Le European stock exchanges they all close in the red in one day without the lighthouse of Wall Street, stopped for Juneteenth, a holiday that celebrates the end of slavery in the United States. Investors are closely monitoring tensions in Middle East: according to Wall Street Journal, Trump has Approved plans to attack Iran, but remains awaiting developments on Tehran's nuclear program.
in Asia, Tokyo closes in the red (-1,02%) due to fears related to the Middle East, but Nippon Steel resists with a +2,26% thanks to good dividend forecasts.
Overseas, as expected, the Fed kept rates steady interest rates unchanged, while still expecting a 50 basis point cut in 2025. The central bank updated its Forecasts, raising inflation and lowering GDP estimates. Today it is the turn of the Bank of England, which leaves rates unchanged at 4,25% while the Swiss central bank cut interest rates by 0,25 percentage points, bringing the key rate to 0%.
Read EVEN Stocks on tenterhooks await Trump's moves
At Piazza Affari the highlights are the energy related stocks, driven by the rise in oil prices (Wti above 75 dollars a barrel). Terna and Italgas also did well. Spotlight on Saipem, thanks to a Front End Engineering Design (Feed) contract with Sonatrach for a fertilizer project in Algeria and Prysmian, CEO Massimo Battaini has announced an investment of 500 million dollars to increase medium voltage capacity in the United States. The banking front remains hot: the Milan prosecutor's office has heard the CEO of Unicredit, Andrea Orcel, within theaccelerated placement investigation di Ps, while the opinion of the EU Antitrust on the takeover bid is awaited Bpm bankLuxury stocks are falling sharply: BRUNELLO CUCINELLI, Moncler e Ferragamo. The geopolitical climate is fueling fears of a decline in consumption among wealthier customers.
Outside the main basket, there is an expectation for possible devaluations in the balance sheet of Illimity, following the takeover bid of Bank Ifis, with a potential profit warning of up to 30 million.
Lo spread Btp-Bund surpasses 100 points, with the 3,52-year yield at XNUMX%.
On the currency, euro/dollar drops below 1,15; the drops to $3.350 an ounce.
