Le European stocks slow after the highs of the day, while the Petroleum go back to to go up and brings geopolitical tensions back to the forefront. Rekindling the uncertainty is the American president Donald Trump, which raises the tone on the conflict in Iran speaking of possible “very tough” actions and, in a post on Truth, evoking future control of the country's energy infrastructure, including the strategic island of Kharg.
The Old Continent's indices remain positive, despite retreating from their intraday highs. Milan confirms itself as the best European market, while Frankfurt slips into negative territory. Above parity Paris, Madrid e LondonCaution is also reflected in global stocks, with Wall Street futures remaining buoyant but slightly reducing their gains. Meanwhile, anticipation is growing for the SpaceX's record debut, which according to rumors has already received orders worth approximately $250 billion, against a potential valuation close to $1.800 trillion. Investors' attention is also turning to Asia, where stock markets closed mixed after a difficult start: Shanghai and Hong Kong remain in negative territory, with the latter down more than 1%, while Tokyo and Seoul are trying to recover ground after the sharp sell-offs that hit the technology sector and semiconductor manufacturers in the previous session.
ECB raises rates by 25 basis points and outlook becomes more uncertain
The compass of the day remains Frankfurt. The Board of Directors of the The ECB raised rates by 25 basis points., as expected: the deposit rate rises to 2,25%, the rate on the main refinancing operations to 2,40% and the marginal rate to 2,65%. According to the ECB led by Christine LagardeThe conflict in the Middle East is increasing inflationary pressures and increasing uncertainty about the macroeconomic outlook. The institute emphasizes that the decision is consistent with several scenarios related to the evolution of the energy shock and its effects on the Eurozone economy.
Le new estimates paint a weaker picture: inflation for 2026 is revised to 3,0% (from 2,6%) and for 2027 to 2,3% (from 2,0%). Core inflation also rises in 2026, to 2,5% (from 2,3%), while remaining stable at 2,2% in 2027. On the growth front, the ECB cuts its GDP forecasts: +0,8% in 2026 (from +0,9%) and +1,2% in 2027 (from +1,3%).
Lagarde maintains a cautious and data-dependent stance, leaving the door open for further moves if necessary. Investors are already looking to the Federal Reserve, with the FOMC meeting on June 17-18 and US inflation data still under review.
Piazza Affari rises with Fincantieri and STM, banks still in the forefront
At Piazza Affari, the tone remains decidedly positive, with the Fste Mib once again above the psychological threshold of 50.500 points. STMicroelectronics It is running on renewed enthusiasm for the semiconductor sector linked to artificial intelligence, supported by positive indications from TSMC, the improved outlook for data center revenues, and the new favorable ratings from analysts who have raised their targets and ratings. At the same time, it is rising. Fincantieri, supported by the launch of the buyback program linked to the management incentive plan, a signal interpreted by the market as a focus on creating value for shareholders. They remain among the best stocks Prysmian e Saipem, while the banking sector remains at the centre of the scene: investors continue to evaluate the possible new balances of the Italian credit system after the recent extraordinary operations, with Monte dei Paschi di Siena Bank up 0,50% and Unicredit of 0,79%, while the market is also watching possible developments in Germany on the oil front Commerzbank (+ 0,22%).
In the luxury sector the picture remains more nuanced but still favourable, with Moncler e Brunello cucinelli progressing, also supported by European sector dynamics following the offer by the British Frasers for Hugo Boss, which is flying to Frankfurt. Going against the trend, however, are Diasorin, Campari, Stellantis e Buzzi, in a market that remains selective.
Outside the main price list, the following stands out: SS Lazio, which rose 3,35% following president Claudio Lotito's open letter to fans, which the market interpreted as a sign of openness and a possible new phase for the club. The club also denied rumors of a possible sale, helping to strengthen investor confidence.
Euro/dollar slightly up, gold rebounds
The It rebounded 0,7% to $4.103 an ounce after hitting a six-month low of $4.022, also penalized by liquidity dynamics and weaker Indian demand.
On the foreign exchange market, theeuro weakens slightly after the ECB, to the 1,153 area against the dollar.
Last updated Thursday, June 11, 2026, at 15:03 AM
