Overview of European stock exchanges
European stock exchanges opened the day lower, with the Ftse Mib in Piazza Affari recording a decline of 0.5%, reaching 34,340 points. This negative trend was influenced by a number of factors, including the volatility of Stm, which increased by 0.4% after the publication of the financial results. On the contrary, the Stellantis stock showed an increase of 1.2%, thanks to the confirmation of guidance by the company after the release of the accounts
.
Analysis of sectors and companies
In the list of listed companies, Hera, Unipol and Amplifon recorded significant declines, of 1.5% and 1.4% respectively. These results highlight a certain fragility in the market, with investors being cautious in view of further economic developments. On the macroeconomic front, the focus is on inflation data, with consumer prices in France showing a slight acceleration to 1.5% on a harmonized annual basis. This is particularly significant, as it could influence central banks’ future decisions.
Economic Prospects and Business Profits
Today, additional economic data is scheduled to be published, including inflation in Italy and the eurozone, in addition to the core PCE and the claims for unemployment benefits in the United States. Tomorrow, the market is looking forward to the job report, which will provide crucial information on the employment situation and wage growth. In the earnings context, Microsoft and Meta reported strong results, supported by their initiatives in cloud computing and artificial intelligence. However, the stocks of these companies have been held back by uncertainties about the future, while this evening it will be the turn of Amazon and Apple, two giants that could further influence
market sentiment.
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%, while the German benchmark stood at 2.41%. This scenario highlights a growing risk aversion among investors. As far as commodities are concerned, Brent oil remains above 72 dollars per barrel, while gold fluctuates around 2,780 dollars an ounce. Finally, Bitcoin continues to remain above 72,000 dollars, while on the Forex market, the euro/dollar exchange rate is stable at 1,086 and the dollar/yen falls to 152, after the meeting of the Bank of Japan, which decided
to keep interest rates unchanged.