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Stock markets this afternoon: the winds of war are not swaying the markets for now. Oil rises but below the highs, Leonardo shines

European stock markets are reacting to the war between Israel and Hamas even though volatility is strong. Spread up to 206 points. Waiting for the opening of Wall Street

Stock markets this afternoon: the winds of war are not swaying the markets for now. Oil rises but below the highs, Leonardo shines

The price of oil rises but does not rise while awaiting Israel's next moves, hit to the heart byoffensive by Hamas terrorists. For now the markets seem to discount any forceful action, including an embargo, against Iran, Hamas' sponsor with theobjective of limiting the effects on the crude oil market. The prices of black gold thus rise by just 3%, falling from the initial +5% well below the highs of the month. To have a more precise indication of the trends it will be necessary to wait for the opening of the US markets and the development of hostilities. While waiting, theincrease in gold which gained 1% to 1.851 dollars an ounce, supported by purchases of safe haven assets.

Stock markets this afternoon: uncertain start, then price lists recover

And so, after a red start, the price lists are recovering positions: Piazza Affari is almost flat as is the Cac40 in Paris, worse in Frankfurt -0,40%, but due to the government's electoral reverse. Scholz. Furthermore, German industrial production fell in August for the fourth consecutive month, a sign that the sector remains under severe pressure.

The London Stock Exchange rises by half a point thanks to the boost from Oil stocks.

In Piazza Affari Leonardo shines ahead of the oil companies

Supporting the trend of the Italian market is the rally of Leonardo + approximately 6%, ahead of the oil companies (+2% abundant for Eni, given to Tenaris and Saipem) and utilities like Terna. On the downside, theyet another slide for Telecom -2,2%, held back by the new difficulties regarding the sale of the Network. Luxury is weak, banks are retreating, starting with MPS -2,5%. Stands out Juventus's thud -8% to just over 0,26 euros after the announcement of the new increase to avoid the share capital falling below one third. 

 It is closed today for Columbus Day the US bond market. Real yields (254 points on the ten-year), however, continue to keep the pressure on shares high, especially on Nasdaq securities. The Nasdaq futures is down 0,7%. 

Il XNUMX-year BTP deals at 4,90%. Bund at 2,84%. Spread at 206 basis points, up from 202 on Friday. The president of the ECB, Christine Lagarde, said she is confident that Frankfurt will achieve its objective of bringing inflation back to 2%.

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