The day seems to start under the best auspices: the hostages who come released in Gaza as part of the ceasefire agreement in Gaza, while the International Peace Summit will be held this afternoon. Trump, who last night said he was willing to reach an agreement with China to calm the new trade tensions, while Macron appointed a new government in an attempt to quell the crisis. This is enough for the markets to recover from the sharp decline which had characterized Friday's session and again there is a rush to get on the train. Only the Chinese stocks are declining, with Beijing apparently unwilling to give up its grip on Rare lands. Instead the Wall Street index futures they are all on the rise and also the European stock exchanges are seen opening in positive territory. Expectations remain high for the season. US quarterly data that the tomorrow with the main banks.
Hostages are being freed in Gaza this minute
In fourth day of the proclaimed ceasefire in Gaza the most awaited moment has arrived: according to the Red Cross the started release of the 20 Israeli hostages still alive in Gaza and the handover of 28 others, of whom 26 are dead and two whose fate is unknown. Israeli Ministry of Justice has released the names of 250 Palestinians sentenced for murder and other serious crimes, the publication of which is expected in the exchange. The list excluded high-profile figures such as senior Hamas commanders, as well as Marwan Barghouti and Ahmed Saadat, key Hamas demands. Discussions on the final list are ongoing, the Hamas Prisoner Information Office said. They will be 1.700 detained Gazans also released from 7 October 2023.
The truce and the exchange of hostages and prisoners have offered a glimmer of hope, but the loss of life, devastation, and trauma have demonstrated the challenges still to be overcome to achieve lasting peace. Much will now depend on the global commitments that could be made at a summit of more than 20 world leaders, led by Trump, scheduled for later today in Sharm el-Sheikh. Also attending will be Emmanuel Macron for France, Keir Starmer for the United Kingdom, and Giorgia Meloni for Italy.
Before arriving in Egypt, Trump will travel to Israel, where he will meet with Israeli Prime Minister Benjamin Netanyahu later today and deliver a speech to the country's parliament. He will also meet with some of the hostages' families.
Asia: Trump optimistic about trade with China. But Beijing isn't giving up.
Over the weekend Trump he used a tone very optimistic on social media, very different from the one used on Friday that caused Wall Street to collapse.Don't worry about China"Everything will be fine! The highly respected President Xi has just been through a rough patch. The United States wants to help China, not harm it!!!" he said, sparing no exclamation points. "From now until the end of October is 'an eternity,'" the president said, referring to the November 1st deadline on tariffs.
Beijing he responded by defending his restrictions on rare earths and refusing to answer calls from the White House, which has become normal. Last night's news has caused a oil and bitcoin rebound, not China's stock market.
The data highlighted the resilience of the China in trade, with the exports jumped by 8,3% on an annual basis in September, double the forecast and also the cheap imports have largely exceeded estimates. The rare earth exports fell by 31% from August, presumably due to tightening restrictions on Western technology and defense manufacturers.
Asian stocks are still reeling from Friday's fallout. Nikkei futures (the stock market is closed for a holiday) rebounded 1,6% to 46.835, but well below Friday's closing level of 48.088 points. In JapanThe ruling coalition collapsed on Friday. Talks between newly elected Liberal Democratic Party leader Sanaei Takaichi and minority Komeito party leader Tetsuo Saito broke down. It's unclear if and when another meeting will take place.
The CSI 300 index of the lists of Shanghai and Shenzhen are down 1,5%. The Hang Seng of Hong Kong loses 3%, theHang Seng Tech falls to the lowest level in the last four weeks: Xiaomi -7%. Shares of the Chinese chip manufacturers, on expectations of a curb by Beijing on imports of US technology. Semiconductor Manufacturing International marks a +5%, Hygon Information + 3,5% Cambricon +2,2%. Citi analysts write in a note that "re-emerged trade tensions could lead investors to avoid the risk associated with export-oriented stocks and to orient themselves towards localization-related names (semiconductors and software) and non-export-oriented companies". The stock exchange Alone is down 1,5%, the stock market is slightly downIndia, At the start of the session: BSE Sensex index -0,4%
Currencies have stabilized, with the yen declining.
The reached another peak around $4.059 and oil recovered more than 1%.
Wall Street futures rebound after Friday's plunge
The major US stock indices they collapsed on Friday, with the Nasdaq closing down 3,6%, dampening ongoing momentum, as a result of unexpected threats of new heavy tariffs on China starting at the end of the month. But after his comments over the weekend, investors seem to be taking it for granted that the deadline The November 1 tariff deadline will be extended again, pushing S&P 500 futures up 1,3% and Nasdaq futures up 1,8%.
The focus is mainly on the falling rate outlook of the Fed and for the quarterly data season which opens this week. Markets are predicting a 96% probability of a rate cut by the Federal Reserve by the end of the month, and a similar probability for December. Fed Chair Powell will have the opportunity to provide his guidance when he discusses the economic outlook at the annual NABE meeting tomorrow. This week also sees the IMF and World Bank meetings in Washington, where statements are expected from numerous other members of the Fed and other leading figures from other central banks.
On Tuesdays JPMorgan, Wells Fargo, Citigroup and Goldman Sachs will open the US quarterly earnings season, which will be followed on Wednesday by Bank of America and Morgan Stanley.
European stocks opened higher. At the Milan Stock Exchange, Eni and Leonardo were all eyes on the stock market.
European stock markets are expected to open higher, with EuroStoxx 50 index futures up 0,5%.
FrancePresident Emmanuel Macron announced the formation of a new government, as pressure mounts on him and his reconfirmed prime minister, Sébastien Lecornu, to resolve France's growing political crisis and approve a budget. government will meet for the first time tomorrow, day on which the Prime Minister is expected to propose the balance. Futures on French government bonds they are down this morning and theeuro It recorded a slight decline against the dollar to the 1,1600 dollar area.
banksAccording to Forza Italia Senator Maurizio Gasparri, the government is aiming for an agreement on the sector's contribution to the budget, which should mirror the framework used last year, including a deferral of DTAs, further extending the deadlines for banks to use these tax credits to reduce their tax liability.
InterpumpThe company's CEO, Fulvio Montipò, aims to complete a couple of acquisitions, both in Italy and abroad, before the end of the year and believes that 2025 will close with a gross operating margin better than the more than 460 million estimated by analysts. "Maybe we'll do better on margins," he said in an interview with The Economy of the Courier.
EniCiti raised its target price to 14,5 euros. It finalized an engineering agreement with Argentina's YPF for the Vaca Muerta liquefied natural gas project.
Classic Ferrari for sale – Citi cuts its target price to 340 euros.
Diasorin, Recordati. The Italian pharmaceutical industry expects to close 2025 with a production of nearly 70 billion and exports above 65 billion, both increasing by 20%, says Farmindustria president Marcello Cattani to La PrintSo far, the 15% US tariffs have had no impact; they will be passed on primarily to American consumers, he adds. A 100% tariff is unrealistic because it would deprive the US of vital medicines and vaccines, Cattani says.
LeonardoThe joint venture between Leonardo and Rheinmetall has received an order worth approximately 700 million euros from the Italian army for the supply of Lynx wheeled armored combat vehicles, according to Il Fatto Quotidiano on Sunday.
SaipemMorgan Stanley raised its target price to €3,35 from €3,15.
