A calm Friday is expected, before facing a stormy week ahead. The focus is primarily on the push and pull of Washington with Beijing and Trump's latest statements yesterday that actually next week will meet Xi Jinping they helped to create relaxation allowing for stabilization of gold and oil after a volatile week and a new supply of technology stocks. In order not to create any more tension, however, Trump said instead that he wanted to break off negotiations with Canada. Today, exceptionally, data on the'inflation which, due to the shutdown, had been in the drawer since October 15th. This will help the Fed in outlining its monetary policy when it meets next week. asian bags gain ground after Intel results and a positive close Wall StreetEuropean stock futures are showing a possible upside start.
Wall Street rises. Trump wants to invest in quantum computing companies.
A Wall Street Yesterday all three major US stock indexes closed higher, with the Dow closing at +0,31% and the S&P 500 at +0,58% and the Nasdaq leading the way driven by the technology sector which closed at +0,89%. However, it was the Russell 2000, which includes small-cap companies, was the real winner with a +1,27%.
Stocks gained some momentum after the White House confirmed that President Trump will meet with Chinese President Xi Jinping next week as part of his Asia trip. Instead, the US president took to social media to attack Canada again, declaring that trade negotiations are “OVER,” in capital letters.
Among the actions to be reported are those of Tesla which have recovered ground, gaining 2,3% after the previous sharp decline in relation to the unsatisfactory budget data, of IBM which instead fell 0,9% after reporting a slowdown in its key cloud software segment, eclipsing its profits. Intel shares rose in afterhours trading following optimistic revenue forecasts.
So far, just over a quarter of companies in the S&P 500 index have released earnings. third quarter results. Of these, 86% exceeded consensus expectations, according to LSEG data. Overall, analysts now expect S&P 500 earnings to grow 9,9% year-over-year in the third quarter, up from the 8,8% growth estimate on October 1, according to LSEG.
Le quantum computing companies surged after the Wall Street Journal reported that the administration Trump is in negotiations with several of them to acquire share shares in change in federal funding. IonQ, D-Wave Quantum, Quantum Computing and Rigetti Computing saw shares jump between 7,1% and 13,8%.
Yesterday's sharp rise in oil prices in the wake of Trump's new sanctions on Russia also pushed up the energy sector with a rise of 1,1%. Also on the rise is the aerospace sector and the defense which closed with a +2,2%.
Today, exceptionally, a book will be published in the USA inflation data which, due to the shutdown, had been on hold since October 15. The forecast is for the core consumer price index to remain stable at 3,1%, a figure that is unlikely to change the Fed's path, which is expected to cut rates by 25 basis points next week.
The quarterly calendar is light today, but next week will bring a deluge, with five of the Magnificent Seven publishing results, including Apple and Microsoft.
Asia flies driven by technology
In Asia it was the technology stocks to lead a broad-based rally in the markets after Beijing at the end of the plenum of Chinese Communist Party He promised greater efforts to achieve technological and security self-sufficiency, while the more concrete possibility of a meeting between Donald Trump and Xi Jinping has eased sentiment regarding the trade war.
The MSCI Asian stock index rose about 0,5%, resuming a strong rally this year that pushed the index to all-time highs. The Shanghai Composite Index rose 0,4%, after hitting its highest level since August 2015. The blue-chip CSI300 index rose 0,7%, posting its best week in two months. In Hong Kong, the benchmark Hang Seng Index gained 0,6%.
even the Japanese Nikkei rose more than 1%, led by technology stocks, and is on track for its eighth consecutive week of gains out of nine. Among the stocks, the most notable SoftBank Group +5%. The semiconductor sector is rising: Advanced + 3% Tokyo electron Jikura, a fiber optics manufacturer, gained 2%. The newly elected Japanese prime minister Sanae Takaichi He is expected to speak later today detailing his large stimulus package just days before his first meeting with Trump. Today's data showed that the core consumer prices in Japan remained above the central bank's 2% target, keeping alive expectations of a rise in short-term interest rates ahead of the Bank of Japan's monetary policy meeting next week.
Technology stocks were among the main movers, with South Korean chipmaker SK Hynix gaining as much as 6,9%.
On the currency market, the Bloomberg index on dollar has remained almost unchanged, as has theeuro at $1,1607, while the Japanese yen fell 0,2% to 152,89 per dollar. Among cryptocurrencies, the Bitcoin rose 1,3% to 111.031,79 and theEther rose 2,3% to $3.920,58. The crude West Texas Intermediate fell 0,4% to $61,53 a barrel.gold spot fell 0,4% to $4.108,64 an ounce.
European stocks opened slightly higher. At the Milan Stock Exchange, Eni and Ferragamo were all eyes on the stock market.
European stock markets are expected to open slightly higher, with Eurostoxx 50 futures up 0,25%.
RatingThe Morningstar rating agency DBRS, following the improvement in Italy's creditworthiness on October 17, raised the long-term ratings of Banco BPM, Intesa Sanpaolo, BPER Banca, and Banca Popolare di Sondrio to A (low) from BBB (high) with a stable trend.
Ferragamo closed the third quarter of 2025 with slightly higher revenues than expected, thanks to solid demand in the United States, which more than offset weakness in Asia. Board member Ernesto Greco confirmed that the search for a new CEO is ongoing.
Mayor The company aims to close some acquisitions in Europe by the end of the year, with an expected positive impact on revenue and profitability in 2026, as CEO Alessandro Bernini said in a call with analysts on the results for the first nine months of the year, which ended with net profit up 41,8%.
Eni Eni closed the first nine months of 2025 with a net profit of €2,518 billion, up 5%. In the third quarter, profit rose 54% to €803 million. Adjusted net profit amounted to €3,793 billion (-13%). In the third quarter of 2025, the group's pro forma adjusted EBIT was solid at €3 billion, despite the 14% decline in oil prices and the euro's appreciation against the dollar (+6%), the effects of which were mitigated by volume growth and efficiency measures. Eni also increased its 2025 share buyback program by €0,3 billion to €1,8 billion based on significant strategic progress and a higher estimate of cash generation. Equita has a buy rating and a target price of €16,50 on the stock.
