Table of Contents:
The rise of European stock exchanges
Today saw a positive trend for European stock exchanges, with the Ftse Mib in Piazza Affari closing 1.9% higher, reaching 34,358 points. This increase was supported by various economic and business news that influenced the market. In particular, the MPS bank recorded a significant increase of 11.6% after the Treasury transaction, which placed 15% of the Sienese bank, reducing its shareholding from 26.7% to 11.7% and
collecting 1.1 billion euros.
Company performance
In addition to MPS, Telecom Italia also saw a significant increase of 8.15% after the publication of the quarterly report, while Banca Popolare di Sondrio gained 4.7%. However, not all companies performed positively; Iveco Group and Diasorin saw their shares fall by 2.5% and 2% respectively. These market movements highlight the importance of monitoring company news and financial results, which can have a direct impact on stock prices
.
Economic Indicators and Monetary Policies
From a macroeconomic point of view, the second reading of eurozone GDP for the third quarter confirmed a modest growth of 0.4%. The ECB minutes revealed that officials preferred to anticipate the rate cut, despite the scarcity of data, to avoid holding back the economy excessively and compromising inflation prospects. In the United States, producer prices increased by 0.2%, in line with expectations, while claims for unemployment benefits fell slightly to 217 thousand. This data is crucial for understanding economic trends and possible future monetary policy decisions
.
Bond markets and commodities
In the bond market, the Btp-Bund spread contracted at 120 basis points, with the Italian 10-year yield falling to 3.55% and that of the German benchmark to 2.34%. Commodities have shown some stability, with Brent oil coming in at just over 72 dollars per barrel and gold at 2,577 dollars an ounce. These values are indicative of global dynamics and market expectations regarding the demand and supply of these resources
.
Forex and cryptocurrency trends
In the currency market, the dollar has strengthened against other currencies, with the euro/dollar exchange rate traveling at 1.0575 and the dollar/yen reaching 155.8, fueling speculation about a possible intervention by the Japanese authorities. In the cryptocurrency sector, Bitcoin fell, slipping to 88,500 dollars. These movements in Forex and cryptocurrencies are important to follow, as they can influence investment decisions and trading strategies.
