Waiting for the Nvidia accounts, which will be published in the evening and which have already attracted the attention of international markets, pushing up the price lists all over the world, are banks to give impetus on the European markets, all in sharp rise, despite the uncertainties over tariffs and the tensions between the US and Iran.
Stock Market: Banks rally across Europe
The European banking index rose 1,45%, the result of a surge involving all the major sectors, thanks to strong performances by HSBC and Santander. Specifically, Hsbc advances by 5,73% to London (+0,96%), after publishing strong quarterly results and solid guidance. Santander rises by 2,83% to Madrid (+0,7%) after unveiling its new plan, which aims to achieve a net profit of 20 billion euros by 2028, a 20% higher ROTE, and more than double the cash dividend. And more: Société générale, Crédit Agricole and Bnp Paribas mark increases of more than 1,5% Paris (+0,3%), while at Frankfurt (+0,4%) is Commerzbank to lead the way, rising by 2,4%.
Italian banks are also in the spotlight, having staged a strong rebound involving the entire financial sector after the previous day's sell-off. At midday, the new group formed by Mediobanca (+ 3,78%) and Ps (+3,45%), in view of Monte dei Paschi's new industrial plan, which will be unveiled on Friday the 27th and which will detail the farewell to the Piazzetta Cuccia Stock Exchange. Purchases on Finecobank (+ 3,27%) and Banca Mediolanum (+2,83%). The two big names are doing well: Unicredit scores +1,6% andUnderstanding + 1,16%.
Milan above 47 points with eyes on the quarterly results
The banks' exploit brings back Milan above 47 points, at their highest since 2000, with the Ftse Mib recording one of the best performances in the Old Continent, rising by 0,98% to 47.103 points. On the main index, increases are also worth noting Nexi (+3,5%) and Prysmian (+3,2%), while on the sales front the tail light is Campari (-3,6%). In red Leonardo, despite this morning, in the pre-opening, he published 2025 results above guidance provided by the group and in line with the analysts' consensus.
Yesterday, with the stock market closed, the numbers that exceeded expectations also arrived Saipem (2025 profit at 310 million and EBITDA at 1,71 billion) which rises by 1,78%, and Tim, which advances by 0,65% after recording revenues of 13,7 billion (+2,7%) and an EBITDA after leasing of €3,7 billion (+6,5%). The company led by Pietro Labriola also announced a €400 million buyback and a 1-for-10 reverse stock split.
Today at Piazza Affari they will approve their accounts too Eni (+0,19%), Poste Italiane (+ 1,27%) and Pirelli (-0,12%).
European inflation falls
From a macro perspective, the German GDP (+0,3% on the previous three months) for the fourth quarter, while consumer confidence is declining. In theEurozone, according to Eurostat, the inflation rate Annual inflation in the euro area was 1,7% in January 2026, in line with expectations, down from 2,0% in December. A year earlier, the rate was 2,5%. Annual inflation in the European Union was 2,0% in January 2026, down from 2,3% in December. A year earlier, the rate was 2,8%.
Wall Street: Futures rise ahead of Nvidia
Even Wall Street snubs the Donald Trump's speech, from which no surprises have come, and turns his attention to Nvidia, which will lift the veil on its accounts this evening, once the markets are closed, revealing the state of health of the artificial intelligence sector, just when fears about the effects of AI are beginning to ease. Keep an eye on Amd, which yesterday recorded an increase of 8,8% in the wake of the billion-dollar agreement announced with Meta (+ 0,3%).
After yesterday's gains, in a session also characterized by the rebound of software stocks, Wall Street is expected to open in the green today. Futures on the Dow Jones mark a rise of 0,3% as do those on S & P 500. Futures are doing even better on Nasdaq, up 0,44%.
Asian stocks are in high gear: Tokyo soars ahead of reflationists
Today's bullish scenario was opened by the asian bags. On the shields Tokyo (+2,2% the Nikkei) and Alone (+1,9%), reaching all-time highs on the strength of technology stocks, ahead of the results release of sector benchmark Nvidia. Traders are weighing in on U.S. President Donald Trump's new 10% global tariff, which went into effect Tuesday. Potential developments at the Bank of Japan also helped support the Japanese stock market: Prime Minister Sanae Takaichi has proposed appointing two academics in the monetary policy council of the Central Institute of Japan. These academics are considered “reflationists", or supporters of a lasting economic stimulus with the aim of ensuring strong economic growth and price stability. These appointments, which could delay the prospect of further interest rate hikes by the central bank, boosted the stock market and caused the yen to immediately decline.
Positive too Hong Kong (+0,69%), also on the highs Sydney (+1,3%) with strong profits recorded by Woolworths, which has a significant weight in the index and helped markets to overcome the higher-than-expected January inflation data. Chinese markets also performed well (Shanghai + 0,72% Shenzhen +1,2%) which extended gains after returning from the Lunar New Year holidays.
The other markets
Meanwhile, on the currency front, the dollar Following Donald Trump's two-hour State of the Union Address last night, which raved about the health of the US economy, the greenback is trading at $1,780 against the euro.
Among raw materials, prices are increasing Petroleum, with Brent above the 71 dollar mark, while purchases of precious metals also resume: their is above the 5.100 dollar mark (+0,75% to 5.181 dollars) and thesilver to 90.4705 dollars (+3,37%).
On the secondary, it spread between BTPs and Bunds is down to 59 basis points, with the yield on the 10-year bond falling to 3,31%.
