Negative start for European stock markets, weighed down by uncertainty on the trade and geopolitical front. Investors remain cautious as they await developments in negotiations between the United States and China and Ukrainian Peace Summit in Istanbul, in which neither Vladimir Putin nor Donald Trump will take part. In this climate, the Ftse Mib falls back (but holds 40 thousand points), also decreasing Paris e Amsterdam while they attempt a timid leap London Madrid e Frankfurt.
The climate of caution had already emerged overnight in Asia, where the markets moved downwards: Tokyo closed down 0,97%, weighed down by the weakness of technology stocks and nervousness over uncertainties over the final trade agreement between Washington and Beijing. Other Asian markets also negative as is also the start of negative Wall Street.
The president of the Federal Reserve, Jerome Powell, warned that “we could enter a period of more frequent and potentially more persistent supply shocks, a difficult challenge for the economy and for central banks”.
A Piazza Affari spotlight focused on several quarterly reports. Iveco loses after below-expected results and the announcement of the Defence division spin-off project, while confirming the 2025 guidance. Also decreasing Pirelli, which has spread solid accounts but suffers from stalemate in negotiations with Sinochem on the shareholder reorganization. Weak also Eni after having made it official exclusive negotiation with Ares is preferably used for 20% Plenitude sale, with an implicit valuation between 9,8 and 10,2 billion euros. Oil stocks are slowing down, with Saipem e Tenaris falling in the wake of the oil slump.
Among the best titles stands out Leonardo e Hera in the aftermath of quarterly. Increases also for Team. Banks are down. Out of the main basket, Ferragamo sinks over 7% after disappointing results.
On international markets, theEuro strengthens slightly against dollar at 1,121. It remains stable BTP-Bund spread, which fluctuates just above 100 basis points (currently at 101), with the yield on the Italian 3,63-year bond at XNUMX%.
Among commodities, the correction of the continues Petroleum, penalized by OPEC forecasts of a slowdown in demand in 2025-2026: WTI drops 3,6% and slips to 60,85 dollars a barrel. Also decreasing is thegold, which loses more than 1% at $3.142 an ounce, while the natural gas starts to rise again (+0,6%) at Amsterdam. Bitcoin in bending to dollars 102.000, down 1,5%.
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