Le European stock exchanges remain Incerte following the announcement in London of a framework agreement on international trade between United States and China. The agreement, signed at a technical level, now awaits the green light from Presidents Trump and Xi Jinping. A step forward that, however, is not enough to give impetus to the markets. In parallel, a temporary truce on tariffs “reciprocal” – suspended until July 31 by the American Court of Appeals – helps maintain a climate of expectation. “Agreement reached with China, subject to final approval by myself and President Xi. Rare lands necessary will be supplied by China. For us duties of 55%, for China of 10%. The relationship is excellent!”, wrote US President Donald Trump on Truth Social.
READ MORE: Stocks timidly applaud US-China deal due to lack of details
Also attracting attention is the US inflation data for May, climb of 0,1% from the previous month, the Labor Department said. Estimates had been for a 0,2% increase. annual data accelerated from 2,3% in April to 2,4 %, with expectations for a figure of 2,4%. After the publication of the data on consumer prices, Wall Street moves in positive territory.
In this context of uncertainty, the main European stock indices are moving without a clear direction. Milan, volatility remains high after the decline of the day before. The trend of the Asian markets is more dynamic: Tokyo closes on the rise (+0,55%) and also the Chinese bags celebrate trade thaw, with Hang Seng and Shanghai rising, led by tech and consumer stocks. Wall Street's US futures fall.
A Business Square banks remain in the spotlight, with Unicredit in the spotlight after the CEO's words Andrea Orcel at the Goldman Sachs Financial Conference 2025. Brake on Bpm bank: without clarification on the golden power, the operation will not go ahead. On Russia: “Activities already reduced to a minimum”. On Commerzbank: “No opacity, we were the only ones invited by Berlin”. Meanwhile, we await the decision of the Lazio Regional Administrative Court on the appeal presented by Bpm against the suspension imposed by Consob on the Unicredit takeover bid.
Recommended Prysmian, which will present new guidance on July 31. Azimut and Stm also performed well, the latter supported by the prospect of an easing of US-China tensions.
Outside the Ftse Mib, focus on Techno probe: T-Plus placed 1,53% of its capital at 7 euros per share through accelerated bookbuilding.
Lo spread Btp-Bund is at 94 basis points, with the yield on the Italian 3,48-year bond at XNUMX%.euro trades above $1,14, The rises above $3.341 an ounce. Petroleum stable with Brent just shy of $67 and WTI just above $65. The natural gas, which returns above 35 euros per megawatt hour.
