Positive start to the week for the European stock exchanges which closed the session in the green and celebrated the release of the hostages by Hamas. But the markets' optimism was also supported by the change in tone of the White House towards the China after the president's threats Donald Trump which on Friday announced its intention to impose 100% higher trade tariffs against the Dragon in response to Beijing's restrictions on rare earth exports. With Beijing "it will all be fine", the US president said yesterday, stressing that the United States does not intend to harm China, following Beijing's decision to impose new export restrictions.
At the macro level, investors are once again looking towards the central banksi. The speech by the Fed Chairman is expected tomorrow, Tuesday, October 14th, Jerome Powell, on economic policy and the economic outlook, from which some indications are expected, also considering the silence on data in recent weeks due to the shutdown. The ECB president will speak on Thursday, Christine Lagarde, who will speak at the IMF's annual meeting (which starts today and ends on October 18).
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In this context, European stock markets closed the first session of the week higher, driven by chips, which benefited from the reduction in tensions between China and the US, and by construction stocks, which are looking ahead to the Gaza peace agreement. Amsterdam (+1,2%) is the best, closely followed by Madrid. The CAC 40 in Paris rose 0,2% despite persistent political uncertainty: Prime Minister Sébastien Lecornu presented his new 34-minister government last night and will deliver his general policy statement to the General Assembly tomorrow afternoon. It gained more than half a percentage point. Frankfurt.
Milan also aligns itself with the general mood, driven by the increases in Buzzi, Stellantis and STM. Still sales on Classic Ferrari for saleCiti has cut its target price to 340 euros. The stock is also down. Diasorin.
On the foreign exchange market, the'EUR is down against the dollar at 1,15 (1,1626 at the close on Friday). The rally continues which reached a new record at 4.075,08 dollars per ounce (+1,44% the spot contract). spread between BTPs and Bunds it moves at 82 basis points.
