Performance by Piazza Affari
Today saw a positive slowdown for Piazza Affari, with the Ftse Mib closing 0.7% higher, reaching 35,016 points. Among the securities that recorded the best performance, Diasorin stand out with an increase of 2.5% and Banca Popolare di Sondrio with a + 2.1%.
On the contrary, Iveco Group and Eni showed signs of weakness, with -2.7% and -1.6% respectively.
Global economic situation
The global economic situation remains under observation, with Wall Street remaining in positive territory. This week is characterized by an influx of quarterly and crucial macroeconomic events, in view of the upcoming presidential elections in the United States and the Federal Reserve meeting. The expected data on the labor market and on the PCE core will be fundamental to understand the future direction of the
economy.
Bond markets and commodities
In the bond sector, 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%. As far as raw materials are concerned, oil fell by more than 5%, with the price of Brent standing at 71.6 dollars per barrel. This decline was influenced by Israel’s attacks against Iran, which hit only military targets, excluding oil facilities
.
Trend of currencies
In the currency market, the euro/dollar exchange rate stands at 1.0825, while the dollar/yen rises to 153.3 yen per dollar. This movement came after the Japanese governing coalition lost its majority in parliament, creating uncertainty about Japan’s political and economic future
.