Weak start for the European stock exchanges which look at the evolution of the war in Iran after the clashes in the Strait of Hormuz which risks pushing peace talks further away despite assurances from Donald Trump on the maintenance of the truce. Oil prices However, overall it is little moved. They give way Frankfurt (after the unexpected drop in industrial production in March), Paris e London grappling with the outcome of the local elections.
Right in Frankfurt, he slips Commerzbank which is close to a 3% drop. Scepticism is spreading among analysts regarding the perhaps overly ambitious targets while the institute is playing defense for theUnicredit offer. In all this, in the afternoon the attention of investors, in addition to the Middle East, will be turned to US labor market data.
Stock Market Today, May 8: Focus on Tokyo and India
Closing down for the Tokyo Stock Exchange. The index Nikkei dropped 0,19 percent. The negative trend is linked to uncertainty over the conflict in the Middle East and comes one day after the benchmark index reached an all-time high. Stocks technological e financial were at the head of the declines. Investors' eyes were also on the accounts of large Japanese companies with Toyota which saw its profit fall by 19,2% in the fiscal year.
Stock indices fall in India, in the wake of the new increase in crude oil prices, after the ceasefire between the US and Iran was interrupted by mutual missile and drone attacks. Volatility in the price of oil has once again held the rupee on the defensive all morning; renewed tension in the Middle East has stalled the initial recovery of the Indian currency which this week hit all-time low of 95.4325 on the dollar.
Stock Market: Focus on Wall Street
Meanwhile, Thursday trading session fell at Wall Street, on a day when S & P 500 e Nasdaq Composite they have however updated their respective intraday records and the Dow Jones briefly returned above 50.000 points. Investors were awaiting Iran's response to the US draft agreement to end the war, which has not yet been reached, and reacted negatively to the volatility of oil prices, which then closed slightly lower. The Dow Jones lost 313,31 points (-0,63%), the S&P 500 fell 28,03 points (-0,38%), and the Nasdaq closed down 32,74 points (-0,13%). Petroleum wtf on the Nymex closed down 27 cents, or 0,28%, at $94,81 a barrel. closed up $17,90, or 0,38%, at $4.699,80 an ounce. The euro was stable at $1,175. Bitcoin fell 1,99% to $79.848.
On the stock market, the title of Whirlpool fell 12% after the appliance maker warned that the war in Iran had triggered a severe recession, noting that soaring fuel prices and plummeting consumer confidence were starting to weigh on purchases of durable goods. The stock Apple closed little changed around $287,40, after updating its record at $292,13. The stock Doordash gained 2% after the food delivery giant released an upbeat second-quarter order forecast. The stock Fortinet rose 20% after raising its full-year revenue forecast.
The title of Shake Shack plunged 28% after the fast-food restaurant chain's first-quarter results fell short of expectations, with an operating loss of $2,6 million. Shake Shack's earnings per share were unchanged, compared to the 12 cents expected by analysts. Revenue came in at $366,7 million, compared to the $372 million analysts had estimated. The stock McDonald's, on the other hand, closed little changed, after a quarterly result that was above consensus, with an adjusted profit of $2,83 per share, against the $2,74 analysts expected, on revenue of $6,52 billion, against the $6,47 billion analysts had estimated.
Today's stock market: focus on Piazza Affari: who's rising and who's falling
And this morning the session is going down Business Square, with the Ftse Eb which is giving way. With the tension around the Strait of Hormuz, energy stands out and they slide in queue banks and defense.
At the top of the main list is Tenaris, Followed by Eni. Positives also Diasorin, Prysmian, Saipem, Poste Italiane, Recordati, Enel and the car with Stellantis e IvecoOn the opposite front, tail light Leonardo.Bad banks: Bper the worst, down even Unicredit, Intesa Sanpaolo e Bpm bankAmong the major decreases are those of Buzzi, Fincantieri, Avio, Campari e Amplifon.
