
AI-generated summary
Financial markets react to macroeconomic data on US inflation.
European stock markets slow down after inflation data in the United States. Government bonds are rising, with the US 10-year yield rising by 10 basis points. The dollar strengthens against the main currencies, with the euro falling to 1.1135 against the greenback.
In the Old Continent, Milan is at the bottom (-0.3%). Positive London (+0.3%), Paris (+0.8%), Frankfurt (+0.7%) and Madrid (+0.6%). Government bonds are back in tension. The spread between BTPs and Bunds rises to 108 points, with the Italian 10-year rate at 4.58% and the German one at 3.5%. France increased by five basis points to 4.88%, Spain to 4.12% and Greece to 4.41%.

The US Treasury Department fined Bank of America $1.21 billion due to serious deficiencies in anti-money laundering programs and violations of international sanctions, including illicit flows linked to Chinese networks and terrorism.

Inflation in the United States rises to 3.7% in September, exceeding analysts' forecasts. The data caused a slowdown in European stock markets, an increase in government bond yields and a strengthening of the dollar.

INPS President Gabriele Fava has proposed in Brussels the creation of a permanent welfare observatory and a global forum in Rome in 2027 to address the demographic, digital and work challenges that threaten European social security systems.

Inflation in the United States rose to 3.7% in September, exceeding analysts' expectations of 3.6%. On a monthly basis, prices recorded an increase of 0.6%.

Inflation in the United States in September reached +0.6% monthly and +3.7% on an annual basis, exceeding the forecasts of Dow Jones economists who estimated +3.6%.

In the third quarter, BlackRock raised $205 billion in new capital and reported a 19% increase in revenue. Total assets under management hit a record $15.5 trillion.