I stock lists are stuck on recent declines, under pressure from rising oil prices Petroleum and government bond yields, with investors weighing uncertainty over the prospects for a peace deal in the war with Iran and the impact on the path of the Federal Reserve ratesThe Australian central bank raised rates, as expected.
Only a signal indicating the end of the war in the Middle East could boost the markets. But for now, the lack of signals has kept oil futures down. Brent at $107 The optimism for a breakthrough has faded. US and Iranian officials have spoken separately with mediators to try to end the seven-month war, according to officials from both countries. Further discussions are expected to focus on a revised version of the seven-day proposal Iran presented last week on the sidelines of the United Nations General Assembly, according to sources.
Government bond yields stabilized this morning in Asia, having reached new highs, as investors are realizing that the era of low-interest financing is over. Sovereign yields are a benchmark for global markets, a benchmark for investing in riskier stocks, and a benchmark for mortgages and corporate lending. Higher rates put pressure on the balance sheets of governments, businesses, and households.
Wall Street fell yesterday. Only Nvidia stood out after announcing a $150 billion buyback. Anthropic is preparing for its IPO.
IERI (Yesterday) Wall Street closed down and the bond market saw a new rise in yields. Dow Jones closed at -0,67%, S & P 500 at -0,77%, Nasdaq at -0,92% The shares of Boeing fell 6,9%, becoming among the main factors dragging down the Dow Jones, after the US Federal Aviation Administration announced that it will further delay the certification of the Boeing 737 MAX 10 until a recently emerged software issue is resolved. Tesla fell 3,9% after brokerage firm JPMorgan lowered its price target, citing weak third-quarter deliveries. Bucking the overall trend, Nvidia rose 1,6% after announcing a $150 billion share repurchase authorization, the largest share buyback ever by a company.
The American artificial intelligence giant anthropic in its prospectus in view of the'Ipo he said he is aiming for a valuation of $2 trillion, but it posted a net loss of $42 billion in 2025 and plans to spend $518 billion on IT and infrastructure to realize its revolutionary vision, reports Reuters.
According to the Wall Street Journal, OpenAI has canceled plans to release its latest artificial intelligence model after researchers discovered security risks during testing. The chipmaker Advanced Micro Devices Inc. has reached an agreement to acquire World Labs for $8,2 billion, acquiring an artificial intelligence startup founded by Fei-Fei Li, an artificial intelligence pioneer and researcher.
Il return of the reference US government bond 10 years jumped to a 19-year high yesterday, exceeding 5,27%, up nearly 50 basis points since the beginning of September. Yields rise when bond prices fall, and the monthly decline is the largest in two years. The U.S. Treasury yield 2 years has risen further, jumping more than 57 basis points this month to the 5% mark, as market participants expect growth and inflation in the United States to lead to three further rate hikes of interest on the part of the Federal Reserve within mid next year.
Asia falls. Australia raises rates.
Asian stock markets continued their decline from previous sessions, without any encouraging signs. Japan Stocks fell more than 1% as more than half of the Topix index went ex-dividend. The auction of 40-year Japanese government bonds saw the highest demand since 2020, thanks to relatively high yields that attracted investors. In South Korea, the Kospi is down 1,2%, with Samsung which resists with a +0,3% and Sk Hynix at -0,9%. Samsung Electronics and five affiliated companies are investing a total of $1 billion in U.S. company Helix Digital Infrastructure, backed by KKR and led by a former Amazon Web Services executive.
I currency markets Asians remained largely stable, leaving the dollar set to close the month on the rise. The exchange rate with the yen remained at 157,50 per dollar, while theeuro remained at $1,1360.
As expected, theAustralia raised its benchmark interest rate to its highest level in 15 years, and market participants are betting on a further increase. The Australian dollar held steady at $0,7017.
In other segments of the market, the rose 0,3% to $4.130 an ounce, after a nearly 4% decline yesterday.silver stabilized around $60,60 an ounce. Among cryptocurrencies, the Bitcoin fell 0,5% to $83.056,2. Theether fell 0,8% to $2.661,38.
European stock markets seen opening at parity. At Piazza Affari, eyes on Banca Ifis, defense, Edison
European stock markets are expected to open at par based on indications from Eurostoxx 50 futures.
Mediobanca has called the meeting for October 29th to deliberate in an extraordinary session regarding the merger by incorporation into MPS.
Bank Ifis The Group is preparing its intervention plan following the supervisory authorities' concerns. In the coming weeks, the exit from NPLs, the remediation plan requested by the supervisory authorities, and the merger of illimity into the parent company will enter the decisive phase. These are three key steps in the reorganization with which the group will attempt to respond to the Bank of Italy. Regarding non-performing loans, MF-Milano Finanza writes that the data room with the bidders admitted to the tender (Cerberus, Apollo, Aliseda, and Eos) is expected to continue throughout October, with binding bids and the granting of exclusivity in November, with closing by the end of the year.
DEFENSEAirbus and Leonardo are investigating an anomaly that triggered a quality alert on 500 A321neo aircraft, Airbus's most successful model, and reduced the company's ability to meet its 2026 delivery targets, two sources familiar with the matter said.
Classic Ferrari for saleJefferies reiterated its buy rating and target price of €400 because it continues to consider the company "a rare source of visibility in a broader consumer universe characterized by poor transparency."
EdisonQatarEnergy has extended its force majeure restrictions on supplies to Italy until early December 2026, announcing the impossibility of carrying six additional shipments of liquefied natural gas destined for the Adriatic LNG terminal. This brings the total affected shipments to 35, equivalent to approximately 4,6 billion cubic meters of gas. Aeffe, after the Ministry of Mimit announced that the consortium for the group's relaunch, comprising Invitalia, the Oxy Fund, an Italian industrial partner, and a minority Chinese partner with no governance, will present a proposal worth over €100 million in the first week of October.
Mare Mare announced two capital increases of up to €3 million each, both at a price of €5,60 per share, to support the previously announced acquisitions of Ctmavio and Workgroup. Mare also extended the binding agreement for the subsequent sale of Workgroup to Metriks AI from September 30 to November 15.
