Le European stock exchanges they go on rising halfway through the session, supported by the good performance of Asian stock markets and come on Wall Street futures which are showing positive signs. Also supporting market sentiment are the recent signs of a slowdown inAmerican inflation, which have reduced expectations of a Fed rate hike in the short term. However, attention remains high on the risks associated with energy and semiconductor prices. Investors are meanwhile looking at new data US macroeconomics, with particular attention to producer prices, to understand how much the Federal Reserve may be cautious on upcoming rate decisions.
A Milan il Ftse Eb It rose 0,4%, just shy of the psychological threshold of 54 points. The rest of Europe also reached highs: Frankfurt + 0,5% Paris + 0,2% Madrid +0,6% and Amsterdam +0,4%. Among the European markets, it also stands out Copenhagen, supported by increases in Maersk e Pandora, both rewarded by the market after better-than-expected quarterly results and more positive prospects for 2026.
Meanwhile, the stalemate continues in negotiations for the reopening of Hormuz, which both Iran and the US claim to have control over. An uncertainty that yesterday led OPEC to further reduce its estimates for growth in global demand for crude for 2026. Doubts are holding Brent crude back in October to 87,1 dollars a barrel (-2%), and WTI to 81,4 dollars (-2,2%).
Piazza Affari rises with Nexi and Stellantis, good defense
At Piazza Affari it confirms its position at the top nexi (+3,7%). The increase in the payments group also benefits from the effect of the accounts of Adyen (+14%), which jumps in Amsterdam after a better-than-expected half-year result and the increase in 2026 guidance: the Dutch paytech now expects net revenue growth of 21-23%, against the previous 20-22%. Furthermore, in the background remain rumours about a possible acceleration of CDP, which could bring the stake in Nexi from the current 19,6% up to 29,9%, just below the takeover threshold. Well Unicredit (+1,38%) after the rumors ReutersThe ECB is reportedly not inclined to oppose the Commerz acquisition. Also highlighted Saipem (+1,32%) after signing an agreement with Sonatrach for the first phase of the Integrated Phosphate Project in Algeria, worth approximately 500 million euros, and after winning an offshore contract in the Middle East worth approximately 1,8 billion dollars.
The defense sector also did well: Avio (+ 2,44%) and Fincantieri (+2,2%). In particular, Leonardo (+0,26%) looks at the opportunities associated with the Michelangelo Dome, the group's new air and missile defense system, which should be tested in Ukraine by the end of the year. Also doing well Moncler e Brunello cucinelli, while stm remains weaker (-0,94%).
The other markets
After the recent rally, the , which fell 0,7% to around $4.375 an ounce.
On the foreign exchange market, theeuro/dollar remains just above the 1,15 level, at 1,1521. The euro/yen stands at 183,6, while the dollar/yen drops slightly to 159,3.
On the Italian bond market, the spread The spread between 10-year BTPs and German Bunds fell to 77 basis points, down from 78 points at the previous close. The yield on the 10-year BTP also fell slightly, falling to 3,93% from 3,94% the day before.
