Le European stock exchanges close in rise thanks to the slight clearing on the duties. Leading the sprint is Milan (+2,39%), at 35.843 points, followed by other European markets. More contained Paris (+0,93%), weighed down by the thud of lvmh (-7,27%) after a quarter closed with revenues below expectations. Meanwhile Wall Street moves cautiously after two positive sessions. Banks in evidence: Citigroup beats expectations with earnings of $1,96 per share, Bank of America marks +11% on profits. Waiting for the accounts of Netflix, below Boeing after the Chinese halt to aircraft deliveries.
While we await – tomorrow – the probable rate cut of the ECB, the temporary suspension of the duties US reciprocal deals on smartphones, computers and other electronic products are boosting the price lists, while the markets are now awaiting the next moves of US President Donald Trump, who however stressed yesterday that the tariffs will be decided "soon". Driving the continental markets is theautomotive, in the spotlight in the wake of the hypothesis that the White House could reduce some of the 25% duties on cars to mitigate its economic impact following the alarm raised by the main star-spangled automotive groups.
And so Milan the best title is Stellantis (+ 6,46%), Leonardo (+5,16%) and the banks: Bpm bank (+ 3,6%), Mediobanca (+ 3,52%), Unicredit (+ 3,12%), Bper (+ 2,92%), Understanding (+2,89%). Also in green Telecom Italy (+0,67%), after the agreement with Mef and Retelit for the sale of Sparkle. In red only Amplifon (-4,61%) And Campari (-1,6%).
Lo spread between BTPs and German Bunds closes at 118 basis points, with rates slightly increasing to 3,72% and 2,54% respectively.
