Le European stock exchanges closed weakly, with Milan (Ftse Mib 42.209,64) down 1,03%, the worst performer among the main indices, held back above all by the banking sector. Wall Street the session continues to decline, while (with the markets closed) the accounts of TeslaThe US auto giant is the first of the Magnificent Seven to publish results, which could test the market's resilience after the recent rally. Investors remain cautious ahead of the inflation data US on Friday and the meeting of the Fed next week, which could offer new clues about U.S. monetary policy.
Geopolitical uncertainties are contributing to the markets' tension. The president Donald Trump ha meeting with Xi Jinping questioned, initially planned in South Korea, while also the summit with Vladimir Putin in Budapest it slippedThe news supports the European defense stocks, on the rise.
The uncertainty is also reflected in the Asian markets, which closed the session in a mixed order: Tokyo it remained on par, Hong Kong lost almost a point, and Shanghai 0,07%.
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A Business Square, Unicredit opens the season with a record net profit of 8,75 billion in the first nine months of the year, up 12,9% compared to 2024. Supporting the list is Diasorin (+2,61%), thanks to an agreement with Quest Diagnostics, together with oil sector stocks such as Eni, Tenaris e Saipem, supported by the increase in the price of oil. Leonardo, initially at the top, goes into the red while waiting for the announcement of the agreement with Thales and Airbus for the creation of a large European hub in the satellite sector.
On the contrary, the banking sector is suffering from profit taking after yesterday's rally, with Banca Popolare di Sondrio e B for Bank among the worst. Luxury is also struggling, with Moncler e BRUNELLO CUCINELLI weighed down by the decline of Hermès in Paris after the accounts, while L'Oréal disappoints expectations.
Lo spread BTP-Bund rises to 79 basis points. Meanwhile, the offer of the new Btp Value: in the early moments of the third day orders have already reached 300 million euros, bringing the overall total since the beginning of the placement at 10 billion.
On the foreign exchange market, theeuro remains stable at 1,1606 against the dollar, while the Petroleum advances with Brent at 62,42 dollars a barrel (+1,86%) and WTI at 58,28 dollars (+1,8%). gas design instead it retreats slightly. After an initial recovery, thegold folds again, with the spot contract just above 4.000 dollars an ounce (-1,7%) and futures stable at 4.087 dollars. Thesilver falls 0,5% to $48,4.
