Interlocutory day on international financial markets, pending Iran's response to the truce proposal by the USThe Nikkei index in Tokyo had roared to the fore at the start of the day, rebounding dramatically by 5,6%. However, the situation then struggled to stabilize in Europe and America, with markets divided: Milan -0,82%, Paris -1,1%, Frankfurt -1%, London -1,4%, Dow Jones -0,2%, S&P 500 +0,1%, Nasdaq Composite Index +0,5%. Today's drivers are twofold: oil continues to fall and ends up below the psychological threshold of 100 dollars a barrel Both with WTI Crude Oil, which has fallen back to as low as $91, and with Brent, which is trading at less than $98 a barrel in the Italian afternoon. And then the other topic of the day is the dollar, which has weakened significantly against the euro, with the exchange rate returning to near 1,18.
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Commodities: Gas prices also fall, silver rebounds, and tea booms.
To complete the picture on raw materials, the value of European natural gas is also falling today, but not as much as oil in percentage terms: At the Amsterdam Stock Exchange, the TTF lost approximately 0,6% and remained above 43 euros per megawatt hour.Instead, watch out for the surge in safe-haven assets like gold and silver, especially the latter which, in one fell swoop, appreciated by 5,5% above $80 an ounce—not far from $82, to be precise. Gold gains less but consolidates around $4.750 per ounce. Among commodities, tea is also worth mentioning. It is produced primarily in Asia, therefore in areas sensitive to the US-Iran conflict, and is transported precisely through the high-risk Straits: in the last month, its value has increased by 22%, and today alone by 16%.
The Nasdaq is almost entirely up, thanks to tech stocks. Bitcoin falls below $80.000.
Essentially, only the Nasdaq is bucking the trend today, gaining about half a percentage point at the time the European stock markets close. Big tech is doing well: Apple +1,3%, Microsoft +1,8%, Tesla +2,7%, Nvidia +1,8%, Meta +1,6%Among the day's gainers, noteworthy are Datadog +29%, Axon +12%, Qualcomm +8,4%, and Palantir +4,4%. Also watch out for Booking +3%, which is betting on peace in the Middle East and the recovery of the tourism and travel sector. However, not everyone is having a good day on Wall Street: Marvell -3,5%, Sandisk -3,7%, Starbucks -1,6%. Bitcoin takes a break after a period of consistent increases: today it loses more than 2%, falling again below the 80.000 dollar mark.
These are quarterly results days at Piazza Affari: after the Campari accounts, Campari is down while Tim is soaring.
Busy days of quarterly results for listed companies Ftse Mib, which nevertheless defends the 49.000 points: last night, with the stock markets closed, among others, the following were released: Telecom Italy e Campari, which coincidentally are today the best and worst performing stocks on the Italian Stock Exchange's main index, with gains of +3,7% and -14,5%. In addition to Campari, whose accounts have been penalized by tariffs and geopolitical tensions, even though the company confirmed its 2026 guidance, energy stocks are suffering on the FTSE MIB: Tenaris -6,7%, Saipem -5,6%, Eni -2,5%, Snam -2,6%. Banks are struggling: Bper -3,3%, Unicredit +0,65%.
Luxury is recovering: Brunello Cucinelli +0,9%, Moncler +1,2%, Ferrari +1%, following the good performance of the benchmark stocks in Paris, namely Hermes +1,8%, Kering +1,5%, LVMH +0,9%. Finally, good news from the BTP-Bund spread, which is now moving away from 80 basis points. to fall back towards 70: today 73, with the yield on the 10-year BTP at 3,74%.
