
The Tokyo Stock Exchange opens with a slight increase with the Nikkei rising by 0.28% to 67,964.66 points, while the yen gains ground against the dollar at 158.30 and remains stable against the euro at 177.30, awaiting the data on American inflation and the start of the quarterly reporting season.
AI-generated summary
The Tokyo Stock Exchange corrected in the previous session, preceding today's slightly higher opening.
The Tokyo Stock Exchange begins trading with a slight increase after yesterday's correction, while caution prevails among investors awaiting the data on American inflation and the start of the new season of corporate quarterly reports.
At the opening, the Nikkei reference list recorded an increase of 0.28% to 67,964.66, with a gain of 187 points. On the exchange rate front, the yen gains ground against the dollar, to a level of 158.30, and is stable against the euro, at 177.30.
AI outlook — possibilities, not facts
The Nikkei could see further gains if US inflation data is lower than expected.
Possible · Within days

The government is evaluating various measures for the next budget, including a possible cut in Irpef for incomes between 50 thousand and 60 thousand euros, the extension of the flat tax to 15% for the self-employed up to 100 thousand euros, interventions for the elderly and frail, contract renewals for young people and low incomes, strengthening of hyper-depreciation for businesses, and possible changes to pensions, car tax, RAI license fees and building bonuses, subject to EU authorization of the deviation of 29 billion.

The Council of Ministers has approved a law decree for Ilva which provides for the maintenance of heating of the plants in the Taranto hot area until the ruling of the Supreme Court, the disbursement of the last tranche of the 40.5 million loan to Acciaierie d'Italia in AS, the reindustrialisation of approximately 100 hectares of former Ilva and state-owned areas, the establishment of the 'Brindisi-Taranto' industrial district for net zero emissions technologies, procedures simplified for new production facilities, total exemption from contributions for permanent hiring from November 2026 to December 2027 of workers from Acciaierie d'Italia and Ilva in AS, and an annual loan of one million euros for the Taranto Tecnopolo.

INPS will automatically pay the Christmas bonus of 154.94 euros in December to pensioners with an annual salary of up to 7,954.05 euros and a personal income within 11,931.08 euros, with a reduced amount for those who exceed the minimum threshold but not the maximum limit of 8,108.99 euros; excluding holders of social allowance and civil disability, while those who believe they are entitled to it can submit a request for reconstitution.

In the third quarter, major U.S. investment banks reported rising profits, albeit with concerns about rising rates, persistent inflation and high energy. While JPMorgan and Wells Fargo missed revenue and earnings expectations, Citigroup and Goldman Sachs surprised investors positively with trading.

ISS recommends the shareholders of Monte dei Paschi di Siena to reject the purchase offers on Banca Generali and Banco Bpm, the reduction of the share capital and the distribution of an extraordinary dividend of 4 billion euros, while it suggests approving the other resolutions, including the merger with Mediobanca, in view of the meeting of 29 October.

The International Monetary Fund improves its growth forecast for Italy in 2026 from 0.5% to 0.8% and for 2027 to 0.6%, citing resilience driven by investments in AI and energy reorientation, but warns that high public deficits, persistent inflation and geopolitical tensions put global economic stability at risk.