Table of Contents:
The current context of European stock exchanges
The European stock exchanges recorded a positive session, despite the absence of Wall Street due to Thanksgiving. At Piazza Affari, the Ftse Mib closed 0.5% higher, reaching 33,260 points. Among the outstanding securities, Nexi saw an increase of 4%, supported by the possible divestment of the National Interbank Network to CDP. Iveco also showed a positive performance with an increase of 4.2%.
However, some stocks such as Diasorin, Telecom Italia and Campari recorded losses, of 1.4%, 1.2% and 1%, respectively
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Inflation and bond markets
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%. On the bond front, the Btp-Bund spread stood at 124 basis points, with the Italian 10-year yield down to 3.38% and that of the German benchmark to 2.14%. Tensions on the French spread, which reached their highest since 2012, have partially eased
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Commodities and cryptocurrencies
As far as raw materials are concerned, Brent oil saw a slight recovery, returning to 72.3 dollars per barrel, while OPEC+ decided to postpone the online meeting scheduled for Sunday to December 5. Gold remains stable at 2,640 dollars an ounce. In the currency market, the euro/dollar exchange rate stands at 1.055, while the dollar/yen is trading at 151.55. In the cryptocurrency sector, Bitcoin fell to 95,200 dollars
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Strategic investments in the energy sector
Flavio Cattaneo, CEO of the Enel Group, recently made a significant purchase of 200,000 Enel shares, bringing his portfolio to 2.9 million shares of the company and 400,000 shares of Endesa. This investment, worth around 28 million euros, strengthens its position within the company. In addition, in November, inflation in Germany fell by 0.2% compared to the previous month, with an annual increase of 2.2%, data that are in line with market expectations
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Collaborations and successes in the technology sector
Ferrari and CA Auto Bank have recently renewed their collaboration to offer financial solutions to customers in Germany, the United Kingdom and Switzerland, with plans to expand into Europe. This renewal underlines the strategic importance of the partnership in supporting Ferrari’s commercial growth. Finally, the grand final of the isybank University Master, the national university video game tournament, took place with great success, which saw the participation of numerous Italian universities, culminating in a day of
entertainment and pure adrenaline.
