Le European stock exchanges close higher as investors look to new duties between 10% and 12,5% announced by Washington towards its main trading partners, as part of a new series of trade barriers which, according to the Trump administration, are aimed at combating forced labor and replace the temporary global tariff of 10%. Wall Street Instead, caution prevails after yesterday's negative session, which closed with the Dow Jones with a drop of over 500 points, around 1%, weighed down by the rise in Petroleum and from the weakness of Tesla e A after the quarterly results. Today under observation there is Intel, which delivered better-than-expected results, but did not dispel investors' doubts about the technology sector and the prospects for artificial intelligence.
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Meanwhile, in Middle East, while trying to carry on the mediations between Washington and Tehran with a ceasefire that still seems far away, concerns are added for the attacks of the Yemeni Houthis, supported by Iran, which threaten maritime traffic in the Red Sea. The group, however, has ruled out a complete closure of the strait, limiting the blockade to activities linked to Saudi Arabia.
I oil prices However, they are retracing after yesterday's surge that pushed Brent futures above $100 a barrel for the first time in two months. European natural gas remains stable.
On the stock, the quarterly season continues to influence the price lists. A Business Square this morning it was the turn of Poste Italiane, which released its first-half results confirming its full-year targets, but the stock reacted negatively on the stock market. The Milan stock market was supported mainly by banks, with Bper Bank, Intesa Sanpaolo, Mediobanca e Ps featured. Good also Unicredit, supported by Commerzbank's openness to dialogue on the possible consolidation between the two institutions and by positive indications from analysts.
Among the weakest stocks, in addition to Poste, the following moved downwards St Microelectronics, still penalized by caution on the semiconductor sector, Telecom Italia and BuzziThe latter remains under observation after Jefferies confirmed its "hold" rating, while reducing the target price from 49,5 to 46,5 euros. However, it has recovered Moncler after the sharp drop the day before following the publication of the accounts.
