On the day of the Republic Day, which comes to80th anniversary, also celebrates the Milan Stock Exchange which stands out as the best among the main European stock exchanges, on a day marked in all Western markets by yet another attempt at recovery, betting on an agreement between the US and Iran. For weeks now, the situation has been moving at a blind eye, but today The Ftse Mib decisively breaks the deadlock and marks +1,61%, regaining the 50.000 points.Paris +0,77%, Frankfurt +0,46%, London +0,36%, Dow Jones +0,3%, S&P 500 +0,2%, Nasdaq Composite Index +0,2%.
Stmicroelectronics soars on the FTSE MIB, Unicredit also performs well while the takeover bid for Commerzbank mounts.
A brilliant session for Piazza Affari, with Stm +15% stands out, but also Prysmian +3,6%, Saipem +2,2%, Tenaris +2%Also worth noting is the good performance of Unicredit +1,6% and of banks in general, on the day in which the Ops is heating up of the bank led by Andrea Orcel on Commerzbank: between direct participation, financial instruments, and derivatives, Piazza Gae Aulenti already holds over 50% of the German institution's capital, which on the Frankfurt Stock Exchange lost significantly towards the end, closing with only a 0,5% increase. Today, however, Defense is still a drag: Fincantieri -2,7%, Avio -2,9%. The BTP-Bund spread narrows by 4% to 72 basis points., with the yield on the 10-year Italian BTP falling to 3,71%.
Commodities: Oil prices fall. Euro-dollar exchange rate and T-bond yields are performing.
The possible clearings in the Middle East are triggering two effects today: the yields on US T-Bonds, which had risen to their highest levels in almost 20 years for the 30-year benchmark and since the beginning of 2025 for the 10-year, are also tending to decline. Today 30-year yield drops below 5%, while the 10-year is around 4,4%. Oil is also decreasing, now stable below $100 a barrel: Brent is trading at $94,5 a barrel today, while WTI Crude Oil is trading at $91 a barrel.European natural gas fell more than 3%, trading at €47,5 per megawatt-hour on Tuesday, June 2. Gold hovered around $4.500 an ounce, and silver gained 1,5% to $76 an ounce. The euro rose slightly against the U.S. dollar, bringing the exchange rate to $1,164.
Another positive session for the Nasdaq: Micron continues its rally, Marvell surges.
Across the pond, the Nasdaq continues to set new records, and is also preparing for a wave of new, mind-blowing IPOs, from Space X to OpenAI. The 2026 stock, Micron, continues to dominate, up another 0,7% to above $1.000 per share. The exploit of the day, however, is that of Marvell, which collects 28%, followed by Hewlett Packard with 24%.Nvidia +0,7%, Google -1,6%, Apple +2%, Microsoft -3,7%, Qualcomm +4,7%, Tesla +1,5%. Palantir falls -6%, the worst performer is Intuit -10%. Bitcoin plunges, losing 5% in a single session and ending at $67.000., after surpassing $80.000 a few weeks ago.
