
AI-generated summary
Stock markets react to corporate results and diplomatic prospects on the US-Iran conflict.
European stock markets rose albeit modestly following futures on Wall Street, which also benefited from the good results of Coca Cola and UPS.
The drop in oil prices on the idea of a diplomatic solution to the conflict between the USA and Iran also contributes to the change of direction: Brent loses 0.8% to 114 dollars, WTI 0.7% to 100 dollars. Paris gains 0.42%, Frankfurt 0.28% and Milan 0.25%. London remains negative (-0.75%) where HSBC (-6.8%) weighs heavily, having already weighed down the Hong Kong stock exchange due to its disappointing results and is still penalizing the banks.

The Revenue Agency introduced tax code 7082 to allow road haulage companies to use the extraordinary tax credit for expensive diesel, covering up to 70% of the increased expenditure incurred between March and August 2026.

The board of directors of Banco Bpm unanimously decided not to participate in the MPS meeting on 29 October, citing legal constraints and conflicts of interest deriving from its 3.7% shareholding in the Sienese institution.

The next Fed and ECB meetings should confirm a pause in monetary policy. Despite the less solid labor market and pressure on rates, central banks maintain a cautious and restrictive approach to combat inflation.

Speaking at the Confitarma Assembly, the President of the Republic Sergio Mattarella exalted the role of the merchant fleet and navy as vectors of peace, economic pillars and key players in rescue at sea.

Mercedes cut its full-year auto adjusted operating margin guidance to 2-3%. The decision affects the stock on the stock exchange and affects the entire European sector.

Tata Motors has collected subscriptions equal to 87.81% of Iveco's ordinary capital through its takeover bid, for a value of approximately 3.43 billion euros. The final results will be communicated by October 29th.