Interlocutory day for European stock exchanges, which close all substantially unchangedInvestors are waiting to see what the US president will do next, Donald Trump, on the subject of duties. In particular, the tycoon said yesterday that on the trade front, allies "often behave worse than our enemies. The European Union does not treat us well", foreshadowing severe tariffs against the European Union, in addition to the so-called "reciprocal duties". Statements that have dampened enthusiasm for the US-Russia negotiations that loom on the horizon for the peace in Ukraine and which instead had pushed European indices to new highs the day before. Milan closes above par (+0,18%) and like it also Paris (where is it Hermès' accounts shine) to Madrid. Flat Amsterdam while they are negative London e Frankfurt.
READ MORE Stocks: Dollar falls, watch out for Hermes
At mid-day, Milan, boosted by the increases of Leonardo and Buzzi, exceeded the threshold of 38.000 points, reaching the highest levels since December 2007, before retracing and closing at 37.977 because of Interpump's flop (-16,3%) after the publication of the accounts and the decline of Tim, in the aftermath of the capital market with investors focused on the potential risk in the telecommunications sector.
Purchasing for the sector of luxury with Moncler, after the accounts, and cucinelli. Advance Unipol on the day of the 2024 financial results and with the support of Bper for the offer on Popolare di Sondrio. Purchases also on Saipem e nexi. Banks remain in the spotlight due to ongoing consolidation operations: rising Unicredit with the offer for Bpm bank and the moves on Generali e Commerz. In decline Ps following the filing of the offer document with Consob for Mediobanca. In the main sales list on Recordati e Inwit.
Lo spread between BTP and Bund rises to 109 points.
