Le European stock exchanges continue the session in positive territory, with the only exception di Paris, while Wall Street shows few jolts after job data in the United States lower than expected, which strengthens the prospects of a first rate cut by the Fed as early as this month. All eyes remain on the August employment report, due out on Friday, a true gauge of the U.S. central bank's next moves.
READ MORE Stock markets are increasingly convinced of the Fed's rate cut today. di G. Bruschi
On the commercial front, the focus remains on dutiesDonald Trump has filed an appeal with the Supreme Court to expedite the review of tariffs deemed illegal by an appeals court. All eyes are finally on the government bonds, with yields slightly stabilizing following fears about public finances.
Geopolitics brings to the fore the challenge of Putin to ZelenskyThe Russian president invites him to Moscow, but Ukraine responds sharply: "Unacceptable," recalling that seven countries are willing to host the meeting. Today in Paris the Willing They discussed security guarantees for Kiev.
In Milan, attention remains on the banking game: Ps has exceeded 35% of adhesions to the takeover bid su Mediobanca, reaching 38,5%. Today the board of directors of Piazzetta Cuccia, which lasted just over an hour, discussed the relaunch with 0,9 euros in cash per share and the rejection was confirmedOn the energy front, Eni continues to move with the joint venture Azule Energy together with BP, investing 5 billion dollars in Angola over the next four to five years for 18 new exploration wells. An announcement on Mozambique could also be made by the end of the year. Regarding recommendations, Equita has lowered Mediobanca from Buy to Hold (target 24 euros), while Citi has raised its rating. stm at 27 euros confirming the Buy, while Barclays brings Unipol at 18,5 euro.
Out of the main list, Bank CF+ obtains the approval of the Presidency of the Council for the takeover bid on Banca Sistema, while Mfe acquired a majority stake in German company ProSieben, reaching 75,6% at the end of the public offering. Since September 22, Lottomatica will enter the Ftse Mib in place of Pirelli, with Fincantieri first on the reserve list.
On the currency, euro/dollar stable at 1,165. The falls slightly after the recent records, remaining above 3.500 dollars. The Petroleum awaiting the OPEC+ summit: October WTI at 63,47 dollars per barrel (-0,78%), November Brent at 67,09 dollars (-0,75%). Stable natural gas in Amsterdam just over 32 euros per megawatt hour.
