European stock markets close on a balance between caution and quarterly results: Frankfurt -0,12% Madrid -0,4%, while Paris It holds up at +0,2% thanks to the luxury sector and Kering's accounts. It is also below par. London, later the political crisis triggered by the Mandelson affair. TO Milan, the Ftse Mib closed almost unchanged at 46.802,99 points (-0,04%), with Ferrari the star of the day thanks to 2025 results that were better than expected.
Overseas the Dow Jones continues to run above 50.000 points, with S & P 500 e Nasdaq on the rise thanks to tech. Eyes on tech stocks after the Financial Times wrote that Donald Trump's administration intends to exempt companies such as Amazon, Google and Microsoft from the upcoming tariffs on chips, also due to TSMC's investments in the USA. On the other side of the ocean, Asia closed positively, with Tokyo which updated its all-time highs (the Nikkei closed up 2,3% at 57.650,54 points) thanks to optimism about the policies of Japanese Prime Minister Sanae Takaichi.
In addition to the flurry of corporate earnings, investors' attention remains focused on corporate earnings and macroeconomic data. The report on theUS occupation January, which, according to analysts, is expected to be worse than expected. The consumer price index will be released on Friday. Meanwhile, the market continues to expect the Federal Reserve keep interest rates unchanged through June, according to CME Group's FedWatch, and remains on the sidelines after the nomination of Kevin Warsh as Jerome Powell's successor at the helm of the central bank.
Returning to Milan, all eyes are on the banks. Well Mediobanca after the accounts, while the first news about its future is leaking out of Siena. MPS's new plan, which will be presented on February 27, will make Piazzetta Cuccia a separate "lega entity," focused on corporate and investment banking and private banking. The parent company, however, is going down. mps, despite a 2025 profit grows to 2,75 billion (+17,7%) which increases to 3 billion considering also the fourth quarter of Mediobanca. The stock is weighed down The Milan prosecutors' investigation into the head of the Ministry of Economy and Finance, and Montepaschi advisor, Stefano Di Stefano, for insider trading.
Luxury is on the rise, with Cucinelli and Moncler which are rising in the wake of Kering's accounts. It bounces Stellantis after Friday's collapse. It rises Fincantieri, which closed an order worth over 200 million for Wass in Saudi Arabia. Among the worst performers on the list, Unicredit, Unipol, and Prysmian.
Moving on to other markets, on the currency, the euro is substantially stable at 1,19 dollars, while bitcoin remains below 70 thousand dollars, while gold defends itself at 5 thousand. Cautious Petroleum. Recovering the gas.
