European stock exchanges close lower in the wake of weakness Wall Street and the persistence of geopolitical tensions. The new clashes between the United States and Iran They continue to put pressure on the fragile ceasefire, despite US Central Command confirming on Tuesday evening that the truce is still “ongoing.”
The worsening of the macroeconomic picture also weighs heavily in the background:OECD has revised to global growth estimates down in case of a prolongation of the conflict, highlighting the impact of the energy shock not only on inflation but also on economic activity. Meanwhile, the Petroleum continues to rise, with Brent for August near 98 dollars a barrel and WTI above 95 dollars, while gas European natural gas in Amsterdam is approaching 50 euros per megawatt hour.
Also weighing on market sentiment is the Trump administration's proposal to introduce duties on 60 economies, including China, the European Union, Japan, India, and Mexico. The plan, which is not yet final, stems from investigations launched in March to identify a legal basis for reinstating the tariffs struck down by the Supreme Court in February.
In this scenario, all the main European markets closed below par. More positive signals came fromAsia, where the Nikkei updated its all-time highs thanks to the technology sector and optimism about artificial intelligence. Wall Street However, it remains weak after the previous day's record highs, despite better-than-expected macroeconomic data: the ADP indicates 122 new jobs in May, with wages growing by 4,4% annually, reinforcing the hypothesis of a cautious Fed ahead of the June meeting.
Read EVEN Tokyo sets new record with AI betting di G. Bruschi
A Business Square Sales prevail after the record of the day before: they stand out Lottomatica supported by solid iGaming data and strengthening market leadership, and Diasorin which accelerates at the top of the Ftse Mib. Energy-related stocks also performed well, with Eni e Terna in evidence. Resists Campari after the reorganization of the family holding Lagfin: according to the Corriere della SeraAlessandro Garavoglia would have become the owner of 50,8% of the capital and vice president of the company. On the other front, defense and technology remain under pressure, with Leonardo among the worst on the list and stm weak after the rally the day before. Banks also sold off, with Unicredit down after reaching 34,35% of Commerzbank, centering the target set with the OPS and rising to 50,67% considering all available financial resources. It slides to the bottom of the list Stellantis.
On the currency front, the dollar continues to show strength, maintaining itseuro in the 1,16 area. Finally, among the safe haven assets, the remains weak and remains below $4.500 an ounce.
