Table of Contents:
The growing European stock market
The European stock exchanges opened the day with a positive sign, highlighting a significant increase in the Ftse Mib in Piazza Affari, which registered an increase of 0.6%, reaching 34,050 points. This increase was driven by targeted purchases on several shares, in particular Campari, which saw an increase of 4% after the appointment of the new CEO, Simon Hunt. Investor confidence is palpable, and Campari positions itself as a leader in the alcoholic beverage sector
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Significant movements in the stock market
In addition to Campari, Iveco and Bper also recorded an increase of 1.6%. However, not all stocks followed this positive trend; Terna and Italgas showed a slight decline, both falling by 0.2%. These movements in the stock market are indicative of some volatility, but overall sentiment remains optimistic
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Incoming economic data and important statements
Today is a crucial day for the European economy, with the release of the Italian and Spanish PMI indices, in addition to data on eurozone producer prices and the updated economic estimates of the OECD. These data will provide valuable clues about the region’s economic health. In addition, investors are closely following reports from the United States, in particular the ADP report on private sector employment and the ISM services index
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Interventions by monetary authorities
Another focal point of the day will be the speech by Christine Lagarde, president of the European Central Bank, scheduled for early afternoon, followed by a speech by Jerome Powell, president of the Federal Reserve, in the evening. The statements of these economic leaders could further influence markets, especially in an environment of global uncertainties
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Trend in the bond and commodity markets
In the bond market, the Btp-Bund spread fell to 118 basis points, with the Italian 10-year yield set at 3.26% and that of the German benchmark at 2.08%. This drop in the spread is a positive sign for investors, suggesting greater stability. As far as raw materials are concerned, Brent oil increased, reaching 73.8 dollars per barrel, pending the OPEC+ meeting. Gold, on the other hand, remains stable at 2,640 dollars an ounce
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Trend of currencies and cryptocurrencies
In the currency market, the euro/dollar exchange rate is just above 1.05, while the dollar/yen is at 150.5. Cryptocurrencies are showing signs of recovery, with Bitcoin rising to $96,700. This movement in the cryptocurrency market could indicate renewed interest on the part of investors, in a context of increasing adoption of blockchain technology
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