It's a very positive Thursday for the financial markets, reinvigorated by the huge recovery in chip-related stocks, after i accounts published yesterday by Microsoft and Meta which therefore seem to have reassured investors about the prospects of AI. In the aftermath of the quarterly results, among the best stocks on the Nasdaq there is precisely Microsoft soars at +16%, trailing Micron +15%, Sandisk +22% and Nvidia +2%, while Meta, whose balance sheet was evidently less convincing, fell 9% after already losing significantly in yesterday's after-hours trading. The best-performing stock on the Nasdaq-100, for the second day in a row, is Nebius, which is nearly +30%.
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The Nasdaq soars on the chip wave. European stock markets gain.
Not many stocks bucked the trend. In the chip sector, in addition to Meta Qualcomm -3,7%, it is worth mentioning The tourism sector falls with Booking -4,7%, Marriott Hotels -2,3%, Airbnb -2%The worst performer in the Nasdaq-100 basket is pharmaceutical company Alnylam, down 28%. However, the index is up almost 3%, and the Nasdaq Composite is up 2% as of 5:00 PM Italian time. The Dow Jones is also doing well, up 0,5%, led by Salesforce, Chevron, and Walmart. All European stocks are up, except London: Milan +1,3% returns to 52.000 points, Paris +0,9%, London -0,1%, Frankfurt +0,45%, Amsterdam +1%The Euro Stoxx 50 index rose by 1,35%.
Adidas sees double-digit decline in Frankfurt: here's why
On the German Dax, it is worth noting the fall of Adidas -11,5%, which for a few hours was recording the biggest intraday drop since its IPO in 1995 with -19% But then it recovered in the final minutes, after profits fell short of expectations. The sports brand was weighed down by the huge marketing investments for the World Cup, where it sponsored 14 national teams, including the finalists Spain and ArgentinaIn terms of revenue, the effort has paid off: the company sold four times as many official shirts and double the number of footballs compared to the previous World Cup, with total tournament revenue of around 1,5 billion euros. But this was not enough for the market, as the operating profit projection for the year remained around 2,3 billion euros, below the 2,5 billion forecast.
Oil prices fall slightly despite US-Iran tensions
Another major theme of the day is oil, which is back below $90 a barrel after rising nearly 8% the day before, following renewed US military action against Iran. President Donald Trump has promised retaliation after an Iranian attack against a U.S. military base in Jordan, fueling fears that the conflict could prolong and further threaten energy supplies from the Persian Gulf. The escalation has also increased risks to maritime transport through the Red Sea, a crucial trade route. WTI crude oil falls to $84 a barrel, while European natural gas is around €58 per megawatt-hour. Small jolt for gold and silver, which rise respectively to close to 4.100 dollars an ounce and above 58 dollars.
At Piazza Affari, the Stm rebounds. A shower of quarterly reports
The Milan Stock Exchange is in the midst of earnings season: Stellantis, Hera, Cdp, Ferrari, and Finecobank released their results today, and Leonardo and Enel are expected after the close. The best stock, in the wake of AI in America, is Stm with +6,35%, followed by Prysmian +4,5%, Azimut +3,9%, Saipem +3,7%. Banks are also in great shape: Unicredit +2,4%, Banco Bpm +2,4%, Bper +2,2%, Banca Mediolanum +2% are the best performers. The worst performing stock, however, despite the accounts that have confirmed the return to profit, is Stellantis -4,3%.
Pharma stocks performed poorly due to profit-taking on Amplifon (-3,1%) and Diasorin (-2,7%)., stocks that were the main gainers in yesterday's session. The euro made a strong recovery against the US dollar, bringing the exchange rate back to 1,15. Bitcoin also rose, increasing its value by more than 1%, approaching $65.000 again. The Btp Bund spread was almost stable around 83 basis points, with the yield on the benchmark 10-year BTP rising dangerously close to 4%.
