Stock market: Europe Europe rises, AI returns to the protagonist, Milan +0.5%

The main European stock markets are on the rise after a rather sluggish start.

With positive US futures and the return of flame on technology stocks after the accounts of Space

London is more cautious (+0.12%) following the unexpected rise in UK inflation in September.

Weekly crude oil supplies arriving from the US according to the Energy Information Administration.

Navigation difficulties on the Strait of Hormuz are pushing crude oil (WTI +1.4% to 99.19 dollars per barrel) and natural gas (+3.73% to 88.24 euros per MWh) higher.

Gold remained stable at 4,121.3 dollars per ounce, while the dollar strengthened to 1.12 against the euro and weakened to 1.34 against the pound.

The spread between German BTPs and Bunds increased to 115.9 points, with the Italian annual yield increasing by 5.5 points to 4.57%, the German one by 1.4 points to 3.41% and the French one by 5.9 points to 4.98%.

Purchases are concentrated on semiconductor producers Be (+2.3%), Aixtron (+2.25%), Infineon (+2.3%) and STM (+1.6%).

Essilux sprints (+13.82%) in the aftermath of the quarterly report, while Carrefour collapses (-14.26%), which cut its full-year estimates due to the unrest in France.

On the other hand, its rival Casino Guichard (+0.05%) resists, struggling with the same problems.

In the automotive sector, Michelin loses (-5.96%) after the disappointing quarterly report.

A minus also for Renault (-1.2%), while Stellantis is cautious (-0.5%).

The oil companies BP (+2.13%) and Repsol (+1.65%) are brilliant, Eni (+1.3%), TotalEnergies and Shell (+1% both) are more cautious, in no particular order the banking companies Commerzbank (+1.4%), Unicredit (+0.3%), Intesa (+0.2%), Credit Agricole (-0.1%), SocGen (-0.05%) and Banco Bpm (-0.42%).