Le European stock exchanges They are moving with the handbrake on, while investors remain suspended, trying to understand whether easing or a new increase in prices will prevail. tension in the Middle Easte. In the background, the risk of a possible resumption of hostilities in Iran weighs heavily, while the ceasefire agreement between Israel and Lebanon contributes to maintaining an uncertain but not hopeless picture. In this context, energy markets react with a slight decline: the Petroleum corrects after the recent increases, with WTI at 95,27 dollars (-0,78%) and Brent at 96,98 dollars (-0,85%), while also gas natural gas in Amsterdam remains close to 50 euros per megawatt hour.
After the recent highs, also Wall Street slows down and takes profits. The disappointing outlook for the artificial intelligence sector is dampening enthusiasm. Broadcom, which weighed on global sentiment: the stock lost up to 14% in after-hours trading. The effect quickly spread to Asia, where the main markets closed in the red. The Stock Exchange Tokyo lost 1,36% to 67.470,69 points, interrupting the rally of the last few sessions, while the Topix lost 1,11% to 3.951,85 points. Among the stocks, a strong correction for Softbank (-11%), after the recent rally linked to the OpenAI IPO and investments in the data center project in France of up to 75 billion euros.
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At Piazza Affari they stand out Campari e nexi The latter has returned to the spotlight following the Consob updates: CDP holds an aggregate stake of 27,638%, of which 19,638% holds voting rights and 8% is held through derivatives, and has confirmed its intention to increase its stake to 29,9% without launching a takeover bid. The banking sector is also recovering: Unicredit, at the centre of attention for the Commerzbank dossier, with the German supervisory body Bafin in contact with the German bank on the recent communications relating to the adhesions to the takeover bid: the group led by Andrea Orcel responded by reiterating that it does not wish to comment on "unfounded insinuations" and confirming the consistency of the data already communicated on 3 June. Good also B for Bank, supported by the rating trend improvement by Morningstar DBRS, and more cautious MPS, which benefits from the placement of a €500 million senior bond with a three-year maturity and an early repayment option after two years. The oil sector, however, remains under pressure, in line with the decline in crude oil, while Avio the phase of weakness continues. Also stm is suffering, penalized by the global sell-off in semiconductors linked to the prospects of artificial intelligence and the fallout from the Broadcom case.
Out of the main basket Mayor has been awarded additional work on a previously announced project, worth US$900 million. Under pressure Pirelli.
On the bond front, Eurozone yields are moving slightly upwards: the ten-year BTP stands at 3,75%, while the spread with the Bund remaining stable at 73 basis points. In the currency market, limited movement with euro/dollar at 1,1611. The Bitcoin hits four-month lows, while theoro strengthens (close to $4.500 an ounce) thanks to demand for safe-haven assets.
