Calano i yields of T-bonds and the rush to the , while the stock markets remain cautious, worried by the news coming from the Middle East. After having defined the Strait of Hormuz as a "new US territory", the American president, Donald Trump, said that no talks with Iran are underway, nor are any planned. Meanwhile, the Financial Times revealed that Iran has assessed the possibility of striking US military targets in southern and southeastern Europe if the president Donald Trump decided to escalate the conflict. According to the newspaper's sources, Iranian forces have been considering possible attacks against US assets in countries such as Bulgaria, which last month authorized the use of Bezmer air base to refuel US military aircraft, and Cyprus, which was reportedly being considered after a British base on the island was hit by a drone in March.
T-Bond Yields Fall as Gold Rush Resumes
But what is also attracting the attention of the markets is the announcement of the Treasury Department The US government has announced an expansion of long-term government debt buybacks. The move affects maturities ranging from 10 to 20 years and from 20 to 30 years, with the maximum size of buybacks increasing from $2 billion to at least $4 billion. This change has triggered a decline in bond yields. Treasury, but above all the race to which rose by 2,83% to $4.456 an ounce in the spot contract and returned to the highest level since the beginning of June, while futures gained 2,16% to $4.460 an ounce. Other precious metals are also rising, fromsilver (+2,86% to 65,14 dollars spot and +2,2% to 65,35 futures) at Platinum (+3,6% to 1.775 dollars spot and +2,09% to 1.726 futures). The weakening of the dollar, dropped to 1,1668 against the euro.
Wall Street rises: Moderna in orbit, T-Bond yields already up
While awaiting the Fed minutes and following the drop in yields due to the Treasury Department's announcement, the US stock market is rising. Dow Jones gains more than half a point, the S & P 500 rises by 0,5%. It also recovers the Nasdaq, which marks +0,2%.
On the corporate front, Modern is in orbit (+123%), after Success of late-stage trial for melanoma vaccine developed with Merck, whose stock gains more than 10%. All the stocks in the sector rise in turn: Eli Lilly + 4,72% Pfizer + 3,6% Gilead + 3,7% AbbVie + 2,3% Johnson & Johnson +1,6%. Contagion effect also in Europe: in London Astrazeneca advances by 2,76% in Zurich Novartis rises by 1,48%.
Returning to the US, it also advances by more than 7% Marvell Technology, driven by the announcement of a deal with Google on TPU chips, which includes the assignment to Google of a warrant to purchase up to approximately 59 million ordinary shares of the company. Oracle, on the other hand, weighs heavily, following rumors from the Wall Street Journal according to which the second quarter results of OpenAI, Despite revenues growing 18% compared to the first quarter, they showed increasing losses.
In beauty, it flies Estée Lauder, up 16% after Fiscal fourth quarter earnings and revenue beat consensus, with an adjusted earnings per share forecast of $3,10 to $3,35 for fiscal 2027.
Semiconductor stocks also supported sentiment after the South Korean memory chip maker SK Hynix announced the Share buyback of 40.000 trillion won (28,6 billion U.S. dollars)The stock gained 2,9%. The sector had suffered a sharp decline in the previous session, when rising bond yields had hit the year's most prominent tech stocks hard.
European stock markets are mixed, the car is racing
In this context Business Square closed down 0,75% at 52.618 euros, recording the worst performance in the old continent. Stable Frankfurt (-0,01%), Paris (+0,05%). It advances by 0,14%. London, while Madrid yields 0,4%.
I share highlighted across the continent, with sector stocks posting the most significant gains on a flat day for the markets. At Piazza Affari Stellantis salt by 5,9% and Classic Ferrari for sale advances by 1,43%. In France, purchases also pay off Renault (+2,1%), while in Frankfurt they rise Volkswagen (+ 2,4%), Porsche (+ 1,7%) and bmw (+1%). Buying was driven, on the one hand, by investors' rotation toward stocks more closely tied to the real economy, and on the other by good news regarding tariffs coming from the United States. The US and Canada are close to a new trade agreement, and for this reason, US President Donald Trump announced a three-day suspension of the 50% import tariffs that were due to take effect today.
In Milan, focus on banks
In Milan, investors' eyes are on the banks: the extraordinary board of directors has been called for tomorrow. Ps (-2,2%) and, according to rumors, CEO Lovaglio is expected to present the alternatives to Intesa's takeover bid to the board of directors. Two takeover bids, one in Bpm bank (-0,5%) and one in General Bank (+1,66%). Sales also on Mediobanca (-2%), Generali and Unicredit, both down more than 1%, down Unipol (-2,5%).
At the bottom of the Ftse Mib there is stm (-3%), purchases on Moncler (+1%) following Estée Lauder ee Recordati (+ 0,95%).
