
AI-generated summary
European stock markets react negatively to rising oil prices and macroeconomic uncertainties.
European stock markets close weakly as oil prices continue to rise. Investors' attention is focused on raw material prices and fears of a new flare-up of inflation, with the consequent intervention of central banks. Doubts remain about the sustainability of investments in artificial intelligence.
Sessions down for Frankfurt (-0.75%), Paris (-0.36%) and London (-0.32%).

The Milan Stock Exchange closes on the rise (+0.36%) driven by the energy sector, in particular Eni, Tenaris and Saipem. Stellantis (-6.3%) and the luxury sector fell sharply. The BTP-Bund spread drops to 122 points.

The double issue of Btp Valore and Btp Valore Insieme raised 16.62 billion euros from over 560 thousand subscribers. The Mef raised the definitive coupon rates to reflect the market conditions at the closing of the placement.

The Bank of Italy has updated the list of systemic banks (O-SII) for 2027: MPS, BPER and Iccrea enter, BNL exits. Institutions will have to hold additional capital reserves ranging between 0.25% and 1.25% starting from 1 January 2027.

Majority sources evaluate the exclusion of Cooperative Credit Banks (Bcc) from the contribution requested from the financial sector in the next budget law, to protect the local and mutualistic nature of the institution.

The 'Aura' event at One World Trade Center in New York presented 30 brands of Italian artistic perfumery. The sector is experiencing strong growth in the USA, with exports reaching $584 million in 2025.

Chiara Scotti, deputy director general of the Bank of Italy, urges banks to actively participate in the tokenization of financial services to influence the future ecosystem, underlining the crucial role of private intermediaries.