Table of Contents:
Overview of the performance of European stock exchanges
The European stock exchanges recorded a weak finish, with the Ftse Mib closing down 0.3% to 33,227 points. Among the main companies listed on Piazza Affari, Nexi (+ 2.2%), Telecom Italia (+ 2.1%) and Recordati (+ 1.1%) stood out, while Iveco (-1.9%), Amplifon (-1.6%) and Stellantis (-1.5%) suffered significant losses. This trend reflects market uncertainties and concerns related to global economic growth
.
Waiting for Nvidia’s results and impacts on the market
A particular interest is directed at Nvidia’s quarterly report, scheduled for this evening after the close of Wall Street. Investors are eager to know the company’s financial results, especially in a context where demand for artificial intelligence chips is growing. Expectations are high, and any positive news could significantly affect the stock market. Meanwhile, retailer Target has seen its shares plummet after a cut in earnings forecasts, highlighting the challenges that many companies are facing in this period of
economic uncertainty.
Analysis of economic data and geopolitical tensions
Today, data from the European Central Bank on wage negotiations were released, which show an acceleration in growth to 5.4% in the third quarter, compared to 3.5% in the second. This increase could have repercussions on future monetary policies. Market players continue to monitor the tensions in Ukraine and the moves of the new American president Donald Trump, which could further influence market performance.
In addition, the Btp-Bund spread widened to 123 basis points, with the Italian 10-year period at around 3.58% and the German benchmark at 2.35%.
Impact of commodities and Forex
In the commodities sector, Brent oil remains above 73 dollars per barrel, while gold stands at around 2,650 dollars an ounce. In the currency market, the euro/dollar exchange rate fell to 1.052, while the dollar/yen rose to 155.3. Among cryptocurrencies, Bitcoin has surpassed 93,000 dollars, signaling a growing interest in digital assets. These factors contribute to a complex market environment, where economic decisions and geopolitical tensions play a
crucial role.
Corporate restructuring and future prospects
In a context of economic weakness, Ford announced the cut of 4,000 jobs in Europe, mainly in Germany and the United Kingdom, by 2027. This decision was made because demand for electric cars was lower than expected. The company is also reviewing the production of the new Explorer and Capri models. Investors are waiting for further developments, as companies try to adapt to an ever-changing market.
Situation in the United States and Asian markets
In the United States, mortgage applications are on the rise, with a 1.7% increase in the mortgage applications index in the week of November 15. Refinance requests and new applications also show significant growth, according to the Mortgage Bankers Association (MBA). Thirty-year mortgage rates have risen to 6.90%. Meanwhile, Asian markets close higher, with Hong Kong and mainland China awaiting Nvidia’s results, while the Hang Seng Index and Hang Seng Tech record gains, supported by the technology
and pharmaceutical sectors.
