Mixed day for global markets after the 25 basis point cut by the ECB, which was widely expected by analysts. They are currently at 2% for the deposit rate, 2,15% for the main refinancing rate and 2,40% for the marginal lending facility rate.
Frankfurt has trimmed its growth and inflation forecasts for 2025-2026, while the president Christine Lagarde He hinted that “we are reaching the end of a monetary policy cycle,” opening the possibility of a pause in rate cuts.
Square Business and the best in Europe, the Fste Mib closed up 0,74% at 40.379 points, followed by Madrid (+ 0,66%). Frankfurt turns green at the last (+0,2%), London cashes in +0,11%. Weak Paris (-0,13%).
However, trade tensions between the United States and China remain in the spotlight. call between Donald Trump and Xi Jinping — defined by the tycoon as “very positive” and lasting an hour and a half — which Wall Street Rekindled (DJ +0,31%, S&P +0,45%, Nasdaq +0,69%), despite weak employment data: only 37.000 new jobs in May in the private sector and claims for unemployment benefits at an eight-month high.
Read EVEN Stocks awaiting ECB and tariff negotiations
Banks are shining at Piazza Affari, Leonardo (+ 3,09%) and Buzzi (+2,83%). On the other hand, decreasing Campari (-4,67%) and luxury stocks: Moncler loses 2,98%, followed by Brunello cucinelli (-2,68%). stm stable after the previous day's rush, while rumours are growing about Caltagirone close to 10% of Mediobanca, with Ps (+3,18%) which is carefully observed. Good Pop Sondrio (+ 2,97%) and Bper (+ 2,30%).
Lo spread Btp-Bund remains below 100 basis points, at 96, with the yield on the Italian 3,55-year bond at XNUMX%.
On the currency front, theeuro flies to 1,149 dollars, the highest since November 2021. Supporting the single currency, once again, are the words of Lagarde.
Recovering raw materials: the Petroleum rebounds after the declines of the day before, while the gas in Amsterdam it rises to 36,38 euros per megawatt hour. Gold steady ahead of key U.S. employment data on Friday.
(Last updated on June 5, 2025 at 18:XNUMX PM)
