Stock markets are soaring, oil prices are deflating, and government bond yields are plummeting. Markets are celebrating yet another announcement from the US president. Donald Trump who said the US will leave Iran very soon, within two or three weeks,” regardless of whether an agreement is reached. All eyes, and especially all ears, are on the speech on the situation in Iran that the US president will give this evening at 21 pm local time, 3 am in Italy. In the background, his statements on the NATO, defined as a “paper tiger”, which reignites tensions over the transatlantic balance.
And so, after closing the worst month since June 2022, European stock indices rebounded decisively with Milan protagonist and Madrid in the wake. Also Wall Street moves in positive territory, while in Asia Stock markets closed with strong gains, with Tokyo up over 5% and the Nikkei at its highest.
Among the raw materials, the one under special observation is undoubtedly the PetroleumEuropean Brent is trading at $102 a barrel (it opened below $100), while US WTI is at $99. It drops to €48,43 per MWh. gas in Amsterdam. The trend is also reversing with the spot contract rising above $4.700 an ounce, while on the foreign exchange market, euro recovering to $1,1585 (from $1,1520).
Also celebrating government bondsEurozone and eurozone bond yields are falling sharply spread between BTPs and Bunds at the start of the session thanks to optimism about the end of the war. The yield on the benchmark 10-year BTP, maturing February 1, 2036, opened at 3,75% compared to yesterday's close of 3,90%, before rising to 3,87%, while the spread The spread between the BTP and the German Bund of the same maturity has fallen to 87 points, down from yesterday's close of 90. Before the US and Israeli attacks on Iran, the yield on the 10-year Italian bond was around 3,30% and the spread was 60 points.
Returning to Piazza Affari, the top of the Ftse Mib is there Leonardo, Followed by Buzzi – after the green light for the 2025 accounts – and from Prysmian, with Jefferies confirming the buy but raising the target price from 104 to 117 euros. All banks are good buys, with Unicredit and Intesa Sanpaolo in the lead followed closely by Bper and Banca Mediolanum. Also for Classic Ferrari for sale Jefferies pushes to buy from hold on the stock, it bounces stmAt the end of the price list Eni, Saipem and Tenaris, penalized by the retracement of crude oil. Also in the red Amplifon.
