorable environment for defense securities
.
International tensions and economic impacts
The climate of uncertainty was accentuated by the news that Ukraine carried out its first attack with American missiles on Russian territory, while President Putin has declared that he does not rule out the use of nuclear weapons. Investors are closely monitoring the situation, in particular Donald Trump’s political maneuvers in view of his inauguration in the White House. This tense scenario has led to greater caution in the markets, with operators preparing for possible economic repercussions
.
Macroeconomic data and future forecasts
From a macroeconomic point of view, the final reading of inflation in the eurozone was confirmed at 2% on an annual basis, with a core figure of 2.7%. In the United States, new construction sites fell by 3.1% and building permits by 0.6% in October, signaling a slowdown in the construction sector. Tomorrow, investors will wait for the European Central Bank’s report on wage negotiations, together with data on UK inflation and Nvidia’s quarterly report, expected in closed markets. On Friday, attention will shift to November’s preliminary PMI indices, which could provide further guidance on the health of the European economy
.
Bond markets and commodities
In the bond market, yields are falling, with the Btp-Bund spread widening to 121 basis points. The Italian 10-year period was around 3.55%, while the German benchmark is at 2.34%. As far as commodities are concerned, Brent oil fluctuates around 73 dollars per barrel, while gold rises to 2,624 dollars an ounce. In the currency market, the euro/dollar exchange rate remains substantially stable at 1.058, while the dollar/yen stands at 154.3. Finally, among cryptocurrencies, Bitcoin is rising to 92,700 dollars, showing some resilience despite the turmoil in traditional
markets.
