Stock markets were a bit out of sorts in this second session of February. Piazza Affari confirms the more than positive trend that began yesterday and largely consolidates the 46.000 points, but this is not the case for other European stock markets and on Wall Street the two main indices are moving at two speeds: the Dow Jones starts well (even if it gradually weakens) while the S&P 500 goes down by 0,4% and collapses Nasdaq Composite, which lost 1% around 17pm Italian time, dragged down by the difficulties of tech stocks. After the renewed optimism about Artificial Intelligence Recorded in Monday's session with the rise of key stocks such as Alphabet, which updated its record, or Palantir, the artificial intelligence data analytics company, or even microchip manufacturers, the sector is paying the price today: at the opening, Apple is down half a percentage point, Amazon -1,7%, Microsoft -2,4%, and Nvidia -2,8%. Micron goes from Monday's +5,5% to -2,6%. Even worse is PayPal, which after its disappointing quarterly results is down over 20%. Only Tesla is up +1%. In all this, the dollar loses a little against the euro, with the exchange rate at 1,181.
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Piazza Affari is doing well, while other European stock markets are doing so-so.
In Europe things seem to be going a little better even if Paris, despite the good news coming from the government and the Budget law finally approved, after a dramatic turmoil that has worried markets and public opinion, closes in the red. Frankfurt barely catches up with parity, London -0,3%. Milan, on the other hand, rejoices, driven up to +0,9% at 46.420 points by stocks in no particular order: energy is doing very well with Tenaris +2,7% and A2a +2,5%, Campari is recovering +3,3% and the best is Diasorin +4,1%In the wake of the US microchip sector, Stm is suffering -2,6%, but Nexi -4,9% and Amplifon -2,8% are doing even worse. Today Not bad for the defense which can catch its breath a bitLeonardo +0,7%, Fincantieri +0,6%. Eni is doing well, up 0,6%, benefiting from the recovery in oil prices after yesterday's plunge. And the banks? The day after the presentation of the new plan, Intesa Sanpaolo is still shining, up 1,6%. Unicredit is up 2,1%, while MPS is down -0,6%. BTP-Bund spread It remains comfortably in the 60 basis point area, with the yield on our 10-year BTP slightly up to 3,49% at 17 p.m. The Oat-Bund spread is narrowing after yesterday's boom, but the risk of French debt remains very close to ours.
Bitcoin, oil, gold, and silver: here's the situation
Bitcoin continues its downward trend And today, for a moment, it almost fell below $77.000, the lowest level since April 2025, from yesterday's close of $78.700. Last but not least, raw materials, which are always big players in this early 2026, albeit very volatile. After Monday's plunge, both oil and gold and silver are recovering today – moderately – and, in a big way. Black gold only gained about one percentage point for both Brent and WTI Crude, which are respectively in the $67 per barrel area and just below $63 a barrel in the minutes when European stock markets were about to close. Even more sensational, although still largely insufficient to restore the records reached in recent weeks, the recovery of gold and silver, which rose respectively by 7% to almost reach that fateful mark of 5.000 dollars an ounce and by 12% to almost 90 dollars an ounce.
