Precious metals

Oil remains the barometer of risk The second half of the week had a very clear center of gravity: the Strait of Hormuz. Every market movement, from European stocks to bond yields, was interpreted through a single question: will energy flows from the Persian Gulf really return to normal? The strongest signal came from Fujairah, the United Arab Emirates' key energy hub: petroleum product inventories fell to around 5.5 million barrels , a new low, after weeks of progressive eros

The weekend that changed the tone of the markets The start of the week for financial markets was dominated by a single variable: the Strait of Hormuz. After weeks in which oil, interest rates, and stock markets lived to the rhythm of the Middle East war, between Saturday and Monday, investors began to price in a more favorable scenario: a possible agreement between the United States and Iran to reopen the most sensitive sea passage for global energy. Donald Trump hinted that

The weekend that reignited risk premiums The start of the week for financial markets began with a clear feeling: diplomacy still exists, but geopolitical risk has by no means abated. In the Gulf, clashes linked to Iran continued to affect the region's energy and financial heartland. The United Arab Emirates declared that drones had targeted the area near the Barakah nuclear power plant, while Saudi Arabia announced it had intercepted three drones from Iraqi airspace. This is

The weekend when politics started moving prices again The weekend of May 2-3 brought a difficult combination of trade war, energy risks, and military diplomacy back to the forefront of markets. Donald Trump confirmed his intention to raise tariffs on European cars and trucks to 25% , compared to the previous agreement, which had set an overall threshold of around 15% . This is a politically charged step for Brussels: the Commission rejected the American accusation of non-comp

Three days in which the market chose to look beyond the risk Between Wednesday, April 29th, Thursday, April 30th, and Friday, May 1st, financial markets experienced an almost symbolic sequence: on one side, the US-Iran war, oil prices above $100, European inflation rising, and the Fed still stuck; on the other, Wall Street was able to revise all-time highs, buoyed by corporate earnings and the strength of the technology sector. It was a week in which the market decided not to

A weekend where diplomacy counted more than budgets Between the weekend and the trading sessions on Monday, April 27th and Tuesday, April 28th, financial markets experienced a seemingly contradictory phase: Wall Street reached new highs, but beneath the surface, oil, rates, the dollar, and safe-haven assets began to move again. The common thread was once again the Middle East. On Saturday, Trump canceled the trip to Pakistan by US envoys Steve Witkoff and Jared Kushner, deemi

The week ended with a global market still dominated by uncertainty, where the difference was not so much macroeconomic data as geopolitical dynamics and extraordinary transactions. The conflict in the Middle East continued to generate sharp movements in oil, gold, and Wall Street, while in Europe, and particularly on the Milan Stock Exchange, the financial game of risk returned to the forefront, with transactions and rumors rekindling investor interest. The European picture

The session on global markets ended on a cautious note, with investors continuing to monitor the evolution of geopolitical tensions and their impact on the energy sector. Attention remains focused on the price of oil, which has returned to high levels, while corporate news continues to drive much of the movement on European stock markets. In Europe, the day ended with moderate weakness among the major indices. The Euro Stoxx 50 ended trading at 5,717.65 points, down 0.54%, wh

The financial week ended on a volatile note, with global markets impacted by geopolitical tensions in the Middle East and renewed investor risk aversion. The escalation of tensions between the United States, Israel, and Iran triggered a strong reaction across various asset classes, pushing up energy commodities and safe-haven assets, while major stock indices recorded significant declines. On the commodity front, oil was the undisputed star of the week. The price of U.S. We

The global macroeconomic landscape was upended this weekend by historic events that shifted investors' focus from price charts to war bulletins. The joint attack launched by the United States and Israel against Iran, culminating in the news of the death of Supreme Leader Ali Khamenei, introduced an extreme geopolitical risk variable on the eve of a week packed with key statistical data. While the world watches with bated breath for Tehran's response, which has already struck

The week on the financial markets ended with an overall positive picture, supported by solid corporate earnings, the recovery of raw materials, and renewed interest in riskier assets. Investors continue to navigate a climate characterized by robust earnings, expectations of monetary stability, and a growing importance of the technology sector. Wall Street showed signs of strength, with the Dow Jones rising to 49,846.50 points, while the S&P 500 reached 6,902.82 points. The Na

The week just ended with markets under multiple pressures: uncertain macroeconomic data, closely monitored corporate earnings, trade tensions, and a marked rotation into safe-haven assets. From January 19th to 23rd, the market was poised between risk and protection, with news ranging from corporate data to geopolitical risks and sector dynamics. Italian banks and profits under scrutiny Among the week's top news, the Italian banking sector has attracted analysts' attention

The week unfolded on a delicate balance, driven more by news than by linear trends. Markets alternated between periods of seeking protection and sudden returns to risk appetite, in a context dominated by institutional tensions in the United States, geopolitical uncertainty, and conflicting signals from cyclical and technology sectors. Precious metals at the center: from hedge to strategic pillar The dominant theme was undoubtedly that of safe haven assets. Gold continued

The week opened with a decisive return of geopolitics to the forefront of markets, following the US intervention in Venezuela and the ouster of Nicolás Maduro. The initial reaction was seen primarily in energy and precious metals, while global equities demonstrated a faster-than-expected ability to absorb the shock. As the trading sessions progressed, investors' attention shifted to artificial intelligence technology, the European banking crisis, and defense spending prospect

The week between the end of the year and the start of the new ended with a market more about news than direction, due to reduced liquidity and often amplified movements. The common thread, however, is clear: in 2026, investors will continue to weigh two variables above all else: the trajectory of interest rates and the stability of growth. In this context, in Milan, corporate dossiers set the pace, while in the United States, the market once again looks to the Federal Reserve

A year-end session, with low volumes and movements often more responsive to news than structural flows: in this context, markets alternated between risk-seeking and protection-seeking phases. In Milan, attention focused on individual company stories, while interest rates remained dominant in the background, with Wall Street maintaining a measured pace and commodities still playing a leading role. In Europe, Piazza Affari closed with the FTSE MIB at 44,606, confirming a resi

The financial week that ends today had a clear underlying theme: markets forced to navigate unstable terrain, where every positive sign was counterbalanced by new sources of uncertainty. Expected but inconclusive monetary policy decisions, persistent geopolitical tensions, and increasingly pronounced movements in raw materials have made the environment difficult to interpret with a single lens. Rather than a matter of direction, it has been a matter of an often precarious bal

Over the past ten days, investors have experienced a veritable "saddlebag": a alternating wave of fear and relief, with stock markets first falling sharply, then rising just as quickly. The tension arose from an explosive combination—the fear of a new tech bubble, the US government shutdown, and the rekindling of international conflicts—but it has since dissipated partly thanks to a political clearing in the United States and new expectations of looser monetary policy. Stocks

Today sent a signal to the markets: a desire for risk... albeit cautiously. Stocks, oil, industrial metals, and even safe-haven assets like gold and silver closed higher, driven by an unusual mix of geopolitics, hopes for a truce, and new energy sanctions. This fragile balance reveals a lot about investors' mood: ready to believe in a détente, but still wary of any potential repercussions. All risk indicators are rising It was a broad-based rebound for risk-on assets . In th

They often move together, but with completely different intensity. Gold and silver are the two precious metals par excellence, yet behind...