The stock markets in Europe have started the week on a positive note, with the Ftse Mib in Milan up by 0.40%. Last week, the index recorded a 0.97% increase. Other major indices in Europe have also seen moderate gains, with London up by 0.46%, Frankfurt by 0.11%, and Paris by 0.35%. Data on inflation is on the agenda, with Germany releasing its numbers today, followed by Italy and the Eurozone tomorrow. Tomorrow, the first-quarter GDP figures for Italy and Germany will be released. The United States will also see a busy week ahead, with the Federal Reserve’s two-day meeting ending on Wednesday. Investors will be looking to see how Fed Chair Jerome Powell interprets the latest inflation data, which came in higher than expected last Friday.
Quarterly earnings reports are also due this week, with Amazon set to report tomorrow and Apple on Thursday. Last week, Meta’s stock declined after their earnings, while Tesla, Alphabet, and Microsoft saw increases in their stock prices. This contributed to last week being the best week since November for the S&P500 (+2.67%) and the Nasdaq (+4.23%). Today, these indices are expected to open slightly higher, with futures showing an increase of 0.2% across the board. In Asia, markets have started the week positively, with Tokyo closed for the emperor’s birthday and Chinese markets up, with Shanghai rising by 0.79% and Hong Kong by 0.43%.
At the Milan stock exchange, attention is on Ariston Holding, which has seen a 1.73% decrease. The Russian subsidiary of the company was placed under temporary management by a Gazprom group company over the weekend, following a decree by President Putin. Tesla is also in focus, with a 0.38% increase in after-hours trading. CEO Elon Musk recently visited Beijing, where Tesla overcame two significant obstacles to introducing its driving assistance system in the world’s largest automotive market. The locally-produced models have been included among the electric vehicles meeting China’s data security requirements. Tesla also met a key data security and privacy requirement in China, which could help address concerns about data security issues.
In conclusion, the financial markets in Europe have opened the week with positive gains, driven by expectations around inflation data and quarterly earnings reports. The United States also has a busy week ahead, with the Federal Reserve meeting and several major companies releasing their earnings. In Asia, markets have started the week on a positive note, with Chinese markets showing gains. At the Milan stock exchange, attention is on Ariston Holding and Tesla, which have seen movements in their stock prices. Overall, investors are closely following developments in key markets and economic indicators to make informed decisions in a volatile global environment.
