The price of oil is rising again and the Bags, after a volatile start, are on the rise, driven by news from the Middle East and are closing a strong session. Israeli Defense Minister Israel Katz confirmed that Iran's top security official, Ali Larijani, and the commander of the Basij internal security forces, Gholamreza Soleimani, were killed in airstrikes conducted by the Israel Defense Forces (IDF) on Tehran. Although Iran has yet to confirm its decision, the stock markets are hopeful that a possible turning point in the conflict may finally have arrived.
And so, despite the Brent both at 103,5 dollars a barrel and WTI touches 97, the continental markets close in green: London, Paris and Madrid, Frankfurt mark increases of less than 1%, Milan the best place above 1%.
The opening sharply higher of the stock markets in the old continent also contributed to pushing up the prices. Wall Street, with Dow Jones and S&P 500 who advance with conviction. The number also increases Nasdaq Despite Nvidia's decline, CEO Jensen Huang said at its annual developer conference that he expected orders of $1.000 trillion by 2027 for Blackwell chips and the Vera Rubin platform.
On both sides of the ocean the focus is then on central banks, as fears soar over the possible effects of the war on theinflation, a picture that will undoubtedly influence the decisions of the central banks, expected tomorrow (Fed) and Thursday (ECB).
In this context, a Business Square Stellantis rebounds, rising to the top of the FTSE MIB. Oil is in the spotlight, with Eni and Tenaris, while Enel, Mediobanca, and Telecom Italia are also doing well.
The sell-off continues on Amplifon after the sharp drop on the previous day, defense stocks are in the red, with Fincantieri and Leonardo among the worst stocks in the Ftse Mib.
On the currency market, euro/dollar still falling after the attempted recovery during the night to 1,1495 (yesterday closed at 1,148). On the secondary market, spread between BTPs and Bunds is declining by 76 basis points, with the yield on the benchmark 10-year BTP marking a first position at 3,72%. The gas, which in Amsterdam is above 52 dollars per mWh.
