Le European stock exchanges regain momentum after an uncertain start and return to positive territory, supported by the season of quarterly and from the slowing down of the race of the PetroleumAttention remains high on tensions in the Middle East, while the markets digest the indications coming from the Federal Reserve, which did not change rates but showed internal divisions, in a context still marked by doubts about inflation and growth. Even the Bank of England, as expected, left rates unchanged at 3,75%.
The sentiment is also supported by futures of Wall Street, on the rise. Meanwhile, the race of the Big Tech accounts, with mixed results: ecosystem exceeded expectations, while Meta disappointed the market.
READ MORE The earnings and the Fed don't indicate a direction. Expectations remain for Apple and Amazon. di G. Bruschi
In Europe, purchases prevail: Madrid, Paris e London on the rise, while Milan e Frankfurt They remain slightly behind. A mixed session in Asia: Tokyo closed up 0,71% thanks to tech and semiconductor stocks, while Alone falls by 1,23%. Samsung Electronics, after jumping as much as 8,4% on optimism about artificial intelligence-related chips, ended the day down 0,7% despite record numbers.
In Milan, the script of the day is written by the quarterly reports. Stellantis slips to the bottom of the main index: the group has returned to profit, supported above all by the improvement in North America, but the market does not reward the numbers and looks cautiously at future prospects. The day of completely different tone Campari, which rose thanks to better-than-expected results and the increase in EBIT margin guidance. Also doing well nexi e Buzzi after the respective quarterly reports. However, it is not enough to support Prysmian A record quarterly result with upwardly revised targets: according to CEO Massimo Battaini, the stock is suffering from profit-taking after the strong rally of recent months. Also in the spotlight Banca Mediolanum e A2a, both rising after the half-year results.
Among the stocks under observation also Fineco, which closed the first half of the year with a net profit from continuing operations up 8% to 343,3 million euros and revenues up 10% to 713,8 million. Tim, slightly up, closed the first six months of the year with revenues up 2% to 6,8 billion and EBITDA after lease up 1,2% to 1,8 billion, supported by the acceleration of profitability in the second quarter and the return to profit.
Off the main list, spotlight on Brembo, which raised its forecast for 2026 after better-than-expected quarterly results, while Pirelli confirmed its full-year targets with a half-year profit up 13,3% to 299 million euros. Movement was also seen in the construction sector, with Webuild which launched a takeover bid for Trevi, offering 4,50 euros per share.
On the raw materials front, the Petroleum slows down its run: with WTI at 84,6 dollars a barrel and Brent below 91 dollars. The decline in gas natural gas, which drops 3% and falls below 60 euros per megawatt hour. Yields on the bond market are falling, with the 10-year BTP returning below 4% and the spread BTP-Bund down 82 basis points. The spread also recovered slightly.'EUR, which rises to $1,1471.
