Stocks today, June 25. US tech slows, Europe weak

Milan European markets resume weak trading after mixed session Wall Street Investors anticipate a possible slowdown in the tech sector, which was the most troubled sector in the U.S. financial center yesterday. Nvidia Another 6.68% of the land was left. Chip giants have been rising for several days Ranked first in the world by capital sizeIn the past three trading days, the market value has lost nearly $430 billion.

Technology slowdown is not a big deal Tokyothe Nikkei closed at a strong +0.95%. In foreign exchange, JPY The dollar’s depreciation from a two-month low was interrupted after the country’s monetary authorities publicly expressed support for intervention in the yen, with the yen trading at 159.40 against the dollar in the morning.

Asian stocks closed mixed, with Tokyo leading the gains, while Chinese stocks fell late in the session, with semiconductor stocks dragging earnings lower in light of further economic data releases. By the end of trading, the Tokyo Stock Exchange closed higher. Agencies said they were ready to intervene to support the yen as it was at a three-year low against the dollar. The Nikkei closed up 0.95% at 39,173.15 points, while the Topix rose 1.72% to 2,787.37 points. Chinese stocks fell: the Shanghai Composite closed at 2,950.00 points, -0.44%; the Shenzhen Composite closed at 8,850.29 points, -0.83%; and the Hong Kong Hang Seng closed at 18,023.90 points, -0.02%. The Seoul Composite Index rose 0.36% to 2,774.61 points. Sydney also performed well, gaining 1.36% to 7,838.80 points.

Spain’s GDP grew by 0.8% in the first quarter of 2024, higher than expected and the previous value of +0.7%. The survey showed that Iberia’s GDP grew by 2.5% year-on-year, higher than expected and the previous value of 2.4%.

In the first trades, Piazza Affari confirms the uncertain start, while in Europe the current atmosphere seems mainly negative, with the Frankfurt Stock Exchange always down around a percentage point, and other stock exchanges generally weak. London tries to remain equal. In Milan the FTSE Mib fell by 0.1%, with the STM (which fell at the opening and briefly paused during the volatility auction) falling by more than two percentage points. Leonardo followed the same course, with Pirelli and Tim losing just over 1%. After yesterday’s gains, the banking sector was calm, with Bper still up by 1 percentage point, Eni up by 1.8% and Saipem up by 2.8%.
Fincantieri, which is outside the main list, was eager to increase its capital by $400 million to acquire Uas yesterday, and its share price fell 6% to 4.48 points. The spread between BTP and Bund fluctuated calmly around 150 basis points, and the euro remained at 1.072 against the dollar.

Stock markets in the Old Continent opened on a more negative note: the worst performer was Frankfurt, which fell 1 percent, while Amsterdam fell 0.4 percent and Paris 0.3 percent. London and Madrid hovere

This morning, oil prices in the raw material market rose slightly: WTI for August delivery was delivered at US$81.73 per barrel, an increase of 0.12%; Brent crude oil, also for August delivery, was delivered at US$86.10 per barrel, an increase of 0.12%. 0.10%.

The spread between German 10-year BTPs and German government bonds was calm: at the opening of the electronic market, the spread was 152 basis points, while at yesterday’s close it was 151 basis points. The yield on the government bond product is 3.91%

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