Le European stock exchanges remain weak and volatile, caught between the new surge of the Petroleum towards the 90 dollar mark and sales on I share technological that have overwhelmed the Asian markets. Investors are looking to new escalation in the Middle East and await the verdict of the Fed on rates, while attention remains high on the quarterly results of major American technology companies. Brent crude returns to nearly $90 a barrel and WTI is approaching $85 following renewed tensions between the United States and Iran, with Donald Trump threatening a harsh response to Tehran's attacks on U.S. targets.
Milan e Frankfurt They limit their losses, while remaining in the red Paris e Amsterdam, the latter penalized by the weakness of semiconductor stocks. London It is moving against the trend and updating its historical highs: the FTSE 100 has reached 10.951 points, approaching the 11 threshold, also favored by the list's lower exposure to technology stocks compared to other international markets.
The pressure on semiconductors is being felt especially in Asia and also weighs on the start of Wall Street, where the indexes are moving downwards after the opening. The new surge in oil prices, fueled by tensions in the Middle East, and the Fed, not so much for the decision on rates – expected to remain unchanged – but for the reading that the board led by Kevin Warsh will give an indication of the economic trendInvestors remain doubtful about the sustainability of the massive investments in artificial intelligence and the future profitability of the chip sector, ahead of the big tech companies' quarterly results: Microsoft and Meta. In Asia, another difficult session for the Kospi, which dropped as much as 13% during the day before halving its losses at the close, while the Sk Hynix quarterly It wasn't enough to reassure the market: the stock fell by around 20% in Seoul, closing down 10,6%.
READ MORE The Kospi crashes again: has the tech bubble burst? di G. Bruschi
Piazza Affari is also led by the numerous quarterly coming soon: Eni It rose to the top of the list after doubling its second-quarter earnings and revising its guidance upward, announcing a decision on its extraordinary dividend in October. Little movement. Intesa Sanpaolo after the record results of the first half of the year, with a profit of 5,6 billion and a 2026 target revised upwards, while General Bank records profit-taking after the best half-year in its history. Terna Instead, it moves in negative territory despite a solid half-year, with growing revenues and margins, investments over 1,5 billion. Purchases on Moncler, supported by the recovery of the luxury sector, while it is also moving upwards Fincantieri after the results.
Among the stocks under pressure, the following stands out: Lottomatica, penalised by profit-taking after the recent increases, while the weakness of stm, still under pressure along with the global semiconductor sector.
On the currency euro/dollar on stand-by waiting for the Fed. Recovering yen, which still remains near 40-year lows against the greenback.
