Le European stock exchanges close in positive territory, driven by a climate of confidence fueled from the trade agreement between the United States and Japan, which provides for tariffs reduced to 15% on some Japanese imports, including cars. The news has fueled hopes of a possible dialogue with Europe, although no concrete developments have yet emerged on the Brussels-Washington front ahead of the August XNUMX deadline.
After a sprint start, Milan slows down but remains among the best (+1,33%), supported above all by banking and auto sector stocks.
READ MORE Stocks are booming today: a deal on tariffs for Japan was reached overnight. by G. Bruschi
At Piazza Affari, the spotlight is on Unicredit, in rally after semi-annual accounts higher than expected (net profit of 6,1 billion euros), the improvement of the 2025 guidance and above all the withdrawal of the Ops su Bpm bank (in sharp decline). The renunciation now leaves more room for maneuver to Piazza Meda, which could evaluate new strategic scenarios, including a possible alliance with Crédit Agricole. Also on the rise Ps, where the presence of Giorgio Girondi (Ufi Filters) stands out with a 3% share, while attention continues on the banking risk linked to the takeover bid on Mediobanca, also in progress.
Among the industrialists, Stellantis benefits from Renault's positive data and the possibility of more favorable tariffs on the Japanese market. Also doing well Iveco, supported by the better-than-expected results of the US company Paccar and the confirmation of sales volume targets.
Leonardo remains in the spotlight after the German government approved the supply of 40 Eurofighter Typhoon jets to TürkiyeThe consortium that produces them also involves Italy. Good also Pirelli e Poste Italiane, the latter favored by the increase in the target price by Mediobanca and Berenberg after the publication of the quarterly results. In contrast stm, penalized by disappointing forecasts from Texas Instruments, which reported weak demand for analog chips and highlighted the difficulties caused by tariffs and geopolitical uncertainty.
Stable it spread BTP-Bund, at 86 basis points, at the lowest level in over 15 years, with the yield on the Italian 3,46-year bond at XNUMX%. Operators are still waiting for the meeting of the ECB tomorrow, from which no news is expected on rates, the first cut of which is expected in September.
On the foreign exchange market, theeuro It is stable against the dollar, above 1,17, and is strengthening against the yen. Petroleum slightly decreasing, as well as the gas natural in Amsterdam (above 33 euros/MWh).
