Table of Contents:
The current context of European stock exchanges
European stock exchanges are experiencing a day characterized by uncertainties and fluctuations, with the Ftse Mib in Piazza Affari closing down 0.2% to 36,059 points. Among the stocks that fell, Stellantis stood out with -1.5%, Eni with -1.2% and Telecom Italia with -1.15%. On the contrary, some stocks such as Diasorin (+2.9%), Snam (+2%) and Italgas (+1.8%) show signs of growth,
highlighting a market divided between opportunities and risks.
Macroeconomic factors at play
The day was poor in significant macroeconomic insights, but data from the United Kingdom revealed an increase in the unemployment rate to 4.4%, accompanied by wage growth at a six-month high. In addition, the German Zew Index showed a worsening of economic sentiment, suggesting growing concern among investors. The focus is also on the US quarterly reports, with particular expectation for the Netflix results and for the interventions of central bankers at the World Economic Forum
in Davos.
Bond and Commodity Market Analysis
In the bond market, the Btp-Bund spread narrowed to 108 basis points, with the yield on the Italian bond set at 3.58% and the German one at 2.50%. On the commodity front, Brent oil declined, falling to 79.5 dollars per barrel, while gold saw an increase, reaching 2,741 dollars an ounce. These movements are indicative of a constantly evolving market, influenced by geopolitical factors and global monetary policies
.
Impact of Trump’s policies and future prospects
Wall Street opened higher after the Martin Luther King Day break, with investors weighing the impact of Donald Trump’s economic policies, in particular with regard to tariffs and fuels. The main American indices, such as the Dow Jones, the S&P-500 and the Nasdaq, show fractional gains, a sign of a market that seeks to adapt to new economic realities. Joachim Nagel, president of the Bundesbank, said that the ECB is close to achieving its inflation target, but warns that the task of taming inflation is not yet complete. Wage growth could affect service prices in the coming months, making the situation even more complex
.
International collaborations and energy projects
In a context of increasing attention to renewable energy, Enel and Eni are collaborating with the Tunisian government to develop a pilot project for the production of green hydrogen. This project is part of the Mattei Plan, which aims to integrate North Africa and Europe, positioning Italy as a central point for European energy needs. These initiatives represent an important step towards a sustainable energy transition and could have a significant impact on regional economic dynamics.
