A negative start to the week for stock markets around the world, from Tokyo to New York, but not for Milan which, in complete contrast to the trend, recorded a +0,49% session, just shy of 46.700 points. driven by the redemption of utilities and especially Enel +6,8% on the day of the presentation of a business plan A 53 billion investment that apparently has convinced investors. CEO Flavio Cattaneo himself spoke of a "de-risked" plan and that for this very reason "the stock market likes it": "We lost 10% and recovered quickly because the stock market sees the future and Italy will make lower margins but abroad will make higher ones and this explains the rise in the stock. The stock market likes it because it is a de-risked plan. This is all positive news," the manager said at a press conference, and speaking of foreign activities. He specified that Enel will not withdraw from Brazil, one of its main markets."We're not interested in selling in Brazil. We believe we've met all the requirements for the concession, and São Paulo is the only city with overhead distribution (...). I'm about to send a letter to President Lula asking him to use shorter plants."
READ HERE TODAY'S LIVE STOCK MARKET REPORT
Following Enel, Hera +1,5% and A2a +1,2% also shine. Banks are in the red: Mediobanca is the worst performer -1,8%, Intesa Sanpaolo -0,14%, Unicredit -0,3%, Mps -1,3%, Banco Bpm +0,85% is saved after the meeting approved the changes to the statute. The rest of Europe performed badly with Paris -0,22%, Frankfurt -1,1%, previously Tokyo's Nikkei -1,1% and Wall Street also opened negatively, with the Dow Jones at -1,5%. As European stock markets close, the Nasdaq Composite Index is down 1,2%. Nvidia is up half a percentage point, while Apple is up 0,76%, but Tesla is down 3,2%, Microsoft is down 2,6%, Amazon is down 2,8%, and Apple is down 0,25%. Bitcoin continues its decline, losing another 3% today to $65.000, its lowest since the fall of 2024. The euro-dollar exchange rate, however, remains stable, just below 1,18. The BTP-Bund spread is slightly higher, reaching around 62 basis points., with the yield on our benchmark 10-year BTP falling to 3,33%.
Oil had a rather insignificant day, but it did not affect the bullish trend of the last week: in London Brent is still quoted today at 71,6 dollars a barrel And New York WTI crude oil is stable above $66 a barrel, with some margin. The two safe-haven commodities that have dominated the market in recent months—gold and silver—seem to be gaining ground again. Gold at one point seemed to be settling just below $5.000 an ounce, but at the end of last week it rebounded and is now trading around $5.200. Silver, for its part, is up more than 3% and approaching $90 an ounce.
