Midweek session still interlocutory on Western financial markets: Wall Street is trying to recover, especially the Nasdaq, driven by the good trend of technology stocks in the aftermath ofmeeting at the White House between President Donald Trump and the CEOs of major artificial intelligence companies, who established that for now the public system trusts the self-regulation mechanisms of private companies. And so the Nasdaq Composite index rose by about 1%: among the most traded stocks, as usual, were Micron +1% and Nvidia +1,5% (both CEOs were at the luncheon in Washington), but also Apple up 2,5% thanks in part to positive expectations for the foldable iPhone DuoCounterpoint estimates around 6 million units will be sold by 2026, a figure that is fueling investor interest in the new product.
Nasdaq tech stocks rose after CEO lunch with Trump at the White House
The rally that started after the historic launch of Starship SpaceX on Monday, which today gained another half a percentage point, returning to $150 a share. Microsoft, Intel, Palantir and Amazon all advance 2%Google is currently down nearly 3%. The best performing stock in the Top 100 basket is Palo Alto, up 4%. Bucking the trend are Tesla, down 1,4% and Meta, down 1%. The Dow Jones is decidedly less inspired, hovering around parity, with Walmart, Visa, and JP Morgan in negative territory. Europe is in the red: Milan, down 0,84%, Frankfurt, down 0,8%, London, down 0,3%, and Paris, down 0,9%. The euro-dollar exchange rate is almost stable at around 1,135Bitcoin appreciates 1% and reaches $84.000. The BTP-Bund spread continues to rise, having already surpassed the 100 basis point threshold yesterday, the highest since spring 2025: the yield on the 10-year BTP exceeds 4,6%.
Government bonds still under pressure, oil returns to $100 a barrel
I government bond yields They are not only affecting the Italian bond market: on the eve of the maneuver, the Oat-Bund spread rose to over 120 basis points, the highest since 2012. The yield on the 10-year US T-Bond also remains very high., above 5,2%. However, what's slowing European stock markets today is primarily inflation data, which has once again exceeded expectations in several Eurozone countries: a picture that brings back to the forefront concerns about price pressures and, consequently, the path of central banks' interest rates. Oil is also on the rise today, with the price rising again after yesterday falling well below the $100 a barrel mark: Brent crude is trading at $99, and WTI crude is above $91. Brent crude is set to close the month with a gain of more than 8%., due to the ongoing uncertainty surrounding negotiations between the United States and Iran.
Tensions continue in the Middle East, but oil supplies are virtually at pre-war levels.
Iranian government spokeswoman Fatemeh Mohajerani said Tehran had received a US proposal regarding the reopening of the Strait of Hormuz, following Iran's presentation of its conditions last week. Despite diplomatic uncertainty, Crude oil supplies from the Middle East have returned to near pre-conflict levelsToday, however, European natural gas also saw a significant price increase, jumping more than 5% to above 73 euros per megawatt-hour. Gold and silver are weak, however.: the first falls to around 4.155 dollars an ounce, the second is barely defending the 60 dollars an ounce, devaluing by almost 2% at the moment.
Here are the best and worst performers on the Milan Stock Exchange. Danieli is still in the red.
Piazza Affari closed at 51.371 points, weighed down by the further decline of Telecom Italia -2,6% while it is starting integration with Poste Italiane after the takeover bid. With a couple of exceptions, It's a rather negative session for financial stocks tooBanco BPM -2%, Generali -1,75%, Intesa Sanpaolo -1,6%, MPS -1,4%, Unipol -1,36%. Eni -1,11%: the market is starting to price in the risk of further energy price action. Technoprobe, on the other hand, continues its flight, gaining a further 2,17% today. At 33 euros per share. Amplifon +1,17%, Poste Italiane +1%, Campari +2%. Among banks, the best performer was Banca Mediolanum +1,74%. Outside the main benchmark, Danieli lost another 1,4%, falling below 50 euros per share.
