European stock exchanges positive as investors eye new tariffs of between 10% and 12,5% announced by Washington on major trading partners, part of a new round of trade barriers that, according to the Trump administration, are aimed at combating forced labor and replace the temporary global tariff of 10%.
The indices of the Old Continent, after the initial downward movements, are pointing to an increase: from Ftse Eb from Milan to Cac of Paris passing through the Dax of Frankfurt, theAex of Amsterdam and theIbex In Madrid, stock markets are trading in positive territory.
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On the commercial front, theEuropean Union However, he welcomed the new tariffs with relief, after the concerns raised by the 890 million fine imposed on the American technology giant GoogleIn particular, said Olof Gill, spokesperson for the European Commission, "the EU welcomes the fact that this outcome is in line with the tariff commitments made by the United States" under the trade agreement concluded last year between Brussels and Washington, which provides for a 15% tariff cap, excluding steel and aluminum, food and agricultural goods, fertilizers, and energy.
Meanwhile, in Middle East, while trying to carry on the mediations between Washington and Tehran with a ceasefire that still seems far away, concerns are added for the attacks of the Yemeni Houthis, supported by Iran, which threaten maritime traffic in the Red Sea. This new scenario fuels fears of supply disruptions from the Middle East, with the isolation of the strait connecting the Red Sea to the Gulf of Aden and the Indian Ocean, Bab al-Mandeb, a major trade hub, especially given the disruption to traffic in the Strait of Hormuz.
I oil prices However, they are retracing after yesterday's surge that pushed Brent futures above $100 a barrel for the first time in two months. European natural gas remains stable.
On the stock, the quarterly season continues to influence the price lists. A Business Square this morning it was the turn of Poste Italiane, which saw a fluctuating start, first down to -1%, then turning positive, and now at par, after having concluded the first half of the year with record revenues of 6,8 billion, up 6% on the year, and standalone guidance confirmed for 2026 and the dividend policy. Poste, which launched the takeover bid for Tim whose deadline is September 11, will present the industrial plan of the new integrated entity in the first quarter of 2027.
At the top of the Milanese price list is instead Amplifon which benefits from the Citi's rating upgrade, which goes from “Neutral” to “Buy”, with a 12-month price target of 16,50 euros. The entire banking sector performed well, with Intesa Sanpaolo, Mediobanca e Bpm bank among the best, while also recovering Unicredit After the slide on the previous day after the results. Oil stocks are at the bottom of the list, in the wake of the correction in crude oil prices after the previous day's rally: down Tenaris ed Eni.
