Table of Contents:
An uncertain start for European markets
The European stock exchanges, including Piazza Affari, registered a subdued start, with the Ftse Mib falling 0.5% in the 33,000 points area. Market players are closely monitoring Donald Trump’s statements and macroeconomic developments, in particular the monetary policies of central banks. In this context, Saipem stands out with an increase of 1.6%, while Stm and Stellantis show a
decrease of 1.3% each.
Focus on American inflation
Today, the release of the core PCE, a key indicator for understanding the trend of inflation in the United States, is expected. This figure comes after the Federal Reserve minutes, which revealed its intention to proceed with caution in interest rate cuts. Investors are waiting for additional signals that may influence the Fed’s future decisions, making this report particularly significant.
Economic expectations and data coming soon
In addition to the PCE core, operators are also following with interest claims for unemployment benefits, orders for durable goods and data on current housing sales. These indicators will provide a clearer picture of the health of the American economy. In Europe, consumer price data is expected to be released, scheduled for Friday, which could influence central banks’ decisions on the future of monetary policies
.
Central banks and their decisions
Another point of interest is represented by the recent decisions of central banks. New Zealand’s central bank recently lowered its benchmark rate to 4.25%, as widely expected by analysts. This move could also have repercussions on European and American monetary policies, in a context of growing inflation and
economic uncertainties.
Bond markets and commodities
In the bond market, the Btp-Bund spread continues to fluctuate around 126 basis points, with the Italian 10-year yield set at 3.45% and that of the German benchmark at 2.19%. Commodities show a variable trend, with Brent oil standing at 72.6 dollars per barrel, following the ceasefire between Israel and Hezbollah in Lebanon. Gold also saw an increase, reaching 2,647 dollars an ounce, while in the currency market the euro/dollar exchange rate stabilized
at 1.05.
Cryptocurrencies and future prospects
Finally, in the cryptocurrency sector, Bitcoin has seen a significant increase, returning to 93,600 dollars. This movement could be indicative of renewed investor interest in cryptocurrencies, in a context of global economic uncertainties. Analysts will continue to monitor these developments, as they may influence investment decisions in the coming days
.
