
AI-generated summary
European stock markets are affected by the negative performance of the semiconductor sector and the uncertainty on the US markets.
The session on the stock exchanges in Europe continues to decline after the mixed start on Wall Street, dragged down by a new wave of sales in the semiconductor sector. London loses 0.56%, Paris 0.79%, Frankfurt 0.64%, Milan limits the decline to 0.6% and Madrid is on the rise.
Meanwhile, government bonds remain in tension: in France the spread with the 10-year Bund is at a record level of 153.7 points, that between BTPs and Bunds at 114.3 points. Crude oil slows down (WTI +0.9% to 104.5 dollars and Brent -0.19% to 109.4 dollars) while natural gas slows down, falling by 01.58% to 86.67 euros per megawatt hour.

Rising bond yields could dampen economic activity, reducing the need for further rate hikes. Inflation uncertainty and fiscal pressures remain critical for global investors.

Ryanair CEO Michael O'Leary announces a possible increase in airfare prices of up to 20% in Europe next year due to the impact of war in the Middle East on fuel costs.

New disruptions hit the Revolut digital bank, making payments and withdrawals impossible. The Adusbef association denounces the incident and requests automatic compensation for the Italian customers involved, threatening legal action.

TrovaTU - Trova Testi Unici, the new search engine of the Ministry of Economy and Finance is online to consult the tax provisions in the new Consolidated Laws and verify changes and repeals in the context of the tax reform.

European stock markets are recording widespread declines, weighed down by increases in oil and gas prices which are fueling fears of inflation. Piazza Affari lost 1%, penalized by technological, financial and industrial stocks.

In the UK the unemployment rate surprisingly fell to 4.7% in the June-August period, recording the lowest level since May-July 2025 according to ONS data.