- United States They bombed Iran for the second day in a row, theIran hit US bases in the Gulf and oil prices Petroleum have risen nearly 10% in three days, with President Donald Trump who declared yesterday that the provisional with Iran and further talks to end the war were “finished”. Although some ships managed to cross the Strait of Hormuz, is concerned that Iran seems determined to assert its influence on maritime traffic. Investors on international markets, incredulous at the new escalation are in the balance between standing still and waiting for the storm to pass as it has already done or continuing to bring home the results.
However, sales were concentrated ongovernment bonds, as the rise in oil prices suggests a rekindling of the'inflation and then to monetary tightening. In Asia Stock investors initially shrugged and bought chipmaker shares on the earlier decline, but then reversed course and pared their gains. European stock exchanges they have chosen the path of recovery. Gold e silver have recorded a decline.
On Wall Street yesterday, only Broadcom shone. The travel sector saw sharp declines. Keep an eye on SK Hynix's stock price.
Yesterday Wall Street S & P 500 closed down -0,28% and the Dow of 1,09%, already gathering concerns about the situation in the Middle East, while Broadcom led gains among semiconductor stocks as it allowed the Nasdaq to close in slightly positive territory at +0,20%. According to a source, the price of SK Hynix in the United States has recorded a question superior of more than seven times the offer.
SpaceX fell 0,8% to $148,38, the lowest closing price for the satellite and rocket company since its Wall Street debut on June 12. ecosystem e A each fell by more than 1%, while Meta Platforms lost 2%.
Broadcom instead recorded a rise of 4,8%, allowing the chip index to close at +2,23%, after Apple said it plans to spend more than $30 billion under a chip supply deal it reached earlier this week with the chipmaker. Nvidia rose 3,65% after The Information reported that China plans to allow its major AI companies to purchase a limited number of the company's H200 chips.
The new rise in oil prices has caused travel companies, sensitive to energy prices, to lose ground. United Airlines and Delta Air Lines both lost more than 1%. Cruise operators also saw a decline, with Carnival down 3,9% and Norwegian Cruise Line 1,9%.
Il International Monetary Fund has again lowered its global growth forecast for 2026 to 3%, warning of lingering risks from the war in the Middle East.
Dai minutes of the monetary policy meeting of the Fed Growing concerns about inflation emerged in June, and some committee members had already expressed their intention to raise rates last month. The new tensions pushed money markets to bring forward to October forecasts for the next rate increase by the Fed, initially scheduled for December. The president of the New York Fed, John Williams, could comment on interest rates later in the day todayThe two-year Treasury yield is nearing its 2026 high.
Asia's chip sector remains vibrant. SK Hynix's offering price today
Asia it started well, with investors shrugging their shoulders at the news from the Middle East, considering it one of Trump's usual games that he would return. But this belief did not last long and the stock markets began to fall and reduce earnings. The index Nikkei Japanese stocks are still up 1,6%, breaking a three-day losing streak, while Bain Capital sold its entire stake in the flash memory chip maker Kioxia Holdings, one of Japan's most valuable companies. The index Kospi South Korea, after various ups and downs, is on track to close at +0,4%.
However, interest in the chip sector. Attention is on the stock market listing of SK Hynix in the United States which according to some sources has registered a demand more than seven times higher than the supply and this morning on the Seoul stock exchange it is listed at 4,6% increase, as it prepares to price its offering today. The sale of 177,9 million American Depositary Receipts (ADRs) has attracted demand from institutional investors, including long-only global funds, technology-focused funds, sovereign wealth funds, and global investors with a focus on Asia, sources said.
Each SK Hynix ADR is equivalent to one-tenth of a common share, according to a previous filing with the U.S. Securities and Exchange Commission (SEC). Based on yesterday's closing price in Seoul of 2,076 million won ($1.380) each, the U.S. offering is expected to raise approximately $24,5 billion, according to the calculations of BloombergAt that size, the offering would rank among the largest ever, second only to Alibaba's $25 billion takeover.
Furthermore, as reported by The Information, the China plans to allow major AI companies to purchase a limited amount of H200 chip from Nvidia, a sign of easing restrictions on US technology. Then there is Shanghai Iluvatar CoreX Semiconductor, which raised about $902 million in a share sale in Hong Kong, after its stock price soared following its IPO in January. Zhipu, a Chinese artificial intelligence company, rose 20% after pricing its shares at $4 billion, placing them at the low end of their expected price range. The CSI 300 Index was flat. The Hang Seng Index fell 0,8%. Taipei Taiex fell 0,2%.
Elsewhere in Asia, Mumbai's BSE Sensex rose 0,7%. Singapore's Straits Times rose 0,7%. The net portfolio value of Temasek, Singapore's sovereign wealth fund, rose 10,5% in a year, reaching US$400 billion as of May 31, 2026.
Il Brent rose 1,2% to $78,94 a barrel, heading for a third consecutive day of gains, but still well below the late March peaks of above $120. Gold fell for the fourth consecutive day, settling around $4.060 an ounce, as the prospect of higher interest rates weakened the attractiveness of the non-yielding metal.silver fell 0,8% to $57,85 an ounce.
Currency markets appear little concerned, with the dollar little changed on the main currencies. The dollar fell against the euro, which is worth 1,1431 (+0,15%). Compared to the yen The greenback is at 162,48, remaining just below the recent peak of 162,84, the highest in the last 40 years, with speculators cautious for fear of possible intervention by the authorities.
European stock markets opened higher. At the Milan Stock Exchange, eyes were on Fincantieri, Leonardo, and Stellantis.
European stock markets are expected to open higher, based on indications from Eurostoxx50 futures rising by more than 1%.
CampariBernstein raises its target from 10,20 to 10,70 euros, with an Outperform rating.
FincantieriMediobanca raised its rating from Neutral to Outperform, with a target of €17.
LeonardoThe conclusion of the first contract between the Ministry of Defense and the joint venture between Leonardo and the German company Rheinmetall, expected in May, could be postponed to 2027. This is what "Il Fatto Quotidiano“. UBS cut its target price to 60 euros, from 64 previously, with a Neutral rating confirmed.
UniCredit – The final stake in Commerzbank reaches 47,59%, including the stake already held (26,77%), the physically delivered TRS Total Return Swaps (3,22%), and the shares tendered in the offer (17,60%). The cash-settled TRS amount to 11,52%. CBK continues to reiterate that the offer is unattractive, but both banks declare themselves open to dialogue.
Stellantis Teksid, the group's component manufacturing company, announced that it will hire 40 more people by the end of the month at its Carmagnola plant. JPMorgan lowered its rating from Overweight to Neutral, with a target of €6 from €10.
Azimuth recorded total net inflows of €508 million as of June 2026, of which €898 million was allocated to managed solutions. This result brings net inflows for the first half of the year to €8,1 billion, equal to 81% of the annual guidance of €10 billion, with total assets reaching €157,9 billion (up 12,1% since the beginning of 2026).
AnimaAssets under management reached €202 million in June. Total assets under management amounted to €210,4 billion.
Avio Avio S.p.A. has finalized a capital increase to service the incentive plans based on warrants and stock options. The transaction is for up to €46,88 million through the issuance of a maximum of 1.403.686 ordinary shares at €33,40 each. These shares are reserved for directors, executives with strategic responsibilities, and other management figures. The dilutive effect is estimated at 2,91% if fully subscribed. At the same time, Avio's board of directors exercised its authority to increase the capital by up to 7% to service the entry of Advent International. Specifically, the €109,4 million increase is reserved for Vantage Hyp, a company indirectly controlled by certain funds managed and/or for which Advent provides advisory services. The issue price remains €33,4. The shares must be subscribed for by December 31st.
RecordatiConsob has approved the tender offer document launched by Respighi BidCo for the pharmaceutical company. The acceptance period will run from August 31st to October 15th, inclusive, subject to extension. On October 23rd, the bidder will pay each shareholder who accepts the offer a consideration of €51,29 per share. If the conditions are met, the acceptance period will be reopened from October 26th to 30th, with payment on November 9th.
Trevi announced that the medium- to long-term bank loan of €180 million, signed on May 28th with a pool of leading financial institutions, had been disbursed. The company simultaneously repaid
The debt subject to rescheduling pursuant to the restructuring agreement of November 30, 2022, has been fully repaid. The disbursement of the loan follows the successful capital increase, which was fully subscribed for a value of €100 million.
ThatFitch affirmed the long-term issuer default rating at BBB+ and a stable outlook. The rating affirmation is based on the company's solid and defensive profile, as a regulated utility focused on water and electricity distribution. The company's profile has further strengthened following the implementation of the asset rotation plan for the 2024-2025 period and, in particular, the divestment of the energy supply segment, which is considered more volatile.
