Table of Contents:
Closing of Piazza Affari
Yesterday saw a colorless close for Piazza Affari, with the Ftse Mib ending down 0.2%, reaching 33,427.72 points. Despite this, some stocks shone, such as Banco Bpm, which registered an increase of 5.5% after the announcement of a voluntary public exchange offer by Unicredit, which saw a decrease of 4.4%. This contrast highlights market volatility and investor reactions to specific news
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Trend of the main securities
Among the stocks that showed positive performance, Stm (+5.1%), Erg (+3.3%) and Campari (+3.2%) stand out. On the contrary, MPS fell by 2.7%, followed by Leonardo (-2%) and Bper (-1.8%). These movements reflect economic uncertainties and investor expectations regarding companies’ financial results. The Ifo index on German business confidence deteriorated, falling to 85.7 points in November, a sign of concern about
economic growth in Europe.
Economic Prospects and Incoming Data
In the
coming days, investors are preparing to receive important economic data, including the minutes of the American central bank and eurozone inflation. These events could further influence market sentiment. In addition, the 10-year Treasury yield fell by 10 basis points, a sign of a change in investor expectations regarding monetary policy. The Btp-Bund spread stands at 125 basis points, with the Italian 10-year spread at 3.46% and the German benchmark at 2.21%, after the confirmation of Italy’s rating by Moody’s, which expects growth of less than
1% in 2024.
Fluctuations in commodities and cryptocurrencies
In the commodities market, Brent oil fell to 72.5 dollars per barrel, while gold fell to 2,631 dollars an ounce, in response to lower geopolitical tensions. On the cryptocurrency front, Bitcoin fluctuated significantly, approaching 100,000 dollars before falling to around 96,500 dollars. This movement has been influenced by factors such as the approval of ETFs and institutional interest, with recent statements by US President Trump that have helped to move the market
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Business news and impacts on the market
Thyssenkrupp announced a plan to reduce or outsource 11,000 jobs in its steel division by 2030, due to energy cost pressures and international competition. This plan aims to reduce personnel costs by 10% to maintain competitiveness. Meanwhile, Revolut launched its new POS device, the Revolut Terminal, in Italy, promising speed and reliability in payments. This news highlights how companies are trying to adapt to an ever-changing economic environment
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