
Asian stock markets close on a positive note thanks to the easing of the rush in oil, gas and government bonds.
AI-generated summary
Financial markets react to fluctuations in energy prices and geopolitical developments.
The Asian stock markets, with the price lists closed for the mid-autumn holiday, closed the session on the rise. The markets are taking a breather as the rise in oil, gas and government bonds eases. The effects of the meeting between Trump and Xi and the climate of détente on some of the main dossiers are under the spotlight. Attention remains high on the geopolitical front with the conflict in the Middle East and that between Russia and Ukraine.
Tokyo rises (+1.3%). On the currency market, the yen trades at 158.10 against the dollar, and against the euro, just below 180. Trading is still ongoing in Seoul (+0.9%) and Mumbai (+0.19%). Hong Kong down (-1.2%).
On the macroeconomic front, German consumer confidence is on the way. Durable goods orders and consumer confidence from the University of Michigan from the United States. Moody's expected on Italy.
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Publication of data on consumer confidence in Germany and the United States
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Prometeia raises its 2026 GDP estimates to 0.9% thanks to the stability of economic activity and the boost in family consumption, in particular for services.

Ministers Urso and Pichetto have convened the refining companies for October 8th to increase national production and deal with the energy crisis. Meanwhile, the discount on diesel excise duties is halved.

Fuel prices are stable on the ordinary road network, but increases are expected on diesel from tomorrow due to the halving of the discount on excise duties, which drops from 12.2 to 6.1 cents per litre.

The Grimaldi group employs 30 ships in regular services between Asia and other continents and plans new investments in environmentally advanced ConRo and multipurpose ships.

The Milan Stock Exchange closed up by 1.2%, driven by STM, Prysmian and the banking sector. The spread is stable at 92 points, with the ten-year yield at 4.51%.

A Censis-Confcooperative Focus reveals an underground economy in Italy worth 197.6 billion euros, equal to 9.2% of GDP. 2.7 million irregular workers involved and over 100 billion in tax and social security contributions evasion.