Table of Contents:
Trend of European stock exchanges
European stock exchanges opened higher again, continuing the positive trend that began at the beginning of the week. At Piazza Affari, the Ftse Mib recorded an increase of 0.6%, reaching 35,215 points. Among the outstanding securities, Prysmian gained 1.4%, followed by Banca Mediolanum and Iveco Group, both up 1.3%. However, Erg showed a slight decline of 0.4%
.
Waiting for economic data
Today, investors’ attention is focused on data on job offers in the United States, with the September Jolts report coming soon. This report is crucial to understanding the health of the American labor market. In addition, the data on consumer confidence is awaited with interest. In the coming days, the PCE core and the report on nonfarm payrolls will also be published, which will provide further information on the economic situation.
Focus on quarterly reports
In addition to macroeconomic data, the quarterly calendar will be closely monitored. This evening, the accounts of Alphabet and AMD will be announced, while tomorrow it will be Meta and Microsoft‘s turn. On Thursday, investors will wait for the results of Amazon and Apple. These reports could significantly influence market trends, considering the importance of these companies in the global economic landscape.
Bond position and raw materials
In the bond market, the Btp-Bund spread stands at 121 basis points, with the Italian 10-year period rising at 3.5% and the German benchmark at 2.3%. As far as commodities are concerned, oil stabilizes after yesterday’s crash, with Brent at 71.3 dollars per barrel. Gold, on the other hand, continues to rise, reaching 2,751 dollars
an ounce.
Exchange rate trend
In the foreign exchange market, the euro/dollar exchange rate stands at 1.081, while the dollar/yen stabilizes at 153.2 yen per dollar. This situation is influenced by the recent loss of majority by the Japanese governing coalition in parliament, with the Bank of Japan meeting on Thursday to discuss future monetary policies
.
