Le European stock exchanges close on the rise with Milan e Paris in the lead, digesting without hesitation both the data on American inflation and the decision of the ECB to keep interest rates unchangedIn August, consumer prices in the United States rose by 0,4% on a monthly basis, as expected, while on an annual basis inflation stood at 2,9%, slightly above estimates, confirming a "light and dark" picture but without shocks. Above expectations, the unemployment benefit applications, at its highest since October 2021.
On the European front, Eurosystem experts predict ainflation average of 2,1% in 2025, 1,7% in 2026 and 1,9% in 2027. As regards the growth of GDP, the estimates have been revised: +1,2% for 2025 (from 0,9%), 1% for 2026 (from 1,1%) and confirmed at +1,3% for 2027. The president of the ECB, Christine Lagarde, he commented during the press conference following the Governing Council meeting: "We continue to be in a good position," stressing, however, that this does not mean that future decisions are already predetermined. Each decision will be made "on a case-by-case basis, based on the data," reiterating the central bank's prudent and flexible approach.
overseas, Wall Street is continuing to rise sharply, with the spotlight still on Oracle infrastructures , which yesterday recorded its best session since 1992 and brought Larry Ellison at the top of the list of the richest in the world thanks to the prospects linked to artificial intelligence (and the new mega-deal with Open AI).
Read EVEN AI Race from Wall Street to Asia di G. Bruschi
A Business Square, exploit of Stellantis at the end of the session after the reassurances of the CEO Antonio Filosa. Excellent performance by Buzzi after JP Morgan's promotion. A rain of purchases also on Leonardo, Ps e MediobancaGeneral Manager Francesco Saverio Vinci has indicated that the takeover bid for Rocca Salimbeni could reach 80% acceptance. Meanwhile, BlackRock's stake in Monte dei Paschi rises to 5%. after the success of the operation. Sales on Diasorin and Nexi.
Lo spread between BTPs and Bunds falls to 82 basis points, with the yield on the Italian 3,48-year bond at XNUMX%.
The euro falls below 1,173 against the dollar. The Petroleum Retreats: Brent at $67 a barrel, WTI above $63. Stable (Supply) gas at 33 euros per megawatt hour in Amsterdam. Gold down slightly, but above $3.626 an ounce.
