I European lists e Wall Street today they breathe a sigh of relief after US inflation in August it turned out in line with expectations market, muting concerns about the trajectory of US rates.
Continental stock markets closed the session with a good increase, without even worrying too much about the Asian declines and the new ones, heavy duties announced by the American president Donald Trump – for example 100% on branded drugs, not produced in the United States – especially since, according to Brussels, the new tariffs do not apply to medicines imported from the EU, which will remain within the scope of the agreement at 15%.
Square Business gains 0,96% and appreciates to 42.646 basis points, supported by financial stocks, particularly insurance stocks, which are well bought throughout Europe. However, it continues to suffer BRUNELLO CUCINELLI, -1,74%, after yesterday's sharp drop due to bearish speculation based on an investigation accusing the company of selling products to Russia, despite European sanctions against Moscow. Cucinelli reiterated his full compliance with EU regulations.
Bene Paris, +0,97%, where it shines EssiLux +2,34% after the green light in the US for the sale of lenses for children with myopia.
The progress is similar to Frankfurt +0,91% and London +0,78%. It's at the end Amsterdam, +0,43% and soars Madrid, + 1,44%.
Defense stocks closed little changed, although the war fronts remain heated. In Europe, stocks continued to rise. tensions between NATO and Russia, while on the day of the Israeli leader's speech Benjamin Netanyahu at the UN assembly (In a half-empty room due to protests) Trump assures that an agreement on Gaza is close. A joke made between one engagement and another, just before flying to New York to watch the Ryder Cup, a fierce biennial golf tournament between the United States and Europe, won two years ago by the "Italian" team in Rome.
Read EVEN Stock market today, September 26th live
Wall Street cautiously rises
Wall Street he doesn't toast, but he still moves on a cautious rise (DJ +0,54%, S&P500 +0,26%, Nasdaq -0,06%) after the PCE index, the one preferred by the Federal Reserve to evaluate theinflation, held no surprises in August. Growth was 0,3% monthly and 2,7% year-over-year, after July's 2,6%. The core component, adjusted for volatile elements, recorded an increase of 0,2% monthly and 2,9% year-over-year, confirming the previous month's estimates and values. The data is included in the report on personal income and consumer spending released by the Department of Commerce.
At the stock market level, operators continue to keep an eye on the sectorartificial intelligence, which has caused the declines of the last three sessions, and evaluate the latest tariffs announced by the US President, Donald Trump. Nvidia e Oracle infrastructures , after a strong start, are declining again. Intel, on the other hand, is rising.
Euro-dollar little moved
On the foreign exchange market the dollar slows down today, after having found inspiration in the past few days with the strong macro data. At the moment theeuro gains 0,26% against the greenback, for an exchange rate that still remains just below 1,17.
The raw materials are well set up. In particular the Petroleum This week, it found a springboard in Ukraine's attacks on Russian energy infrastructure, prompting Moscow to restrict fuel exports. November Brent and WTI futures are currently up nearly 2%, showing prices of $70,61 and $66,27 a barrel, respectively.
The is also gaining ground and spot gold, after touching a low during the day at $3734,63 an ounce, is now appreciating by 0,74% to $3776,97 an ounce.
Piazza Affari led by Unipol and Generali
Insurance stocks are providing the best support to the Ftse Mib today: Unipol +2,86% and Generali + 2,48%.
Banks are in green starting from Bper + 2,12% Popular of Sondrio +2,45%, Intesa +2,22%, Unicredit +1,57%. The bank led by Andrea Orcell is also under the spotlight of Financial Times, according to which the Italian bank could make the board of directors more German with the aim of conquering Commerzbank.
Well managed savings with Finecobank + 1,78% Banca Mediolanum + 1,68% Azimuth + 1,79%.
It highlights Post (+0,98%) which, according to some analysts, is considering introducing an annual fee of €5 for each SPID digital identity managed through PosteID. The Intermonte and Akros report states that, with approximately 20 million active SPIDs, the potential impact on the company's EBIT would be approximately €100 million. TIM also enjoyed a favorable session, with a +1,4% increase.
Prysmian marks +0,15%, even though Goldman Sachs confirmed its 'buy' recommendation on the stock and raised the price target to 90 euros, with an upside of 10,6%.
The biggest declines are triggered by stm, -2,02%. The trend was similar for all European technology stocks, alarmed by the negative performance of Asian markets, which was weighed down by the US administration's intention to drastically reduce dependence on foreign semiconductors, largely produced in Asia.
In Milan they also retreat Campari -1,64% Stellantis -1,06% Lottomatica -1,05%.
Stable spreads
After a few negative days the situation stabilizes spread, which closed today around 87 basis points. The 10-year BTP rate is indicated at 3,61% and that of the Bund with the same duration at 2,75%.
