Le European stock exchanges they close the last session of a weak and volatile week, held in check by missiles that are whizzing ever more threateningly in the skies of the Middle East, despite the faint diplomatic hopes that have been kindled in the last few hours. Today's session was also conditioned by technical deadlines, since it is the third Friday of the month or the day of the four witches.
Milan appreciates by 0,74% to 39.231 basis points, boosted by financial stocks and led by Azimuth (+3,83%), in great shape on rumours of interest from the charming billionaire Andrea Pignataro. According to Bloomberg in fact “Ion”, a company of the Bolognese financier, could enter the capital of Tnb, a digital bank being created by Azimut and Fsi
In the rest of Europe they are in no particular order Frankfurt + 1,37% Paris +0,48% and Madrid + 0,71% London -0,2% and Amsterdam -0,09%.
Overseas Wall Street moves uncertainly at the end of the morning (DJ + 0,37% S & P 500 + 0,1% Nasdaq -0,2%), after a start in tune with expectations of an interest rate cut by the Federal Reserve as early as July, a possibility raised by Christopher Waller, member of the board.
Is Iran willing to deal on uranium?
The hope of new opportunities rekindled risk appetite in the morning diplomatic routes between Tel Aviv and Tehran, after the White House took two weeks to decide whether the United States would go to war alongside Israel and although Netanyahu made it clear: “We will stop Iran’s nuclear program with or without Trump.”
In addition, a meeting is currently underway Summit in Geneva between the foreign ministers of Germany, France, Great Britain and Iran, where the limits of uranium enrichment in the Islamic Republic could be negotiated. The news coming from Switzerland on this point, however, is currently mixed, while the tones remain very high between the warring parties.
Two-speed oil
The guiding star of these days is the Petroleum, as Iran is the world's third largest producer of black gold. After recent gains, the crude oil session looks set to close in the red today, although futures are moving at different speeds.
Il Texan crude, expiring in August, loses 0,19% and shows a price of 73,36 dollars per barrel. The Brent, same maturity, instead loses 3%, to 76,48 dollars per barrel. The price of gas in Amsterdam, under 41 euros per MWh.
On the currency market the dollar is set to close an eighth week in rally, but the euro recovers to above 1,15.
Piazza Affari, banks and Tim doing well
In Piazza Affari, banks have recovered today, starting from Bper + 2,55% Ps +1,94% and Pop from Sondrio +1,82%. Well too Unicredit, +1,6%, after the CEO Andrea Orcel, in an interview with La Repubblica, spoke of a “probable” withdrawal of the offer on Banco Bpm (+0,2%) without clarity on the Golden Power, while saying that the bank will try to do everything to overcome the obstacles.
Money also for Telecom Italy +2,9%, after yesterday's slowdown. Investors seem ready to bet on some news following the shareholders' meeting that will meet next week. The stocks thus update a new 2025 high at 0,4042 euros.
They also stand out among the blue chips Interpump + 2,52 %, Campari +2,32% and Buzzi + 2,06%.
Stellantis appreciates by 0,33%, on the good performance of the European auto sector and on the sales data of hybrids and commercial vehicles. According to Reuters, the Italian-French company is also evaluating the sale of Maserati, an option suggested by McKinsey as part of a strategic analysis.
Realizations penalize utilities: Snam -0,83% Terna -0,9% A2a -0,57%. Slightly loses ground Leonardo -0,21%, while the Italian defense minister Guido Crosetto attacks the Atlantic alliance: "NATO no longer has any reason to exist - he says on the sidelines of a conference in Padua - once the center of the world was the Atlantic Ocean, now it is the world".
Stable spreads
The session on the secondary ends without major shocks, where the spread between the 101-year BTP and its German counterpart it retreats to 3,52 basis points, with yields stable at 2,52% and XNUMX% respectively.
