Table of Contents:
The current context of European stock exchanges
The European stock exchanges opened the day with a rather static trend, with the Ftse Mib in Piazza Affari standing at about 34,700 points. In this scenario, the results of Eni stand out, which recorded an increase of 1.3%, while other stocks such as Hera and Stellantis show signs of weakness, with declines of 1.1% and 1% respectively. This trend reflects a phase of waiting on the part of investors, who are monitoring economic and political news both locally and internationally
.
Eni’s financial results and forecasts
In the third quarter, Eni reported an adjusted net profit of 1.27 billion, but it also revised its adjusted EBITDA forecasts downwards, bringing them to 14 billion. This change has raised concerns among analysts, who wonder about the company’s future prospects. Eni’s performance is crucial not only for its sector, but also for the entire Italian stock market, given its significant weight within the index. Investors now expect further clarification during the next corporate communications
.
Influence of Japanese elections and monetary policies
Another factor affecting the markets is the upcoming general election in Japan, scheduled for this weekend. Investors are cautious, considering that core inflation slowed, falling to 1.8% in October, the lowest value in the last six months. This scenario could influence the Bank of Japan’s decisions and, consequently, have repercussions on global markets. Meanwhile, the People’s Bank of China has injected 700 billion yuan into the financial system, seeking to stimulate the economy and support the stock market. These measures are indicative of a changing global economic environment, where the monetary policies of the main central banks play a
crucial role.
Future prospects and attention to economic indicators
Today, market participants are waiting for important macroeconomic data, including the German Ifo index and the ECB survey on inflation expectations. In the United States, durable goods orders and confidence indices are also expected. These indicators will provide additional insights into economic trends and could influence central bank decisions. In addition, the Btp-Bund spread stands at 121 basis points, with the Italian 10-year period at 3.47% and the German benchmark at 2.26%. Investors continue to closely monitor quarterly reports and possible central bank moves, while geopolitical fears in the Middle East remain
a hot topic.
