Table of Contents:
Performance of European stock exchanges
The European stock exchanges closed the day with a weak finish, showing an Ftse Mib down 0.3% to 33,227 points. Among the big names in Piazza Affari, Nexi stood out with an increase of 2.2%, Telecom Italia with 2.1% and Recordati with 1.1%.
However, there was no lack of losses, with Iveco recording a decline of 1.9%, followed by Amplifon and Stellantis losing 1.6% and 1.5% respectively.
Focus on quarterly reports and on the economic outlook
A particular interest is directed at Nvidia’s quarterly report, expected this evening after the close of Wall Street. Expectations are high, and investors are eager to know the results that could affect the technology market. Meanwhile, the Target retailer suffered a sharp decline after the cut in profit forecasts, a worrying sign that could be reflected
in other sectors.
Analysis of economic data and geopolitical tensions
Today, data from the European Central Bank regarding wage negotiations were published, which show an acceleration in growth to 5.4% in the third quarter, compared to 3.5% in the second. This increase could have significant repercussions on inflation and future monetary policies. In the background, market players continue to monitor the tensions in Ukraine and the moves of the next American president Donald Trump, which could further affect global economic stability
.
Situation of the bond and commodity markets
In the bond sector, the Btp-Bund spread widened to 123 basis points, with the Italian 10-year period standing at around 3.58% and the German benchmark at 2.35%. This scenario indicates a growing concern among investors regarding the sustainability of public debt. As far as commodities are concerned, Brent oil remains above 73 dollars per barrel, while gold is back around 2,650 dollars an ounce, suggesting a constant demand for safe haven assets in
times of economic uncertainty.
Fluctuations in the currency and cryptocurrency markets
In the currency market, the euro/dollar exchange rate fell to 1.052, while the dollar/yen saw an increase to 155.3. Cryptocurrencies continue to show signs of strength, with Bitcoin exceeding 93,000 dollars, attracting the attention of investors looking for alternative opportunities
.
