Artificial Intelligence seems to have found stability again in market sentiment and this pushes Wall Street into a strong rise, especially the technology stock indexes, namely the S&P 500 +0,5% and the Nasdaq Composite which exceeds 1%. A smaller percentage increase but still all-time record for the Dow JonesAlphabet has risen more than 4% since joining the industrial index last Monday. The S&P 500 is about to close. the best quarter in six years, with a 14% advance in the second quarter, the best since 2020.
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Piazza Affari to be Europe's top stock exchange in 2026, with Sandisk and SpaceX shining on the Nasdaq.
In general it is a positive day for all the main financial markets, with very few exceptions: in Asia Tokyo's Nikkei over 2%, Shanghai +0,5%, then Milan which confirms itself as the queen of Europe in 2026 with +1% today, Paris +0,4%, Frankfurt +1,4%, London +0,25%, Madrid +0,4%, Amsterdam +1,3%The driver is always AI and everything connected to it: on the Milan Stock Exchange, Stm is not among the most prominent stocks, but on the Nasdaq, Sandisk is up 7%, Nvidia is up 2%, AMD is up 5%, Apple is up 2,5%, Intel is up 7%, and SpaceX is up 4%. Amazon and Micron are in the red. Bitcoin, on the other hand, is no longer getting anything right and today it ends up below 59.000 dollars., the lowest since September 2024.
Commodities: Oil prices steady. U.S. jobs beat expectations.
In the United States, job postings increased by 9.000 in May, reaching a total of 7,594 million, the highest number since May 2024 and above expectations of 7,30 million, demonstrating the resilience of the labor market despite inflationary pressures related to the conflict in Iran. Wholesale trade drove the increase, creating 71.000 jobs. On the commodities front, oil is now stable around $70 a barrel: today, WTI Crude Oil is slightly below that level, with Brent at $73 a barrel. European natural gas prices rise toward 44 euros per megawatt-hourGold holds the $4.000 an ounce mark, while silver rises to $60.
Spread below 70 points, Avio soars on the FTSE MIB, and Banca Ifis recovers slightly.
In Milan, the best performing stocks in the main basket are Avio +6,7%, Saipem +3,77%, Bper and Unipol with 3%. Among the banks, Unicredit also performed very well, gaining almost 2%.Diasorin -3,1% is clearly in contrast with the trend, while energy in general is suffering: Italgas -1,7%, Tenaris -1,6%, Enel -0,5%. On the day of theDelfin assembly, EssilorLuxottica's share price rises slightly in Paris, +0,3%, while the rest of the luxury sector is sinking: Kering -7%, LVMH -1,7%, Hermes -1%. Returning to Italy, Banca Ifis is recovering only slightly after the steep decline of recent trading sessions: today it is up 4%. The BTP Bund spread falls below 70 basis points, with the 10-year BTP yield at 3,62%. The euro-dollar exchange rate is stable at 1,14.
