Closing of European stock exchanges
European stock exchanges closed slightly higher, with the Ftse Mib in Piazza Affari finishing at 33,414 points, marking an increase of 0.5%. Among the stocks in evidence, Amplifon and Stm led earnings, with an increase of 2.3% and 2.15%, respectively. However, not all companies benefited from this positive trend; Telecom Italia saw a decline of 1.5% following the sale of its stake in
Inwit.
Inflation data and market expectations
Today, data on eurozone inflation was released, which showed an acceleration to 2.3% in November. The core consumer price index remained stable at 2.7%, slightly below analysts’ expectations, who expected 2.8%. The European Central Bank (ECB) report showed an increase in 12-month inflation expectations, bringing them to 2.5%. This data is crucial for investors, as it influences monetary policy decisions
.
Next economic events to follow
Next week promises to be full of significant events, with the US job report coming out on Friday. Speeches by Christine Lagarde and Jerome Powell, respectively presidents of the ECB and the Federal Reserve, are expected on Wednesday and could provide further guidance on future monetary policies. In addition, Chinese data on manufacturing activity will be closely monitored, as will the final reading of eurozone GDP for the third quarter, scheduled for
Friday.
Trend in bond and commodity markets
In the bond market, the Btp-Bund spread fell to 119 basis points, with the Italian 10-year yield at 3.28% and that of the German benchmark at 2.09%. On the commodity front, Brent oil exceeded 73 dollars per barrel, pending the OPEC+ meeting on December 5.
Gold, meanwhile, is approaching 2,660 dollars an ounce, while the euro/dollar exchange rate stabilizes at 1.055.
Focus on cryptocurrencies and the US market
In the cryptocurrency sector, Bitcoin has shown signs of recovery, rising to 98,000 dollars. On Wall Street, financial markets closed early after Thanksgiving, with major indices posting weekly gains. The Dow Jones, the S&P 500 and the Nasdaq registered increases of 1%, 0.5% and 0.4%, respectively. This month of November ends positively, also thanks to the re-election of Donald Trump, who influenced market sentiment
.