Le European stock exchanges They slow down and turn all their attention towards Beijing, waiting for the meeting between the American president, Donald Trump, and the Chinese counterpart, Xi Jiping. The summit will also be attended by several American CEOs, including Jensen Huang, the founder of Nvidia. Also in the spotlight: the stalemate between the US and Iran, with the Strait of Hormuz still closed.
Prices are slightly decreasing Petroleum – Brent is in the 107 dollar area and WTI is changing hands at 101 dollars a barrel – after the alarm raised by theAie, the International Energy Agency (IEA) in its recently published monthly oil market report. "Global oil demand will contract by 420.000 barrels per day (bpd) year-on-year in 2026, reaching 104 million bpd, 1,3 million bpd lower than our pre-war forecast," but "global oil supply will fall short of total demand this year" with the war with Iran devastating oil production in the Middle East. Furthermore, "more than ten weeks into the Middle East war, mounting supply losses from the Strait of Hormuz are depleting global oil supplies at a record pace.”
In this context, Frankfurt It is the best square, closely followed by Amsterdam and Milan. Below parity Paris and MadridStable London, waiting to see what the fate of Prime Minister Keir Starmer will be. In the US, the Dow Jones is down in the early trading hours, the S&P 500 is just below par, and the Nasdaq is gaining a lot after yesterday's sell-off.
Milan stock market is running stmicroelectronics, after the slide on the eve of the session together with the semiconductor stocks, which however had soared in the previous sessions. On the shields Recorded, in evidence Prysmian and Saipem. Below Lottomatica, Nexi, and Leonardo. Weak Snam, after the quarterly report.
On the foreign exchange front, the euro is stable at 1,1720 dollars (from 1,172 yesterday at the close). gas stands at over 46 euros per megawatt hour.
