
AI-generated summary
Government bond yields are showing high volatility, with 10-year Treasuries hitting their highest levels since 2002.
European stock markets are falling despite the overall positive opening on Wall Street where the technology companies of the Nasdaq are gaining in the wake of the optimistic forecasts released by Micron Technology. Volatility on government bonds continues: the yield on 10-year Treasuries briefly reached the highest level since 2002 and then retreated.
A movement similar to that recorded by Eurozone state bonds, where operators are worried among other things by French debt, and by English Gilts now (at 5.45%). The BTP Bund spread widens to 112 basis points, in step with the BTP yield at 4.7%.
Financial stocks led by Poste (-2.92%) and Banco Bpm (-2.7%) weigh on the Milan Stock Exchange (-1.48%). Fincantieri, on the other hand, is in the spotlight (+2.99%), while STM is also on the rise together with the microchip sector (+0.56%). Paris down (-0.96%) as well as London (-1.17%), Frankfurt limits its losses (-0.26%).

The president of Confindustria, Emanuele Orsini, speaking at the Genoa Boat Show, urges the government to be more bold in Europe to protect Italian companies, citing the need for interventions on energy, taxation and bureaucracy.

In August, financial advisory networks recorded net collections of 4.7 billion euros, marking +28.7% on an annual basis. Managed savings absorbed 60% of the resources, while the balance sheet for the first eight months rose to 45.7 billion.

In August, employment in Italy remained at its highest (24.35 million) but recorded a slight cyclical decline (-5 thousand). The unemployed are increasing (+48 thousand) and the inactive are decreasing. Permanent work is consolidated, despite the mismatch between supply and demand.

European stock markets close lower due to the US ISM manufacturing data and geopolitical fears over oil. Piazza Affari lost 1.7% with Unicredit in sharp decline, while the yields on Italian and French government bonds reached new highs.

WorldHotels aims to reach 20 properties between Italy and South-Eastern Europe by the end of 2026. The strategy focuses on high-end independent hotels, also expanding in the open-air segment with the Backdrop brand and strengthening its presence in Southern Italy.

The Cassa Depositi e Prestiti roadshow in the Gulf has concluded. In Riyadh, the delegation led by Dario Scannapieco signed two Memoranda of Understanding with the National Development Fund and the Federation of Saudi Chambers to promote investments and partnerships.