Le European stock exchanges closed in positive territory, even if they lost some of the momentum compared to the morning. Supporting the markets is the upward start of Wall Street, driven by the return of purchases in the sector technological and, in particular, on semiconductors linked to artificial intelligence. The recovery is being fueled by rumors of China's possible opening to a limited number of chips. Nvidia and the results of the Korean IPO Sk Hynix on Wall Street.
On the macro and geopolitical front, however, the picture remains fragile. During the night, United States they launched new attacks against Iran, while Tehran has announced that the Strait of Hormuz can only be reopened with an agreement with Iranian authorities. Fears were at least partially allayed by the words of US President Donald Trump, who, while maintaining a harsh tone, said he "does not believe" the conflict will resume and that "it will happen very quickly." Investors thus remain focused on inflation risks, especially in light of the divisions within the Fed emerged from the last few minutes, and on fears for global growth.
Investors are also starting to look ahead to the trading season. quarterly which will come into force next week on the accounts of major US banks.
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Leading the Milanese price list is above all the technology sector: stm highlighted thanks to the recovery of the chip sector after the recent sales and the collapse of Samsung, Good also Prysmian, while purchases on banks return with Mediobanca, Ps, Intesa Sanpaolo e Unicredit among the most tonic titles.
On the other side it remains weak Stellantis, penalized by the rating cut by JP Morgan Chase, and Avio, which is impacted by capital increase plans linked to incentive programs and the entry of new investors. Sales also occurred in defense stocks, including Leonardo e Fincantieri, and on utilities and energy.
On the currency market theeuro remains stable at $1,144, while the rises above $4.108 an ounce.
The Italian bond market is slightly easing tensions: spread BTP-Bund rises by 80 basis points, with the yield on the Italian 10-year bond at 3,89%.
