Current situation of European stock exchanges
Today saw a moderately positive trend for European stock exchanges, with the exception of Piazza Affari, which closed down 0.3% to 36,143 points. This decline was influenced by the drop in the down payment on the dividend by important companies such as Enel and Snam. In particular, Enel’s stock fell by 2.2%, while Hera, Eni and Terna also showed signs of weakness, with declines of 1.6% and 1.4% respectively
.
On the contrary, some stocks gained ground, such as Iveco Group and Stellantis, which saw their prices increase by 2.7% and 2.4%. This scenario highlights the volatility of the market and the need to closely monitor the performance of individual companies
.
Global events and their impact on markets
Today Wall Street was closed on the occasion of Martin Luther King’s Day, but attention remains high for Donald Trump’s inauguration ceremony in the White House. This event could have significant repercussions on markets, especially in relation to trade policies. The president-elect recently had a telephone conversation with Chinese leader Xi Jinping, showing an openness to dialogue with China, Canada and Mexico, an aspect that could alleviate concerns about new impositions of tariffs and
a potential tariff war.
In addition, the Davos forum, an important platform for discussing global economic issues, kicked off today. In the coming days, investors will be waiting with interest for the PMI indices of the main economies, the US quarterly reports and the Bank of Japan meeting, events that could further influence market trends
.
Analysis of bond and commodity markets
On bonds, the Btp-Bund spread remains stable in the 109 basis points area, with the yield on the Italian bond set at 3.61% and the German one at 2.52%. This figure is indicative of investor confidence in Italian government bonds, despite global economic uncertainties
.
As far as commodities are concerned, Brent oil fell below 80 dollars per barrel, while gold remains above 2,700 dollars an ounce, reflecting continued demand for safe haven assets in a context of economic uncertainty. In the currency market, the euro/dollar is approaching 1.04, while the dollar/yen falls to 155.6, pending the Bank of Japan meeting scheduled
for Friday.
Finally, in the cryptocurrency sector, Bitcoin saw a decline, falling below 105 thousand dollars after reaching a new record above 109,000 dollars. This movement highlights the intrinsic volatility of this market and the need for careful analysis by investors
.