Piazza Affari's positive week continues, consolidating its position above 42.000 points today, gaining another 0,89%. This time the star of the session is Stellantis, which leads the entire list, advancing by more than 9% to more than 8 euros per share, following the words of CEO Antonio Filosa, who, speaking at the Kepler Cheuvreux Autumn Conference 2025, emphasized that "volumes are growing and this will be seen in the fourth quarter and especially next year. Our three priorities for the coming years are business growth, starting from North America and then moving on to Europe and through the launch of new products, impeccable execution and increasing profits. We want to turn the corner very soon. Our goal is to have a improvement of all indicators In short, a boost of confidence for investors, who responded positively.
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Buzzi +6,7%, Leonardo +2,9% and Interpump +2% also performed well in Milan, and once again the banks did not disappoint: MPS and Mediobanca above all with +2%, Unicredit +1%, Intesa Sanpaolo +0,6%, Popolare Sondio +1,45%. Nexi is bucking the trend again today – which lost another 1,4% after yesterday's dramatic session following the downgrade by Barclays – Diasorin -1,8%, Prysmian and Campari. Wall Street accelerates in the afternoon, with all three major indices hitting record highs following the positive news from US inflation data, which is no longer a concern. The US consumer price index rose in August, but likely not enough to thwart the Federal Reserve's rate cut, expected next week.
Consumer prices rose 0,4% in August last month, versus expectations for a 0,3% increase; the annual figure rose from 2,7% to 2,9%, in line with forecasts Wall Street. As European stock markets close, the Dow Jones Industrial Average updates its record high, gaining more than one percentage point. The S&P 500 rises 43,88 points (+0,67%), and the Nasdaq adds 118,54 points (+0,6%). And what about other European markets? Frankfurt rises after yesterday's decline, gaining 0,26%; Paris appears to have overcome the political crisis and is up 0,8%; and London is doing almost as well, gaining 0,78%.
It's a golden moment for the Italian spread, and today's session is no exception. After the setback (for the French) of the peg to the French OAT compared to the German Bund, today the Btp Bund spread continues to fall and settles at 83 basis points, with the yield on the 3,5-year government bond falling below 3,48%, to 80%. The Franco-German spread also narrowed slightly, but remained around 1,17 points. It's also a decidedly favorable moment for the euro, which is gaining a bit more against the US dollar, consolidating at 3.635. Gold, on the other hand, is taking a breather after its string of record highs, but remains at very high levels, around $XNUMX an ounce. Even oil breathes, constantly growing in recent days: today Brent is worth around 66,4 dollars a barrel, while WTI crude has fallen below 63 dollars a barrel,
