Table of Contents:
Wall Street opens higher
At the opening of the markets, Wall Street showed a slight increase, following yesterday’s session characterized by weak trading. Investors are waiting for crucial data on producer prices, which could indicate that inflation is still persisting. The annual figure registered an increase from 1.9% to 2.4% in October, exceeding analysts’ expectations, who expected an increase of 2.3%. This inflationary scenario continues to cause concern among market operators, especially in view of the next Federal Reserve meeting, scheduled for a week before Christmas
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Trend of the main indices
At the opening, the Dow Jones gained 89.81 points (+0.20%), while the S&P 500 registered an increase of 5.05 points (+0.08%). The Nasdaq also showed signs of growth, with an increase of 18.03 points (+0.09%). These positive figures are accompanied by an increase in the price of WTI oil at Nymex, which saw an increase of 1.34%, reaching 69.35 dollars per barrel. Such movements in the stock and commodity markets suggest some confidence on the part of investors, despite concerns related to inflation
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Unemployment benefit claims are falling
In the United States, another significant figure is the decrease in claims for unemployment benefits, which reached the lowest level since May. This result surprises analysts positively, suggesting a recovery in the labor market. The European Commission recently required Booking Holdings to comply with the Digital Markets Act, modifying the role of Booking.com in the tourism sector. Companies can now differentiate prices and conditions on different online sales channels, promoting greater fairness and openness in
the digital market.
Siemens performance and GDP growth in the Eurozone
In the business environment, Siemens recorded significant growth in the fourth quarter, with orders and revenues increasing. Net profit reached an all-time high, and the company proposed an increase in the dividend. Despite a decrease in orders year-on-year, overall performance was strong thanks to excellent cash flow. In addition, the Eurozone’s GDP in the third quarter of 2024 grew by 0.4%, confirming preliminary Eurostat estimates. This growth follows an increase of 0.2% in the previous quarter, with an annual growth of 0.9%. Across the European Union, GDP increased by 0.2% cyclically and by 1% year-on-year, signaling a moderate but steady economic recovery
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