Migliorano during the afternoon the European stock exchanges which close the session in positive, with Piazza Affari confirms its position among the most solid stock markets, supported by the banking sector and by the attention on Intesa Sanpaolo's new industrial plan e supported by S&P's rating on Italian debt, with the outlook revised upward. At the end of the day, the FTSE MIB rose 1,05% to over 46 points.
Other stock markets also performed well: Frankfurt rose 1%, Madrid 1,3%, and Paris 0,67%. Amsterdam rose 0,78%, despite the collapse in gas prices.
The international picture remains influenced by President Donald Trump's choice to to nominate Kevin Warsh as the future head of the Federal ReserveA move interpreted by the markets as a guarantee of continuity and monetary discipline, which strengthened the dollar and triggered a violent correction in gold, silver, and oil, which remain the focus of sell-offs today.
Encouraging signals are coming from the macro front, although not enough to completely change the picture. In Germany The January manufacturing PMI returned above 50, signaling the return of industrial activity to expansionary territory. France is also improving, where the index rose to 51,2 points, a 43-month high, confirming a more solid start to the year for the manufacturing sector.
Wall Street opens lower but quickly turns positiveAfter a weak start, US indices are recovering ground: the Dow Jones Industrial Average is up about 0,6%, the S&P 500 is up 0,3%, while the Nasdaq and Nasdaq 100 are hovering just above par. Volatility remains high in the technology sector, with the spotlight on Nvidia, while holding Oracle infrastructures Following the announcement of a massive fundraising plan of up to $50 billion to support the expansion of the AI-related cloud, the market is also looking ahead to the flurry of upcoming quarterly earnings and upcoming US jobs data.
At Piazza Affari the day was dominated by Intesa Sanpaolo, which presented its 2026-2029 Business Plan. The market is primarily focused on the targets of earnings exceeding €11,5 billion, a return on equity of 22%, and a total distribution of €50 billion in dividends and buybacks, with a payout ratio of 95%. The stock remains volatile in the early stages, but the plan strengthens the banking sector's long-term visibility. It's no coincidence that banks are leading the way on the FTSE MIB: Bper and Pop Sondrio, both up 3,5%. They are followed closely by Banco Bpm and Mps,rising by 3,3% and 3,1% respectively.
Also good Unipol (+ 2,8%) and Tim (+2,6%). Cautious Understanding (+0,22%) after the accounts and the new plan. At the bottom of the list are the stocks Diasorin (-1,11%), Campari (-0,9%) Italgas and Fincantieri (both -0,69%) Among the minor stocks is tBff Bank collected (-44,27%) pfor the cutting of targets and the CEO's stepping down.
Pininfarina in evidence, which flies after the announcement of an agreement worth over 40 million with a car manufacturer. BFF Bank Collapses (-42%) which plummets after the downward revision of the 2025-26 targets and the change at the top.
