Stock markets all in the red on this Friday 15 May, the last session of a week which was once again particularly intense and marked by various drivers: as usual the conflict in the Middle East and the fluctuations of oil and other raw materials, but also the political crisis in the United Kingdom and the meeting in Beijing between Donald Trump and Xi Jinping, which saw the tycoon, so to speak, less bold than usual.
The result is that today the technology stocks listed on the Nasdaq, especially those most directly linked to artificial intelligence and microchips, are paying a heavy price after several rally sessions: Nvidia -4%, Micron -6%, Intel -6,2%, AMD -3,5%Almost all the classic big tech stocks also fell: Amazon -1,5%, Tesla -4,1%, Meta -0,6%, Google -0,8%. Microsoft +3,5% and Apple +1,1% rebounded. Bitcoin fell again below $80.000 while The US dollar brings the exchange rate against the euro to a low of 1,16.
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Piazza Affari loses 50.000 points, but AI hype favors Technoprobe.
As for the indices, the Nasdaq Composite started badly with -1,3%, the Dow Jones -0,8% and the S&P 500 -0,9%. In Europe Piazza Affari says goodbye to the 50.000 points it gained just yesterday with a -1,87% drop., followed by Frankfurt -2%, Paris -1,6%, London -1,9%, and Amsterdam -1,2%. Milan was weighed down by the 4,2% plunge in StM, which suffered profit-taking after the recent trading gains. Stellantis suffered the same fate, falling 3,5%. Then the banks fell: Bper -3,7% and Mediolanum -3,2% were the worst performers of the day, while Intesa Sanpaolo -1,5% and Unicredit -1,5% also fell. Bucking the trend, Avio +2% and Diasorin +1,4%.
Out of the main basket, On the Euronext index, the prodigy of Technoprobe +32% should be noted, a company operating in the semiconductor sector, following its results showing consolidated revenues of €187 million, up 19%, thanks to the contribution of growing volumes related to artificial intelligence. Ferretti also fell 9,6% on the Euronext. after the change at the top of the megayacht company, which is effectively coming under Chinese control. Up more than 6 percentage points the BTP Bund spread, which is approaching the 80 basis point mark, with the 10-year BTP yield at 3,94%.
Commodities: Oil price rises sharply, gas hits a month-high of 50 euros.
It's a busy day for strategic commodities. Geopolitical tensions continue to support oil prices well above the psychological threshold of $100 a barrel. Brent crude is trading at $109 a barrel today and WTI Crude Oil fluctuates at the moment we publish just below 105 dollars a barrel. An even more significant leap for European natural gas, which on the Amsterdam Stock Exchange gains over 5% and The price re-attacks the 50 euro per megawatt hour mark, the highest level in over five weeks., in a climate of growing fear of prolonged supply disruptions. a fifth of the world's LNG supply has been disrupted From the beginning of the war to the end of February. Gold and silver plunge: the former drops more than 2% and retraces to $4.500 an ounce, the latter loses a whopping 8% to $76 an ounce.
