An uneventful end to the day for European stock exchanges
The European stock exchanges closed the day with a substantially stable trend, without major shocks. The Ftse Mib in Piazza Affari closed unchanged at 34,698 points, while investors focused on some specific shares. In particular, Saipem recorded an increase of 4.6% after the publication of the financial results and the revision of the guidance. This positive signal has attracted the attention of investors, contributing to a more serene closure for the Italian market
.
Other stocks that showed positive performance include Brunello Cucinelli (+1.6%) and Stellantis (+1.5%). However, not all the news was positive: Nexi and Banco Bpm registered a 2% decline. This mix of results made the trading day quite interesting, with traders continuing to monitor economic news and business performance.
Wall Street on the rise: the role of technology
In the United States, Wall Street showed a positive trend, driven mainly by technology stocks. In particular, Tesla saw an increase of 17% after publishing higher-than-expected results. This has contributed to a climate of optimism among investors, who continue to evaluate quarterly reports and make assumptions about central banks’ next moves. New home sales topped estimates, while initial jobless claims fell, signaling resilience in the American
economy.
In addition, the PMI indices showed solid expansion, suggesting that demand for services remains robust. This environment has pushed investors to maintain a positive attitude, despite the geopolitical uncertainties that continue to
weigh on the markets.
The global economic environment and raw materials
In the global context, the eurozone’s PMI indices have confirmed the weakness of economic activity in the region, creating concerns among investors. However, the Btp-Bund spread contracted at 120 basis points, with the Italian 10-year spread at 3.45% and the German benchmark at 2.25%. This could indicate some stability in the bond market, despite economic challenges
.
As far as commodities are concerned, the price of Brent oil remains below 75 dollars per barrel, while gold has surpassed 2,730 dollars an ounce after a recent record. Geopolitical tensions, in particular those related to Israel and Iran, continue to influence markets, making the situation even more complex. On Forex, the euro/dollar exchange rate fluctuates in the 1.08 area, while the dollar/yen falls below the threshold of 152 yen per dollar, highlighting the
fluctuations in the currency market.