Table of Contents:
Overview of the current situation
European stock exchanges are experiencing a period of strong volatility, with a sharp decline affecting the main indices. At Piazza Affari, the Ftse Mib closed down 2.14%, reaching 33,607.14 points. This decline was influenced by a number of factors, including benefits after a period of stock rally in the United States, which began to lose momentum
.
The companies most affected
Among the companies that suffered the biggest losses, Mediobanca recorded a significant decline of 8.1% after the publication of the financial results.
Prysmian and Brunello Cucinelli also saw their shares fall by 5.5% and 4.8% respectively.
On the contrary, STM closed against the trend with an increase of 1.1%, thanks to positive news from the German chip manufacturer Infineon.
Impact of economic policies
Investors are closely monitoring the economic policies of the new US government, led by Donald Trump, and their potential impact on global markets. In particular, we await with interest the US inflation figure, scheduled for tomorrow, which could influence investment decisions. In addition, the Zew index signaled an unexpected deterioration in investor sentiment regarding the German economy, contributing to
a climate of uncertainty.
Situation of the bond and commodity markets
In the bond market, the Btp-Bund spread stands at 127 basis points, with the Italian 10-year yield at 3.63% and that of the German benchmark at 2.35%. As far as commodities are concerned, Brent oil remains close to 72 dollars per barrel, while gold continues to lose value, fluctuating around 2,600
dollars an ounce.
Trend of currencies and cryptocurrencies
In the currency market, the dollar is strengthening against other currencies, with the euro/dollar exchange rate falling to 1.061 and the dollar/yen appreciating at 154.6. The cryptocurrency market is also showing signs of volatility, with Bitcoin standing at around 86,000 dollars, after reaching almost 90,000 dollars during the session
.
