In the last session of the first week of June, Artificial Intelligence and in general the news coming from the US markets are still in the spotlight, given that among other things Above-expected US jobs data suggest an upcoming interest rate hike by the Federal Reserve, recently chaired by "Trump-supporting" Kevin Warsh. In May, 172.000 jobs were created in the United States, with unemployment stable at 4,3%. Meanwhile, signs of a sell-off in AI continue on the tech front: at mid-session, the Nasdaq is down more than 2%, the S&P 500 is slightly better at -1,2%, and the Dow Jones -0,3%.
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Among the most traded stocks in terms of volumes, it is certainly worth mentioning the Micron plunges -7%, but also Nvidia which loses more than 4% and Tesla just under 4%.Other stocks also fell: Marvell -9%, Intel -7%, AMD -7%, Qualcomm -7%, Sandisk -6%. Bucking the trend, among the best performing stocks in the Nasdaq-100 grouping, Coca-Cola stands out, up 2,5%. Meta and Microsoft, on the other hand, posted sharp losses, while other traditional big tech stocks saw more limited losses, with Apple even climbing 1%. Bitcoin has been in the spotlight for a few weeks now., which not long ago had well exceeded 80.000 dollars and instead today has sunk by more than 5% to 60.000.
Commodities: Gold and oil prices decline. The euro weakens against the dollar.
Today is a day of deep red for both energy commodities and safe-haven assets. WTI Crude Oil is down 2,5% at $90 a barrel, while Brent crude is down slightly less in percentage terms, hovering around $93 a barrel. Gold is doing worse, falling more than 3% to $4.300 an ounce, with Silver plunges nearly 7% below $70 an ounce, its lowest since late March.European natural gas, on the other hand, remained stable, above 48 euros per megawatt hour. A tough day for the euro, with the US dollar strengthens significantly, bringing the exchange rate to the low 1,15 mark.
Piazza Affari loses 50.000 points. Stm plunges, losing nearly 6%.
In the wake of the struggle in US technology stocks, The Ftse Mib loses 0,56% below 50.000 pointsThe worst performer was Stm (-5,9%), while Prysmian and Stellantis also collapsed, with losses exceeding 3%. Unicredit had a bad day, falling 1,4%, the worst performer among banks. Bucking the trend, however, were Inwit (-3,3%), Italgas (-3%), and Hera (-2%). Outside the main index, Fidia rose from its ashes, jumping 25%. The BTP-Bund spread rose imperceptibly to 76 basis points, with the yield on the 10-year BTP at 3,81%. Other European stock markets are also in the red, with the exception of London: Paris -0,3%, Frankfurt -0,7%..
