Le European stock exchanges, after having touched historical highs, closed the session in rise, but with a certain restraint. The enthusiasm for the defense titles, in view of a European rearmament plan, has given an important boost. Frankfurt leads the race with a +2,72%, breaking through the 23 thousand point mark and establishing a new record thanks to Rheinmetall (+15,28%). Also Paris (+1,24%) closes on the rise with the surge of Thales (+ 16,88%) and Milan with the rally of Leonardo (+17,38%) narrowly regains the 39 thousand points. Also doing well London (+ 0,7%) and Amsterdam (+0,95%), less euphoric Madrid (+ 0,41%).
Meanwhile, theinflation in the Eurozone fell to 2,4% in February, but remained above expectations (2,3%), a figure that keeps attention high in view of the ECB meeting on 6 March. Markets are also focused on US duties, with the imminent entry into force of new tariffs on imports from China, Canada and Mexico, expected for the 4 March.
In America, nervousness over the introduction of tariffs, together with the slowdown in the ISM manufacturing index (which fell to 50,3) sends the price lists are in red of Wall Street. The tech stocks continue to suffer, with Nvidia especially under pressure, while Tesla bounces after Morgan Stanley upgrade. Meanwhile, the Bitcoin soars above $93, driven by Trump's announcement of the creation of a national strategic reserve of cryptocurrencies. The recovery also affects platforms Coinbase e Robinhood e microstrategy.
A Business Square, Besides Leonardo, stands out Iveco, which gains +6,35% after the confirmation of the spin-off of the Defense division. Banks are still in the spotlight, with Unicredit up 2,79%, supported by CEO Andrea Orcel, who is in Rome today for meetings with government officials. Also doing well Pop Sondrio (+ 2,21%), Ps (+ 2,15%), Bper (+ 2,10%), Understanding (+ 1,65%) and Bpm bank (+1,39%). Among the declining stocks, Amplifon loses 2,38%, Saipem slips by 2,32%, and Diasorin is down 1,43%, with a negative trend that also involves some technology and luxury goods stocks such as Prysmian (-1,4%) And Brunello cucinelli, which marks a -1,36% after the downgrade by Stifel.
spread Btp-Bund down to 106 points, with the Italian 3,54-year yield at +XNUMX%.
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