Le European stock exchanges close the last session of the week in the territory positive, driven by optimism for theUS-UK trade agreement and in view of the American talks with the China on trade policy. Although caution is required with Trump sending out mixed signals: on the one hand he threatens high tariffs, on the other he opens up to possible progress in negotiations. In his latest post on Truth he writes: “Many trade deals in the bag, all good (great)”. Across the Atlantic, Wall Street slows down: after a promising start, the indices erased their gains and, at the close of the European markets, it stood just below parity, with the Dow Jones idown 0,16%, theS & P 500 slightly down by 0,01%, and the Nasdaq which loses 0,03%.
READ MORE Duties, after USA-UK comes the real test: the one with China by Gabriella Bruschi
In this scenario, the Ftse Mib of Milan stands out as the best European index +1,02%, followed by Paris +0,65% and Frankfurt +0,55%. More contained Madrid (+ 0,37%) and London (+0,27%). The main stock markets of the Old Continent are supported by theenergy, with the Petroleum which raises its head. Wti rises to 61,9 dollars a barrel and Brent stands above 64 dollars.
The quarterly earnings season continues at full speed at Piazza Affari, with banks taking centre stage. Mediobanca closes at +5,4% thanks to the accounts: with growing revenues and net profit of 993 million in the first nine months of the 2024-2025 financial year. The institute warned of the risks arising from the aggregation with Ps (+1,41%), including a double-digit reduction in earnings per share and impacts on creditworthiness. Meanwhile, the Sienese bank also passes the test of accounts (+1,41%) with a Net profit higher than expected. Well too B for Bank (+ 3,24%) and Bpm bank (+1,94%). Purchases also for Unibelieve (+ 0,96%) and Understanding (+ 0,74%).
slips Leonardo (-3,3%) due to the downgrade of Banca Akros, despite solid quarterly numbers and the offer for Iveco's defense division with Rheinmetall. Followed by Campari (-2,7%) with accounts weighed down by the drop in sales in America.
In the energy sector, Saipem (+3,81%) benefits from the rise in oil prices, while Enel, up 2,07%, confirms its annual guidance after good results in Spain and Latin America
Slightly downhill it spread Btp-Bund at 105 points, with the Italian ten-year yield at 3,64%. The at 3.325 dollars an ounce (+0,6%).
