While waiting to understand how the situation will evolve trade war between the United States and China, after Beijing dampened enthusiasm for a supposed agreement on the horizon, the bags are looking for new reasons for optimism today quarterly coming out on both sides of the Atlantic. So Wall Street finds the sign further away from the contrasting start, while the European lists They closed cautiously higher, after erasing the morning's losses.
Square Business is the leader, +0,96% (36.808 basis points), thanks to the accounts that are above expectations stm + 5,28% Saipem + 4,36% Eni +2,11%. It's toned Generali, +0,96%, on the day ofassembly won by Mediobanca (+2,33%) and which confirmed the current peaks. The price list is weighed down by the declines in luxury stocks, in the wake of the losses of Kering (-1,75%), which saw sales fall by 14% in the first quarter mainly due to its flagship brand "Gucci". The sector consequently slows down Paris, +0,27%. The progress is timid even in Amsterdam +0,27%, they are flat London e Madrid, while Frankfurt appreciates by 0,676%, although the German government expects zero growth for the current year against a previously estimated increase of 0,3%.
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Wall Street in tune, between tariff chaos and quarterly results
Overseas Wall Street it moves in tune and could close the third consecutive session with progress, despite the fact that the tariff issue remains very confusing and rumours are now circulating about some exemptions for the auto sector. In the negotiations with the various States, Ft reports that the Chinese want the cancellation of all unilateral tariffs to open talks with Washington and that the other news is hoax.
In Europe, however, the German Finance Minister Joerg Kukies He claims that an agreement can be found between the US and the EU within the 90-day period granted by Trump.
Meanwhile, customs duties are primarily a nuisance to Americans and 12 states the stars and stripes have decided to do it cause to the president on its trade measures. Yesterday the Beige Book American in fact highlighted a worsening outlook for the American economy precisely because of the White House tariff plan.
Stocks are falling IBM e Comcast, even though the quarterly results were better than expected. The trend is also negative for the stock Procter & Gamble, which disappointed by showing below-expected quarterly sales and a lower full-year revenue and earnings outlook. magnificent seven instead they have the wind in their sails and that is enough to bring the Bull back to the center of the New York arena. After the markets close, Alphabet (Google) will release its quarterly results, which are currently up 1,6%.
Dollar falls against euro; T-Bonds remain in good shape
The sky is varied on the foreign exchange market dollar. The greenback appreciates against the yen at 142,30, while losing ground against euro, GBP e Swiss francThe single currency gains 0,6% and tries to bring the cross closer to 1,04.
The following, however, are confirmed to be well-tuned: T Bonds, that see rising prices and falling rates. In particular, the 4,317-year Treasury shows a yield of XNUMX%.
Among raw materials, purchases on thegold, which is trading at 3326.47 dollars per ounce (+1,16%), while the Petroleum shows fractional progress towards June 2025 delivery. Brent shows a price of $66,36 per barrel, WTI $61,61 per barrel.
Piazza Affari, banking risk in focus after Generali meeting
In Business Square The stocks of banks involved in the reorganization of the sector moved in a scattered manner today. After the victory of Mediobanca in Generali, now the focus shifts to Ps (+1,36%) and on its offer for Piazzetta Cuccia, which would also bring with it a delicious morsel such as the Leone triestino. Unicredit, who today voted in favor of the losing list of Caltagirone, loses 0,8%, waiting for Bpm bank (+1,19%) will express its opinion today on the voluntary offer to which Piazza Meda is subject.
In the rest of the index, industrial stocks such as Interpump + 3,53% Prysmian + 3,49% Ferrari + 2,61% Stellantis + 2,39%.
The few blue chips in red, along with Unicredit, are the Moncler -0,77% cucinelli -0,18% Finecobank -0,95%.
Declining spreads and rates
Government bonds also closed in green: spread between 10-year BTPs and Bunds of the same duration, it falls to 110 basis points, with the Italian paper having done better than the German one. The yield of the BTP falls to 3,54% against 2,44% of the Bund.
