Table of Contents:
A quiet opening for Wall Street
Wall Street registered an uneventful opening, after the record close that followed Donald Trump’s victory in the presidential elections and the control of the Senate by the Republicans. Investors, waiting for new economic data, are focusing on key indicators such as producer and consumer prices, which will provide indications on the trend of inflation. This waiting climate is characterized by a certain caution, as markets try to interpret the future moves of the Federal Reserve, which has recently reduced interest rates by 25 basis points
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Trend of the main stock indices
In the current environment, the main stock indices show mixed performance. The Dow Jones opened with an increase of 73.08 points, equal to 0.16%, while the S&P 500 gained 3.99 points, equivalent to an increase of 0.07%. However, Nasdaq declined slightly, losing 5.43 points, corresponding to a decrease of 0.03%. This scenario highlights the volatility of the markets and the need to closely monitor economic and political developments
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Focus on the energy sector and on companies
WTI oil increased 1.51%, reaching 69.07 dollars per barrel. This rise is part of a context of expectation and speculation about future Federal Reserve decisions. Meanwhile, companies such as Enervit, active in the sports food supplement sector, reported a 12% increase in consolidated revenues in the first nine months of 2024, with direct sales driven by e-commerce that showed a significant increase of 33.2%. On the contrary, Mediobanca announced a share repurchase program, aimed at increasing earnings per share and financing strategic acquisitions
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Asian stock exchanges and geopolitical tensions
Chinese stock markets closed lower, influenced by geopolitical tensions and uncertainties about the national economy. The Shanghai index fell by 1.39%, while the Shenzhen index lost 0.65%. The Hong Kong stock exchange also registered a significant decline of 2.84%. These developments highlight how global dynamics can influence local markets, creating a climate of uncertainty that investors must navigate carefully
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