He's back a widespread optimism on the markets this morning, thanks to a oil prices falling and to the news that announces détente in view of thekey meeting between Donald Trump and Xi Jinping over the course of this week. The asian bags are on the rise, although with limited liquidity due to the three-day holiday in Japan. Even the European stock exchanges are seen starting positively, after the German Chancellor Friedrich Merz he said he will not leave office despite the defeat of his party conservative in some elections in his country, the worst electoral result since 1949.
Oil prices fall sharply on hopes of resumption of Saudi oil flow through the East-West pipeline and Hormuz.
Il Brent, which opened higher after the Houthi attack on Saudi Arabia's capital over the weekend, is early to 2,2 % then stabilized at -1,3% just above $102 a barrel on hopes that the kingdom could quickly restore some flows through its East-West pipeline. Admiral Brad Cooper, head of the US Central Command, said over the weekend that the volume of crude oil, commodities and liquefied natural gas transported in the last two weeks has been higher than at any other time in the last six months. Furthermore, data from the analysis company Kpler showed that the OPEC leader's exports have recovered, reaching just over 4 million barrels per day (bpd) so far in September, after plunging to 2,4 million bpd in August, the lowest level since at least 2013. JPMorgan analysts then said satellite data indicated that the Saudi oil that was passing by through the Strait of Hormuz had averaged 2,9 million barrels per day over the past six days, up from just 700.000 barrels per day in August. Trump he stated that he was “probably” available for a meeting Iranian president Masoud Pezeshkian on the sidelines of this week's United Nations General Assembly. Trump may also meet with other leaders of the Persian Gulf countries.
Semiconductor stocks regained momentum on Wall Street on Friday. The Trump-Xi Jinping meeting is anticipated.
Wall Street closed out a volatile week on a mixed note on Friday, with benchmark U.S. Treasury yields rising above 5% again. Dow Jones closed down 0,18%, S & P 500 up 0,17%, Nasdaq up 0,40%. The rally in the sector semiconductors supported the Nasdaq and the S&P 500. This week investigations are pendingmanufacturing and service activities, as well as those on the consumer confidence, which could provide information on inflation trends. Futures today Nasdaq futures added 0,6% and S&P 500 futures added 0,4%.
Thursday Investors will monitor the Chinese president's eagerly awaited visit Xi Jinping in the United States, including the meeting with Trump. Among the pending issues between the two countries, investors have said that the race to develop artificial intelligence and restrictions on semiconductors could impact markets, particularly technology stocks. The technology sector represents 38% of the S&P 500 Index and, although it gained over 20% in 2026, has lost ground since the beginning of June. Artificial intelligence is also in focus after industry leaders called for a slowdown in development following dire warnings about the dangers of this emerging technology. Fears of a slowdown have slightly weighed on the shares of semiconductor companies at the heart of the AI boom. preliminary talks between Scott Bessent and his Chinese counterparts over the weekend they were defined as 'great success': The US side has proposed a new notification mechanism for AI safety.
Asia positive but with limited liquidity due to Japan's three-day holiday
Le asian bags are mostly on the rise, although the liquidity is scarce because of three-day break in Japan for Silver Week. The technology sector led South Korea, whose index Kospi gained more than 1%. while Taiwan rose 1% to a three-month high. The MSCI All Country World Index, the broadest gauge of global stocks, is on track for its third consecutive gain. Softbank Group Corp. is seeking to raise the equivalent of more than $11 billion in what would be one of the largest high-risk bond issues ever.
La People’s Bank of China he kept rates unchanged Benchmark rate: the one-year Loan Prime Rate (LPR) remains at 3%, while the five-year rate remains unchanged at 3,50%. This rate serves banks primarily as a benchmark for long-term financing, such as home loans. The PBoC's decision was made despite key indicators, including consumption and investment, signaling weakening Chinese domestic demand in recent months. However, as strong exports support economic growth, economists do not expect economic stimulus measures in the immediate future. The last rate change was in May 2025.
On the foreign exchange market, theeuro remained stable at $1,1484, while the dollar it fell below 157,00 yen due to fears that the Bank of Japan might take advantage of the lack of liquidity to intervene to support its currency.
The yen surged on Friday after Japanese authorities carried out exchange rate controls in the foreign exchange market, the Nikkei newspaper reported.
Gold fell slightly, settling around $4.360 an ounce. Australian and New Zealand government bonds closed lower, following Friday's decline in Treasuries. Elsewhere, wheat and corn futures rose, following positive assessments by both sides of the initial trade talks between the United States and China.
European stock markets are expected to open higher. At Piazza Affari, eyes are on
Le European stock exchanges are indicated to open higher this morning, based on Eurostoxx 50 futures which are trading at +0,3%.
Bond under observation after Friday spread between French Oats and German Bunds went up over 100 for the first time since 2012, with the 10-year yield rising by 12 basis points to 4,56%. Ten-year BTPs were also under heavy pressure, with yields rising by 9 basis points to 4,43%. The Spanish 10-year bond broke through the 4% mark (+6 basis points), while the British one settled at 5,29% (+7 basis points). This morning, however, attention will be primarily on German Bunds in the aftermath of the defeat of the Conservative Party German Chancellor MertzBut futures are not indicating any tensions at the moment.
AristonThe integration of Riello into the Ariston group is proceeding following the acquisition with an enterprise value of €289 million and a consideration of €370 million. The transaction, Affari e Finanza reported on Monday, strengthens Ariston's climate comfort business, with heat pumps, boilers, and air conditioners, and increases Italy's share of the group's revenue from 10% to approximately 15%. The group is also aiming for a recovery in the Italian market after the slowdown caused by building incentives. Ariston confirms its target of €25 million in EBITDA synergies by 2030.
Post extends the takeover bid for Tim by 5 days
Coupons for Eni and STM
Prysmian announced on Friday that it has taken a new step, together with Rio Tinto and in collaboration with Amazon, to reduce the carbon footprint of data center infrastructure by producing power cables made with Elysis aluminum. The agreement involves installing the cables inside an Amazon data center in Ohio, USA.
B for Bank announced on Friday that the final agreements relating to the sale of six bank branches to the BCC Iccrea group have been signed. The sale, announced on February 24, was completed in accordance with the authorization issued by the Italian Competition Authority (Autorità Garante della Concorrenza e del Mercato) as part of the acquisition and subsequent merger of Banca Popolare di Sondrio S.p.A. into BPER.
CampariUBS confirmed its 'buy' rating with a target price of 7,00 euros.
A2A A2A is ready to invest over €1 billion in hydroelectric power, but is calling for accelerated decisions regarding concessions to avoid delaying necessary maintenance on the plants. CEO Renato Mazzoncini stated this during the presentation of a new underwater robot for hydroelectric reservoir maintenance at the Cancano dam in Valtellina. According to Mazzoncini, the Italian hydroelectric sector requires approximately €15 billion in total investment. A2A has 2 GW of capacity out of Italy's total 21 GW and therefore has a budget of over €1 billion for maintenance.
