Table of Contents:
Wall Street and Nasdaq’s performance
Today, Wall Street opened higher, supported by a strong Nasdaq performance, which saw a significant increase thanks to the Broadcom stock. This stock registered an increase of 19%, rising to 215 dollars after the publication of higher-than-expected quarterly results. Despite a week marked by mixed trends, the Nasdaq index surpassed 20,000 points for the first time two days ago, heading towards the end of a
positive week.
Trends in the main indices
At the start of the day, the Dow Jones rose 54.32 points, corresponding to an increase of 0.12%. The S&P 500 also recorded a gain, with 18.87 points higher, equal to an increase of 0.31%. The Nasdaq, on the other hand, increased by 99.53 points, corresponding to +0.50%. These data highlight a climate of optimism among investors, driven by the performance of technology companies
such as Broadcom.
Oil market and economic forecasts
The oil market showed signs of growth, with the price of WTI at Nymex rising by 0.70%, reaching 70.51 dollars per barrel. However, despite these positive signs, there are concerns about the German economy. The Bundesbank has revised its GDP growth forecasts for this year and next downward, highlighting structural problems and headwinds affecting the German economy.
The new estimates predict a contraction of 0.2% in 2023 and a growth limited to 0.2% in 2024.
Bank of Italy forecasts and price data
In Italy, the Bank of Italy updated its GDP growth forecasts for 2024 to +0.5%, taking into account working days. In addition, November data show an increase in import-export prices in the United States, with import prices growing by 0.1% compared to the previous month and an annual increase of 1.3%. Export prices, on the other hand, maintained a zero change, registering an increase of 0.8% year-on-year, according to data from the Bureau of Labor Statistics
.
Operations in the publishing sector
Finally, the Exor holding announced the sale of the magazine La Provincia Pavese and its digital activities to the publishing group SAE. The agreement, which should close by April 2025, is subject to suspensive conditions and current regulations. This operation marks an important evolution in the Italian publishing landscape, highlighting the current dynamics in the sector
.
