Le European stock exchanges continue to move into positive territory, supported by the good session of Wall Street and from Asian markets rally. Milan The FTSE MIB rose by 0,48%, approaching the 54 point threshold. Frankfurt earn 0,37%, Paris 0,13%, Madrid 0,55% and Amsterdam 0,25%.
What is supporting the market is above all the return of interest in the technology sector and throughout the universe connected to theartificial intelligenceThe data on theUS inflation in July, up 0,2% on a monthly basis, in line with expectations, together with signs of a cooling of the labour market, leaves more room for Federal Reserveto maintain a cautious stance on rates. This environment is helping to rekindle risk appetite after the correction that hit AI stocks at the end of July.
The euphoria on tech is also confirmed by the strong recovery of semiconductorsPhiladelphia's index has risen more than 18% from its late July lows, while in Asia the Kospi has recovered about 22%, supported above all by Samsung Electronics e Sk HynixThe market thus continues to focus on stocks related to the hardware needed to fuel the growth of artificial intelligence, from chips to memory to data center infrastructure.
Anthropic's IPO could exceed $2.000 trillion
Expectations remain high for the artificial intelligence sector, also due to rumors about Anthropic's IPO. According to the Financial Times, Investors are predicting a valuation of at least $2.000 trillion by October, making it one of the largest launches ever. The company hasn't yet set the figure, but investors' estimates support it, predicting revenues between $100 and $120 billion in 2026.
Asia rallying, Kospi jumps 4,1%.
Optimism about artificial intelligence also boosted Asian markets. South Korea's Kospi jumped 4,10%, while Tokyo's Nikkei closed up 1,16% at 68.308,59, buoyed primarily by technology and semiconductor stocks, followed by the banking sector. US inflation data also supported buying, coming in line with expectations and reducing pressure on the Fed to raise rates in the short term. China also performed well, with Shanghai up 0,5% and Hong Kong up 0,3%. On the macroeconomic front, the Bank of Japan reported that producer prices rose 7,2% year-on-year in July, a slight slowdown from the revised 7,3% in June.
Piazza Affari, Nexi leads the way. Eyes on banks and industrial stocks.
A Business Square è nexi to stand out, with the stock up by 1,74%, after the rumours according to which CDP could increase his own Participation by 19,6% up to 29,9%. According to what reported by MF, The positions built by Mediobanca and JP Morgan in recent weeks are thought to be linked to hedges of derivative contracts signed by CDP, as part of a possible strengthening of their stake.
It also stays warm bank risk, with Unicredit up 1,04% and still near long-term highs. According to rumors Reuters, the ECB would be preliminarily oriented not to oppose the acquisition of CommerzbankThe operation is, however, considered complex and lengthy, while the German authorities are demanding guarantees regarding internal controls and governance. Good news also Ps (+1,01%), while B for Bank moves up by 0,7%. The political debate on the League's proposals regarding the sector also remains taxation of excess banking profits, with Deputy Prime Minister Antonio Tajani opposed to measures considered punitive for the institutions.
The euphoria for the tech and semiconductor sectors is not contagious, however. stmicroelectronics, down 0,67%, bucking the rally in technology stocks on major international markets. Oil stocks also remained sluggish, penalized by the slight decline in crude oil prices. Eni loses 0,75%, Tenaris 0,17%. Sales also in utilities, with Terna (-0,16%), Italgas (-0,16%), Enel (-0,13%) And Snam (-0,07%) in negative territory.
Among other titles, Saipem earns about 1% after signing with Sonatrach of an agreement for the first phase of the Integrated Phosphate Project in Algeria, worth approximately 500 million euros, and after the awarding of an offshore contract in the Middle East worth approximately 1,8 billion dollars. Eyes also on Prysmian, which will invest over $1 billion in three U.S. plants, located in North Carolina, South Carolina, and Tennessee, to increase production capacity in the American market. The stock, however, remains influenced by analysts' ratings, with Bernstein downgrading its rating to Market Perform and setting a target price of €145.
Poste Italiane rises by 1,22%, despite UBS slightly reducing its target price to 31 euros. Amplifon has instead completed the sale of its business in India to Hearzap. Finally, the spotlight is on Techno probe, in view of the entry into the Ftse Mib expected in September.
The other markets
On the commodity market the Brent remains close to $89 a barrel, while the wtf is trading just below $83. Investors continue to monitor negotiations on the possible reopening of the Strait of Hormuz. However, it remains above $4.400 an ounce, close to the highs of recent weeks.
Lo spread The spread between 10-year BTPs and Bunds falls to around 77 basis points, while the yield on the 10-year BTP remains at 3,93%. Attention now turns to the US producer price data for July, due at 2:30 PM Italian time: an important indicator for understanding the Fed's next moves and, above all, expectations for September rates.
