Le European stocks close mixed, with Milan the only place to rise, although slowing down the pace in the aftermath of a record session. Piazza Affari, which the previous day had pushed beyond 46 thousand points, its highest level since December 2000, confirmed the best performance of the Old Continent, supported by purchases on DiaSorin, Campari and on the banking sector.
Other European stock markets are weak or barely movedFrankfurt and Madrid manage to snatch parity only at the end, while Paris finishes slightly behind despite theBudget law approval expected.. Amsterdam weighed more heavily, penalized by sales in the energy sector, while London ended the session down.
The European increases have not kept pace with the Asian ones, everyone is celebrating after the trade agreement signed by the US and China According to which Washington will reduce tariffs on Indian goods from 25% to 18% with immediate effect, while New Delhi, according to what Trump announced on Truth, will commit to no longer sourcing Russian oil and to purchasing over $500 billion in American products. And so the stock markets of heavily exporting countries are benefiting most, with final increases of 6,8% for Alone and 3,9% for Tokyo, the latter also supported by expectations of new accommodating fiscal policies by the new government. Mumbai, up 2,8% at the close, with the stock market Shenzhen up 2,3% and Shanghai of 1,3%. More cautious Sidney (+ 0,9%) and Hong Kong, up 0,3%.
On the other side of the world, the main indices of Wall Street After opening slightly higher, they turned negative. In stocks, Palantir surged after the results, while PayPal collapsed and Pfizer lost ground.
The process continues at full speed quarterly season: In the United States, Merck and Pfizer released their financial statements today, while chip giant AMD will be the next to report after the closing. In Italy, the focus is on Mediolanum, which closed the year with a 2025 earnings ratio above estimates. All eyes are on Tesla, after the huge reorganization of Elon Musk's "empire", which combined SpaceX and xAI, creating a $1.250 trillion privately held behemoth.
Returning to Milan, Diasorin and Campari reach the top in the afternoon, while the positive moment of the banks continues, with Unicredit which rises after the promotion of S&P and MPS and BPER that are following. Good Leonardo which announced a partnership with India's Adani Defence. On the rise Recorded, after Kepler Cheuvreux raised its recommendation to “Buy” from “Hold”. Positive also Prysmian which has signed a major contract for the construction of the Eastern Green Link 4 energy interconnection project. It continues to rise Poste Italiane which yesterday updated its all-time high, hitting €22,63. Today, shares were also boosted by Berenberg's uptick, which increased its target price to €26,4 per share (from €22,6), confirming its "Buy" recommendation on the stock.
In line Nexi, Amplifon and Cucinelli. Weak Stellantis, which also saw January registrations rise at a rate almost double that of the market as a whole.
Out of the Ftse Mib, after yesterday's -44%, Bff Bank The bank dropped a further 5%. The bank announced extraordinary provisions of approximately €95 million for 2025, with a revision of its full-year estimates and a cut in its 2026 targets. At the same time, the bank announced that Massimiliano Belingheri has resigned from his role as CEO.
The currency continues to weaken dollar, with the euro changing hands at 1,1817 (from 1,179 at yesterday's close) and at 183,714 yen (from 183,379). The Petroleum (Wti -0,51% to $61,87 a barrel, Brent -0,32% to $65,98), while natural gas traded in Amsterdam lost 4,59% to 32,38 euros per megawatt hour. However, prices rebounded. their (+4,87% to 4.882 dollars for the spot contract and +5,54% to 4.878 dollars for the future) and silver (+8,6% to 86 dollars). Finally, the secondary market, with the spread between BTp and Bund down to 60 points, two less than yesterday's closing.
