Stock Markets Today, June 9. China: tariff war slows exports, eyes on London
MILAN – The week started badly with Chinese exports slowing more than expected in May , official statistics revealed, with shipments of goods to the United States falling due to the impact of Donald Trump's trade war. After meeting in Geneva last month , Americans and Chinese will start a new round of talks in London today with the aim of extending the trade truce and, perhaps, reaching a lasting agreement on reducing the customs duties they impose on each other. These duties already appear to be having a tangible impact on trade. Europe weak at the opening.
Asian stocks close higher, boosted by US-China dialogue
Asian stocks closed higher in the first session of the week, boosted by the resumption of trade talks between China and the United States in London. Last Friday, US jobs data were also lower but slightly better than the market expected.
Banco Bpm: 10 million for the growth of Gas and Heat with Sace Growth guarantee
Banco BPM has completed a financing transaction for a total of 10 million euros in favor of Gas and Heat, an Italian company based in Pisa, specialized in the design and construction of cryogenic systems for liquefied gases, recognized internationally for the technical innovation and reliability of its solutions serving the energy transition.
Pinko: Revenues over 70 million in Q1 2025, operating profitability increases
Pinko, a leading Italian brand in the entry-to-luxury fashion segment, today announced its first quarter 2025 results, marking a significant evolution in its operational and strategic performance. The company's press release states that as of March 31, 2025, revenues from sales and services exceed 70 million euros, with a slight decrease of 3% compared to the same period in 2024. This figure is part of a framework of strong attention to margins and efficiency of operational management, proving particularly positive in light of the company's recent structural and organizational changes.
Cisalfa: revenues estimated at 1 billion in 2024, EBITDA at 105 million
Cisalfa group estimates to reach 1 billion in revenues for the 2024 financial year (compared to 700 million in 2023) and an EBITDA of around 105 million. In 2025, the group, active in the distribution of clothing and sports goods, focuses on strengthening the commercial network, digitalization and omnichannel with total investments of over 30 million euros. Cisalfa communicates this in a note anticipating the financial results of the 2024/2025 financial year of the parent company Cisalfa sport, highlighting "the constant growth of the last 5 years" and the "solidity of the business model".
Piazza Affari on Tim and Buzzi
Cautious start at Piazza Affari in the first trading session of the week. Leading the main Milanese list this morning is Buzzi, which advances by 0.69%, followed by Tim, which records a rise of 0.60%. Banks start positively: Unicredit leads the group at +0.55%, followed by Pop Sondrio (+0.53%) and Banco Bpm (+0.48%). Mps (+0.34%) and Bper Banca (+0.28%) also do well. leaves -0.34% on the floor, followed by Ferrari (-0.33%) and Moncler (-0.22%).
Stock Market: Few Ideas on FTSE MIB, Diasorin at the Top (+0.61%)
Stock Market: Few Ideas on FTSE MIB, Diasorin at the Top (+0.61%) and Prysmian (-0.82%) and Leonardo (-0.78%) at the Bottom
European stocks: open weak and mixed, focus on US-China
Weak start to the session for the main European stock exchanges. Paris loses 0.11% to 7,796 points, London gains 0.06% to 8,842 points, Frankfurt loses 0.21% to 24,252 points and Madrid 0.02% to 14,231 points
L'Orèal: buys GB skincare brand Medik8
L'Oréal is set to acquire British skincare brand Medik8, its owner, British private equity firm Inflexion, announced on Tuesday, strengthening the French cosmetics giant's offering in the fast-growing dermatological skincare market. The size of the deal was not disclosed.
Tokyo closes up 0.92%
Tokyo stocks ended the week higher on a buying spree in technology, following a surge in the Nasdaq, as investors eyed the resumption of global trade talks between China and the United States, scheduled for today in London. The benchmark Nikkei index rose 0.92% to 38,088.57, up 346 points. On the currency market, the yen remained weak against the dollar at 144.20 and against the euro at 164.70.
Gas opens above 36 euros on Amsterdam's TTF square
Positive opening for natural gas on the TTF square in Amsterdam above the 36 euro mark. Futures contracts for the month of July gain 0.47% to 36.42 euros per MWh. (
Gold is slightly up at $3,316
Spot gold prices rose slightly this morning. The precious metal for immediate delivery rose 0.17% to $3,316 per ounce
Exchange rates: Euro opens higher, above $1.14
The euro opens higher, above the 1.14 dollar mark, supported by the general weakness of the dollar. The single currency changes hands at 1.1421 dollars (+0.24%) while it is down against the yen at 164.77 (-0.18%). Dollar/yen at 144.26
The spread between BTPs and German Bunds opens up at 95 points
The spread between BTPs and German Bunds opens higher at 95 points, compared to the 92.8 points recorded last Friday at the close. The Italian annual yield is unchanged at 3.5%, while the German yield drops 2 points to 2.55%.
All eyes on London
After meeting in Geneva last month, the Americans and Chinese will start a new round of talks in London today with the aim of extending their trade truce and, perhaps, reaching a lasting agreement on reducing the customs duties they impose on each other. These duties already appear to be having a tangible impact on trade.
China in deflation in May, consumer prices down 0.1%
China remains in deflation in May, for the fourth straight month, reflecting weak domestic demand. According to data from the National Bureau of Statistics, consumer prices fell 0.1% on an annual basis, maintaining the same pace for three consecutive months, compared with estimates of -0.2%. On a monthly basis, however, the decline is -0.2% (from +0.1% in April). Producer prices fell to -3.3% (versus analysts' forecast of -3.2%), after falling to -2.7% in April. The decline is the 32nd in a row, the worst since July 2023, on uncertainties over US tariffs and weak demand.
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