EU stock exchanges accelerate in the final with tech. In Milan (+1%) St

(Il Sole 24 Ore Radiocor) - The European stocks recovered at the close, driven by purchases in the technology sector. Meanwhile, anticipation is rising for the meeting between US President Donald Trump and Chinese President Xi Jiping, scheduled for Thursday and Friday. The vis-a-vis could favour reaching a solution in the negotiations between the US and Iran to end the conflict in the Middle East. Negotiations, however, have stalled, which is a cause for concern as the value of energy continues to race, pushing up global inflation. Against this backdrop, all major indices closed higher, including London's Ftse 100 (FTSE 100 ), despite the political crisis that has caused a shake-up in gilts in recent days. In Milan (FTSE MIB), the rally of St. John's led the way, recovering from the eve's slide and continuing the run begun in recent months, on the wings of the AI that opens new fronts for the company.

Wall Street opened mixed, with the Nasdaq driven by gains in chipmaker stocks, while the latest inflation report on producer prices dampened S&P and Dow Jones. In equities, Nvidia Corp's stock rose, as the company's CEO, Jensen Huang, left for China along with US President Donald Trump, who will meet with his counterpart Xi Jinping. Huang's addition to the group of CEOs who left with Trump "has rekindled investor interest in technology stocks after Tuesday's slump," wrote Adam Crisafulli of Vital Knowledge, as reported by Cnbc. In the wake of Nvidia, gains also for Micron Technology and Qualcomm. Turning to the data, producer prices in April posted the biggest rises since 2022, fuelling renewed tensions over inflation, after consumer prices on the eve of the day posted the biggest surge in almost three years.

In the spotlight at Piazza Affari were the shares of companies that reported accounts, such as Inwit , Recordati Ord and Avio . Recovering Stmicroelectronics , after slipping on the eve of the session along with semiconductor stocks, which had, however, soared in previous sessions. Banks are well set, while investors are wondering about future scenarios for the sector while waiting to understand possible future M&A deals. Banca Monte Paschi Siena is up, still celebrating a better-than-expected quarterly report. Of the sector, Bper Banca is the best. On the other hand, luxury is weak, with Moncler trailing.

Oil fell slightly, with the wti dropping 1.2% to USD 100.93 per barrel and North Sea Brent 1.16% to USD 106.5. In commodities, spot gold was stable at $4,710 an ounce (-0.1%). On the currency, the euro changed hands at $1.1725 (from $1.172 at Tuesday's close). The single currency is also worth 184.92 yen (184.9) and the dollar/yen ratio is at 157.71 (157.7). Finally, Bitcoin rose to $81.114 (+0.38%).

Downward closing for the spread between the BTp and Bund. At the end of the session, the yield spread between the benchmark ten-year BTp and the German Bund of the same duration stood at 75 basis points, compared to 77 points at yesterday's close. The yield on the benchmark ten-year BTp also fell slightly, ending the session at 3.85 per cent, down from 3.86 per cent at the previous benchmark.