Table of Contents:
Trend of European stock exchanges
European stock exchanges closed the session higher, with the Ftse Mib in Piazza Affari recording an increase of 1.25%, reaching 36,267 points. This positive trend was also supported by the excellent performance of Wall Street, which is preparing to close the week with some of the best results since the November election. Among the best performing titles, Iveco (+ 5.7%), Buzzi (+ 4.3%) and Azimut (+ 2.95%) stand out,
while Amplifon showed a decrease of 1.5%.
Inflation and monetary policies
The signs of moderating inflation in the United States have generated a climate of optimism among investors, fueling purchases in the big tech sector. Analysts are looking forward to Trump’s inauguration, scheduled for Monday, and its possible implications for economic policies. The macroeconomic agenda revealed better-than-expected data on US industrial production, which registered an increase of 0.9%. In addition, the final reading of inflation in the eurozone stood at 2.4%, with the core CPI
at 2.7%.
Economic forecasts and future focus
The International Monetary Fund (IMF) has revised its growth forecasts for the United States upwards, bringing them to +2.7% in 2025, while it lowered those for the eurozone to 1%. Italy’s GDP estimate has been reduced from +0.8% to +0.7%. In addition to Trump’s inauguration, attention will shift in the coming days to the Davos forum and to the PMI indices of the main economies, as well as to the continuation of the quarterly season. On the bond front, the 10-year US yield remains just above 4.6%, while the Btp-Bund spread is slightly above 110 basis points.
Commodities and the currency market
In the commodities market, Brent oil declined, slipping below 80 dollars per barrel, while gold stabilized at 2,715 dollars an ounce. In the currency market, the euro/dollar continues to trade in the 1.029 area, while the dollar/yen rose to 156.3, pending the Bank of Japan meeting scheduled for next week. Finally, among cryptocurrencies, Bitcoin registered an increase, reaching 104,600 dollars, supported by Trump’s expectation of new measures for digital assets
.
