Table of Contents:
Overview of European stock exchanges
European stock exchanges opened the day with a positive sign, highlighting a climate of optimism among investors. In particular, the Ftse Mib in Piazza Affari recorded an increase of 0.6%, reaching 34,050 points. This increase was supported by significant purchases in leading stocks, such as Campari, which saw an increase of 4% after the appointment of the new CEO
, Simon Hunt.
Market movements and outstanding securities
In addition to Campari, Iveco and Bper also showed positive performances, both up 1.6%. However, not all the news was encouraging: the shares of Terna and Italgas registered a slight decline, both falling by 0.2%. This performance mix reflects a market in the process of adjustment, where investors are carefully evaluating opportunities
.
Waiting for economic data
Today, important economic indices are expected to come out, including the SMEs of Italy and Spain, in addition to data on eurozone producer prices and updated economic estimates from the OECD. These indicators will be crucial to understanding the future direction of the European economy. In the United States, the ADP report on employment in the private sector and the ISM services index are expected, which will provide further insights on the labor market and
economic activity.
Focus on key interventions
Another aspect to monitor is the speech by Christine Lagarde, president of the ECB, scheduled for early afternoon, and the speech by Jerome Powell, president of the Fed, in the evening. These events could significantly affect investor expectations and the direction of the markets.
On bonds, 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%.
Commodity and Forex trends
In the commodities sector, Brent oil saw an increase, reaching 73.8 dollars per barrel, pending the OPEC+ meeting scheduled for tomorrow. Gold, on the other hand, remains stable at 2,640 dollars an ounce. In the currency market, the euro/dollar exchange rate is just above 1.05, while the dollar/yen is at 150.5. Finally, among cryptocurrencies, Bitcoin registered an increase, reaching 96,700
dollars.
