On this Thursday, June 11, Western stock markets seem to be attempting a rebound: from Wall Street to Europe, including Piazza Affari, which closed up 0,95% at 50.500 points. The recovery of the STM +5,7% is driving the Ftse Mib, which came from flop sessions in the wake of the difficulties of AI-related stocks on the Nasdaq, which today instead seem recovering on the eve of SpaceX's super IPOWhile Europe closes its doors, the Nasdaq Composite Index is up 0,6%, the Nasdaq-100 is up 1,2%, the Dow Jones also gains half a percentage point, while the S&P 500 is a little more timid. On the Nasdaq, noteworthy performers include Micron +2,3%, Intel +5,4%, Nvidia +0,5%, Sandisk +5,3%, and Marvell +5%. Among the worst performers, however, are Adobe -4,6%, Alphabet -2,4%, and Microsoft -2,3%. Bitcoin recovers slightly but remains below $63.000.
Piazza Affari +0,95%, BTP Bund spread stable at 78 points
Returning to Milan, in addition to Stm, noteworthy gains include Avio (4,77%), Saipem (5,7%), and Prysmian (4,88%). The worst performers were Diasorin (2,2%), Inwit (1,8%), and Lottomatica (1,1%). The banking sector, though involved in a very delicate game of risk these days, was relatively quiet: Unicredit (0,3%), Intesa Sanpaolo (just above par), MPS (0,33%), and Mediobanca (0,1%). Commerzbank shares fell 0,66% in Frankfurt, while subscriptions to UniCredit's takeover bid rose above 11%.Banco BPM +0,36%: a board meeting has been announced next Tuesday to review the risk situation. The DAX closes just above parity, Paris +0,5%, London +0,5%, Amsterdam +1,1%. The BTP-Bund spread is virtually stable at 78 basis points, with the yield on the 10-year BTP falling to 3,8%. The euro weakens against the US dollar: today the exchange rate says 1,152.
Commodities: Oil slightly up, gold at its lowest since November
Tensions in the Middle East, which increased again last night with a heavy US attack on Iran, have a limited impact on oil prices, which are now rising almost negligibly. WTI Crude Oil hits $90 a barrelBrent crude, on the other hand, remains at $93, roughly the same as yesterday. European natural gas is losing ground, hovering just below the €50 per megawatt-hour mark. Gold falls below $4.100 an ounce, its lowest level since November 2025. Silver is trading around $64 an ounce, having lost 26% in the last month.
The ECB raises interest rates for the first time in nearly three years.
Meanwhile today The European Central Bank raised interest rates by 0,25%The rate on deposits at the central bank thus rises to 2,25%, the rate on the main refinancing operations at 2,40% and the rate on the marginal lending facility at 2,65%. This is the first increase in almost three years, from September 2023. “The outlook remains uncertain, with upside risks to inflation and downside risks to economic growth,” said the ECB president Christine Lagarde at the press conference in Frankfurt.
