Stock markets are positive today and government bonds have stabilized after an unexpected slowdown in US inflation has dampened expectations of interest rate hikes. The ongoing tensions in the Middle East have been set aside in favor of renewed enthusiasm for the technology sector. While Sk Hynix e Samsung shine at Kospi, in Europe Asml showed solid results above expectations.
Trump reconsiders 20% tariff and explores trade deals
War activities in the Persian Gulf continued tonight and oil remained in the $85 area. The US military conducted a fourth night of attacks against Iran after Trump reinstated the naval blockade against Iranian ships. Jordan, Bahrain and Kuwait they were again attached today after Iran vowed to continue retaliating against U.S. military bases, shattering the interim ceasefire. Trump has again threatened di hit Iranian power plants and bridges if Tehran does not return to negotiations to end the war. Trump also said that the 20% tax which he had proposed for the transit of ships through the Strait of Hormuz can be replaced by trade agreements with the Gulf states. The Iranian Islamic Revolutionary Guard Corps he threatened to close “all other export corridors which benefit the United States and its allies,” Iranian media reported.
Wall Street rose yesterday thanks to slowing inflation and solid data from major banks. Switch is considering an IPO. All eyes are on PayPal.
Yesterday a Wall Street The S&P 500 and Nasdaq advanced on the back of solid results from major banks and a lower-than-expected inflation report that put the Middle East tensions to rest. A rebound in chip stocks helped the Nasdaq took the lead with a +0,90%, while S & P 500 closed with a +0,38% and the Dow Jones with only a +0,02%. The most penalized among the tech companies was IBM, which fell 25,2% after the company warned that second-quarter revenue would fall short of estimates.
According to some sources, Switch, a Las Vegas-based data center company, is turning to banks to schedule a Ipo who could evaluate it fup to 80 billion dollarsThe IPO would rank among the largest US stock market debuts in recent years, underscoring investor interest in companies benefiting from the growing demand for AI infrastructure. The US IPO market has seen a resurgence this year, driven by a series of large technology and AI-related listings, including SpaceX, the largest public offering in history, and potential debuts from Anthropic and OpenAI. According to Dealogic data, US IPO proceeds have reached $155,5 billion so far this year, the fastest pace since 2021.
The payment company Stripe and the private equity firm Advent International have submitted a joint offer to acquire Paypal holdings for $60,50 per share, in a deal that would value the payments company at more than $53 billion, according to two sources. The offer, submitted earlier this month, is backed by approximately $50 billion in bank-backed financing and represents a premium of approximately 28% over PayPal's closing share price yesterday.
The index of the consumer prices The Labor Department's data showed that inflation slowed more than expected in June, primarily due to easing energy price pressures. U.S. Federal Reserve Chairman Kevin Warsh gave his first congressional testimony, partly to outline the central bank's plan to contain inflationary pressures. Following the data's release, financial markets expected an 83,4% probability that the Fed would keep its benchmark interest rate unchanged at the end of its July monetary policy meeting, up from 58,3% on Monday. According to the CME's FedWatch tool, markets expect at least a 25 basis point rate hike by the end of the year.
La quarterly season of the second quarter began with five major U.S. banks which they reported solid results supported by the strength of trading activities and mergers and acquisitions. Goldman Sachs jumped 9% after beating second-quarter profit expectations, as accelerating mergers and acquisitions activity and geopolitical uncertainties boosted the trading sector. JPMorgan Chase and Bank of America gained 2,5% and 1,9% respectively, after posting earnings that beat expectations. Citigroup fell 5,3% as spending concerns overshadowed positive results, while Wells Fargo fell by 2,7%.
Quarterly results expected today of the financial giant Morgan Stanley, the healthcare giant Johnson & Johnson, the leader in asset management BlackRock and the airline United Continental.
Asia gains ground thanks to the Kospi's rebound. China's economy slows.
Asia Pacific stocks are rising, led by the Kospi's rebound. The MSCI Asia Pacific Index is up 1,7%, following Wall Street's positive session.
In Seoul the index Kospi is up 7% as analysts point to the strength of the tech sector due to the severe shortage of chip supply compared to the strong demand. Shares of SK Hynix In Seoul, they jumped nearly 13%, before later reducing their gain to 10%, following the positive trend of Wall Street-listed stocks. The rally also pushed up other South Korean semiconductor stocks, including the equipment manufacturer Hanmi Semiconductor which gained about 27%. Samsung Electronics, up about 7 percent, is considering building a new Dram factory in Giheung, South Korea, the company said. Korea Economic Daily. Tens of trillions of won could be invested in the project. The area was originally earmarked for a research and development center, and the rezoning is being interpreted as a response to the increased demand for memory chips, fueled by the boom in investment in artificial intelligence infrastructure. Samsung Electronics is also considering issuing ADRs on Wall Street, following the example of SK Hypex.
In China Hong Kong's Hang Seng Index is up 1,5%. Shanghai and Shenzhen's CSI 300 is down 0,1%. Taipei's Taiex is up 2%. Chinese semiconductor stocks are falling in anticipation of theCxmt's record-breaking IPO. The company, known as ChangXin Memory Technologies Inc., priced its offering on Shanghai's STAR Board chip market at 8,66 yuan per share, according to a document filed Tuesday. The offering comprises 6,69 billion shares, or 7,69 billion shares including the over-allotment option. Upon reaching the cap, the IPO will raise 66,6 billion yuan ($9,8 billion), roughly double the previous estimate.economy in China slowed in the second quarter of 2026, growing by 4,3% on an annual basis, against the +5% recorded in the first three months of the year and below market expectations, which indicated an expansion of 4,5%. This was announced by the National Bureau of Statistics (NBS) of China. retail sales They returned to growth in June 2026, marking a 1% increase year-on-year after a 0,6% decline in May. This figure exceeded analysts' expectations, which had forecast a 0,1% decline.
In Japan the index Nikkei The Tokyo Stock Exchange is up 1,3%. The yen is little changed at 162,1 to the dollar. Government bonds are strengthening: the yield on the 10-year bond is at 2,68% from 2,72% yesterday. India. BSE Sensex of Mumbai, + 0,6%.
European stock markets opened little changed. At the Milan Stock Exchange, eyes were on TIM, Poste Italiane, STM, and luxury goods.
European stock markets are expected to open little changed.
Asml, the world's largest supplier of equipment used to manufacture computer chips, today reported second-quarter revenue and profit that beat expectations, as demand from AI chipmakers offset sales uncertainty in China. Revenue for the three months ended June 30 was €9,33 billion ($10,90 billion), compared to the €8,80 billion expected by analysts, according to LSEG's median estimate. Net income was €2,92 billion, compared to the €2,62 billion expected. The Dutch company is the only manufacturer of extreme ultraviolet (EUV) lithography, which is needed to make cutting-edge chips. Customers include TSMC, Samsung, SK Hynix, and Micron, which are racing to increase capacity to meet AI-related demand. This could impact stm.
Mps Bank Tomorrow, the Board of Directors may respond to Intesa Sanpaolo's proposal by requesting an increase in the offer price, Il Giornale reports. At the same time, Banco BPM may be asked to further elaborate on its proposal.
Hera – It has acquired 70% of Kronos Polymer Polska, a company that will own a plant for the selection, grinding, and washing of polyethylene with a production capacity of 12.000 tons per year.
Brunello Cucinelli/MonclerRichemont recorded sales growth of +20% versus an estimated +11,2% thanks to jewelry.
TenarisGoldman Sachs raises its target from 26,6 to 26,9 euros.
InwitThe Milan court rejected the company's request to urgently suspend the withdrawal of Fastweb, Swisscom's Italian subsidiary, from a telecommunication tower lease.
Unicredit and Isybank Intesa Sanpaolo's banks are among the 36 payment service providers selected by the ECB, from over 50 applicants from across the eurozone, to participate in the digital euro project.
Bff BankThe Bank of Italy confirmed its unfavorable assessment and the accounting findings outlined in its ruling of March 28. Via Nazionale had identified critical issues related to the factoring and lending sectors and the prudential classification of loans. The report highlighted the need for additional credit adjustments, attributable to invoices prior to 2016, resulting in a reduction of €17 million in Common Equity Tier 1 capital, with an impact on the CET1 ratio, partially offset by a €25 million reduction in risk-weighted assets.
Tim-PosteYesterday, the Bank of Italy granted pre-emptive authorization for the indirect acquisition, through TIM, of a qualifying stake in TimFin, should Poste Italiane's takeover bid for the telecommunications giant's shares be successful.
Prysmian. Jefferies confirmed its buy rating and price target of €178.
Getting veryMorgan Stanley raised its target price from 19,5 to 21 euros, but confirmed its negative underweight rating.
