Table of Contents:
European stock exchanges are falling, but Piazza Affari resists
European stock exchanges registered a lower session, while Wall Street moves cautiously after the publication of data on American inflation. Despite the negative environment, Piazza Affari showed some resilience, with the Ftse Mib closing 0.3% higher at 33,707 points. This positive trend was supported by some brilliant performances from stocks such as MPS and Bper, which gained 1.85% and 2% respectively thanks to favorable reviews from
HSBC and Morningstar.
American inflation: October data
In
October, consumer prices in the United States accelerated, rising to 2.6% year-on-year. The core figure, which excludes volatile goods such as food and energy, remained stable at 3.3%. These results have led traders to slightly increase their bets on a possible cut in interest rates by the Federal Reserve, scheduled for December, and on further interventions in the first part of 2025. The focus now shifts to producer price data, which could influence future central bank decisions.
Bond markets and commodities
In the bond market, the Btp-Bund spread stands at 125 basis points, with the Italian 10-year yield at 3.63% and that of the German benchmark at 2.38%. As far as commodities are concerned, Brent oil fluctuates around 72 dollars per barrel, while gold remains just above 2,600 dollars an ounce. In the currency market, the US dollar continues to strengthen, with the euro/dollar exchange rate falling below the 1.06 threshold and the dollar/yen exceeding 155 for the first time since July
.
Bitcoin and Asian markets
In the cryptocurrency world, Bitcoin has reached new all-time highs, reaching 93,000 dollars. This increase in value reflects the growing interest of investors in cryptocurrencies, despite global economic uncertainties. Meanwhile, the Hong Kong stock market continues its negative streak with a decrease of 0.1%, while Shanghai recovers 0.51%. The economic policies of the United States and China continue to influence Asian markets, creating a climate of uncertainty and volatility
.
Acquisitions in the agri-food sector
Important news in the agri-food sector is the acquisition of 51% of D.&P. by Finance for Food, which thus becomes the controlling partner. This transaction, concluded with an investment of 500 thousand euros, represents a significant step for FFF in strengthening its position in the agri-food and renewable energy sector. D.&P. recorded a significant increase in revenues and EBITDA in 2024, marking an important phase of
growth for the company.
