Trend of European stock exchanges
Today saw a significant increase in European stock exchanges, with the Ftse Mib in Piazza Affari closing up 1.56%, reaching 34,343 points. Among the outstanding titles, Leonardo, Azimut and Amplifon stand out, which recorded gains of more than 3%. However, the luxury sector showed signs of weakness, with Moncler losing 1.2% due to disappointed expectations regarding fiscal stimulus in China. Brunello Cucinelli and Erg also closed in the negative, highlighting the fragility of
this market segment.
Focus on American economic data
In the absence of significant macroeconomic cues, investors’ attention is focused on upcoming economic events in the United States. Inflation data will be released on Wednesday, followed by a speech by Federal Reserve Chairman Jerome Powell on Thursday. These events could have a significant impact on the markets, especially considering recent interest rate fluctuations. Analysts are waiting for guidance on possible further rate cuts, which could affect short-term investment decisions
.
Bond yields and commodities
The European bond market showed a decline in yields, with the Btp-Bund spread contracting to 126 basis points. The Italian 10-year period saw a drop to 3.59%, while the German benchmark reached 2.33%. In the commodities sector, Brent oil fell below 72 dollars per barrel, while gold lost value, falling to 2,616 dollars an ounce. These movements are indicative of a market waiting for clear signals from monetary authorities and an uncertain global economic environment
.
The strengthening of the dollar and cryptocurrencies
The American dollar continues to strengthen, influenced by recent political developments and expectations of more aggressive trade policies. The euro/dollar exchange rate fell to 1.065, while the dollar/yen depreciated to 153.9. Meanwhile, Bitcoin has reached new highs, approaching 85 thousand dollars, signaling a growing interest in cryptocurrencies in a context of traditional economic uncertainties
.
Business results and investment strategies
PharmaNutra reported extraordinary financial results in the first nine months of 2024, with a significant increase in revenues. Vice President Roberto Lacorte attributed this success to investments in research and development. Assurazioni Generali also announced the purchase of more than 1.8 million treasury shares, strengthening its position on the market. RCS approved positive financial data, showing a growing net profit. These results highlight how companies are navigating a complex economic environment, trying to maintain positive margins and invest for the future
.