Fifth day of conflict around Iran and There is still a lot of confusion in the financial marketsFrom Asia to America. In the European morning, Tokyo's Nikkei experienced a mini-rebound, rising 1,9%, while the Seoul Stock Exchange performed even better, rising 9%, after losing 12% in Wednesday's session, its worst ever. The climate in Europe was similar: Piazza Affari drops 1,6% and returns below 45.000 points., dragged down by the collapse of Nexi (-16,6%, after the accounts and the new plan judged disappointing) and Amplifon -13,2%, and by the persistent uncertainties of banking stocks, in particular MPS which, following the board meeting that confirmed the exclusion of CEO Luigi Lovaglio from the list for the next board, is still falling by 4,2% today. Defense is also doing very badly: Leonardo -6,1%, Fincantieri -6%. Energy stocks are recovering on the rally in oil and gas: Snam +1,6% after the 2025 accounts beyond expectations, Eni +1,3%. The best stock on the Ftse Mib is Campari +10% the day after the publication of the 2025 results with growing profits and dividends.
READ HERE TODAY'S LIVE STOCK MARKET REPORT
The other European Stock Exchanges are also in red
Other European markets also fell, with percentages in line with those of Milan: Paris -1,5%, Frankfurt -1,6%, London -1,3%. The Euro Stoxx 50 index lost about 1,5%. Wall Street also suffered: The Dow Jones plunges more than 1,6%, slipping below 48.000 points., while the Nasdaq Composite Index limited the damage, losing only 0,4% around 5:30 PM Italian time, thanks to the rebound of stocks such as Broadcom +5%, Nvidia +0,3% and Microsoft +0,4%. Otherwise, however, the red prevails on technology stocks: Apple -0,6%, Alphabet -1%, Meta -1,1%. On Tesla parity, but everything seems very volatile and destined to change over the next few hours. However, it seems certain Bitcoin's latest crash which yesterday had found the 72.000 dollar mark and instead today lost 2,5% to the 71.000 dollar area. The exchange rate between the euro and the US dollar remains in the 1,15 zone, with a recovery trend for the US currency.
Oil hits a year-and-a-half high, while gold and silver fall.
We have already mentioned raw materials. new oil boom, triggered once again by the escalation of the conflict between the US, Israel, and Iran, with the involvement of the entire Middle East region and the blockage of the Strait of Hormuz, on whose transit a large part of the global supply chain of crude oil and other goods depends. In today's session alone WTI Crude Oil surges more than 5% to $79 a barrel, its highest since summer 2024Brent crude oil from London also hit $84 a barrel, its highest level since July 2024. Gas prices rose more modestly today. Gold and silver, on the other hand, were having a tough day: the former held onto the $5.000 an ounce mark but lost 1%, while silver fell more than 2% but managed to hold steady, albeit just above $80 an ounce, around 17 p.m. Italian time.
BTP-Bund spread rises and BTP Value begins its fourth day
For the BTP-Bund spread, the financial turbulence has caused it to rise again by 72 basis points, with the 10-year BTP yield at 3,57%. Today was also the fourth day of placement for the seventh issue of the BTP Valore, whose orders have exceeded 15 billion eurosThe 2 billion euros today at 16:48 PM (with approximately 70 contracts) are in addition to the requests for 13,02 billion euros received in the first three days. Last Friday, the Ministry of Economy and Finance (MEF) had communicated the guaranteed minimum coupon rates: 2,50% for the 1st and 2nd years; 2,80% for the 3rd and 4th years; 3,50% for the 5th and 6th years. At the end of the placement, the final coupon rates will be announced and may be confirmed or revised upwards, based on market conditions. The placement is held from 2 to 6 March 2026 (until 13 pm), except for early closingInvestments start from a minimum of €1.000, with the guarantee of always receiving the requested amount.
