Investors are confused about the news coming from the Middle East and look at the price of the only point of reference Petroleum which rose more than 3% this morning above the $107 mark, ahead of a week full of economic news. asian bags are mostly down, with South Korea's SK Hynix falling 5%. Government bond yields are up, with declining and dollar stable. The bags europee are seen opening higher.
Brent rebounds more than 3% above $107 after mixed reports from the Middle East
Trump rejected Iran's latest proposal for the reopening of the Strait of Hormuz, while saying that they expect the resumption of talks with Iran this week. The US president has repeatedly said the war will drag on beyond the midterm elections and may be encouraged not to give in given reports that more oil and refined products are flowing out of the Gulf. Ship-tracking firm Kpler estimates that crude exports from major Middle Eastern producers rebounded in September to 12,8 million barrels per day, the highest level since the start of the war.
For three consecutive weeks the Brent closed above $100, up 17% since the beginning of September. The shortage of refineries also led to the price of Diesel at record levels well above crude oil, raising the risk that inflation will become entrenched in price and wage decisions. This morning the Brent $107,50, up 3,05%, while U.S. crude oil futures added 1,9% to $94,16 a barrel.
Le central banks they responded with a series of interest rate hikes, and the Reserve Bank of Australia will likely be the next to adopt a restrictive monetary policy at the meeting future.
Wall Street rose Friday thanks to the artificial intelligence sector. Microsoft shines.
Wall Street closed higher on Friday, led by ecosystem and other technology-related stocks'artificial intelligence, Despite investor concerns about inflation and the recent rise in bond yields, government bonds USA. S & P 500 closed at +0,51%, Nasdaq to +0,48%, Dow The S&P 500 Index gained 1,2% for the week, while the Nasdaq rose 2% after reaching an all-time high at the close on Tuesday.
ecosystem rose 3,7% after the software giant unveiled several new features in its Copilot app, including a scheduling tool and an always-on AI agent. The chipmaker Qualcomm gained 4% and Dell the 5%. Akamai Technologies rose 3,2% after an $11,6 billion cloud services deal with anthropic, including a warrant that could give Anthropic up to 5% of Akamai. Meta Platform It fell 3,3% after posting an overall gain of about 13% this week thanks to the warm reception given to its AI agent Muse, which analysts say could boost technology infrastructure stocks, while posing a challenge to banks, online shopping platforms, and other consumer goods companies. The memory chip maker Micron Technology, whose market capitalization has exceeded $1.000 trillion, will publish the quarterly results on Wednesday.
General Motors has said it aims to be as "lean" as possible as it prepares for increased competition in the United States, with automakers from around the world flocking to the lucrative American market seeking a "safe haven" from Chinese competition. Paul Jacobson, General Motors' chief financial officer, told Financial Times that the Detroit company will continue to focus on reducing prices and improving the profitability of its electric vehicles.
This week investors will be carefully analyzing the employment data Friday and onUS inflation Wednesday to assess the possibility of an acceleration in interest rate hikes, which could undermine the US stock market rally. According to a Reuters poll of economists, the September jobs report is expected to show growth of 100.000 jobs and an unemployment rate of 4,2%. But Wednesday's key inflation indicator will also be of interest. In the previous report, the core PCE index rose 3,3% in the 12 months to July, well above the central bank's 2% target, and this week's new report will likely confirm that inflation is still above target.
Investors are weighing the implications for the Federal Reserve, which this month began raising interest rates for the first time in three years to counter high inflation. According to CME Group's FedWatch tool, market participants estimate a 66% probability that the Federal Reserve will raise interest rates by at least 25 basis points in October, up from about 50% at the start of the week. At the same time, theGDPNow indicator The Atlanta Federal Reserve expects sustained growth of 5,0% this quarter.
Asia mostly down. SK Hynix plunges 5%.
In Asia, stock markets are mostly down, as are government bonds, which are also increasing their yields. The MSCI Asia-Pacific stock index is down 0,6%. In Japan, the Nikkei is essentially flat, while on the volatile South Korean stock market the Kospi Shares of the chipmaker fell 2,0%. SK Hynix collapsed 5% after media reports over the weekend said its U.S. subsidiary, Solidigm, is considering a U.S. IPO as early as next year, with a valuation of up to $100 billion. SK Hynix's largest shareholder, SK Square Co., fell more than 8%, while SK Inc., which controls SK Square, fell more than 6%.
Le blue chip Chinesehave fallen to a one-year low, with the technological sector under pressure after a group of U.S. lawmakers introduced a bill on Friday to bar the federal government from equipping sensitive government systems with Chinese-made components used to transmit data in artificial intelligence data centers. Chinese data showed a further slowdown in industrial profit growth in August, as the strength of the technology sector was offset by persistent weakness in domestic demand. Shanghai is down 1,76%; Shenzhen is down 3,72%; Hong Kong is up 0,48%. Meanwhile, according to the Financial Times, United States and China They agreed to a $60 billion preferential tariff regime for goods ranging from foie gras to camels.
Il Chinese government has made it known that it could allow some national companies, such as ByteDance and Alibaba, to buy a new one Nvidia chip designed for high-end professional computers, as reported on Sunday by The Information. China's Ministry of Industry and Information Technology has notified some Chinese companies that the government intends to approve such purchases.
The yields of government bonds U.S. 30-year yields rose slightly to 5,5173%, near their highest since 2004, after rising 27 basis points this month alone. Two-year yields jumped 55 basis points this month in anticipation of a Fed rate hike.
The recent wave of positive data has pushed the index higher. dollar at a two-month high of 101,39.euro fell to $1,1383, after losing 2% since the beginning of the month. The dollar rose 0,3% to $157,75. yen, recovering from losses on Friday, when Japanese Finance Minister Satsuki Katayama said Trump had expressed concerns about the yen's weakness. GBP is hovering just above its three-month low of $1,3240, supported in part by the hawkish comments on interest rates made by Bank of England Governor Andrew Bailey. In commodity markets, the fell 2,2% to $4.192 an ounce, after losing more than 4% this month.
European stock markets are expected to open higher. At Piazza Affari, keep an eye on Danieli, OVS, and Stellantis.
European stock markets are expected to open slightly higher this morning, based on Eurostoxx 50 futures trading at +0,3%.
UnicreditThe spokesperson confirmed that the bank is observing the national consolidation process, although it is potentially interested in branches or other assets put up for sale by competitors during mergers. However, he denied any specific interest in Banco BPM.
Ps is in constant contact with the ECB regarding its M&A operations on Banca Generali and Banco Bpm and does not foresee any particular regulatory obstacles, as declared by the president, Cesare Bisoni, to The Corriere della SeraBisoni added that he expects the shareholders' meeting on October 29 to approve the defense strategy against Intesa Sanpaolo's takeover bid, leaving shareholders free to choose at a later stage between Monte dei Paschi's strategy and Intesa Sanpaolo's offer.
Poste-TimAt the end of the reopening of the public tender offer, Poste Italiane reached an 85,82% stake in TIM, missing the 90% threshold that would have allowed the telecommunications giant to proceed with its delisting.
Eni announced a cap on the price of diesel and gasoline at the pump starting September 28 and lasting at least 30 days, thus supporting Prime Minister Giorgia Meloni's efforts to mitigate rising energy costs.
Socar has announced that it will introduce fuel price caps on the Italian network of its subsidiary Italiana Petroli (IP) and that it is evaluating ways to extend the mechanism to Esso-branded stations supplied by IP and to other operators that purchase fuel from the company.
WebuildWebuild's offer period for Trevi starts today, September 28, and ends on November 20. Meanwhile, rival Icop has raised its public exchange offer for the Italian engineering group, raising it from 0,133 to 0,165 shares for each Trevi share tendered, thus valuing each Trevi share at €5,165.
Mayor Tecnimont USA announces that it has signed a Front-End Engineering Design (FEED) contract with Argent for the development of the Argent LNG export complex in Port Fourchon, Louisiana. Under the contract, a statement states, Tecnimont USA will perform the FEED engineering activities and provide technical support for the FERC authorization process.
Danieli reported 2026 results slightly below estimates, with EBITDA of €439 million, stable on an annual basis, compared to the €456 million expected. For 2027, it forecast an EBITDA of €430-€450 million, approximately 10% below the Bloomberg consensus.
OvsCEO Interview: The beauty segment, M&A, and international expansion could drive growth beyond the core apparel business.
