European stocks close weak, dollar down again

European stock markets recover a bit at the close but remain weak in this last session of the month. Milan passes just above parity, at +0.13%; Paris and London remain down by 3-4 tenths of a percentage point while Frankfurt is the worst with -0.51%, despite a stable inflation figure in Germany.

Looking at the first half of 2025 as a whole, the Ftse Mib recorded an overall increase of over 16%, thanks above all to the effervescence of banking stocks, which represent a significant portion of our main list, driven by the moves and countermoves of the ongoing risk game.

A more solid day for American indices, which confirm their upward trend and are on track to close June with a positive sign despite the situation of great uncertainty on both the commercial and geopolitical fronts. Today, they are supported by a certain optimism about the consequences of the negotiations on tariffs, especially after Canada's decision to cancel the extraordinary tax on American technology companies a few days before it came into force.

The dollar, on the other hand, has not recovered, with the euro trading around 1.1750 today. For the greenback, the Financial Times writes, it was the worst first half of the year since 1973, that is, since the end of the Bretton Woods system and fixed exchange rates.