This time the markets really believe in peace and close the week on a high, with Piazza Affari even closed at record levels, at its highest since 2000. Galvanizing the stock markets all over the world (with the exception of the Nikkei index in Tokyo which in our morning had marked -1,75%) in addition to the 10-day ceasefire between Israel and Lebanon is also the meeting of the "Volenterosi" in Paris, which this time was also attended by our Prime Minister Giorgia Meloni, to discuss the immediate and unconditional reopening, without tolls, of the Strait of HormuzSigns of optimism have caused the prices of the Oil prices fell below $90 a barrel todayBrent remains close, losing 10% and remaining at $89 a barrel, while WTI Crude Oil falls below $84 (-12%).
READ HERE TODAY'S LIVE STOCK MARKET REPORT
Even the gas leaks a lotEuropean prices fell below 40 euros per megawatt-hour for the first time since the end of February, hovering around 38 euros. Meanwhile, safe-haven commodities are regaining momentum: Gold gains nearly 2% and heads toward $4.900 an ounce, which would be the record since mid-March, while silver made a larger percentage jump, of 5%, reaching $82 an ounce. Gold is on track to close the week up 0,8%, marking its fourth consecutive weekly gain, supported by expectations that a more lasting agreement between the United States and Iran could reduce inflation risks and limit the need for a restrictive monetary policy by central banks.
In this scenario, the stock markets are celebrating. Let's start from Milan, which is close to an all-time record, advancing by 1,75% to touch 49.000 pointsParis gained 2%, driven by Stellantis, Stm and Hermes, then Frankfurt +2,25%, London +0,7%, Amsterdam +0,7%, Euro Stoxx 50 index +2%. Wall Street also started very strongly: Dow Jones +2%, S&P 500 +1,35%, Nasdaq Composite Index +1,6%. It should be noted that The euro resumes its strengthening against the US dollar, bringing the exchange rate back above 1,18 this Friday.Bitcoin had a triumphant session, jumping a massive 4% and approaching $78.000, its highest level since early February. Netflix plunges 10% on the Nasdaq after the farewell of co-founder Reed Hastings and quarterly data that did not meet expectations, but Technology stocks are generally soaringTesla +5%, Palantir +3,6%, Apple +3,2%, PayPal +2,2%, Microsoft +2%, Amazon +1,6%, Nvidia +1,5%. The optimistic momentum in tourism continues: Marriott +4,2%, Booking +3,7%, Airbnb +2,8%.
Record-breaking Piazza Affari with Stellantis, STM, and the banks
At Piazza Affari as in Paris Stellantis +6,8% and Stm +6,5% are the leaders, then luxury with Ferrari +5,2%, Brunello Cucinelli +4,3%, Moncler +2,9% and above all the banks, in great shape: Mediobanca +5,2%, Mps +4,2%, Mediolanum +4,2%, Finecobank +3,9%, Unicredit +3,8%. The stocks in difficulty are instead those of the energy sector, evidently penalised by the collapse of crude oil: Eni the worst with -7%, Saipem -5,35%, Tenaris -2%, Terna -1,9%, Snam -1,7% and so on. The good news today is also that The BTP-Bund spread has significantly deflated, losing almost 7% to 72 basis points., with the yield on our benchmark 10-year government bond also falling to 3,68%.
