Table of Contents:
Trend of European stock exchanges
The closing of the European stock exchanges showed a mixed picture, with the Ftse Mib in Piazza Affari recording a decrease of 0.5%, reaching 34,191 points. This decline was influenced by various factors, including the financial results of some companies and macroeconomic news from the United States.
In particular, Generali shone with an increase of 4.8% thanks to higher-than-expected profits, while Mediobanca, the insurance company’s main shareholder, saw an increase of 2.5%.
Macroeconomic data and market impacts
Recent U.S. retail sales statistics showed an increase of 0.4% in October, exceeding analysts’ expectations of an increase of 0.3%. However, industrial production registered a decline of 0.3%, contrary to the expected -0.4%. These data have led operators to review their forecasts regarding a possible cut in rates by the Federal Reserve at the next meeting in December, after statements by President Jerome Powell on the strength of
the American economy.
Future Perspectives and Key Events
Looking to the future, next week promises to be crucial with Nvidia‘s quarterly report and the publication of the PMI indices of the main economies. These events could further influence market performance.
On the bond front, the Btp-Bund spread remains stable at around 120 basis points, with the Italian 10-year yield falling to 3.54% and that of the German benchmark to 2.35%.
Commodities and currencies
In the commodities market, Brent oil is close to 72 dollars per barrel, while the price of gold is 2,567 dollars an ounce. In the currency market, the euro/dollar exchange rate remains at 1.055, while the dollar/yen falls to 154.9. Cryptocurrencies, in particular Bitcoin, are trading at 89,500 dollars, showing some volatility
.
Conclusions on market trends
In summary, the performance of European stock exchanges and recent economic data highlight a context of uncertainties and opportunities. Investors will need to closely monitor future developments, in particular Federal Reserve decisions and company results, to guide their investment strategies
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