Markets

Stock markets: Milan climbs to 51,000 before retreating (+0.11%). Unipol comes out on top

Wall Street is trading in negative territory. On the Milan Stock Exchange, MPS and Mediobanca continued their upward trend, with Banco BPM also seeing buying interest. Generali has risen above the €40 mark for the first time

by Giorgia Colucci and Laura Bonadies

9 June 2026

Borsa a metà seduta

4' min read

Translated by AI

Versione italiana

4' min read

Translated by AI

Versione italiana

(Il Sole 24 Ore Radiocor) - European stock markets closed mixed, with Milan nevertheless managing to post the best performance on the Old Continent (+0.11% to 50,262 points), setting a new intraday record of 51,240 points. The banking sector remains in the spotlight with the entire sector in turmoil whilst the market attempts to position itself ahead of the – possible – new order in the Italian financial sector, following the move by Intesa Sanpaolo (+0.9%) on Mps (+2.63%). A move shared with Unipol (+4.67%, which exceeded €23 for the first time), which will acquire the Mps brand and 635 branches of the Siena-based bank. The board of Rocca Salimbeni has announced that it will examine the offer, as well as the takeover bid put forward by Banco BPM (+1.54%) and announced on Sunday. A proposal which, however, resembles a letter of intent more than a fully-fledged transaction presented to Mps. The two initiatives also put the spotlight back on Generali (+2.13%) , which has once again updated its all-time highs and, for the first time in history, surpassed the €40 mark.

Europe pins its hopes on the US-Iran deal and awaits the mega IPO

European stock markets ended the day mixed, clinging to hopes that the ceasefire in the Middle East will hold and, above all, that an agreement will be reached between the United States and Iran, as promised by US President Donald Trump, who spoke of an announcement within two or three days. Paris closed just above par, whilst Frankfurt fell 0.8% in late trading on the day of the trade balance and industrial production figures (+0.4% month-on-month but -0.5% year-on-year). Hopes of an easing of tensions are weighing on oil, which continues to hope for a possible reopening of the Strait of Hormuz.

Government bond yields remain high, with investors convinced that central banks may announce a rise in interest rates by the end of the year. Meanwhile, on Wednesday 10 June, ahead of the Federal Reserve’s upcoming decisions, the figure for US inflation in May—which analysts estimate at 4.2% year-on-year—will be crucial. If so, this would be the highest level in the last three years.

Excitement is also building for major IPOs. Whilst the much-anticipated SpaceX is set to list on the Nasdaq on Friday, it has emerged in recent hours that OpenAI, the company behind ChatGPT, has filed its listing documents, a week after its rival Anthropic.

Wall Street turns negative

After a positive start, Wall Street turned lower, with all indices slipping into negative territory, despite semiconductor stocks rising for the second day running following last Friday’s slump; The opening was also affected by falling oil prices, fuelled by hopes of an imminent agreement between the United States and Iran.

In the stock market, Micron Technology is trading higher, building on the 10% recovery seen the previous day, following a fall of around 20% over the preceding two days. On the other hand, Qualcomm is trading lower following the previous day’s gains and Friday’s 11% drop. Shares in the US pharmaceutical company Nuvalent are rising, however, after the British biopharmaceutical giant GSK announced an agreement to acquire the company for $10.6 billion. Salesforce and Apple, both down, are the worst performers on the Dow Jones.

Borsa a metà seduta

Oil prices fall, gas hovers around €48

Tensions over oil prices are easing, with WTI below $90 and Brent below $93, whilst the US administration appears keen to give a decisive boost to the negotiations and has called on Israel and Iran to cease military action in Lebanon. Furthermore, Trump has stated – yet again – that negotiations between the US and Iran are in their final stages and that there will be news within the next two days. ‘The president has got us used to these statements by now,’ say analysts at MPS, ‘and the market, in fact, seems to be paying no more attention, however the truce between Iran and Israel has nevertheless cooled energy prices, which have returned, in terms of oil, to last Friday’s closing levels.”

Following an initial fall, the price of European gas in Amsterdam has dropped to around €48 per MWh.

The euro strengthens above 1.15 against the dollar

In the foreign exchange market, the euro has strengthened against the dollar to 1.158. Investors remain focused on the fragile truce in the Middle East and are awaiting guidance from central banks in the coming days: on Thursday it will be the ECB’s turn (and the market is pricing in a rate rise), followed by the Fed on 17 June (from which no action is expected).

“It is unlikely that the euro will find lasting support in higher interest rates,” says Michele Sansone, country manager at iBanFirst Italia. “In fact, the foreign exchange markets seem to be reacting primarily to relative economic growth prospects, rather than to marginal changes in yield spreads. As long as the US economy continues to demonstrate greater growth potential than the European economy, the dollar is likely to retain a competitive edge, limiting the benefits the single currency could derive from a further rise in the cost of borrowing.”

Mercati, per saperne di più

I podcast con i dati e le analisi

Cosa sta accadendo alle Borse, qual è stato il fatto chiave del giorno? Appuntamento quotidiano con la redazione Finanza e Risparmio che cura il podcast quotidiano “Market Mover”. Ascolta il podcast

Borsa in video

La redazione di Radiocor cura ogni giorno - dal lunedì al venerdì - pIù video al giorno (metà seduta, borsa in un minuto, chiusura borse europee) con tutti i dati fondamentali della giornata della Borsa di Milano e un’analisi dei titoli in maggiore evidenza. Guarda i video

Le notizie per approfondire

Gli approfondimenti delle notizie di Finanza e Risparmio sono l’elemento distintivo di Mercati+, la sezione premium del Sole 24 Ore. Qui per scoprire come funziona e i servizi che offre.
Per gli aggiornamenti dei dati delle Borse ecco la sezione Mercati
qui i link per consultare direttamente i prezzi di oro, petrolio, spread e cambio €/$
mentre per le notizie in tempo reale c’è il rullo di Radiocor.
Infine, ecco le nostre newsletter tra cui “Market Mover”