Mixed Markets, Wall Street Up Despite GDP

With concerns over the conflict between Israel and Iran shelved, at least for now, markets are looking with apprehension at the ever-approaching deadline of July 9 when, barring an agreement, Trump's reciprocal tariffs will come back into force.

European stock markets move mixed, Milan drops 0.3%. The best are London and Frankfurt, above parity.

Wall Street opened positively with the Dow Jones near its all-time highs and from the United States comes the GDP data for the first quarter, -0.5% in net decline even compared to expectations, given that it depresses the dollar, and orders for durable goods increased much more than expected +16% in May. This is a sign of the increase in orders before the entry into force of the duties. On Piazza Affari, defense sector stocks are in the spotlight, such as Iveco and Leonardo, after the agreement reached at NATO to raise military spending to 5% of GDP. Finally, the price of oil is slightly up, however at low prices: 66.7 dollars per barrel for European Brent and 65 dollars for American Wti.