The climate on the price lists stocks and bonds he calmed down as the nightmare of a rise in rates on the part of the Fed has eased after the statements of the governor of the US Federal Reserve, Christopher Waller. The prices of Petroleum They held near $95 a barrel, on track to close the week up 7%. Bitcoin is back near the $81.000 mark. After yesterday's sharp rise on Wall Street, with renewed interest in the tech and software sectors, Asian stocks also moved higher. European stocks are expected to open slightly higher.
Waller's words reduce fears of a Fed rate hike. Government bonds recover.
During a speech at an event Reuters Waller He said that recent data suggest some signs of disinflation and that, if future reports confirm this trend, will propose to keep interest rates unchanged at this month's monetary policy meeting. Waller effectively rejected the main thesis advanced by the Fed Chairman. Kevin Warsh last week, according to which there is little evidence of a decline in core inflation. Following Waller's comments, financial markets moderated expectations of an interest rate hike at the Fed's September 16 meeting, reducing the probability to 50,4% from 63,2% on Wednesday, according to the CME's FedWatch tool. Today's data on theUS occupation, but even more important for the Fed's policy will be the August inflation report (CPI and PPI), out next week.
Following Waller's dovish comments, US Treasuries rallied, and yields consequently fell, driven by shorter-term maturities, with the yield curve steepening. Two-year yields, down 5 basis points, stand at 4,3381%, farther from a 20-month peak of 4,4102%. Ten-year yields, after a 3-basis point decline, are at 4,7620%, while 30-year yields stood at 5,2433%, after a 2-basis point decline. Investors in long-term bonds remain cautious about inflation risks, amid limited signs of progress between the United States and Iran in ending the war and reopening the Strait of Hormuz.
Wall Street closed sharply higher yesterday. Demand for tech is returning. The software sector is also recovering. Jobs data is expected today.
Wall Street rose yesterday, with investors reducing their bets on a rise in rates after Waller's statements. The data will have great importance today on 'US occupationToday's data is forecast to see an increase of 56.000 jobs, following the unexpected decline of 23.000 the previous month. The unemployment rate is expected to remain stable at 4,1%.
Il Dow Jones closed at +1,18%, S & P 500 with +1,06%, Nasdaq at +1,40%, the latter benefiting from the boost from the "Magnificent Seven" group of large-cap stocks linked to artificial intelligence. All three indices were on track to close the week in the green.
The yield of US government bond benchmark fell for the second consecutive session.
Investors have been closely monitoring the quarterly results of the latest tech companies in recent days, noting the stellar revenues but, above all, the forecast of strong demand for years to come, which has encouraged them to return to investing in tech stocks. Nvidia rose 1,8% after the company announced its acquisition of developer platform hugging face for $12,9 billion, challenging OpenAI and Anthropic.
In the meantime, right? anthropic is finalizing a $15 billion pre-IPO credit line. Claude, his chatbot company, aims to raise as much or more than SpaceX in its initial public offering. Instead, OpenAI announced the launch of Astra, touting it as its most powerful language model ever, capable of performing most typical laptop tasks. Palantir Technologies e PwC They expanded their alliance to help enterprises implement AI tools in critical business operations. Palantir shares rose 7,7%, the second-largest gain on the Nasdaq. Meanwhile, the chipmaker Broadcom fell by 2,7% as, despite strong quarterly data, it indicated revenue forecasts for the fourth quarter that were lower than the consensus.
Attention has also returned to the software sector, which had been penalized in the timoe that it could be supplanted by artificial intelligence. So Snowflake jumped 16,6% after forecasting strong annual revenue and ServiceNow, Salesforce e Adobe have gained between 2,1% and 6,5%. Stocks linked to cryptocurrency rose after bitcoin rebounded following two consecutive sessions of losses, with Strategy up 17,6% e Global Coinbase of 10,1%.
U.S. economic data released during the session showed an acceleration in activity in the service sector last month, with a gauge of prices paid reaching the highest level in three years. The survey also “Beige Book” The Federal Reserve has highlighted a slight increase in economic activity in recent weeks.
Asia recovers, paring the week's losses. The yen strengthens.
Asia breathed a sigh of relief, managing to raise the Nikkei by 1,5%, while the Kospi South Korea's stock market rose 2,1%, and Hong Kong's Hang Seng jumped 2,1%. The MSCI Asia-Pacific index rose 1%, but that wasn't enough to offset early losses, with the index closing the week down 0,4%.
Il dollar decline American contributed to a yen rally, which gained 2,5% this week, reaching 156 against the dollar. Some suspect Tokyo authorities are implementing exchange controls, while expectations are growing that the Bank of Japan will raise interest rates this month, possibly followed by a hike in October.
In the commodity markets, the It held steady at $4.470 an ounce after a 2% rise overnight. However, it is expected to close the week with little change. Bitcoin stood near the $81.000 mark,
European stock markets are expected to open higher. At the Milan Stock Exchange, eyes are on the banking risk game and Eni.
European stock markets are expected to open slightly higher this morning, based on Eurostoxx 50 futures trading at +0,11%.
Volkswagen Approves a plan to cut another 50.000 jobs as part of a comprehensive restructuring. Volkswagen will also reduce its shareholdings and model range by approximately 50% by 2035.
PsThe ECB has given the green light for the merger of Mediobanca into Rocca Salimbeni and for the other corporate reorganization operations related to the product factories envisaged in the project.
Generali. Barclays raised its target price from 28,6 to 30 euros (underweight rating).
EniBarclays raised its target price from 28,5 to 29,5 euros (overweight rating) and Morgan Stanley raised its target price from 22 to 23,8 euros, but has an equal-weight rating.
atr, a 50/50 joint venture between Leonardo and Airbus, has received an order worth approximately $1 billion from regional airline FLY91.
IvecoConsob has approved Tata Motors' tender offer for the group's ordinary shares. The offer, launched by TML CV Holdings, will begin on September 7 and end on October 26. Authorization was the final step required for the launch of the operation.
Pininfarina The company closed the first six months of 2026 with higher profitability than in the same period of 2025, despite an uncertain market environment. Revenues reached €84,9 million (+112,3%), operating profit was positive by €1,2 million compared to a loss of €4,4 million in the first six months of 2025, and net profit stood at €0,6 million, compared to a loss of €5,2 million at June 30, 2025.
Saint Lawrence closed the first half of 2026 with a net profit of €49,1 million (+5,4% year-over-year) and revenues up 3,8% to €471,3 million. The group confirmed its 2026 guidance and business plan targets for 2028.
IcopOrdinary shares debut today on Euronext Milan after being delisted from the Euronext Growth Milan segment.
