Cautious start for European markets
European markets, including Piazza Affari, opened the day with a cautious start. The Ftse Mib, the main index of the Italian Stock Exchange, showed a decrease of 0.2%, reaching 33,160 points. Among the outstanding securities, Saipem ranked at the top of the list, attracting the attention of investors. This trend reflects a general uncertainty that characterizes the current economic landscape, influenced by various global factors
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Nvidia’s quarterly report: mixed results
A key element that caught the attention of analysts was Nvidia’s quarterly report, which exceeded market expectations. Despite the sharply rising numbers, the stock declined by about 2% in the afterhours, suggesting that investors are not completely convinced by the guidance provided for the current quarter. This scenario highlights the volatility of the technology market and the importance of monitoring the performance of leading companies in the artificial intelligence sector
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Federal Reserve Statements and Impacts on the Bond Market
The words of Michelle Bowman, a member of the Federal Reserve board, added an additional element of caution. Bowman emphasized the need for a more cautious approach in monetary policy, citing the uncertainty of economic data and variables that could influence future conditions. These statements follow those of Governor Jerome Powell, who said that there is no hurry to lower interest rates. These statements had an immediate impact on the bond market, with the Btp-Bund spread rising to 125 basis points, highlighting a growing tension between Italian
and German government bonds.
Commodity and Forex trends
In the commodities sector, Brent oil remains stable at around 73.5 dollars per barrel, while gold continues to gain ground, reaching 2,664 dollars an ounce. These movements are indicative of a commodity market that responds to global dynamics and geopolitical factors. On the currency front, the euro/dollar exchange rate stands at 1.0537, showing stability that could reflect the expectation of further economic developments. Finally, in the cryptocurrency world, Bitcoin is getting closer and closer to the 100,000 dollar mark, marking a value of 97 thousand dollars shortly after 9 a.m., a sign of growing interest and
speculation in the sector.