On the markets the the storm seems to have passed and the prices recover part of the losses suffered thanks also to the drop of the price of the Petroleum which gives hope for a containment of inflation and positive forecasts of Nvidia's CEOHowever, the opening prices of European stock markets are slightly lower. Bank of Japan It raised interest rates, but the non-unanimous vote of its board penalized the yen. Markets will also face the further test in day of the "three witches". The Russia takes control of local activities in Switzerland Nestle and the French Auchan.
Oil prices fall, just above $100
The Saudi Arabia and Yemeni Houthis, supported by Iran, exchanged new attacks along the border, while Yemenis have taken refuge in the Red Sea to escape the fighting, as the ever-expanding war in the Middle East creates new threats to their global oil supplies. The hope that traders will find new ways to access the market contained further increases in crude oil prices, keeping them just over $100 per barrel, but still up almost 15% since the beginning of the month.
Wall Street rallied sharply yesterday. Nvidia expects chip sales to double by 2027.
Wall Street yesterday it recovered ground thanks to the fall in prices of Petroleum, at the bottom of the government bond yields Use in addition to robust data on job market. All this allowed investors to ride out the first interest rate hike by the Federal Reserve in more than three years on Wednesday and, above all, the possibility that more could follow shortly. Furthermore, the market appears relieved by the Fed's consistency and determination in fighting inflation, even going against the wishes of the White House tenant. All three major U.S. stock indices closed sharply higher, but the S&P 500 and the Nasdaq 100 recorded their best day since the beginning of August, driven by a broad recovery of the technological sector (+2,2%). The Dow Jones closed at +0,62%, S & P 500 to +1,14%, Nasdaq to +1,69%.
To give support to the sector related toartificial intelligence they were the words of yesterday Jensen Huang, CEO Nvidia which has foreseen to double chip sales next year, thanks to the spread of artificial intelligence across various sectors. Artificial intelligence brings great benefits to various sectors, Huang told reporters on the sidelines of an event convened by King Charles III in Scotland yesterday. Nvidia is the leading supplier of artificial intelligence accelerators, chips used to develop and run artificial intelligence models. Huang maintains his optimistic stance at a time when concerns on artificial intelligence after industry leaders talked about slowing its development over fears it could be dangerous. Huang said that companies must take responsibility and ensure that their AI-based software and services be sure before releasing them. The Nvidia stocks rose as much as 2,8%, reversing losses seen last week. The stock has gained about 17% since the beginning of the year.
According to CME's FedWatch tool, financial markets are currently pricing in a 53,1% probability of a further 25 basis point interest rate hike at the Fed's next meeting in October, up from 27,2% a week ago. The Labor Department's weekly jobless claims report unemployment benefits showed a decline in initial inquiries to 1969 lows.
Actions related to cryptocurrency rose after the U.S. Securities and Exchange Commission (SEC) announced afive-year exemption for tokenized stock trading. Circle Internet Group and Robin Hood rose by 5,8% and 5,2%, respectively, while Coinbase rose by 5,8%. Shares of CoreWeave fell 3,8% after the provider of computing solutions for artificial intelligence systems launched a new round of fundraising that includes a $3 billion convertible bond issuance and a facility for the potential sale of up to 35 million shares of common stock.
Today the markets will also have to face the further test of the so-called “triple witching”, That is, the expiration of derivative contracts tied to stocks, index options, and futures. Over $2.000 trillion in notional value of options expire today, and historical data suggests the S&P 500 Index has a higher-than-average chance of closing lower, according to analysts.
Asia surges after Nvidia CEO comments
Le asian bags are moving higher benefiting from the positive close on Wall Street. The MSCI Asian stock index rose by 0,8% with the South Korean Kospi and its technology components benefiting from the comforting words from Nvidia's CEO: Kospi is up by almost 3%, Samsung Electronics the 3,5% SK Hynix of 5,9%.
In Japan the stock index Nikkei 225 is up 1,7%. Softbank Group, which has reportedly increased its margin loan secured by shares of its semiconductor division by $5 billion. Arm Holdings, bringing it to $25 billion. Bank of Japan, as expected, has raised its benchmark rate by a quarter of a point, taking it to 1,25%, a 31-year high, but the fact that not everyone on the board was of the same opinion was perceived by the market as a lack of determination to fight inflation, penalizing the yen dropped to around 157,10 per dollar. Strategists say the dollar-yen exchange rate could rise toward 160 if investors conclude that the Bank of Japan's restrictive policy will struggle to keep up with that of the Federal Reserve. yuan reached its highest level against the dollar in more than four years, continuing a rise supported by the solid performance of Chinese exports and central bank support.
The market government bonds has recovered ground and the performance of the ten-year US, which investors use as a benchmark, fell nine basis points to 4,93% after hitting a high of 5,02% following the Fed's decision. Government bonds with similar maturities in Australia and New Zealand followed the same path. extended its gains to around $4.370 an ounce, after gaining nearly 2% on Thursday, recovering much of the losses from the previous three sessions.
European stock markets opened little changed. At the Milan Stock Exchange, we're keeping an eye on Webuild, Trevi, Generali, and Stm.
European stock markets expected to remain unchanged, with the Eurostoxx50 futures trading down 0,10%.
Nestle Auchan. The Russia has taken over the control of local activities of the Swiss food giant Nestlé and the French supermarket chain Auchan, in the Kremlin's largest acquisition of foreign corporate assets since at least 2024, amid rising tensions with Europe. According to a decree published Thursday evening on the country's official legal portal, President Vladimir Putin has ordered their holdings in Russian companies to be placed under temporary administration by a company called AO LEV Menedzhment. According to Russian registry data, the company was registered in Moscow in 2024 with a share capital of just 15.000 rubles ($177) and a single employee. Before the decree, it had little publicity. Subscribe to the Defense Monitor newsletter. The Kremlin's surprise action against Nestlé and Auchan highlights the increasingly difficult business environment facing international companies remaining in Russia.
GeneraliBetween 2025 and 2026, Generali CEO Philippe Donnet sold a total of over 1,3 million shares in the insurance company for a value of nearly €50 million. The latest transaction involved 350 shares sold between September 14 and 15 for €15,8 million.
stm could benefit from the positive forecasts of the Nvidia CEO
Inwit announced that Rosario Mazza, non-executive director, has resigned, effective immediately, from his position as a director and member of the Strategy Committee and the Nominations and Remuneration Committee, due to unforeseen professional commitments.
A2A presented the Teti project, an underwater technology for sediment management in hydroelectric reservoirs. At the Cancano dam in Valtellina, the Lombardy-based multi-utility has begun pilot testing an underwater robot capable of removing sediment from the reservoir floor without emptying it. The robot was developed in collaboration with Watertracks, a French company specializing in advanced robotic solutions.
WebuildWebuild's tender offer for Trevi, which will be launched on September 28th and will end on November 20th, unless extended, is priced at €4,50 per share in cash (a 30% premium). The offer is fully covered by a financing agreement to cover the outlay for the purchase of all the shares and the potential refinancing of Trevi's debt, on which Webuild's offer does not impose conditions.
Mare Group approved the translisting from Euronext Growth Milan to the Star segment of Borsa Italiana, the segment of Euronext Milan reserved for mid-cap companies.
