The European Stock Exchanges are travelling in a strong upward trend, driven by hi-tech and hopes for a possible turning point in the Middle East after the US president Donald Trump he said that a agreement with Iran it could arrive "maybe already next week“Words that, at least in theory, cool the tensions of the previous day, when the growing conflict between Israel and Hezbollah threatened to derail the peace talks. Axios reports of a heated phone call between the tycoon and the Israeli prime minister Benjamin Netanyahu After Iran announced it was abandoning negotiations with the US because Israel was dramatically expanding its invasion of Lebanon, Trump reportedly called Netanyahu "a fool," telling him that without him, "he'd be in jail," and that because of him, "everyone hates Israel." Following the meeting, formally described as "productive," Israeli Prime Minister Benjamin Netanyahu reportedly withdrew from attacking Beirut. Hezbollah, for its part, reportedly pledged not to attack Israel.
Stock Market: Europe surges, Wall Street futures below par
In this context, Milan is the best market in Europe and at mid-day it recorded a rise of 1,18% to 50.360 points, after having touched a new record of 50.539 points. Frankfurt (+0,96%), while Amsterdam and Paris advance by 0,8% and 0,72% respectively. It also rises Madrid (+0,57%). Slightly more backward London (+ 0,35%)
US stock market futures, however, are trading below par: the Dow Jones is down 0,39%, the S&P is down 0,17%, while the Nasdaq future is down 0,10%, weighed down by profit-taking in technology stocks after the previous day's rally. Nvidia's rally, however, continues, rising pre-market (+1,46%) after the previous day's 6,26%. The company has unveiled a new N1X chip, developed in collaboration with Microsoft, down today.
European technology companies are also making progress: in Germany Infineon advances by 6,6% in the Netherlands Asml earn 1,75%.
Stmicroelectronics in orbit in Milan
In Milan he stands out stm (+10,88%), marking a rise of more than 8% after raising its expectations for data center revenues, now expected to be around $1 billion in 2026, compared to "easily above $500 million" previously forecast. "Revenues could double in 2027," compared to "well above $1 billion" previously forecast, the company specifies. It follows closely behind Prysmian (+2,58%), also active in the data center sector while recovering ground Classic Ferrari for sale (+1,86%), penalized in recent days by the presentation of the "Luce", the first battery-powered model from the Prancing Horse. The initial increase is reduced Stellantis (+0,2%), which confirmed its investment of 1 billion in France to produce electric cars. Purchases on Moncler (+ 1,46%), Lottomatica (+1,36%) and Generali (+ 1,28%), Understanding (+ 1,1%) and Unicredit (+1%) which according to Bloomberg has exceeded 30% of its direct stake in Commerzbank.
Expectations of an agreement between the US and Iran are holding back the defense sector Avio (-2,13%) a Fincantieri (-2%) e Leonardo (-0,67%). Also declining Buzzi (-1,4%) And Unipol (-1%).
The spread drops to 71 basis points
Travels at 71 points the spread between the ten-year German BTP and Bund, down by two points compared to the day before, with the return Italian annual rate fell by 6,4 points to 3,67%, the German rate by 4,3 points to 2,96% and the French rate by 5,6 points to 3,57%.
Oil and gas prices down
Hopes for peace in the Middle East are cooling oil prices. Contracts in the wtf are down 1,1% at 91,17 dollars a barrel and those of Brent 1,2% to $93,79. Also falling is the natural gas traded in Amsterdam (-2,7% to 47,72 euros per megawatt hour). On the foreign exchange market, the dollar is slightly down: the euro/dollar It is at 1,1642 from 1,163 at the previous close. It is rising. their, with the spot contract up 0,9% at $4.526 an ounce and the futures contract up 1,09% at $4.524, after recording its third consecutive monthly decline in May. Finally, the spread narrowed to 71 points, from 74 at the previous close, with the 10-year yield falling to 3,67%.
