The main European stock exchanges confirm their rise, showing resilience compared to the weak performance of the US indices. While the Dow Jones marks a modest increase of 0.07%, the Nasdaq records a decline of 0.24%. In contrast, the European markets show brilliant performances: Milan (+1.7%), Frankfurt (+1.55%), Paris (+1.25%), Madrid (+1.2%) and London (+0.4%) assert themselves as protagonists. The spread between Italian BTPs and German 10-year Bunds falls to 121.9 points, with the annual yield on Italian government bonds falling by 5.5 points to 3.57%, while the German one falls by 3.2 points to 2.35%.
The commodity market shows signs of recovery: the price of WTI crude oil increases by 1.1%, reaching 69.21 dollars per barrel, while natural gas grows by 3.88%, settling at 45.35 euros per MWh. Gold finds room for an increase of 0.62%, rising to 2,563.34 dollars per ounce. In the luxury sector, Burberry surprises with a jump of 18.4% after the publication of its quarterly results. This positive effect is also reflected in other brands: Kering (+3.76%), Swatch (+3.3%) and Richemont (+2.54%) follow closely behind.
At Piazza Affari, Mps stands out (+12.51%) thanks to the placement of 15% by the Treasury and the purchase of 5% by Banco BPM (+2.78%). Tim gains a significant +8.66%, supported by financial results and the prospect of a return to dividends. The Minister of Enterprise Adolfo Urso announced a fund to incentivize investments in the automotive sector. This initiative benefited the performance of Stellantis (+2.54%) and Volvo (+3.72%), the latter confirming negotiations for the sale of its stake in the manufacturer Lynk & Co.
Matteo Salvini underlined the positive role of the State in safeguarding MPS: “Thanks to the action of the State and to an orderly management, today MPS becomes an attractive center for large Italian investors.” In conclusion, despite global uncertainties and the contrasting performance of the American markets, European stock markets are showing signs of recovery that could herald a positive phase for the European economy in the coming months.
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