Global financial markets made yet another attempt at recovery in this final session of the post-Easter week. Today, in addition to the obvious situation in the Middle East and oil fluctuations, there were also some other factors under observation. macro data coming from the United States, especially inflation This is always the compass for the Federal Reserve's potential decisions regarding interest rates. The data was indeed up, but in line with expectations, while energy and gasoline prices also saw record increases: +11% in March for the former, the largest monthly increase since 2005, and +21,2% for the latter, the highest percentage increase ever. Also noteworthy is the University of Michigan's consumer confidence data. dropped to 47,6 points, the lowest in history.
All European stock markets are positive. The euro strengthens, and the BTP-Bund spread rises.
In this context, stock markets are attempting to rally, from Asia to the West. The Nikkei in Tokyo opened the rally, gaining nearly 2%, followed by Europe, with Milan up 0,59%, Paris up 0,2%, Frankfurt up 0,2%, London at par, and Amsterdam up 0,5%. The continental Euro Stoxx 50 index is up 0,6% today. Wall Street starts off mixed, with the Dow Jones initially trading in the red, while the Nasdaq Composite Index gained 0,5% and the S&P 500 gained 0,15%. The euro continued to strengthen against the US dollar, consolidating the exchange rate above 1,17, and today Bitcoin also regains momentum, reaching $73.000 valuation, the highest since mid-March. Government bonds remain under close scrutiny: the BTP-Bund spread widened again, closing at 79 basis points, with the yield on our 10-year BTP at 3,85%.
Oil remains near $100, gold and silver appreciate
Commodities: Oil didn't have a memorable session today, but it still remained close to $100 a barrel, the psychological level of this phase. To be precise, at the time European stock markets closed. WTI Crude Oil is worth $99 a barrel, and Brent is $96. Gas, on the other hand, has seen significant losses, falling to around 43 euros/MWh, its lowest price since the beginning of March. Positive session for gold and silver instead: the first gains little in percentage terms but approaches 4.800 dollars an ounce, while the second exceeds 76 dollars an ounce with an increase of 1,6%. Also worth noting today is the jump in tea prices, which is up 8%. returning to the highest value since the beginning of the year, due to the climate but also to the difficult transit through the eastern seas for the two largest global exporters, China and India.
Ftse Mib nears record high: industry, banks, and luxury rebound, defense and energy collapse
Piazza Affari approaches 48.000 points and nearly reaches its all-time high, with a gain of 0,59% to 47.600 points. On the FTSE MIB index, Industry and luxury goods stand out with Buzzi +5,6% and Brunello Cucinelli +5,25%, thanks to accounts better than expected Despite the geopolitical tensions that are penalizing the sector, Prysmian also performed well, up 3,6% and Stm up 3,5%. The banks also enjoyed strong trading: Unicredit up 2,4%, Mediobanca celebrating its 80th anniversary with a 2,3% gain, MPS up 1,8%, BPER up 1,4%, and so on. On the other hand, the Defense is doing badly, especially Leonardo who hasn't yet digested the change at the topFollowing the appointment of Lorenzo Mariani as the new CEO, the stock fell 5,27%, less than Avio (-5,4%), dragging Fincantieri (-1,8%) down. Energy is also suffering: Eni (-2%), Saipem (-1,3%), and Tenaris (-0,86%) are the worst performers in the sector.
The Nasdaq gets off to a strong start in America, with Marvell and nearly all tech stocks soaring.
The Nasdaq Composite Index is posting a positive session, currently up 0,5%. Worth notingMarvell's +7% success and technology stocks are generally doing wellNvidia +3,3%, Amazon +2,7%, Intel +2,4%, Qualcomm +1,3%, Meta +0,5%, Apple +0,4%, Tesla +0,25%, and Alphabet +0,2% are weaker. At par, Microsoft and Netflix are down, Cisco is down +0,8%, and Palantir is down -1,4%. Travel and tourism stocks are struggling again, worried about the situation in the Middle East, which is struggling to return to normal.Airbnb -1,4%, Booking -1,9%.
