Listen to the audio version of the article
(Il Sole 24 Ore Radiocor) – Closing in no particular order in an anomalous session for the European stock exchanges, many of which, including Milan, are closed for the holidays. On a Christmas Eve marked by very weak trading, Piazza Affari, which closed at highs on Tuesday, and Frankfurt remained firm, Paris (CAC 40), Amsterdam (AEX), London (FT-SE 100) and Madrid (IBEX 35) remained open only half a day. Investors are wondering if the stock markets will be able to pull off a “Christmas rally” after the new records of the last few days.
Wall Street closes positive, S&P at record
Wall Street closes positive. The Dow Jones rises by 0.60% to 48,371.81 points, the Nasdaq advances by 0.22% to 23,613.31 points while the S&P 500 makes progress by 0.32% to 6,932.12 points. During the day, the US Department of Labor announced that the new weekly claims for unemployment benefits for the week ending December 20 they were 214,000, down from 224,000 the previous week and below the Dow Jones forecast of 225,000. The US economy’s growth of 4.3% in the third quarter – the fastest pace in two years – potentially complicates the Federal Reserve’s interest rate strategy. According to the CME Group’s FedWatch Tool, most investors now expect that i rates remain unchanged until April; Overall, the Fed is still expected to cut rates by 50 basis points over the course of 2026. The New York Stock Exchange will close at 7pm ET today and remain closed for Christmas Day tomorrow. On the stock market, the title of Nike on the news that Tim Cook, Apple’s CEO, bought shares of the sportswear company worth nearly $3 million. Christmas.
Sanofi down in Paris, BP in the spotlight in London
Luxury stocks have come to the fore on the French stock exchange, with LVMH up 1.39%, Kering by 0.77% and Hermes by 0.62%. Weak instead Sanofi (-0,74%) after the announcement of the acquisition of Dynavax Technologies and the US FDA’s ban on a drug for the treatment of multiple sclerosis. Down too TotalEnergies (-0.43%) and Dassault Systemes (-0.46%). In London BP lost 0.39% after the sale of Castrol to the US investment fund Stonepeak. Sales up Games Workshop (-1,46%)as they gained ground Schroders (+1.8%) and Metlen Energy (+1.77%).
Gold and silver rally continues. Oil rises, euro little moved
Among raw materials, precious metals still set records: spot gold remains at record levels, after having exceeded the threshold of 4,500 dollars for the first time with a top of 4,525. Silver trades above 72 dollars, after reaching a top of 72.70, while platinum reached 2,377.5. Record also for copper in the wake of the strong economic growth reported by the US GDP in the third quarter which fuels the demand prospects for the metal in a context of limited supply. After the historic high of 12,282 dollars a ton reached in London in the last few hours, metal contracts reached a new peak of 96,510 yuan also in trading in Shanghai. The price of oil rose modestly, with the WTI above 58 dollars a barrel and Brent exceeding 62. On the currency market, the euro/dollar showed little change, just below 1.18 dollars. The yen’s recovery continues.
Related News :