Le European stocks rise sharply at midday, thanks to a series of positive developments on the international level. The first agreement on tariffs between Usa e China, together with possible negotiations between Zelensky e Putin, and the truce between India e Pakistan boost investor sentiment. A Business Square, the rally is in line with that of other European markets, driven by the agreement between the United States and China, which led to the creation of a "consultation mechanism" on trade and the temporary suspension of reciprocal tariffs for 90 days.
They are well-tuned Paris, and Amsterdam while they rise more moderately Frankfurt, London e Madrid. Milan is in great shape, reaching 40 thousand points (before then falling again), supported by the performances of STMicroelectronics but especially of Stellantis that earn more than 9%. Also good Iveco. The rally continues Mediobanca. Black shirt for Leonardo.
Asian stocks are also toned with Hong Kong (+1,4%) marking the eighth consecutive day of increases and Tokyo which advances of the 0,33%.
Rocket opening also for Wall Street with all indexes gaining more than 2,5%
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At Piazza Affari it is the Unicredit's day of reckoning: best quarter in its history with a net profit of 2,8 billion euros (+8,3%) and growing revenues 2,8%, driven by commissions (+8,2%). The CEO Andrea Orcell said the bank had delivered “historic results” and revised its forecasts for the year upwards, with net profit expected to be above 9,3 billion.
On the raw materials front, the natural gas price TTF a 34,88 euros/MWh and Petroleum (Light Sweet Crude Oil) mark a rise in 3%. The decline isgold, which loses the 0,89%.
THEEuro/US Dollar marks a slight decline, while the BTP-Bund spread improves, going down to 98 basis points.
