Stocks rise, the euro strengthens

Wall Street opened higher, with the DJ and Nasdaq gaining 0.40% after data showed US inflation was under control despite tariffs and hopes of a Fed rate cut soon.

European stock markets are still moving in the green and are extending their gains compared to the opening, Milan marks +0.73% and moves above 42 thousand points, the highest since 2007 and just 2 thousand points from the all-time record.

Paris +0.45%, Frankfurt +0.6%. London below parity.

Leonardo stands out at +2.9%, but Popolare Sondrio does even better at +3.3% along with Bper. Stellantis falls -1.20%.

The latest report from the International Energy Agency has indeed revised upward its oil supply estimates for 2025 and 2026, following the agreement between OPEC+ countries to increase production. Crude oil prices are falling, with Brent crude at $66 a barrel.

The euro is still rising against the dollar on the foreign exchange market, with the single currency near its three-week high of 1.17.