Le European stock exchanges continue to rise, albeit below the morning highs, as investors look to new duties between 10% and 12,5% announced by Washington towards its main trading partners, as part of a new series of trade barriers which, according to the Trump administration, are aimed at combating forced labor and replace the temporary global tariff of 10%. Wall Street Instead, caution prevails after yesterday's negative session, which closed with the Dow Jones with a drop of over 500 points, around 1%, weighed down by the rise in Petroleum and from the weakness of Tesla e A after the quarterly results. Today under observation there is Intel, which delivered better-than-expected results, but did not dispel investors' doubts about the technology sector and the prospects for artificial intelligence.
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Meanwhile, in Middle East, while trying to carry on the mediations between Washington and Tehran with a ceasefire that still seems far away, concerns are added for the attacks of the Yemeni Houthis, supported by Iran, which threaten maritime traffic in the Red Sea. This new scenario fuels fears of supply disruptions from the Middle East, with the isolation of the strait connecting the Red Sea to the Gulf of Aden and the Indian Ocean, Bab al-Mandeb, a major trade hub, especially given the disruption to traffic in the Strait of Hormuz.
I oil prices However, they are retracing after yesterday's surge that pushed Brent futures above $100 a barrel for the first time in two months. European natural gas remains stable.
On the stock, the quarterly season continues to influence the price lists. A Business Square this morning it was the turn of Poste Italiane, which saw a fluctuating start, first down to -1%, then turning positive, and now at par, after having concluded the first half of the year with record revenues of 6,8 billion, up 6% on the year, and standalone guidance confirmed for 2026 and the dividend policy. Poste, which launched the takeover bid for Tim whose deadline is September 11, will present the industrial plan of the new integrated entity in the first quarter of 2027.
At the top of the Milan stock exchange are the banks, with Mediobanca, Banco Bpm, Intesa among the best, while also recovering Unicredit After the slide on the previous day after the results. Oil stocks are at the bottom of the list, in the wake of the correction in crude oil prices after the previous day's rally: down Tenaris ed Eni. Reverses the course and instead takes Amplifon despite the Citi's rating upgrade, which goes from “Neutral” to “Buy”, with a 12-month price target of 16,50 euros.
