Le European stock exchanges they closed decisively fall, confirming a climate of strong risk aversion that has spread globally on I share technological and semiconductorsThe move is linked to profit-taking following the recent rally and growing concerns that AI-related valuations have become overstretched, amid heightened uncertainty about the outlook for U.S. interest rates following the Federal Reserve's latest guidance.
In Europe, the FTSE MIB took the black jersey, closing down 1,46%. Losses are narrowing: Frankfurt -0,76% Paris -0,32% Madrid -0,02%. Slightly decreasing London on the tenth anniversary of the Brexit referendum and the day after the resignation of Prime Minister Keir Starmer. The Middle East is also in the background, at the end of the first round of talks between Iran and the US in Switzerland, with Tehran claims administration of Hormuz and Washington talks about progress on the nuclear front.
File the losses slightly too Wall Street where, beyond the chips, inflation remains under special observation, with the prospect of falling prices in the coming months reopening the front of central banks.
On the Milanese stock market, while the Ftse Mib is fluctuating around 52 thousand points, stm sinks, together with the other stocks in the sector, including Techno probeStrong sales on Prysmian, although the company has been awarded a contract worth approximately €910 million by IPTO for the construction of electricity interconnections in Greece. Deep in the red StellantisAccording to Acea data, in May the company recorded a 2,3% drop in registrations in Europe, compared to a 3,6% drop in the sector. Also down Avio, Buzzi and Italgas which this morning presented the plan to 2032 with investments of 13 billion (+14,6%) and confirmed the 2026 guidance. The banking sector is always under the spotlight, after the board of directors of Ps yesterday he addressed the spin-off of assets linked to the merger with Mediobanca and analysed the developments following the takeover bid launched by Intesa Sanpaolo and the integration proposal promoted by Bpm bank.
It is worth noting the continuing decline in the price of Petroleum, with WTI falling below the $73 threshold and Brent at $76,74. Also down is'gold.
