Il Tokyo's record rebound (Nikkei +10,23%, after the worst session since 1987) did not affect the European stock markets today, which closed a volatile and contrasting day, while overseas Wall Street recovered in the middle of the day.
Piazza Affari brings up the rear and loses 0,6%, falling to 31.107 basis points, despite the jump of Montepaschi (+8,69%). The Sienese bank presented quarterly numbers and objectives beyond expectations: net profit rose to 1.159 million (+87% compared to the same period in 2023), with traders and analysts also appreciating the increase in the payout ratio to 75% from 50% in the previous guidance. Instead, the big banks weigh on the price list.
In the rest of the continent they are in red Madrid -0,33% and Paris -0,27%, while Frankfurt earns a shy 0,13%, in tune with London +0,18%. It stands out above all Amsterdam +0,73%, in the wake of the rebound in US tech stocks.
On the foreign exchange market it is the dollar is recovering, although the yen continues its positive phase following the rate hike by the Japanese central bank.
Among the raw materials is little moved the oil, held back by fears about the Chinese and American economies, while looking at the risk of an expansion of the conflict in the Middle East.
Wall Street rising
After three days of losses and a black Monday, Wall Street seems to be headed for a partial recovery today. The Dow Jones rises by 0,87%, the S&P 500 appreciates by 1,39% and the Nasdaq by 1,36%.
Among the various titles it is still letter on Apple -1,85%, which yesterday was affected by the news that Warren Buffett got rid of half of his shares in the Cupertino company in his portfolio. Nvidia instead it regains possession of around 5%, after the losses of 6% the day before, while waiting for the quarterly report Super Micro Computers (colorless) which could provide new indications to a market that is wondering about the developments of artificial intelligence.
The fear index drops
The concerns of these days are not over and the picture could still suddenly change. L'index of fear, skyrocketing yesterday, however appears to have halved in these hours and providing support for greater optimism is the fact that fears about the Stars and Stripes economy have been reduced, while Fed officials are trying to reassure the markets. Traders now expect the Fed to ease 110 basis points this year, with an 80% chance of a 50 basis point cut in September taken for granted yesterday.
In the political sphere, again from the world's largest economy, comes the news that Kamala Harris indicated as a candidate vice president at the White House, Minnesota governor Tim Walz.
Piazza Affari, everyone is crazy about MPS
From Cinderella to princess MPS appears to be the most popular blue chip on the market today, in a financial sector that is overall weak and worried about possible new taxes. They retreat Bper -1,77% Unicredit -1,61% Understanding -1,44% Finecobank -1,33%. It also closes lower Banca Popolare di Sondrio, -0,87%, dafter the quarterly report and estimates for the current year "at least in line with 2023". CEO Mario Alberto Pedranzini believes that "the time has come to also review our industrial plan to establish a new starting point on which to compare ourselves". The current plan is scheduled to expire in 2025.
Among the worst big names of the day there are also automotive stocks such as Ferrari (-1,52%) And Pirelli (-1,7%), although Iveco (+2,05%) moved against the trend.
They bounce nexi + 2,48% Prysmian + 1,36% Recordati + 1,03%.
Stable spreads
The secondary closes a quiet session: lo spread between ten-year BTPs and Bunds of the same duration it is indicated at 152 basis points, with stable rates at 3,65% and 2,13% respectively.
