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Stock Market Today June 17: Fears Over Israel-Iran Conflict Freeze Markets, Milan (-1,3%) Worst With Banks – LIVE

European stocks close lower on fears of escalation between Israel and Iran. Milan is the worst with banks, Cucinelli stands out. Wall Street weak weighed down by disappointing macroeconomic data. Expectations for the Fed rise

Stock Market Today June 17: Fears Over Israel-Iran Conflict Freeze Markets, Milan (-1,3%) Worst With Banks – LIVE

Le European stock exchanges they end the session down, held back by fading hopes of de-escalation in Middle East and from fears linked to a possible worsening of the conflict between Israel and Iran. The hardening of the president's position Trump - That left the G7 early for an emergency summit in Washington and called for the evacuation of the Iranian capital Tehran — has reignited uncertainty in the markets.

Milan gives up 1,36% to 39.387 points, the black sheep among the main European markets, followed by Madrid (-1,31%), Frankfurt (-0,88%), Paris (-0,6%), London (-0,46%) And  Amsterdam (-0,35%).

Wall Street moves weakly (DJ -0,2%, S&P 500 -0,36%, Nasdaq -0,38%), weighed down by disappointing macroeconomic data: in May retail sales fell by 0,9% (against the -0,6% expected) and industrial production recorded a drop greater than estimates. Meanwhile, expectations are growing for the Federal Reserve, which on Wednesday 18 June should confirm a pause on rates, following the Bank of Japan's decision to keep them unchanged.

Business Square Oil companies are shining, supported by the rise in crude oil and the Eni-Petronas agreement to create a joint venture in Asia: Saipem earns 2,09%, Tenaris1,66%, Eni 1,13%. At the top of the list BRUNELLO CUCINELLI, up 2,33%, with the founder who, on the sidelines of Pitti Uomo, said he was confident about the brand's prospects despite tensions over tariffs.

The banking sector, on the other hand, is weakIntesa Sanpaolo slips by 2,7%, B for Bank of 2,08%, but the worst is Unicredit (-3,62%), penalised by uncertainties on the operation Bpm bank and on participation in Generali(-1,21%). During the eleventh Mediobanca CEO Conference, Unicredit CEO Andrea Orcel clarified: “Without clarifications on the golden power we will not proceed” and ruled out relaunches: “For us the premium is already at its maximum”. As for Generali: “Non-strategic share: we will exit over time”.

Among the decreases also Amplifon (-2,7%). Leonardo drops 1,81% despite the announcement of the joint venture with the Turkish Baykar.

Il Petroleum starts to rise again: Wti exceeds 72 dollars a barrel and Brent goes above 74. On the currency market, theeuro remains stable above $1,15, while natural gas in Amsterdam gains more than 2% and aims for 39 euros per megawatt hour.

Lo spread Btp-Bund rises slightly to 98 basis points, with the yield on the Italian 3,52-year bond rising to XNUMX%.

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