It's with the quarterly that l 'Europe is trying today to defend itself both from the sell-off in tech and from the new escalation in the Middle East, while waiting for the news that will arrive from the Fed this eveningMilan erases losses, Frankfurt goes green, Paris goes red and Amsterdam, penalized by exposure to chip stocks. The worst performer is Madrid, weighed down by the collapse of Caixabank despite the rising quarterly figures.
The pressure on semiconductors is being felt especially in Wall Street and Asia: Tuesday the Nasdaq-100 lost almost one percentage point (-0,98%) while Dow Jones e S & P500 closed the session in positive territory. In Asia, another passionate session for the Kospi index, which lost as much as 13% during the session, dragged down by semiconductor stocks, more than halving its losses in the second half of the day, while SK Hynix's expected quarterly results disappointed the market with the title losing as much as 20% (only to then halve the fall).
READ MORE The Kospi crashes again: has the tech bubble burst? di G. Bruschi
Today we will have to follow the first quarterly results of Magnificent Seven, Microsoft and Meta and, above all, the market's reactions to the numbers that will be presented by the tech giants. The other market mover of the day, as we said, is certainly the Fed, not so much for the decision on rates – expected to remain unchanged – but for the reading that the board led by Kevin Warsh It will determine the economic performance. The international context remains very fragile, with an unexpected resumption of hostilities in the Middle East overnight (Iran's surprise attack on US bases, the blockade of three oil tankers, and American strikes that also hit Iraq) jeopardizing talks and pushing oil prices higher.
Piazza Affari is also led by the numerous quarterly coming soon: Eni It rose to the top of the list after doubling its second-quarter earnings and revising its guidance upward, announcing a decision on its extraordinary dividend in October. Little movement. Intesa Sanpaolo after the record results of the first half of the year, with a profit of 5,6 billion and a 2026 target revised upwards, while General Bank records profit-taking after the best half-year in its history. Terna Instead, it is moving in negative territory despite a solid half-year result, with growing revenues and margins, and investments over 1,5 billion.
Purchases also reward Stellantis e Moncler in a positive context for the luxury sector. After a difficult start, it recovers stm which limits losses while it gets worse Lottomatica.
On the currency euro/dollar on stand-by waiting for the Fed. Recovering yen, which still remains near 40-year lows against the greenback.
