The financial week It immediately offers many ideas to Piazza Affari, where some companies are in the spotlight in the coupon ex-date and the membership period for the has also officially started today.Poste Italiane takeover bid for Telecom Italia, which will conclude on September 11. "It is not just a financial operation but a long-term industrial project," Pietro Labriola, CEO of Telecom Italia, wrote to employees. Tim shares closed down 2,36%, while Poste Italiane fell 0,9%.As for dividends, today's big winner is Enel, which is almost at par, as is the FTSE MIB index, which closes at -0,04%, just below 52.000 points.
The best and worst performers on the Milan Stock Exchange and the spread
In Milan the best title is Moncler +3,24%, awaiting half-year results which will be submitted to the Board of Directors for approval the day after tomorrow. For the 2027 financial year, analysts expect revenue of €3,508 billion (+7,2%), a reported EBIT of €1,037 billion (29,5% margin), and net profit of €706 million (20,1% net margin). Amplifon, Saipem, Nexi, and STM also performed well, with gains above 2%. In addition to Telecom Italia, Avio -2,8%, Inwit -1,7%, and Azimut -1,7% were in the red. Banks performed well overall: Intesa Sanpaolo +0,9% and MPS +0,7% were the best performers. The BTP-Bund spread is currently stable, still above the 80 basis point threshold, at 83 points, with yield on the benchmark 10-year BTP nearing 4%.
Other European stock markets: London KO after Burnham's appointment
Looking outside Italy, three main drivers seem to be the day's drivers: the glimmers of peace between the US and Iran are causing the price of oil to drop, although not by much; Artificial Intelligence appears in the mood and supports semiconductor and related stocks; Andy Burnham's inauguration, the UK's first Catholic prime minister in five centuries, brings down the London Stock Exchange, which is the worst in Europe with -0,5%. The social policies announced by the new British Prime Minister do not make the markets smile, nor the world champion title Madrid's soccer stock exchange avoided a mediocre session. Frankfurt was up 0,1%, Paris was at par.
Commodities: Gas prices at 60 euros, gold and silver weak
Oil, as we were saying. Today, both Brent and WTI Crude Oil are firmly above the $80 a barrel threshold, but are losing ground to $87-$88 and $82, respectively. European natural gas is exploding instead, which sees 60 euros per megawatt hour, the highest since the end of March, in the wake of growing fears of serious supply disruptions Following the escalation of hostilities between the United States and Iran over the weekend. On Sunday, the United States Central Command announced it had conducted a new series of strikes against Iran for the ninth consecutive night, while Kuwait and Bahrain reported Iranian attacks. The conflict has spread beyond military targets, involving bridges, public infrastructure, and port facilities: maritime traffic through the Strait of Hormuz has virtually come to a halt. Gold is trying to defend $4.000 an ounce, while silver plummets below $57.
Nasdaq starts the week strong with AI stocks
Wall Street is off to a strong start: the Nasdaq Composite Index is up half a percentage point, the Nasdaq-100 is up 0,8%, the S&P 500 is up 0,2%, and the Dow Jones is in negative territory. The spotlight, as always, is on AI. Micron +3,4%, Sandisk +4,5%, AMD +2,5%, Marvell +5,5%, Intel +3,4%Traditional big tech stocks, on the other hand, are performing poorly: Microsoft and Amazon are gaining more than 1%, but Apple is down 2,6% at the time European markets close. SpaceX is down 1%. Netflix -1,6% after last Thursday's quarterly results which showed revenues below analysts' expectations. Bitcoin hits $65.000 while the US dollar strengthens against the euro, bringing the exchange rate to the low 1,14.
