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Wall Street opening: an uncertain start
The opening day for Wall Street showed a slight decline, influenced by recent data on producer prices. In November, prices showed an increase of 0.4% compared to the previous month, exceeding analysts’ expectations, who expected a smaller increase of 0.2%. This figure has raised concerns among investors, as it indicates inflationary pressure that could influence future Federal Reserve decisions
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Analysis of producer price data
Annual data reveal an increase of 3% compared to the same month of the previous year, the highest value recorded since February 2023. This increase exceeded forecasts, which stood at 2.6%. This information could lead to a rethinking of monetary policies, with possible repercussions on interest rates and economic growth. Analysts are closely monitoring these developments, as they could affect not only Wall Street, but also global markets
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Performance of the main Wall Street indices
At the opening, the Dow Jones rose slightly by 15.46 points, corresponding to an increase of 0.04%. However, the S&P 500 and Nasdaq showed negative trends, with declines of 15.39 points (- 0.25%) and 90.54 points (- 0.45%), respectively. These data highlight a climate of uncertainty among investors, who are considering the implications of
recent economic data.
The oil market and European stock exchanges
The oil market declined slightly, with the price of WTI oil at Nymex falling by 0.44%, to 69.98 dollars per barrel. This decline could be attributed to global factors, including concerns about demand and fluctuations in supply. Meanwhile, the European stock exchanges closed the day slightly, after the meeting of the European Central Bank (ECB) and the statements of President Christine Lagarde. At Piazza Affari, the Ftse Mib ended with an increase of 0.4%, signaling some resilience despite global uncertainties
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