The US-Iran deal is now a done deal and can only spark a positive day on the stock markets in this first session of the week, from Europe to the United States. The Nikkei in Tokyo opened the scoring, rebounding by as much as 5%, then Milan +0,66%, Paris +0,4%, London at the end -0,3%, Frankfurt +1%, Dow Jones +1,2%, Nasdaq Composite Index +2,8%, S&P 500 +1,8%The best performer is therefore the Nasdaq, the index of technology stocks, because the second major driver of the day, besides peace in the Middle East, is the rally in artificial intelligence: Newcomer SpaceX increases by another 8%, Micron +10%, Sandisk +6%, Nvidia +2,7%, AMD +8%.
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Tourism stocks also bounce back on the Nasdaq. The euro strengthens against the dollar.
Also noteworthy among the best performing stocks on the Nasdaq are Doordash +11% and the revitalization of the tourism and travel sector, reinvigorated by the prospect of a return to normality in the Middle East and consequently for airlines in the height of the summer season: Booking +6%, Airbnb +5%. Among the traditional big tech companies, the best are Google and Meta with 3% each.Also noteworthy is the resurgence of Bitcoin, which remains at very low levels compared to a few weeks ago, at $66.600, but is now up 4%. Speaking of currencies, The euro strengthens against the US dollar, bringing the exchange rate back to 1,16.
Commodities: Oil hits $80, gold and silver rally
The first major consequence of the US-Iran agreement is the collapse of oil prices, which had already decreased in recent weeks after having exceeded 100 dollars, and today Brent and WTI Crude Oil both lost another 5%The former is now worth $83 a barrel, the latter $80 a barrel. In the last month alone, oil has lost a quarter of its value, but the balance since the beginning of the year remains positive, at 40% for WTI and 36% for Brent. European natural gas has plunged below €43 per megawatt hour, losing almost 10%. On the other hand, silver re-attains $70 an ounce and gold is gaining more than 3% today above $4,300 an ounce.
Piazza Affari nears 52.000 points, BTP Italia starts strong
On the first day of placement, the new BTP Italia Si attracted orders totaling €3,176 billion, with over 94,000 contracts subscribed. The BTP Italia Si, reserved exclusively for small savers, has a five-year maturity and a guaranteed minimum yield of 1,60%. The FTSE MIB index sets a new record. touching 52.000 points thanks to the four-wheeled exploits of Ferrari +4% and Stellantis +3,3%Banks also performed very well: Bper was the best performer at +3,3%, followed by Mediolanum at +2,8%, Banco Bpm at +2,5%, Unicredit at +1,7%, and Generali at +1.7%. The oil price crash caused Eni to lose 4,7%, while Defense also performed poorly, with Avio down 5,1% and Leonardo down 2,8%. Spread dropped sharply to 73 basis points, with the yield on the 10-year BTP at 3,68%.
