It's with the quarterly that l 'Europe prova oggi a difendersi sia dal sell-off sui tech sia dalla nuova escalation in Medio Oriente, in attesa delle news that will arrive from the Fed this evening. In avvio di contrattazioni ha prevalso il verde, ma col passare dei minuti i listini europei sono passati in negativo, zavorrati dalle tensioni internazionali. Giù Parigi e Francoforte. Più pesante Amsterdam, penalizzato dall’esposizione sui titoli dei chip. La peggiore è Madrid, zavorrata dal tonfo di Caixabank nonostante i conti in rialzo del trimestre. Anche Milano è sotto la parità, nonostante gli acquisti su Eni e Stellantis.
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.
On the European stock market, however, the quarterly results are the main topic: Business Square è Eni to set the direction by taking the top spot after doubling its second-quarter earnings and revising its guidance upwards, announcing a decision on the extraordinary dividend in October. Also recovering Saipem. Well in tune too Stellantis, runs Moncler in a positive context for the luxury sector, both are good buys Post is TimAfter a heavy start, it recovers 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.
