Prysmian jumps on strong outlook as copper rises on Iran hopes - Apr 1, 2026

As of April 1, today’s news highlights positive market sentiment in Milan, driven by solid expectations for Prysmian's first-quarter results and geopolitical developments surrounding the Iran conflict. Prysmian saw impressive gains on the Borsa Italiana, closing up 5.94%. The company’s management provided positive pre-close insights during a call ahead of its results announcement scheduled for April 30. Analysts from Intermonte noted strong operational trends across all divisions amid the typically weaker Q1 volumes, projecting results in line or slightly above budget. Moreover, they highlighted potential margins growth in Digital Solutions due to increasing demand from data centers and military sectors. Equita, which maintains a hold rating with a target price of 104 euros, echoed similar sentiments, anticipating a robust start to the year spurred by strong demand in the U.S. markets, particularly in data centers. In market developments, the London Metal Exchange reported that copper prices reached a two-week high, buoyed by optimism about a potential resolution to the ongoing Iran conflict, which has significantly impacted global energy and raw materials markets. Copper advanced 0.6% to 12,408 dollars per metric ton amid speculations of easing geopolitical tensions, despite ongoing economic uncertainties. Looking at wider macro trends, Tesla's first-quarter deliveries are projected to drop sequentially due to softer demand and increasing competition, particularly in Europe and China. Analysts expect a decline of 11.8% from the last quarter but an overall growth of 9.6% year-on-year. This shift reflects evolving market dynamics as the company recalibrates its focus beyond electric vehicles. On the international stage, U.S. President Donald Trump indicated a potential quick winding down of the war with Iran, a statement that coincided with notable geopolitical developments. His remarks suggested both a retreat from the conflict and a reevaluation of NATO commitments, raising uncertainties in energy markets as oil prices falter in response. In related news, the European Commission proposed adjustments to the EU’s carbon trading system to stabilize volatile carbon prices exacerbated by the Iran conflict. This includes retaining excess carbon permits in a reserve rather than canceling them, a move aimed at curbing soaring energy prices. As the market reacts to these developments, the energy sector remains sensitive to global tensions, with U.S. natural gas futures continuing to fluctuate alongside lower global energy prices. The impact of the Iran conflict is palpable across various sectors, including natural gas and LNG markets in Asia, where spot prices have surged due to supply disruptions.