Table of Contents:
Trend of European stock exchanges
The European stock exchanges closed the day with a mixed trend, highlighting a decline in the Ftse Mib in Piazza Affari, which registered a decrease of 0.5% to 34,191 points. This scenario reflects market uncertainties, influenced by various economic and political factors. However, not all the news is negative: Generali saw an increase of 4.8% thanks to higher-than-expected results, while Mediobanca gained 2.5%, supported by
the performance of the Trieste insurance company.
Market reactions
On the contrary, some stocks fell sharply. Interpump registered a decrease of 2.5% after the publication of the quarterly report, while Campari and Prysmian saw a decrease of 2.7% and 3.3% respectively. STM fell by 3.9%, partly due to the collapse of the US company Applied Materials. These fluctuations highlight market volatility and investor reaction to economic and financial news
.
Impact of macroeconomic data
On
the macroeconomic front, US retail sales data showed an increase of 0.4% on a monthly basis, exceeding analysts’ expectations. However, industrial production registered a decline of 0.3%, compared to the expected -0.4%. These data have led operators to review their bets on a possible rate cut by the Federal Reserve in December, after Jerome Powell‘s statements 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 period falling to 3.54% and the German benchmark to 2.35%.
Commodities and currencies
As far as commodities are concerned, Brent oil is close to 72 dollars per barrel, while gold remains at 2,567 dollars an ounce. In the currency market, the euro/dollar exchange rate is stable at 1.055, while the dollar/yen falls to 154.9. Finally, in the cryptocurrency sector, Bitcoin is trading at 89,500 dollars, highlighting the growing interest in
this asset.
