Bearish MIB misses out on technical rebound

(Alliance News) – European stock markets are headed for a mixed opening on Tuesday – with the MIB showing a bearish bias – as futures signal a technical rebound in some quarters following the recent phase of risk aversion. The move reflects an improvement in sentiment linked to a partial repricing of geopolitical risk. Indications of a possible halt in the military campaign against Iran are encouraging buying in equity futures and a reduction in hedging, in a context of risk premium compression rather than a revision of fundamentals. However, the framework remains fragile. The attack on a tanker in…