European stock markets experienced a positive trading session, recovering significantly from the losses incurred the previous day due to concerns about US tariffs.
European markets showed strength, with Milan closing up by 1.33%.
Frankfurt led the recovery, closing with a 1.70% increase. Milan followed closely, with the FTSE MIB index gaining 1.33% to reach 38,557 points.
Madrid and Paris also showed positive trends, rising by 1.23% and 1.10% respectively, while Amsterdam and London advanced more cautiously, marking +0.72% and +0.61% respectively.
The spread between Italian BTP and German Bund ten-year bonds narrowed, closing at 110 basis points compared to 115 at the opening. Amid a general decline in yields on European government bonds, the ten-year BTP rate fell to 3.78%, a decrease of seven basis points.
The Euro remained largely stable against the US Dollar, trading around 1.08. Gold prices also remained unchanged, continuing the session at previous levels of $3,121.1 per ounce. Crude oil (Light Sweet Crude Oil) closed without significant changes at $71.53 per barrel.
In the energy sector, the price of gas on the Amsterdam market, a European benchmark, showed a marked increase. The methane futures contract for May delivery ended with a 4.8% increase, reaching 42.6 euros per Megawatt hour. Oil prices remained stable, slightly down but maintaining the $71 per barrel level.
Among the top performers on the Milan stock exchange were Unipol (+2.85%) and Tim (+2.80%), followed by Leonardo at +2.70% and Ferrari at +2.42%.
The banking sector generally performed well, with Unicredit up by 2.21%, while Saipem (-1.21%) and Pirelli experienced some selling pressure. Pirelli closed the day down 1.35% at 5.4 euros. Italgas also had a weak session, falling by 0.90%.
Among smaller capitalization stocks, Enav, after presenting record results for 2024 and a new industrial plan to 2029 characterized by significant investments, closed up 3.84% at 3.78 euros.
Among mid-cap stocks on the Milan list, the top performers included Alerion Clean Power (+5.92%), Danieli (+3.88%), ENAV (+3.84%), and Banco di Desio e della Brianza (+3.52%). The weakest performances were recorded by Maire, which closed at -4.99%. SOL experienced a slight decrease, down 1.34%. Webuild showed uncertain performance, down 1.33%. Ferragamo also showed weakness, recording a decrease of 1.21%.
Regarding football-related stocks, Juventus closed slightly above parity (+0.05%), while Lazio fell by 1.95% the day after their home draw against Torino.