Le European stock exchanges they open with a cautious rise: Milan, Paris, Madrid e London they move in positive territory, while Frankfurt e Amsterdam are further behind. Markets are now looking at possible progress in the area of war in Ukraine in the wake of a potential meeting between Donald Trump and Vladimir Putin. Eyes also on developments in the trade battle of tariffs: at the moment the prevailsoptimism for negotiations between the United States and its partners, despite the tycoon's threats.
Stock Market Today, August 8: Europe Looks to Trump and Putin
So, Putin and Trump are expected to meet in the next few days, but the details have not yet been disclosed. It will be about first face to face between an incumbent US president and a Russian one in four years, after one of the darkest periods in the history of bilateral relations between the two countries. There has been no summit between US and Russian leaders since Putin and Joe Biden met in Geneva in June 2021. The following year, Russia invaded Ukraine, putting relations with the West into crisis.
Stock Market Today, August 8: Trump and the New Fed Top Appointments
For his part, Trump yesterday nominated Stephen Miran member of the board of the Federal ReserveMiran, 41, a graduate of Boston University with a degree in economics and a doctorate from Harvard, has been chairman of the White House Economic Advisory Council since March. He will take over the post vacated by Adriana Kugler, an ally of Fed Chairman Jerome Powell, who announced her resignation – effective today – as governor of the Federal Reserve Board. Analysts say Miran's appointment, even in an interim role, could offer the Republican president a more direct way to pursue his desire for a sharp rate cutThe market is also looking at possible successors to Jerome Powell, whose term expires in May.
In this regard, the New York Stock Exchange yesterday closed mixed also following rumours linked to a possible nomination of Christopher Waller at the head of the Fed. After opening higher, the Dow Jones left 0,51% on the ground, theS & P 500 0,08%. Only the positive Nasdaq up 0,35%, to a new all-time high of 21.242,70 points.
Stock market today, August 8th: Chips hit. What about automotive?
Meanwhile, keep an eye on the sector too chip which is preparing for a sting after Trump's promise to apply tariffs of around 100%, but at the same time the clearings between the USA and Japan give us hope: the White House, in fact, confirmed, after a new summit, that it will not apply universal duties and that it intends to cut the rate onautomotive (a sector which has already faced challenges at a global level costs of 12 billion dollars from the trade war, according to the Wall Street Journal). The US commitment to reduce tariffs on Japanese cars from 27,5 to 15% is pushing manufacturers Subaru (+ 5,27%), Honda (+ 3,75%) and Toyota (+ 3,54%).
Stock Markets: Asian Markets, Tokyo Rises Sharply
Contrasting price lists in Asia e Pacifico, with Tokyo particularly bright due to optimism on tariffs between the US and Japan, Taiwan (+0,07%) little moved awaiting news on tariffs on microprocessors, while Alone (-0,63%) And Sidney (-0,27%) closed down. Hong Kong, Mumbai e Singapore in decline, unchanged Shanghai. The telephone operator shines on the Tokyo square Softbank (+10,51%) after the quarterly report.
Piazza Affari: Generali and Unipol fall, Leonardo rebounds.
Moving on to the stock market, they open the session European insurance stocks fall, penalised by the cut in guidance of Munich Re. Milan they go down like this Generali e Unipol, also fresh from the quarterly report. It then folds Interpump after the rally of the last two sessions. On the other side, it rebounded Leonardo after Thursday's drop and they also rise by more than one percentage point Pirelli and Banco bpm.
Effect of tariffs on gold
Meanwhile today effect of tariffs on gold with the new US tariffs on 1 kg ingots, which weigh on the supply of precious metal. On the other hand, the crude, while the natural gas is unchanged. On the rise dollar at almost 0,86 euros.
Mediobanca: Blackrock rises over 5%. What does this mean?
In view of the assembly of Mediobanca on the offer for General Bank, which will be held behind closed doors on August 21th, investors are repositioning themselves. Coming out into the open is Blackrock which he passed the 5% threshold reaching 5,059% in Piazzetta Cuccia. Previously, it was given at 3,5%, while at the October 2024 meeting, it was 4,23%.
The asset management giant informed Consob that as of July 31, it held nearly 4,6% of the company with voting rights and the remainder in financial instruments. As of the same date, Mediobanca has reduced its holdings of treasury shares, with which in any case he cannot vote, from 3 to 0,85%, following the cancellation after the buyback.
In addition to BlackRock, which had voted no at the MPS meeting on April 17, Other funds, including hedge funds, have been on the market for some time nowSome are entering the game by betting on a relaunch by Monte dei Paschi. With both shares rising on the stock market in Thursday's session, the discount of Siena's purchase proposal compared to Mediobanca's capitalization appears to be just under 3,5%. This means that the CEO, Louis Lovaglio, to relaunch it will have to put another 600 million on the table.
To understand whether the offer for Banca Generali will be able to start before the one for Monte dei Paschi ends on September 8th, it will be decisive the meeting of August 21stThe meeting is scheduled for 10am but there will be no one in Piazzetta Cuccia, everything will happen remotelyThe designated representative will also speak remotely, and all shareholders will be asked to submit their voting instructions on the sole agenda item. This involves authorizing the board of directors to ensure that the bank "executes the exchange offer for Banca Generali announced on April 28; uses the shares held in Generali as consideration; and exercises the right to waive one or more of the conditions for its effectiveness."
The Milanese bank's website also published the board report, which follows the one already prepared for June 16th. But the proposals, already circulated, made to Generali regarding distribution agreements are being put in writing. On Wednesday, the Lion responded with a general willingness to negotiate, but tensions in the board of directors were high. According to The print, Lorenzo Pellicioli, a director elected on the Mediobanca list, is said to have even proposed, without however being heard, to purchase shares in Piazzetta Cuccia to support the takeover bid for Banca Generali.
