After an uncertain opening, influenced by yesterday's negative closing at Wall Street and from the weakness of the Asian markets, the European stock exchanges, which in the morning had shown timid positive signs, they are all in red at midday. In general, one perceives a climate of uncertainty on the European markets.
Milan tries to remain stable by staying around parity. The 100 FTSE of London goes down 0,39%, while the DAX of Frankfurt records a decline of 0,33%.IBEX 35 of Madrid loses 0,72%, and the 'AEX of Amsterdam marks a contraction of 0,75%The worst square turns out to be Paris, with the CAC 40 that loses the 1,02%.
Wall Street opens lower, with the Dow Jones, Nasdaq and S&P 500 recording slight losses. The technology sector remains under pressure, while the 10-year Treasury yield exceeds 4,7%. Close attention is being paid to Trump's next moves, with some rumours suggesting he is ready for a declaration of national economic emergency to justify the introduction of tariffs on allies and adversaries.
Among the sectors in positive territory in Milan, the one that stands out is Defense stocks rally, supported by the appeal of Trump for an increase in NATO spending up to 5% of GDP.
Among the best performances, Leonardo, Bper e Banca Mediolanum (+2,73%). On the contrary, significant drops were recorded for nexi (-2,99%), STMicroelectronics (-2,61%) And Amplifon (-2,34%).
The stock markets are trying to put fears about theAmerican inflation and doubts about the possible moves of the Fed. Investors' eyes remain fixed on the data. In December, the United States created fewer jobs than expected in the private sector according to the Adp. report: 122.000 against the expected 134.000, while the November figure was confirmed at 146.000. Furthermore, the claims for unemployment benefits fell to 201.000 in the week ending January 4, better than expected (215.000). The total number of beneficiaries, however, increased by 33.000, reaching 1.867.000. The minutes of the December Fed meeting will be published tonight (20:XNUMX p.m. Italian time).
On the European front, we look at the f indexeconomic confidence in December, while Germany recorded a decline in manufacturing orders in November (-5,4% quarterly and -1,7% annual).
In Milan, attention is once again focused on bank risk: Illimity flies after the takeover bid launched da Bank Ifis at 3,55 euros per share.
Spotlight also on theauto in the wake of rumors that speak of a possible agreement between Stellantis, Toyota, Ford, Mazda and Subaru with Tesla to comply with 2025 emissions and avoid fines.