Trend of European stock exchanges
Today saw a negative trend for European stock exchanges, with the Ftse Mib in Piazza Affari closing down 0.3% to 33,089 points. Among the most affected stocks, STMicroelectronics registered a decline of 2.3%, followed by Generali with -2.2%. On the contrary, some stocks showed positive performance, such as MPS (+3.15%), Pirelli (+ 1.85%) and Campari (+ 1.8%)
, which finished at the top of the table.
US macroeconomic data
An important aspect to consider is the trend of macroeconomic data coming from the United States. The core PCE accelerated to 2.8%, fueling the Federal Reserve’s doubts about the fight against inflation. In addition, the second reading on GDP showed solid growth, also confirmed at 2.8%. However, continuous claims for unemployment benefits have reached their highs since 2021, signaling a possible easing in the labor market, pending the data that will be
published next Friday.
Future Prospects and Global Markets
Tomorrow, Wall Street will be closed for Thanksgiving, with an early closing scheduled for Friday. In Europe, we await with interest the data on consumer prices, scheduled for Friday. On the bond front, the Btp-Bund spread contracted at 124 basis points, with the Italian 10-year spread at 3.41% and the German benchmark at 2.17%. As far as commodities are concerned, Brent oil remains stable at 72.3 dollars per barrel, while gold registered an increase, reaching 2,641 dollars an ounce
.
Asian markets and company news
Asian stock exchanges, on the other hand, show signs of growth, with Hong Kong in the lead, thanks to technology stocks. Investors are looking positively at the Chinese industrial earnings data, waiting for the PMI results. Among the featured stocks, Alibaba, JD and Meituan posted strong gains, while Nio and Easou Technology experienced declines. Finally, Stellantis announced the closure of the Luton factory, focusing production in Ellesmere Port, a change that could put 1,100 jobs at risk but promises new opportunities
.