Stock market: Europe on the rise awaiting Wall Street, Milan +1%

European stock markets continue to rise sharply while tension on government bonds eases.

Investors are looking for clues about the central banks' next decisions following the inflation data. The president of the Fed, Kevin Warsh, at the IMF meetings in Bangkok, decided not to give indications in view of the meeting on 27-28 October.

The Stoxx 600 index gains 0.6% ahead of the start of Wall Street where futures are positive. Frankfurt (+1.1%), Milan and Madrid (+1%), Paris (+0.4%) and London (+0.1%) increased.

The main price lists are supported by cars (+1.2%) and luxury (+0.7%). Technologicals also performed well (+1%), after the previous drop. Purchases on utilities (+0.5%), with the price of gas increasing. In Amsterdam, prices recorded an increase of 1.5% to 87.72 euros per megawatt hour. Energy has moved little (+0.05%), while oil is weak. The WTI falls by 0.5% to 97.45 dollars a barrel and Brent to 105.77 dollars (-0.09%).

Government bond yields rose slightly. The spread between BTPs and Bunds stands at 107 points, with the yield on the Italian 10-year bond at 4.50% and the German one at 3.43%.

Cucinelli takes off in Piazza Affari (+6%), after the nine-month results showed growth and the estimates were revised upwards. Leonardo (+4.2%), Stellantis (+3.3%), Fincatieri and Avio (+3.2%) stand out.

Among the banks, MPS rises (+1.6%), grappling with Intesa's takeover bid (+1.4%) and in view of the meeting of 29 October. Unicredit did well (+0.7%), after the ECB gave the go-ahead for the control of Commerz. At the bottom of the list are Technoprobe (+1.9%), Terna (-0.5%), STM (-0.3%).