Stock market: Europe reduces losses with US futures, Mercedes ballasts automakers

European stock markets have reduced their declines and Milan is now down 0.15% in the wake of futures moving into positive territory on Wall Street where the accounts of some of the big tech companies are expected this week. The little-moved oil also helps, with Brent at 115 dollars, and the drop in gas to 95 euros.

Mercedes' cut in estimates for 2026 penalizes not only the German car manufacturer (-5.3%) but the entire sector. In addition to Volkswagen and BMW (both -2.6%) Stellantis also lost (-1.5%). But the recovering quarterly results and the confirmation of forecasts reward Porsche (+1.4%).

Meanwhile, the banks remain weak while the situation in France, where Parliament is called to vote on the budget law and consumer confidence has plummeted, pushes the yields of government bonds of the most indebted countries: the Oat is at 4.49%, the Italian BTP at 4.5% and the German Bund is sought as a safe haven.

The Paris price list is at parity (-0.06%), Frankfurt loses a marginal 0.12% and Milan loses the same. Here Campari is the worst (-1.6%). On the other hand, Italgas and Snam rose by 2.3%, Stm by 2% and Amplifon by 1.6%, on which Rothschild began coverage with a 'buy' and a target price well above the current price. Ferretti remains heavy (-3.3%) after the forecast cut.