After a couple of terrible sessions, a rebound in Western stock markets was expected today, once again driven by tech, which changes mood every two days, but when it's in a good day it drags everything up. This is the case of Piazza Affari gained a good percentage point, regaining the 52.000 point mark., thanks to Stm +7,15%, by far the best stock of a session that also saw the exploits of Diasorin +4,45% and the banks: Unicredit +2,6%, Mediobanca +2,4%, Mps +2,1%, Intesa Sanpaolo +1,8%.
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Banks perform well at Piazza Affari, while Defense and Energy are down.
Speaking of Intesa, today on the sidelines of an event in Turin CEO Carlo Messina spoke"Our offer for MPS is concrete," he said. "Only we can guarantee independence and security. Donnet and Lovaglio? It's normal for them to talk." On the Ftse Mib, however, the Defense retraces, after days of overperformingAvio -3,9%, Fincantieri -2,8%, Leonardo -2,2%. Energy is also weak after the oil price dropped again: Saipem -3%, Snam -1,8%, Eni -1,2%. The new escalation in the Middle East, which has included further US attacks against Iran and retaliation against US bases in the region, has brought the Strait of Hormuz back to the center of energy market concerns, but evidently the impact on oil flows is judged to be limited.
Commodities, Bitcoin, and Government Bond Yields
Today, in fact, crude oil is back well below $80 a barrel: WTI Crude Oil is worth $72, Brent $76 a barrel. However, it continues to rise. European natural gas, which breaks through the 50 euro per megawatt hour threshold, at its highest since mid-May. Safe haven assets are regaining some momentum: gold is trading above $4.100 an ounce, while silver is reclaiming $60 an ounce. The euro is attempting to strengthen against the dollar, consolidating above $1,14, and Bitcoin is also enjoying a positive session, returning to $63.000. Government bond yields are still tending to rise at this stage: the 10-year U.S. Treasury remains high at 4,6%, with the 30-year bond exceeding 5%. The yield on the 10-year BTP is 3,83%, lower than that of the French OAT, while the German Bund is over 3%..
Other European stock exchanges and the Nasdaq
Excluding London -0,16%, Today's session was positive for other European stock markets as well.Paris +0,9%, Frankfurt +0,8%, Amsterdam +0,7%. Wall Street is also off to a good start: Dow Jones +0,35%, S&P 500 +0,6%, Nasdaq Composite Index +0,8%, Nasdaq-100 +1,4%. Among the most traded technology stocks overseas, Micron once again appears, rebounding by more than 7% today, as does AMD, while Sandisk does better with +8,7%. Nvidia, on the other hand, drops 1% after the news of the mega-investment. investment in AustraliaGoogle drops 2,5% while Meta gains 1%: Facebook, Instagram and WhatsApp company is building its first data center outside the United States, a 1 gigawatt facility in Alberta, Canada, with an expected cost of around $9 billion. This would be the company's thirty-third data center. The worst performer today is Palantir, which plunges more than 4%.
