
AI-generated summary
The Tokyo Stock Exchange opens trading lower after the closure of Wall Street for the US national holiday, in a context of fears over the escalation of the conflict in the Middle East, rise in oil prices and rise in bond yields.
The Tokyo Stock Exchange starts trading with a minus sign, orphaned by the indications from Wall Street, closed yesterday for the national holiday, weighed down by fears of an escalation of the conflict in the Middle East while oil prices return to the highest in six weeks, above 97 dollars a barrel, and the yields on the bond markets show worrying new increases. At the opening, the Nikkei reference index recorded a decline of 0.87% to 65,821.88, and a loss of 577 points. On the currency market, the yen strengthens against the dollar, to 153.80, and to 178.80 against the euro.
AI outlook — possibilities, not facts
The Nikkei could continue to face downward pressure if concerns over escalating conflict in the Middle East persist
Possible · Within days
The yen could maintain its strengthening trend if the risk-averse climate in the markets persists
Possible · Within days

Poste Italiane increases the cash consideration for the takeover bid on Tim by 30 cents, bringing it to 1.97 euros per share and waives the threshold condition of 66.7%, committing to purchase all the shares contributed regardless of the level of acceptance. The entry period closes on Friday 11 September at 5.30pm.

The meeting of Electrolux workers in Cerreto d'Esi faces the confirmed closure of the plant with 170 redundancies. The unions proclaim a state of agitation and an 8-hour strike, asking for the intervention of the ministry.

Confindustria's systemic business mission with Ice in Argentina and Brazil recorded 2,631 meetings between Italian companies and potential Mercosur partners, the highest number in recent years. In Buenos Aires today 1,371 meetings are scheduled between 59 Italian and 317 Argentine companies; in Sao Paulo on Wednesday 1,260 meetings between 65 Italians and 187 Brazilians. The event takes place in the monumental Palacio Libertad, former Centro Cultural Kirchner, with the presence of the leaders of Confindustria and Ice. Entrepreneurs report concrete interest and commercial opportunities, underlining the quality of Made in Italy.

UK house prices fell 0.4% year-on-year in August, marking the first decline since November 2023, due to economic uncertainty and the cost of mortgages, according to the Lloyds Index. The average property value is estimated at £298,468.

S&P expects reinsurance prices to decline further in 2027 due to ample capacity available from traditional reinsurers and alternative capital providers, with likely declines in underwriting performance and profitability in 2026-2027, despite the industry's resilience in the face of geopolitical risks, social inflation and natural catastrophes; AI adoption focuses on support functions, automation and risk management.

European stock markets showed contrasting trends at mid-session, with London up 0.2%, Paris unchanged, Milan and Frankfurt down 0.2% and 0.3% respectively. Investors are monitoring the success of the AfD in the German regional elections and the growing tensions between Iran and the United States, which have caused the price of oil to rise (WTI to 92.3 dollars, Brent to 97.5 dollars), increasing concerns about inflation and the future moves of the ECB, which will raise rates to 2.5% on Thursday. On Piazza Affari, Tim and Poste Italiane lost ground in the last week of the takeover bid for the telephone group, while Lottomatica jumped by 8.8% thanks to the prospects of the merger with Cirsa.