Current situation of European stock exchanges
The European stock exchanges experienced a session characterized by limited trade, with the Ftse Mib in Piazza Affari closing substantially unchanged, recording a modest increase of 0.09% to 34,888.79 points. Among the outstanding securities, Telecom Italia gained 2.7%, pending an offer for Sparkle scheduled by December 18.
Iveco and Bper Banca also showed positive performance, with an increase of 2.4% and 1.7% respectively.
Impact of global economic news
On the contrary, luxury stocks fell, with Brunello Cucinelli and Moncler losing 1.9% and 1.8% due to disappointments related to economic stimulus from China. The day was poor in significant events, but investors’ attention is already turned to the next Fed meeting, where a possible cut in interest rates by 25 basis points is expected
.
Future Prospects and Economic Indicators
Important economic data are also coming soon, such as European PMI indices and statistics on industrial production and retail sales in China. In addition, the meeting of the BoE and the BoJ is expected, which should keep the cost of money unchanged.
On the bond front, the Btp-Bund spread stands at 113 basis points, with the Italian 10-year yield rising to 3.38%.
Commodities and currency markets
As far as raw materials are concerned, the price of Brent oil is close to 74 dollars per barrel, influenced by expectations of stricter US sanctions against Iran and Russia, which counter concerns about a global surplus in 2025. Gold, on the other hand, saw a decline, falling around 2,660 dollars
an ounce.
Cryptocurrency market trend
In the cryptocurrency market, Bitcoin continues to fluctuate around 100,000 dollars, showing some stability despite recent fluctuations.
In the currency market, the euro/dollar exchange rate is around 1.05, while the dollar/yen goes back to 153.6.
Focus on Wall Street
Finally, it is interesting to note that Wall Street opened positively, with Nasdaq benefiting from the performance of Broadcom, which has exceeded the threshold of one trillion in capitalization thanks to the growing interest in artificial intelligence. After a fluctuating week, the Dow Jones shows signs of recovery, suggesting a possible improvement in market conditions
.