Le European stock exchanges the first session of the week closed mixed, after the rally on Friday triggered by the US Supreme Court halts to most of the tariffs imposed by the Trump administration. Investors' attention, however, remains focused on new 15% "bridge" rates announced by the White House, which reignite uncertainty about global trade.
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In Asia Reduced trading for the Lunar New Year holidaysTokyo and the main Chinese markets are closed, while Hong Kong gains more than 2%, driven by technology stocks. South Korea moves just above parity (+0,5%), while Sydney falls about half a percentage point. The picture thus remains uneven, with traders assessing the impact of the new tariff measures.
In this context, the European markets remain cautiousFrankfurt closed down 1%, Paris and London moved into slightly negative territory, while Milan It is positive, driven above all by Enel's new plan. Madrid performed well, the best position of the day. Therefore, there are no indiscriminate sales, but the climate remains cautious, with Wall Street falls as gold returns to highs of the last few weeks.
A Business Square attention is focused on Enel, which presented the 2026-2028 plan of 53 billion investments, with earnings per share and dividend growth expected to be around 6% compounded annually. The group has also launched a new buyback program of up to €1 billion and authorized bond issuances and bank refinancing for €12 billion. Also under special observation Bpm bank, dopo the extraordinary assembly's approval of the new statute, and Tim following the closure of the antitrust proceedings regarding the agreement with FiberCop.
On the currency and commodity front, theThe euro strengthens above 1,18 against the dollar, benefiting from a weaker greenback after trade tensions. Gold consolidates recent gains and rises above $5.200 an ounce. Oil prices are falling, however: Brent slips just below 71 dollars a barrel and WTI moves into the 65-66 dollar area, while natural gas In Amsterdam, it lost about 3-4% at the start and settled around 30,8 euros per megawatt hour. Bitcoin continued to fall. Overnight, the main cryptocurrency reached to lose about 5%, going down below the $65.000 threshold, before partially reducing its decline. Since the beginning of the year, the cryptocurrency has fallen more than 25% and is down nearly 50% from last fall's highs.
Lo BTP-Bund spread remains stable in the 60 basis point area on the eve of the Treasury's end-of-month auctions.
