Le European stock exchanges closed mixed, with investors focused on the Middle East and the first round of talks between the United States and Iran in Switzerland, described by both sides as marked by "significant progress." Meanwhile, the U.S. Treasury Department lifted sanctions on Iranian oil as part of the interim agreement to end the war. The department issued a 60-day license, lifting sanctions and authorizing the production, delivery, and sale of Iranian oil; it will be valid until August 21. Against this backdrop, oil prices continue to decline, with WTI prices nearing $73 and Brent between $78 and $79.
The European stock markets are moving in no particular order: Madrid it's the best (+1%). Milan marks -0,1% but is weighed down by the coupon detachment of six blue chips of the Ftse Mib (-0,21%). Below par Paris, positive Frankfurt. Salt too London after resignation of Prime Minister Keir Starmer, without any particular shocks on the pound. Also contrasted Wall Street, waiting for the key data on theinflation pce expected on Thursday, a key indicator for the Fed and crucial for interest rate expectations, and the accounts micron Technology, which is currently trading sharply higher following a deal with Anthropic. On the stock market, it's plummeting. SpaceX, which pushes the Nasdaq lower.
A Business Square the dominant theme is the coupon detachment, involving six blue chips of the Ftse Mib: Leonardo, Post Italian, stm, Snam, Terna e HeraSTMicroelectronics stands out thanks to the drive of artificial intelligence. Also doing well Unipol e nexi.
The banking picture is more complex, where the market continues to move between expectations and consolidation hypotheses: the spotlight is on Banking Monte dei Paschi di Siena which today brings together the board of directors, while the moves of remain under observation Intesa Sanpaolo e Bank Bpm. On the M&A front, Unicredit The first phase of the public offering for Commerzbank closed with 12,51% of subscribers, bringing the total stake to 42,50%, which is expected to rise to 44,33% after the cancellation of treasury shares. The luxury goods sector, however, was weaker, with Moncler e BRUNELLO CUCINELLI in decline, together with the defense (Leonardo e Fincantieri).
Declining it spread between BTPs and Bunds, which falls to 70 basis points, with the yield on the Italian 10-year bond at 3,66%.
On the currency market theeuro/dollar remains stable at 1,14.
