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European stock exchanges are on the rise
European stock exchanges opened the day slightly higher, continuing the positive trend of last week. At Piazza Affari, the Ftse Mib recorded an increase of 0.3%, reaching 34,800 points. Among the outstanding titles, Tenaris gained 2.9%, followed by Moncler and Inwit, both up 2.2%.
In contrast, Iveco and Leonardo showed signs of weakness, with losses of 1.7% and 1.1% respectively.
Economic Indicators and Future Prospects
The market is reacting positively to economic news from Asia. The upward revision of Japanese GDP, which showed an annualized increase of 1.2% in the third quarter, has fueled optimism. In addition, Chinese data showed a slowdown in inflation, suggesting the possibility of new fiscal stimulus. Today, investors are looking forward to the eurozone investor confidence index and final wholesale inventories in the United States
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Focus on inflation and geopolitics
The market is waiting for important data on US inflation, scheduled for Wednesday, after Friday’s employment report. In addition, the European Central Bank (ECB) meeting on Thursday will be a crucial event for investors. The geopolitical situation, in particular the political instability in South Korea, France and Syria, continues to cause concern and influence investment decisions
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Trend in bond and commodity markets
In the bond market, the spread between BTP and the Bund contracted to 107 basis points, with the Italian 10-year yield set at 3.16% and that of the German benchmark at 2.09%.
As far as commodities are concerned, the price of Brent oil rose to 71.8 dollars per barrel, while gold reached 2,650 dollars an ounce, in response to geopolitical risks in the Middle East.
Situation on the currency market and cryptocurrencies
In the currency market, the euro/dollar exchange rate remains stable at 1.057, while the dollar/yen has surpassed 150. Finally, in the cryptocurrency sector, Bitcoin continues to remain below 100,000 dollars, after reaching new records last week.
