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Positive trend of European stock exchanges despite the absence of Wall Street

European stock exchanges are on the rise

The European stock exchanges recorded a positive session, despite the absence of the Wall Street beacon due to Thanksgiving. At Piazza Affari, the Ftse Mib closed 0.5% higher, reaching 33,260 points. Among the outstanding securities, Nexi gained 4%, supported by the possible divestment of the National Interbank Network to CDP.
Iveco also showed an increase of 4.2%, while other stocks such as Diasorin, Telecom Italia and Campari recorded losses, respectively of 1.4%, 1.2% and 1%.

Focus on inflation in the eurozone

Awaiting the key eurozone inflation figure, harmonized consumer prices in Germany remained unchanged at 2.4% year-on-year, contrary to expectations of an increase. In Spain, on the other hand, inflation accelerated, also remaining at 2.4%. These data are crucial for understanding the region’s economic performance and the possible future decisions of the European Central Bank
.

Bond and commodity market trends

In the bond market, the Btp-Bund spread stands at 124 basis points, with the Italian 10-year yield down to 3.38% and that of the German benchmark to 2.14%. The tensions on the French spread, which had reached their highest since 2012, seem to be partially returning, after the recent political turmoil related to the
budget.

As far as raw materials are concerned, Brent oil has recovered slightly, returning to the area of 72.3 dollars per barrel. OPEC+ has decided to postpone the online meeting scheduled for Sunday to December 5.
Gold, on the other hand, remains stable at 2,640 dollars an ounce, while in the currency market the euro/dollar exchange rate stands at 1.055 and the dollar/yen at 151.55.

Strategic investments in the energy sector

Important news came from the energy sector, where Flavio Cattaneo, CEO of the Enel Group, recently purchased 200,000 shares of the company, bringing his portfolio to 2.9 million Enel shares and 400,000 Endesa shares. This strategic investment, worth approximately 28 million euros, strengthens its position within the company and underlines its confidence in the company’s future
.

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