The financial event of the week is the long-awaited IPO of SpaceX, Elon Musk's company which is aiming at Space but also and above all at Artificial Intelligence, which is the hype of the moment. SpaceX is ready to go public with a fixed price of $135 per share, with a 30% stake reserved for retail investors. The approaching moment is leading many investors to sell other assets, especially Bitcoin, which in fact fell to its lowest level since October 2024, around $62.000But selling continued today in other AI stocks on the Nasdaq Composite Index, which was down 1,2% at 5:30 PM Italian time today, following yesterday's plunge.
The Nasdaq remains in the red as SpaceX awaits. Risk dominates in Milan.
Among the most traded tech stocks, Micron -2% and Nvidia -2,2% once again appear, but also Sandisk which instead bucked the trend with +3%. All the traditional big tech companies are in the red, from Amazon to Google, especially Tesla, again by Elon Musk, which loses 3%. The worst performer is Qualcomm, which loses more than 5%. The AI sales are also having an impact on the Milan Stock Exchange today, where Stm first attempts a timid rebound after losing 6% yesterday, but then closed down 0,2%. The FTSE MIB closed down almost half a percentage point, but held onto the 50.000 point mark thanks to stocks like Lottomatica, Poste Italiane, and Telecom Italia. The banking game continues to hold sway, but today the two major stocks involved in the current operations are in the red: Unicredit -1,35%, Intesa Sanpaolo -0,9%. The best stock in the basket is Banco Bpm +3,7%.
Commodities: Oil rises, gas hits 50 euros, gold hits lowest since November
The new tensions in the Middle East, with the US attack on Iran last night, have inevitably rekindled oil prices: the increases are not too significant but today Brent is back up to 92-93 dollars a barrel, and WTI Crude Oil is back at 90 dollars. The rebound of the Gas: European TTF gains more than 2% and reaches 50 euros per megawatt hour againThe gold crisis continues, dropping more than 3% today to $4.100 an ounce, its lowest since November 2025. Silver is worth around $64 an ounce: it has lost a quarter of its value in the last monthWatch out for the germanium boom today, which is gaining around 10%.
Spreads widen, US inflation hits its highest level in three years
The color red also prevails on other European price lists: Paris -0,5%, Frankfurt -0,9%, but London +0,27%Amsterdam up 0,7%, Madrid at par. In the US, in addition to the aforementioned Nasdaq, the Dow Jones -1,1% and the S&P 500 -1% are also down. The euro-dollar exchange rate is virtually unchanged at around 1,155, with the European currency still tending to strengthen. The BTP-Bund spread rises, but remains below 80 basis points at 78 (+2,4%), with the yield on our benchmark 10-year BTP at 3,85%. The data on theUS inflation rose above 4% today, the highest figure since April 2023..
