
AI-generated summary
Financial markets react to the start of the banking reporting season in the United States.
Piazza Affari eliminated its gains (-0.05%) like the other European stock exchanges while the Wall Street indices fluctuate around parity after the first quarterly reports of the large American banks. Semiconductor stocks Technoprobe (-3.45) and STM (-3.17%) remain under pressure and Tim (+4.2%) continues to shine.
Oil is down slightly, with Brent below $106 a barrel, and government bond yields are generally down. The BTP-Bund spread is at 107.6 basis points.

JPMorgan Chase reported third-quarter earnings below Wall Street estimates, due to a slowdown in markets and investment activity. Earnings per share stood at $5.57 versus the expected $5.93.

Citigroup reports a profit of 5.25 billion dollars in the third quarter, marking a +40% and exceeding analysts' expectations. Revenues grew by 8% to 23.85 billion, benefiting from the comparison with the costs linked to the sale of Banamex.

Research by the Polytechnic of Milan highlights Italy's dependence on foreign digital platforms. Only 26.3% of the platforms active in the country are of domestic origin, a figure significantly lower than in the USA, China and other European partners.

The general director of Confindustria, Maurizio Tarquini, proposes a 'Pnrr 2.0' to mobilize 1,900 billion in private savings towards public investments, in order to support economic growth after the conclusion of the current Pnrr.

Between 2000 and 2025 the consumer price index in Italy grew by 63%, with strong variations between sectors: increases of more than 100% for housing, utilities, alcohol, tobacco and financial services, and drops for technology.

Between 2000 and 2025 the consumer price index in Italy grew by 63%, with strong variations between different sectors, according to an Istat report.