Table of Contents:
Trend of European stock exchanges
European stock exchanges opened lower again, marking a day characterized by important economic events. At Piazza Affari, the Ftse Mib fell by 0.5%, falling to 34,340 points. Among the outstanding securities, Stm showed some volatility, with an increase of 0.4% after the publication of the financial results.
In contrast, Hera, Unipol and Amplifon saw their shares fall by 1.5% and 1.4% respectively.
Focus on inflation and macroeconomic data
From a macroeconomic point of view, consumer prices in France accelerated slightly, reaching 1.5% on a harmonized annual basis. Today, inflation data for Italy and the eurozone are also expected, together with the core PCE and the claims for unemployment benefits in the United States. Tomorrow, the market is preparing for the job report, which will include information on nonfarm payrolls, the unemployment rate and wage growth
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Business results and future prospects
Regarding business results, Microsoft and Meta reported solid performance, thanks to their initiatives in the cloud computing and artificial intelligence sectors. However, the stocks of these companies have shown signs of slowing down due to uncertainties about the future. This evening, investors will be watching with interest the results of Amazon and Apple, which could further influence market sentiment
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Bond markets and commodities
In the bond market, the Btp-Bund spread widened to about 127 basis points, with the Italian 10-year yield rising to 3.68% and the German benchmark to 2.41%. As far as commodities are concerned, Brent oil remains above 72 dollars per barrel, while gold fluctuates around 2,780 dollars an ounce. Bitcoin, on the other hand, continues to hold above 72,000 dollars
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Currency exchange rate trends
In the foreign exchange market, the euro/dollar exchange rate stabilizes at 1.086, while the dollar/yen falls to 152 after the Bank of Japan meeting, which decided to keep rates unchanged. This stable exchange rate situation could reflect investor expectations for further global economic and political developments.
