Le European stock exchanges they keep traveling in red, widening the losses after the intervention of Christine Lagarde to the European Parliament. The President of the ECB stressed that the US duties on European imports could reduce Eurozone growth by approximately 0,3 percentage points.
Meanwhile Wall Street opens lower, erasing yesterday's gains fueled by the positive effect of Powell's words, which had reassured markets on concerns related to tariffs and slowed the reduction of the balance sheet.
Read EVEN Stocks, Fed forecasts rate cuts this year
Today all eyes are on the central banks: after the Fed that left the rates unchanged, Also Bank of England confirmed the key rate at 4,5%. riksbank Swedish followed the same line, while the Swiss National Bank has cut the rate by 25 basis points. Meanwhile, the European Council is called to take stock, in particular on the EU rearmament plan, after the signs of détente on the Ukrainian front that emerged from Telephone conversation between Zelensky and Trump.
At Piazza Affari, the spotlight is on banks, defense and nexi, with rumors of an 850 million offer from the US investment fund Tpg for the Digital Banking Solutions division. Also featured Enel, with Bernstein raising the target price to 8,30 euros, and Moncler, with Citi bringing it to 71 euros. Saipem, instead, sees the target price reduced to 3,30 euros. stm is struggling with the Resignation of Maurizio Tamagnini from the Supervisory Board, while Stellantis confirms that the announcement of the new CEO will come by mid-year, with expectations of growth in Italy in 2026.
