The braking of American President Donald Trump on a possible attack on Iran has given a breath of fresh air to the European markets, even if the price lists remain divided in view of possible geopolitical developments. Meanwhile, European leaders confirm their willingness to defend Greenland from pressure from the White House.
Milan e Amsterdam are confirmed among the best squares in Europe, driven by the technology stocks thanks to accounts higher than the Taiwanese giant's expectations Tsmc and China's announcement to increase its refinancing program to support technological innovation by 400 billion yuan ($57,4 billion), bringing it to 1.200 trillion. Weaker Frankfurt, Paris, and Madrid. London moves positively thanks to stronger-than-expected economic data. Wall Street moves upwards after two days of decline.
READ MORE Oil, gold, and silver retrace as Trump allays Iran fears
European macroeconomic data confirm moderate growth: the industrial production remains stable compared to the previous month and marks an increase on an annual basis, highlighting the resilience of production activity despite global uncertainties. In United StatesHowever, the latest data do not change expectations of a rate cut by the Fed, and today operators' attention is focused on unemployment benefits, which fell by 9.000 units in the week ending January 10, on the Philadelphia Fed index, which fell to 12,6 points, and on import prices, which rose by 0,4% in November against the expected 0,2% drop. The interest season continues. quarterly of the US big names: Blackrock closed the quarter with a profit that rose to $2,18 billion, thanks to strong flows into exchange-traded funds and demand for low-cost index products, while Morgan Stanley recorded a record of 16,9 billion (+26%).
On the Milan stock exchange, among the blue chips, the following stand out: Prysmian, supported by analysts' positive assessments in view of the 2025 results, Telecom Italy e stm driven by TSMC's financials and a better-than-expected 2026 guidance, thanks to AI. Oil stocks fell after crude oil's first decline in six sessions, with Eni e Saipem down. Among the banks, Unicredit remains in the spotlight after having defined as "speculative and unjustified" the rumours about an interest in Delfin's share in Ps, which is losing ground. Luxury is suffering after the failure of Saks, with Moncler e cucinelli at the bottom of the price list.
On the foreign exchange market, theeuro fell slightly to $1,1632 after Trump told Reuters he had no intention of firing Jerome Powell, despite the Justice Department threatening the central banker with a criminal investigation. Petroleum gives ground in a calmer geopolitical climate, together with e silverthat spread The spread between the 10-year BTP and the German Bund remains close to its lowest level since 2009, at 63 basis points.
