I European markets they close positive the day after the Fed rate cut of 25 basis pointsPowell's words leave the door open for a new intervention in 2026, but the Oracle's disappointing accounts spoil the party. The American company recorded lower-than-expected profits, reigniting the fears for investment prospects in artificial intelligence, with the tech sector also under pressure in AsiaTokyo closed down 0,9% (Nikkei 50.148,82), weighed down by Oracle's 14% decline in after-hours trading, while the yen recovered slightly against the dollar and the euro. Oracle's decline was reflected on Wall Street, with the Nasdaq falling while the Dow Jones Industrial Average slumped.
READ MORE Post-Fed optimism overshadowed by Oracle and tech bubble fears di G. Bruschi
A Milan, investors' attention remains on the technology sector: stm confirms the €1 billion agreement with the EIB. Snam acquired 48,2% of Olt – Offshore Lng Toscana for 126 million euros; the closing is expected in the first half of 2026. Positive prospects for BRUNELLO CUCINELLI, which forecasts revenue growth of between 11% and 12% in 2025, above initial expectations, with double-digit growth also expected for the fourth quarter.
Classic Ferrari for sale It is in the spotlight after Exane BNP Paribas raised its rating to Outperform but cut its target price to 399 euros; Bernstein and JP Morgan also reduced their targets, to 395 euros and 350 euros/dollars, respectively. Stellantis sees Exane Bnp Paribas' rating drop to Underperform. Leonardo Strengthens international presence: The Bangladesh Air Force has signed a letter of intent to purchase Eurofighter Typhoon fighter jets. Recordati reports two internal dealing transactions for a total value of approximately 1,2 million euros.
Out of the main basket, Almawave will be suspended on December 16th and 17th and delisted from December 18th, while Tamburi announces revenues of Bending spoons to 1,3 billion in 2025, set to double in 2026, with possible IPO plans in the United States without a defined timeframe.
On the currency, theeuro falls back below $1,17 at 1,1695, while the Bitcoin fell 2% to $90.177, reflecting concerns about tech and AI. Petroleum slightly down, with Brent below $62 and WTI just above $58 a barrel, in a context marked by US-Venezuela tensions.
Precious metals show diverging trends:'silver hits a new all-time high at $62,88 an ounce, up 113% year-to-date, while fell 0,3% to $4.216. Platinum and palladium rose 0,7% and 0,3%, respectively.
