The only thing that can dominate the scene today is thehistorical agreement reached in the middle of the night with a ceasefire between Israel and Hamas and the release of the hostages, hailed as a first step toward ending the two-year conflict and rebuilding war-torn Gaza. Although some analysts remain skeptical, the first market responses are positive: drop in price of Petroleum, asian bags on the rise with investors still banking on everything related to theartificial intelligence. It still remained above $4.000 and the dollar maintained its recent strong gains.
In Europe, markets are waiting to see if the French president Macron He will be able to appoint a prime minister, after saying yesterday that he would announce the name within 48 hours, adding that a majority of lawmakers oppose holding early parliamentary elections amid France's worst crisis in decades. European stock markets are expected to open slightly higher.
Wall Street buoyed by rising tech earnings estimates
It was still the interest for the technological sector Artificial intelligence-linked stocks pushed the S&P 500 and Nasdaq to record highs yesterday. The Dow Jones closed flat, the S&P 500 rose 0,58%, and the Nasdaq rose 1,12%.
What convinced investors even more were the stime JPMorgan analysts' take on the upcoming season third quarter results they see a growth in profits nTechnology sector stocks rose 20,9% from 15,9% in June. About 81% of technology stocks saw their estimates rise, led by Nvidia e Apple Overall earnings are expected to grow 8% in the third quarter, with revenue increasing 6,3%.
In addition, the United States has approved theNvidia chip export towards the United Arab Emirates worth several billion dollars, he said. BloombergThe Department of Commerce's Bureau of Industry and Security has issued Nvidia export licenses under the terms of a bilateral artificial intelligence agreement signed in May. The agreement would boost the UAE's construction of data centers critical to the development of AI models.
I minutes of the last meeting of the Federal Reserve Yesterday's meeting left investors relatively indifferent: the minutes show that a majority of members warned of upside inflation risks, while still approving monetary policy easing. Futures continue to forecast a 94% probability of another quarter-point cut in November and forecast easing of 44 basis points by the end of the year. 10-year treasury yields They fell slightly to 4,115% and ignored a lackluster result in yesterday's auction of new bonds. The U.S. government shutdown, which entered its eighth day, also went unnoticed.
China and Japan are rising sharply: eyes on technology, with Softbank and TSMC, and on minerals
A leap in the technology sector has pushed the Nikkei Japan's stocks rose 1,5% and returned to record highs. Data showed that offshore funds purchased Japanese stocks worth a net 2,5 trillion yen ($16,40 billion) in the week ending October 4. Softbank Group exhibition a 13% jump, a new all-time intraday high, following the announcement of its plan to acquire ABB's robotics division, a move fueling expectations of profit growth from artificial intelligence. The conglomerate's industrial robots division changed hands for approximately $5,4 billion. The deal is the latest in a series of AI-related investments made by SoftBank this year.
They have reopened the Chinese Blue Chips after a week of Golden Week holidays and show a 1,7% increase, reaching levels last seen in early 2022. Despite the increase, Chinese stocks they remain a lot cheaper their American counterparts. The MSCI China index traded at less than 14 times forward earnings, well below the S&P 500's valuation of 23 times, according to data compiled by BloombergAnalysts warned that early readings on the holiday spending were “disappointing,” though data is very patchy: Beijing reported that consumers spent 809 billion yuan ($113,52 billion) during the holidays, making 888 million trips. Beijing he also announced new restrictions on the export of minerals and rare earth equipment, a critical issue in trade talks with United States and the new restrictions may not be well received by the White House. The mineral index rose as much as 4,7%, with Jiangxi Copper Co. and Shandong Gold Mining Co. suspended due to excessive increase. Analysts turn their attention to the Communist Party meeting of 20-23 October, during which the project for the 15th five-year plan.
The actions at Taiwan rose 1,2%, reaching a new record. Tsmc, the world's largest contract chipmaker, which has customers such as Nvidia and Apple, announced today that the Third quarter revenues increased by 30% on an annual basis, exceeding market forecasts, as demand for the company's products soared thanks to growing interest in artificial intelligence applications. According to calculations by ReutersRevenue for the July-September period totaled NT$989,92 billion (NZ$32,47 billion), compared to NT$759,69 billion in the same period a year earlier. The company will release full third-quarter results on October 16. TSMC shares have risen 34% this year.
On parity the stock market'IndiaThe Indian central bank has stepped up its interventions in offshore currency markets to defend the rupee, according to Bloomberg.
As for currencies, the dollar remained close to eight-month highs on the yen at 152,54, after rising 3,5% so far this week, on concerns over further Japanese government debt. euro it has stabilized at $1,1641, after hitting a six-week low of $1,1598 in reaction to German industrial production data that showed the biggest monthly decline in more than three years in August.
The remained at $4.037 an ounce, up 3,9% from the previous week. Prices of Petroleum Brent crude fell 0,6% to $65,89 a barrel, while U.S. crude oil fell 0,7% to $62,12 a barrel.
European stock markets saw a breakeven opening. Keep an eye on Unicredit.
European stock markets are expected to open near parity: Eurostoxx50 futures up 0,04%.
GermanyGerman exports fell 0,5% in August compared to the previous month, according to data from the Federal Statistical Office released Thursday. This result contrasts sharply with the 0,3% increase expected by the Reuters study.
UniCreditThe institute led by Andrea Orcel provided an update on analysts' estimates for the third quarter of 2025 and the two-year period 2025-2026. According to investment banks' consensus, UniCredit should have closed the third quarter of 2025 with a net profit of €2,44 billion, while net interest and other banking income is expected to be €6,03 billion.
banksIn Italy, the banking sector has seen "significant transactions" and, potentially, "we will see more," also because "there is room for a third hub." This was stated by Sergio Ermotti, CEO of UBS, who, in an interview with Il Sole 24 Ore, emphasized that the banking game is "far from over: there is room for new hubs, and MPS has all the credentials to play a significant role in the next phase."
Classic Ferrari for sale holds Capital Markets Day and presents its first electric car.
EdisonExecutives from parent company Edf are meeting with investment bankers in Paris as the French company weighs options for the Italian company, including a stock market return (only the savings share is listed).
Italmobiliare holds the Capital Markets Day
