Bags today May 26 | Piazza Affari turns negative. Ftse Mib -0.5%

Bags today May 26 |  Piazza Affari turns negative.  Ftse Mib -0.5%

After an upward start to the session this morning in Piazza Affari, the Milan Stock Exchange undergoes a turnaround with the Ftse Mib which turns -0.5% to 26,281 points.
The markets are trying to recover by exploiting the good performance of the tech sector, but above all they are betting on the agreement for the US debt ceiling, which is of great concern. Among the best StM (+1.37%), Cnh (+0.82%), Moncler (+0.9%). Sales instead of Tim (-1.38%), Enel (-1.09%) and Generali (-1.2%). (Here the performance of the Stock Exchanges in real time)

Raw material

As for raw materials, it stays below 26 euros for natural gaswith the price standing at 25.3 euro Mwh, the lowest since December 2021.
Oilafter the slide the day before, the slope is recovering: the wti gains 0.4% in July, settling at 72.12 dollars a barrel.
On the currency market, the euro changed hands at 1.0738 dollars (closing yesterday at 1.0721).

In Europe

In the first instance, the European stock exchanges attempted to recover, also encouraged by the performance of Wall Street, driven by Nvidia and tech shares. After a handful of minutes, however, they too slowed down: Paris and Frankfurt were on par. On the macro front, it emerged yesterday that US GDP in the first quarter increased more than expected, leading to fears that at this point the Federal Reserve has room for further rate hikes. Then there remains the knot on the American public debt ceiling to untie: while the deadline of June 1 is approaching, an agreement has not yet been reached. During the day, data on personal income, consumer spending and PCE inflation for April are on the calendar in the USA.

In Asia

The Tokyo Stock Exchange closed the session higher, with the Nikkei 225 gaining 0.37% to 30,916.31 points. The Hong Stock Exchange was closed for a holiday. Seoul's Kospi gained 0.16% to 2,558.81 points while Chinese indices were mixed: the Shanghai Composite gained 0.40% to 3,214.21 while the Shenzhen Component was below par by 0.04% at 10,891.97 points. Uncertainty related to US debt ceiling negotiations continues to weigh on markets.

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