Mixed performance on European stock markets; Wall Street down, weighed down by selling in the chip sector. Oil down 0.8%
New tensions in the Strait of Hormuz and uncertainties in the semiconductor sector are weighing on the market. On the Milan Stock Exchange, all eyes are on the MPS board meeting. Oil prices are slowing their rally
Le ultime da Radiocor
Banche: Acri, sale del 2,8% a 43,723 mld patrimonio Fondazioni in 2025
Borsa: Europa riparte da tech e difesa, a Milano (+0,4%) scatta Prysmian
*** BTp: spread apre in lieve calo a 81 punti, rendimento decennale al 3,97%
(Il Sole 24 Ore Radiocor) - Following a session of falls, the European stock markets closed mixed. TSMC’s record profits failed to halt selling in the semiconductor sector. The Taiwanese giant’s record quarter and solid outlook were not enough to dispel renewed doubts about the sky-high valuations of tech stocks and the return of massive investment in artificial intelligence. Spending by the sector’s four largest companies — Alphabet, Amazon, Microsoft and Meta — is expected to reach $725 billion this year, a staggering figure that is causing some concern amongst investors.
On the geopolitical front, cross-border attacks between the United States and Iran continue. Reports in the Wall Street Journal are causing concern, suggesting that US President Donald Trump is considering expanding military operations against Iran following a series of briefings with his closest advisers.
So, at the closing bell, the FTSE MIB in Milan, which nevertheless fared better than the other markets, closing just below par, as did the CAC 40 in Paris, the DAX 40 in Frankfurt and the IBEX 35 in Madrid. Meanwhile, the AEX in Amsterdam and the FTSE 100 in London.
Mixed trading on Wall Street, with chip stocks weighing on the market
Wall Street closed in the red: the Dow Jones index fell by 0.2 per cent, the S&P 500 by 0.51 per cent, the Nasdaq by 1.47%, weighed down by selling in semiconductor stocks, with Taiwan Semiconductor falling 2.3% after an increase in spending forecasts overshadowed its better-than-expected quarterly results.
Shares in Alphabet fell by 4.4 per cent following reports that the company is delaying the launch of its flagship artificial intelligence model, Gemini 3.5 Pro.
