Table of Contents:
Current situation of European stock exchanges
The European stock exchanges are in a phase of light and dark, with Frankfurt marking a positive trend, while Paris is held back by political uncertainties. At Piazza Affari, the Ftse Mib closed 0.2% higher, reaching 33,483 points. However, Stellantis’ stock declined significantly, falling by 6.3% following the resignation of CEO Carlos Tavares. This event is part of a context of business difficulties that has affected the automotive group
.
Performance of companies and sectors in evidence
Among the companies that recorded positive performance, Nexi saw an increase of 5.5%, driven by the surge of its French competitor Worldline, which gained 14%. Campari closed with an increase of 2.3%, thanks to encouraging data from China. On the contrary, Italgas and Erg saw their shares fall by 2.2% and 1.6% respectively. These market movements highlight how corporate news and global economic data can significantly influence equity performance
.
Analysis of macroeconomic data
On
the macroeconomic front, the manufacturing PMI indices of Spain and Italy have been published, with values of 53.1 and 44.5 respectively. In addition, Italian GDP in the third quarter remained unchanged, while unemployment in the eurozone stood at 6.3%, with Italy recording a decline to 5.8%. In the United States, the ISM manufacturing index showed an improvement, rising to 48.4 points, exceeding expectations. These data are crucial for understanding the economic health of different nations and for anticipating the future moves of
central banks.
Future prospects and focus on economic events
In the
coming days, attention will be paid to the report on employment in the United States, scheduled for Friday, and to the final reading of the eurozone’s GDP for the third quarter. In addition, the speeches by Christine Lagarde and Jerome Powell, scheduled for Wednesday, could provide further guidance on future monetary policies. On the bond market, the Btp-Bund spread exceeded 122 basis points, with the Italian 10-year yield at 3.26% and the German yield at 2.04%. These indicators are essential for evaluating economic stability and growth expectations.
Commodity markets and currencies
In the commodities sector, the price of Brent oil has fallen below 72 dollars per barrel, pending the OPEC+ meeting scheduled for December 5. Gold, on the other hand, stands at around 2,640 dollars an ounce. In the currency market, the euro/dollar exchange rate continues to weaken, falling below 1.05, while the dollar/yen fell to 149.2. Fluctuations in currencies and commodities are key indicators of global economic dynamics and market expectations
.
Cryptocurrencies and current trends
Finally, in the cryptocurrency world, Bitcoin fluctuates around 97,000 dollars. This market, characterized by high volatility, continues to arouse interest among investors, despite global economic uncertainties. The current week promises to be crucial, with the expectation of macroeconomic data that could influence investment decisions and trading strategies
.
