Share

Stock Market Today, October 9: Europe loses despite Gaza deal. Milan takes a backseat, weighed down by Ferrari's collapse – LIVE

Political tensions remain high in France, where Macron will have to nominate a new prime minister. Ferrari crashes in Milan on the day of the CMD – Follow the LIVE coverage.

Stock Market Today, October 9: Europe loses despite Gaza deal. Milan takes a backseat, weighed down by Ferrari's collapse – LIVE

Le European stock exchanges closed down, despite the announcement by US President Donald Trump on the signing of the peace plan for GazaMarkets remain weighed down by thepolitical uncertainty in FranceThe opposition is calling for early elections, but the resigning Prime Minister Sebastien Lecornu has confirmed that Macron will soon appoint a new prime ministerMeanwhile, the budget stalemate in the US is keeping the shutdown active, now in its ninth day, and Wall Street is also moving into negative territory.

In Asia, the markets are showing positive signs: the Tokyo Stock Exchange closes sharply higher (+1,8%), supported by the rally in shares Softbank and from the fever for theartificial intelligence.

READ MORE Oil prices fall after Israel-Hamas deal, but gold remains strong. di G. Bruschi

Piazza Affari is the worst in Europe, weighed down by the collapse of Ferrari On Capital Markets Day, the market reacted negatively to the 2030 forecasts, which were judged to be disappointing compared to expectations. However, the market reacted positively. Tim e Buzzi, in progress with Stellantis e stmSpotlight on banks: Sergio Ermotti, CEO of UBS, declared to Sun 24 Hours that in Italy "there is room for new hubs, and MPS has all the credentials to play an important role in the next phase." Investors are wondering whether, after Mediobanca, the Sienese institution is also evaluating the dossier Bpm bank. Meanwhile, according to The print, Banco Bpm are studying how prevent the government from blocking the operation with Crédit Agricole, replicating a mechanism similar to that imposed on Pirelli by Sinochem, the first shareholder without strategic control, while it has presented an expression of interest for the Bank of Asti, of which he already holds 9,9% (they write the Corriere della Sera e MF). The government, according to the Sun 24 Hours, could also consider a refund of up to 1,5 billion for the IRAP tax on dividends exceeding the 5% threshold, potentially positive for those operating in Luxembourg or Ireland.

Lo spread The BTP-Bund bond is stuck at 82 points, with the yield on the 10-year Italian bond at 3,5%.

Among the raw materials, the Petroleum remains stable (Brent 66,44 dollars, Wti 62,71 dollars), while the gas drops to 32 euros per MWh. The is little changed (at $3.938 an ounce), just below Wednesday's record levels. On the currency front, theeuro is above $1,16. Finally, the Bitcoin moves in slight decline.

comments