The current context of European stock exchanges
European stock exchanges are experiencing a period of weakness, with the Ftse Mib in Piazza Affari falling by 0.1%, closing at 34,697 points. This negative trend was influenced by several factors, including recent corporate quarterly reports and central bank monetary policy expectations. In particular, investor attention is focused on stocks such as Stellantis and Stm, which have shown positive performance, while MPS and Telecom Italia have experienced
significant declines.
The statements of the central banks
In Europe, the president of the European Central Bank, Christine Lagarde, expressed satisfaction with the fall in inflation, a positive sign for economic stability. However, investors are eagerly awaiting the results of the PMI indices, which will provide further guidance on economic growth. In the United States, expectations of a possible monetary easing by the Fed have fallen, thanks to solid macroeconomic data. This scenario could also influence the decisions of European central banks.
Commodities and the bond market
In the commodities sector, Brent oil declined, falling below 75 dollars per barrel, while gold fell to 2,710 dollars an ounce, after reaching a record of 2,758 dollars. On the bond market, the Btp-Bund spread contracted to 121 basis points, with the Italian 10-year yield at 3.53% and that of the German benchmark at 2.32%. These data indicate some stability, but volatility remains high
.
