The financial week begins with the usual script of the latest, that is, focus on the US-Iran negotiations regarding raw materials, and Artificial Intelligence in full swing, with Nasdaq starts strong but then turns redMilan today is burdened by the coupon detachment, but limits the damage by finishing just below 52.800 points and speaking of technology, the Stmicroelectronics title stands out +2%, as well as Nexi +3,3%. At Piazza Affari, however, it was a total flop for Defense.Avio -4,7%, Leonardo -3,75%, Fincantieri -3,7%, and even the luxury sector paid the price with Brunello Cucinelli -3,35% and Moncler -3%, dragged down sharply by the benchmark stocks listed on the Paris Stock Exchange, where Hermes collapsed by almost 6% and LVMH by 3,6%.
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Commodities: US-Iran negotiations send oil prices below $80
The positive signals from the negotiations between the US and Iran lead to a physiological decline in crude oil: today Brent loses 4% to $77 a barrelWTI Crude Oil rose 5% to $73, its lowest since early March. European natural gas fell another half a percentage point and remained below €42 per megawatt-hour, again at levels seen at the end of February/beginning of March. Safe-haven assets saw a small but insignificant surge: Gold returns to $4.200 an ounce, while silver reaches $66. Watch out for lithium, which is down 6% in a single session today.
Fed: Farewell to former Fed Chairman Alan Greenspan. UK government bonds stabilize after Starmer's resignation.
In England the Keir Starmer's resignation and the likely new government led by Andy Burnham ease the pressure on government bonds, which in recent sessions were beginning to price in political uncertainty. Today The 10-year gilt yield remained in the 4,8-4,9% range., with initial upward movements followed by a stabilization. The market's attention is now focused on the new executive and especially on who will lead the Treasury and whether the fiscal discipline rules will be maintained. From the US, however, comes the news of the Former Federal Reserve Chairman Alan Greenspan dies at 100.
Nasdaq plunges, SpaceX plunges 9%. Micron rally after Anthropic deal.
The Nasdaq Composite Index started strong but then lost more than 1%, also dragged down by the decline of SpaceX, which after its record-breaking IPO today fell another 9% to below $170 per share. Micron soars, rising more than 4% after its AI infrastructure deal with AnthropicSandisk also performed well, up 6,3%, while remaining in the Musk galaxy, Tesla was up 2,4% at 17:30 PM Italian time. Among the traditional big names – let's call them that to distinguish them from the new wave of AI – Amazon's collapse is noteworthy, falling more than 4%. Bitcoin shows tentative signs of recovery, reaching $65.000 today..
Other European stock exchanges, the spread and the euro-dollar exchange rate
The exchange rate balance between the euro and the US dollar today smiles on the American currency, which brings the exchange rate to 1,14. The BTP-Bund spread is slightly down at 71 basis points., within a range that has been consolidated for weeks, with the yield on the benchmark 10-year BTP at 3,67%. Other European markets were mixed: Paris -0,25%, Frankfurt +0,66%London +0,77% rebounds after government fall.
