Le European stock exchanges Close higher (except Paris) after Donald Trump's surprise announcement: "I have informed Chinese President Xi that the United States will allow Nvidia to ship its chips to authorized customers in China," Donald Trump wrote today on his social media platform, "as long as it does not compromise national security," and that 25% of revenues will be paid to the US. The agreement concerns the H200 chips from the Hopper range, not the latest models.
Meanwhile, waiting for the decision of the Federal Reserve It's almost over: the 25 basis point cut is practically a given, but traders want to understand the Fed's stance and any indications on monetary policy in 2026 that could emerge from the press conference.
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In Europe, the Ftse Mib of Square Business closes above par at 43.574,50 points (+0,33%) in an overall mixed context: only Paris ends down 0,68%, while Frankfurt earn 0,48%, Madrid 0,28%, Amsterdam 0,24% and London remains practically stable at +0,015.
A Milan soars Mediolanum, which benefits from JPMorgan's new target price, raised from 20 to 22 euros with an "Overweight" rating. FinecoBank performed similarly, following JPMorgan's increase in its target from 23,1 to 26,5 euros, also with an "Overweight" rating. The entire financial and asset management sector performed positively overall, with purchases on Bper, Mps, Azimut, Mediobanca, Unipol, and Generali. Supporting the Lion's stock is the new target of 37 euros set by KBW with an "Outperform" rating.
In line Prysmian and Amplifon. Down Stellantis, hit by profit-taking following the sector's rally in recent sessions, awaiting the EU package of December 16 which, according to expectations, should revise regulatory limits in a more favorable direction for the sector.
On the currency front, theeuro consolidates above 1,16 dollars awaiting the Fed. Among raw materials, the Petroleum drops more than 2% after Saudi Arabia cuts prices, while US natural gas falls on forecasts of milder temperatures, unlike gas European recovering below 28 euros per MWh. The remains around 4.200 dollars an ounce, a new record also for thesilver (above $60 an ounce)
In the bond market, the yields of Eurozone government bonds rose slightly, with the BTP 2035 at 3,56% and the spread stable at 70 basis points, supported by statements from ECB hawk Isabel Schnabel, according to which the central bank's next move could be a rate hike rather than a cut.
