Trend of European stock exchanges
European stock exchanges are experiencing a moment of growth, with the Ftse Mib in Piazza Affari recording an increase of 0.4%, reaching 35,970 points. This positive trend is fueled by significant investments in companies such as Stellantis and Campari, which have seen an increase of 2.1% and 2% respectively.
However, not all companies are benefiting from this favorable climate; Snam and Nexi have experienced a decline, of 1% and 0.6% respectively.
Inflation and US economic data
The week is coming to an end with the analysis of key data on inflation in the United States, which turned out to be better than expected. The first quarterly results of American banks showed encouraging results, contributing to a climate of optimism in the markets. Today, China published GDP data for 2024, revealing that the Chinese economy has reached the 5% growth target set by the government, thanks to economic stimulus and good export performance
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The challenges of the Chinese economy
However, the future of the Chinese economy could be jeopardized by the return of Trump, who threatened to introduce tariffs of up to 60% against Beijing. This scenario could weaken Chinese exports, a crucial factor for the country’s economic growth. With the tycoon taking office in the White House scheduled for Monday, investors are closely monitoring developments. Meanwhile, in the afternoon, data on industrial production and new home construction in the United States are expected, in addition to the final reading of inflation in the eurozone
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Bond markets and commodities
In the bond market, the 10-year US yield remains at around 4.6%, while the Btp-Bund spread remains stable at 110 basis points. The Italian bond yields 3.62%, compared to 2.52% for the German stock. As far as commodities are concerned, the price of Brent oil has risen to 81.8 dollars per barrel, while gold is above 2,710 dollars an ounce.
In the currency market, the euro/dollar is still trading in the 1.029 area, while the dollar/yen is at 155.5, influenced by the Bank of Japan’s expectations of rate hikes.
Cryptocurrencies on the rise
Finally, in the cryptocurrency world, Bitcoin has seen a significant increase, reaching the value of $101,700. This increase reflects the growing interest of investors in cryptocurrencies, despite global economic uncertainties. The current market situation requires careful analysis and monitoring, as global economic dynamics continue to influence European stock exchanges and financial markets in general
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