Le European stock exchanges They open the week on a positive note, with their eyes on the Federal Reserve, which is expected to announce its first rate cut of 17 on Wednesday, September 2025. Markets are also awaiting the meetings of the Bank of England, Bank of Canada, and the BoJ.
In Europe, Milan leads the rise with the FTSE Eb +1,14%, followed by Paris +0,98% despite Fitch's downgrade to A+, due to debt and the fall of the French government. More timid Madrid +0,59% and Frankfurt +0,18%, while London remains below par.
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The Ftse Mib is driven by BRUNELLO CUCINELLI +5,68%, supported by an overweight rating from JPMorgan and a target price of 125 euros. Also doing well Moncler +3,32% and lvmh +3,16%, after the purchase of shares by DR.
Among the tech and industrial stocks, the following stand out: stm +3,99% and Leonardo +3,44%, with the hypothesis of an alliance with Airbus +1,70% and Thales to create an alternative to Musk's Starlink as early as 2025. Snam trailed by -0,89%, with possible delays in the acquisition of Open Grid Europe. Focus on Bper +1,77% and Bank Popular of Sondrio +1,83%, coinciding with the meeting for the new Board.
In New York, markets are gaining ground, supported by optimism about US-China negotiations. Shares of Tesla +7% soar after Elon Musk announced the purchase of shares for about 1 billion dollars, his largest investment since 2020. Alphabet, holding company of Google, jumps to a capitalization of 3.000 billion, entering the club with Nvidia, ecosystem e Apple , while Nvidia remains under pressure from an antitrust investigation in China.
October WTI stands at around 63 dollars/barrel, November Brent above 67 dollars, while gas natural drops below 36 euros/MWh.
The euro consolidates at 1,175, gold loses slightly but remains above 3.600 dollars. spread BTP-Bund shows a slight increase, with the French 10-year in line with the German benchmark and the BTP slightly declining.
