Le European stock exchanges close in positive territory, with Milan which achieved the best performance in the Old Continent (+0,66%), while Paris closes above par despite uncertainties over the French budget after the failure to reach an agreement on the 2026 budget and the government's recourse to a special law to ensure the continuity of the state. Overseas, Wall Street continues to gain traction in the technology sector, supported by Oracle infrastructures thanks to'joint venture agreement with TikTok. In decline Nike, penalized by the slowdown in sales in China.
The macro picture, however, remains mixed: in the United States the consumer confidence The University of Michigan's confidence index rose to 52,9 points in December, below expectations, while in the Eurozone the flash estimate signals a further decline in confidence to -14,6 points. In the background, after the decisions of the ECB and the Bank of England, widely expected, the markets have also digested the move of the Bank of Japan, which raised rates by 25 basis points to 0,75%, pushing the Nikkei to close up 1,03%. Investors remain attentive on the geopolitical front, with the European Council meeting also attended by the Prime Minister, Giorgia Meloni.
READ MORE Why markets are looking to tech with confidence di G. Bruschi
Business Square is the best in Europe, driven by Classic Ferrari for sale. Well too Telecom, following the CEO's statements Peter Labriola on the strengthening and new efficiency of the group, and Saipem which announced the third extension of the contract with Aker BP for the Scarabeo 8 for offshore drilling activities in Norway until 2028.
The banking sector is well set up, in particular PsYesterday, Economy Minister Giancarlo Giorgetti denied any interference or pressure on the Italian financial system during the accelerated book-building sale of Monte dei Paschi di Siena's stake in the fall of 2024. Tenaris limits the losses sustained by the oil recovery.
