Le European stock markets close in mixed order, with Milan (-0,13%) which fails to maintain parity at 42.423 points, while Frankfurt advances by 0,3% and Paris drops by 0,48%. Good Madrid and London. The technology sector is experiencing a recovery, driven by the expansion in artificial intelligence investments announced by Alibaba, confirming the key role of AI in the recent stock market rallies. The following remain under observation: international tensions and il German business confidence declines, according to the Ifo index.
On Wall Street, little moved, eyes remain focused on the Federal Reserve's moves, especially after the cautious words di Jerome PowellThe Fed chairman reiterated that monetary policy remains "moderately restrictive" despite the recent rate cut. Meanwhile, divisions are emerging within the Fed: Trump's new advisor Stephen Miran has called for a 2% interest rate, signaling a rift within the board.
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A Leonardo Business Square leads the increases, supported by European defense and international tensions. Banks remain under special surveillance with Ps committed to the governance of MediobancaThe minister's warning also weighs on the sector Giorgetti, according to which the institutions – which have been enjoying "stratospheric" profits over the last five years – must contribute more to public finances. At the bottom Stellantis, weighed down by layoffs at six European plants and the temporary halt in Panda and Tonale production at Pomigliano. Also down Saipem Following the Brazilian antitrust authority's request to halt the merger with Subsea7 and rumors of an interest in Impresa Pizzarotti, also sought by Webuild, energy stocks remain positive.
Lo spread The spread between BTPs and Bunds remains anchored at 83 points, with the yield on the 10-year bond falling to 3,57%.
On the currency front, theeuro remains stable just above the 1,17 dollar mark, while oil remains volatile and the starts to rise again, supported by China's willingness to hold other countries' gold reserves.
