The mega-release of 400 million barrels by the International Energy Agency is not enough to calm the markets: theEurope closes in the red while the Petroleum is picking up again (with Brent above 92 dollars a barrel and WTI above 87). conflict between the United States and Iran continues to weigh, with ships blocked in the Strait of Hormuz and tensions threatening to send crude oil soaring to $200 a barrel, despite reassurances from Donald TrumpThe combination of high energy prices, geopolitical uncertainties and Fed and ECB rates in the balance creates what experts are calling “the perfect storm” on European markets.
Despite the rally of Oracle infrastructures , driven by record results in cloud and artificial intelligence, the US price lists record declines, with the Dow Jones weaker.
A Business Square the spotlight remains on Mps and Mediobanca after Boards of directors give green light to the merger plan announced yesterday, which will lead to the delisting of Piazzetta Cuccia, with an exchange rate of 2,45 Siena shares for each Piazzetta Cuccia share. At the bottom of the list, the heavy drops of Diasorin (-6,5%) and the Defense sector with Leonardo e Fincantieri, as well as the sector luxury.
The dollar strengthens, the euro falls below 1,16, and gold and silver lose ground. On the bond front, the spread BTP-Bund rises slightly to 73 points and the Italian ten-year bond to 3,66%.
