The European equity indices closed yesterday’s session with increases, maintaining the positive tone of the last trading days, despite the confirmation of the fall, the previous day, of the French Government when its approval of the confidence motion failed. of the extreme right and extreme left blocs.
This Friday, and to close the first week of December, the European indices open positively, with the exception of a EURO STOXX 50 that was penalized by values such as Infineon Technol (-1.14%) and KONE (-1.09) and opens lower; Specifically, the Euro Stoxx 50 cuts 0.10% to 4,946.6 points.
For its part, in the rest of the stock markets in Europe, widespread advances in a day dominated by light purchases. He DAX German advances 0.14% to 20,396.15 points, the FTSE 100 in London adds 0.02% to 8,350.69 points, the French CAC 40 rises 0.10% to 7,337.63 points and the Ibex 35 wakes up this Friday with slight increases of 0.08% to 12,129.
On a macro level, this morning we learned that the industrial production of Germany has fallen 1% month-on-month in October, according to Bureau of Statistics data published on Friday. The September data had shown a variation of -2.5%. A Reuters poll of analysts had forecast the indicator would rise 1.2% in October.
Los housing prices in the United Kingdom they increased 1.3% month-on-month in November, the Halifax mortgage company said on Friday. A Reuters poll of analysts had forecast the figure would rise 0.2% in November. The October price data was revised upwards, from 0.2 to 0.4%.
He Italian National Statistics Institute (Istat) has cut the country’s economic growth forecast for 2024 in half this Thursdayso it will remain at 0.5%, while, for 2025, it predicts 0.8%, three tenths less than in June. The government agency has made this decision after confirming the slowdown in domestic demand, especially on the supply side, and due to the lower growth in Germany, the main destination market for the transalpine industrial sector. Furthermore, “the crisis in certain production sectors,” especially the automobile industry, “had a negative impact on investments and imports.”
Business news
In the business field, the 50/50 joint venture between Telefónica Germany and AllianzUnsere Grüne Glasfaser (UGG), has obtained the approval of the regulatory authorities to acquire the fiber optic operator specialized in rural areas Infrafibre Germany (IFG), as reported by the company in a statement. The operation, announced at the end of last October and the amount of which has not been disclosed, includes IFG’s two internet service providers, that is, Leonet and Breitbandversorgung Deutschland (BBV), as well as Infrafibre Networks (IFN), which groups the construction and technology units.
Airbus delivered 643 commercial aircraft in the first eleven months of this year, which is still very far from its goal of 770 for the year as a whole, which it already had to revise downwards. The European aircraft manufacturer announced this Friday that during the month of November it placed a total of 84 aircraft in the hands of 42 customers, which brings the figure to 643 since January. At the same time, it received orders for 30 aircraft last month.
The insurer Aviva has sweetened its offer for Britain’s Direct Line to about 3.4 billion pounds ($4.33 billion), or 261 pence per share, Bloomberg News reported Thursday, citing people familiar with the matter. The revised proposal comes a week after the home and motor insurer rejected Aviva’s 250 pence per share offer, calling the deal “highly opportunistic” and “substantially undervaluing” the company.
Other markets
Wall Street closed yesterday Thursday in red, with the DOW JONES falling 0.55%, to 44,765 units, awaiting the November employment report in the United States, which will be published today. For its part, the S&P 500 fell 0.19%, to 6,075 units, and the technology Nasdaq It fell 0.18%, to 19,700 integers. This Friday, the American futures are trading flat.
Most of the asian bags They fell this Friday at a time when political tensions in South Korea weighed on market confidence. Chinese stocks, however, rose to three-week highs as investors flocked to technology stocks. Thus, in Asia, the broadest MSCI index of Asia-Pacific shares, which does not include Japan, reversed previous losses and rose 0.2% thanks to the rebound in Chinese stock markets. Both the Chinese CSI300 and the Hong Kong Hang Seng stock markets advanced 1.3%, being the most profitable securities in the region. The Japanese Nikkei index falls 0.9%, but rises 2.2% on the week.
Oil Futures were stable as OPEC+’s decision to postpone a planned production increase until April highlighted concerns about weak demand. At this time, the US West Texas Intermediate (WTI) is around $68.30 a barrel, after falling 0.4% overnight. For its part, the barrel Brenta reference in Europe, fell 0.29% to $71.88.
In the currency market, markets await US employment data and analyze the impact of a politically turbulent week that brought the fall of the French Government and the brief imposition of martial law in South Korea. The euro, mired in political turmoil in its own territory, is moving downwards today; Specifically, the Euro Dollar falls 0.14% to $1.0573 after rebounding on Thursday as French bonds stabilized.
In the crypto field, Bitcoin, which reached the $100,000 barrier for the first time as investors bet on a favorable regulatory change in the United States, takes a step back this Friday and investors bet on taking profits. Today it fell as low as $92,092 before stabilizing at $97,873. “This spike in volatility over the last 24 hours has the makings of a classic high,” said IG analyst Tony Sycamore. “While we don’t see this as the end of Bitcoin’s bull run, it does signal that we are entering a consolidation phase in the coming days or weeks.” At this time, the cryptocurrency subtracts 4% to $97,872.8.
In the agenda macro Today we will know, and after knowing the industrial production and trade balance of Germany, this morning the GDP and employment of the Eurozone will be published. Already in the US, all eyes will be on non-farm payrolls, average hourly earnings and the US unemployment rate.