It's with the quarterly that l 'Europe is trying today to defend itself both from the sell-off in tech and from the new escalation in the Middle East, while waiting for the news that will arrive from the Fed this evening. Milano annulla le perdite, Francoforte passa in verde, in rosso Parigi e e Amsterdam, penalized by exposure to chip stocks. The worst performer is Madrid, weighed down by the collapse of Caixabank nonostante i conti in rialzo del trimestre.
The pressure on semiconductors is being felt especially in Wall Street and Asia: Tuesday the Nasdaq-100 lost almost one percentage point (-0,98%) while Dow Jones e S & P500 closed the session in positive territory. In Asia, another passionate session for the Kospi index, which lost as much as 13% during the session, dragged down by semiconductor stocks, more than halving its losses in the second half of the day, while SK Hynix's expected quarterly results disappointed the market with the title losing as much as 20% (only to then halve the fall).
READ MORE The Kospi crashes again: has the tech bubble burst? di G. Bruschi
Today we will have to follow the first quarterly results of Magnificent Seven, Microsoft and Meta and, above all, the market's reactions to the numbers that will be presented by the tech giants. The other market mover of the day, as we said, is certainly the Fed, not so much for the decision on rates – expected to remain unchanged – but for the reading that the board led by Kevin Warsh It will determine the economic performance. The international context remains very fragile, with an unexpected resumption of hostilities in the Middle East overnight (Iran's surprise attack on US bases, the blockade of three oil tankers, and American strikes that also hit Iraq) jeopardizing talks and pushing oil prices higher.
A guidare Piazza Affari sono anche le numerose quarterly in arrivo: Eni si porta in testa al listino dopo aver raddoppiato gli utili nel secondo trimestre e rivisto al rialzo la guidance, preannunciando la decisione sulla cedola straordinaria a ottobre. Poco mossa Intesa Sanpaolo dopo i risultati record del semestre, con utile a 5,6 miliardi e target 2026 rivisti al rialzo, mentre General Bank registra prese di profitto dopo il miglior semestre della sua storia. Terna invece si muove in territorio negativo nonostante una semestrale solida, con ricavi e margini in crescita, investimenti oltre 1,5 miliardi.
Purchases also reward Stellantis e Moncler in un contesto positivo per il comparto del lusso. Dopo un avvio pesante, recupera stm which limits losses while it gets worse Lottomatica.
On the currency euro/dollar on stand-by waiting for the Fed. Recovering yen, which still remains near 40-year lows against the greenback.
