Table of Contents:
Rise to Piazza Affari
Today saw a significant increase for Piazza Affari, with the Ftse Mib closing at 35,016 points, recording an increase of 0.7%. Among the outstanding securities, Diasorin led the ranking with an increase of 2.5%, followed by Banca Popolare di Sondrio with a +2.1%.
However, not all stocks followed this positive trend: Iveco Group declined by 2.7%, while Eni saw a decline of 1.6%.
Focus on quarterly reports and macroeconomic data
The climate of optimism at Piazza Affari is part of a wider context, with Wall Street showing signs of growth in a week full of quarterly reports and macroeconomic events. Investors are waiting for crucial data on the labor market and the core PCE, while in Europe the focus is on eurozone GDP and inflation. The performance of big tech, which represents more than 40% of the S&P 500, will provide an important indication of the health of the American economy
.
Trend in the bond and commodity markets
In the bond market, the Btp-Bund spread stands at 120 basis points, with the Italian 10-year yield rising to 3.49% and the German benchmark to 2.28%. On the commodity front, oil fell by more than 5%, with Brent trading at 71.6 dollars per barrel. This decline was influenced by Israel’s attacks against Iran, which hit only military targets, leaving oil facilities intact. Gold, on the other hand, stands at 2,744 dollars
an ounce.
Forex movements and company news
In the currency market, the euro/dollar exchange rate stands at 1.0825, while the dollar/yen rises to 153.3 yen per dollar, after the Japanese governing coalition lost its majority in parliament. On the business front, Meta Platforms, Facebook’s parent company, is developing a search engine to support the Meta AI chatbot. In addition, Sesa announced the acquisition of 55% of Smart Engineering, expanding its expertise in engineering software in the
German market.
