Le European stock exchanges they closed a cautious session, after having reduced the initial losses thanks to the data on theAmerican inflation, weaker than expected, which strengthens expectations for a less restrictive Federal Reserve. However, enthusiasm remains dampened by the tensions in the Middle East and the rise in energy raw materials, with the Petroleum under observation following US President Donald Trump's statements on the Strait of Hormuz.
A Business Square The FTSE MIB recovered ground late in the day and closed up 0,10% at 52.862,50 points, after a negative morning. The tone among the major European markets remains cautious: Frankfurt 0,12% salt, London of 0,24%, Madrid by 0,14% and Paris 0,09%.
The key data of the day comes from the United States: inflation slowed to 3,5% annually in June, below the 3,8% expected by analysts, while consumer prices fell 0,4% on a monthly basis, more than forecast. The slowdown fuels bets on a more dovish Fed and supports the outlook. Wall Street, with the American indices in positive territory: the Nasdaq leads the rise thanks to the recovery of technology and semiconductor stocks.
Meanwhile, anticipation is building for the hearing of Fed Chairman Kevin Warsh before the Commission. for financial services of the House. In the text prepared in view of the speech, the head of the Federal Reserve promised that the US central bank will “free” the US from an “inflationary spike” that has been going on for years. "The Fed's primary goal is to implement the right monetary policy, or as close to it as possible," Warsh will tell Congress. "If we can implement the right policy—and we will— the inflation surge of the last five years will be just a memory”, he will add.
Sul front corporate, the quarterly earnings season has officially begun: JP Morgan, Bank Of America, Goldman Sachs, Wells Fargo e Citigroup They have published their accounts, all with profits in sharp increase.
Returning to Business Square attention remains focused on the banking sector: in the sector Bpm bank falls on the day of the board of directors which is expected to take stock of the merger proposal sent to MPS last June 6th. Sales also on Bper and FinecoAmong the best of the Ftse Mib stand out Prysmian, Fincantieri, Avio e A2a. Well Eni in the wake of rising oil prices. At the bottom of the list Inwit, penalised by the rejection of the request for suspension against the withdrawal of Fastweb+Vodafone from the Master Service Agreement contract, followed by Brunello Cucinelli, Campari, and Ferrari.
Outside the Ftse Mib Gens Aurea debuted on Euronext Milan, the first IPO of 2026 on the Italian Stock Exchange's main market. The stock, which had risen in the opening minutes, closed in negative territory.
Looking at other markets, on the currency the euro recovers ground and returns to 1,14 dollars, while among precious metals, the price of'gold.
