Stocks fall at the halfway point

The stock markets are reversing their cautious start: Milan is currently down 0.2%, London is positive, and Paris is also down, pending Fitch's rating review of France.

European stock markets were pricing in the ECB's decision to keep interest rates unchanged. Meanwhile, the Fed is expected to cut interest rates despite rising inflation. On the Milan Stock Exchange, buying rewarded Nexi, up 0.10%, and Prysmian, up 0.95%, driven by a positive report from Citi analysts. Luxury stocks fell following the publication of Armani's will. Profit-taking was reported on Stellantis after yesterday's 9% gain. Banks performed well despite Standard & Poor's placing Mediobanca's valuation under review, with negative implications. Finally, oil prices rose slightly, nearing $67 a barrel.