Le European stock exchanges are recovering ground and, supported by optimism about tech and AI and by hopes of a slowdown in trade tensions between the United States and China, closes higher. The Treasury Secretary Scott Bessent He stressed that relations between Trump and Xi Jinping could contain escalation, while trade negotiations with South Korea and Canada are progressing positively. Paris, is the best (+1,33%) after the Rejection of the motion of no confidence in the Lecornu government, supported by the freezing of the pension reform, while Frankfurt and other European markets remain more cautious.
overseas, Wall Street is rising, driven by to evaluate higher than expected big banks and from the solid forecasts of the Big Tech, with technology stocks taking center stage thanks to the boom in AI chips, confirmed by TSMC's record accounts. Analyst Adam Turnquist of LPL, however, warns against the market's possible excessive reliance on artificial intelligence. volatility remains high (Vix 20,3), with the shutdown federal law restricting the publication of crucial economic data.
READ MORE The US proposes a trade truce with Beijing di G Bruschi
Piazza Affari closed the session with a 1,12% gain. The stock market soared Campari, despite the disappointing accounts of French rival Pernod Ricard, and Tim thanks to the Buy by Deutsche Bank, with a target updated to 0,62 euros from 0,34. banks they proceed in no particular order: weighs the stalemate between institutions and government on the sector's contribution to the 2026 budget. On the individual securities front, Ps receives a Buy from Jefferies with a target price of 9,3 euros, Bper Banking sees Santander's target rise to 12 euros from the previous 10,10, and Intesa Sanpaolo It is covered by RBC with an Outperform rating of 7 euros. Leonardo benefits from the German order for 20 Eurofighters with deliveries between 2031 and 2034, while Saipem wins three offshore contracts in Azerbaijan worth approximately $700 million, of which $600 million is its own cost. Stellantis remains under pressure after the threat of legal action from the Canadian government for the transfer of a model to the United States. Luxury recovers after profit-taking on Moncler e cucinelli (today the board of directors to approve the accounts).
Lo spread BTP-Bund falls to 79 points, with the yield on the Italian 10-year bond at 3,37%.
The continues to grind out records, with the spot at 4.242 dollars an ounce, supported by trade tensions and expectations of more accommodating monetary policies from the Fed. On the currency front, theeuro remains stable above 1,16 dollars, while Petroleum e gas natural register moderate increases.
