Table of Contents:
Current situation of European stock exchanges
The European stock exchanges are experiencing a session characterized by significant volatility, with the Ftse Mib in Piazza Affari closing substantially unchanged at 36,191 points. This stability contrasts with a context of global uncertainties, in particular related to the trend of the US technology market, where the Nasdaq registered a 3% decline and the S&P 500 a 2% decrease. These fluctuations are partly attributable to concerns regarding the Chinese artificial intelligence model DeepSeek, which has raised questions about the sustainability of electricity demand
for data centers.
Performance of Italian companies
Among Italian companies, Hera saw an increase of 3.8% thanks to a recently presented strategic plan, while Generali gained 1.9%, benefiting from the current situation involving MPS and Mediobanca. However, not all the news is positive: Prysmian fell sharply by 8.75%, influenced by the prospect of a decrease in demand for electricity transport. In addition, Morgan Stanley has revised the target price for Prysmian, lowering it to 64 euros, maintaining an ‘equalweight’ recommendation
.
Economic Indicators and Future Prospects
On
the macroeconomic front, the German Ifo index showed a deterioration in business expectations, signaling a climate of uncertainty among investors. In the United States, sales of new homes in December exceeded expectations, suggesting some resilience in the housing market. This week, the focus will be on the meetings of the Federal Reserve and the European Central Bank, in addition to data on the GDP of the United States and the eurozone, the American core PCE and German inflation. In the bond market, the Btp-Bund spread remains stable at around 110 basis points, with the Italian BTP yield at 3.63% and that of the German Bund at 2.53%
.
Commodity and forex trends
In the commodities sector, Brent oil continues to fall, reaching 76.4 dollars per barrel, while gold depreciates to 2,738 dollars an ounce. In the currency market, the euro/dollar crossed the 1.05 mark, while the dollar/yen slipped to 154.3. Finally, among cryptocurrencies, Bitcoin has recovered ground, returning above 100,000 dollars, signaling renewed investor interest
.
News in the biotech sector
An important innovation comes from the biotech sector, with Metsera, a company specialized in drugs for weight loss, which is preparing to be listed on Nasdaq. The initial public offering involves the sale of 17,187,500 shares, with the goal of raising up to 292.2 million dollars. The price per share is expected to be between 15 and 17 dollars. Metsera stands out for the development of innovative NuSH peptides, aimed at treating obesity and related conditions, aimed at improving the efficacy and
production of these treatments.
