
European stock markets closed on a positive note driven by US stock markets, after lower-than-expected US employment data fueled hopes of a more accommodating monetary policy by the Federal Reserve.
AI-generated summary
Lower-than-estimated US employment data influences expectations on the Federal Reserve's monetary policy.
European stock markets were positive at the end together with US stock markets, favored by the lower-than-estimated data on new American jobs. An apparently negative circumstance, which however will lead the Fed to be more accommodating on rates. London rose by 0.3%, Madrid by 0.35%, Milan by 0.4%, Paris by 0.75% and Frankfurt by 1.15%. Tension on government bond yields decreases with the spread between German BTPs and Bunds falling to 114.8 points and the Italian yield losing 9 points to 4.6%. The German one fell by 5.8 points to 3.45% and the French one by 6.8 points to 4.84%, with a spread of 140.5 points.
Brent stands at 100 dollars (-1.4% to 100.9 dollars per barrel), while gas accelerates (+1.5% to 75.04 euros per MWh).
Slight increase for gold (+0.16% to 4,182.64 dollars per ounce), the dollar falling to almost 1.13 against the euro and above 1.32 against the pound.
The semiconductor sector is in the spotlight with Infineon (+8.2%), STM (+6.25%) and Technoprobe (+5.93%). Oil companies Repsol (-2.6%), TotalEnergies (-0.3%), BP (+0.2%), Shell (+0.65%) and Eni (+0.85%) contrasted. Banks Bper (-1.58%), Unicredit (-1.33%), Intesa (-1%) and Credit Agricole (-0.95%) and Commerzbank (-0.7%) were weak.

Europe and its G7 partners, coordinated by the IEA, will release 100 million barrels of strategic diesel reserves over four months to lower global prices, in response to pressure from Donald Trump and geopolitical tensions in the Middle East.

The seventh edition of the Made in Italy Summit will be held from 6 to 8 October 2026. The event, promoted by Il Sole 24 Ore, Financial Times and Sky TG24, will analyze the growth prospects of the Italian production system in a context of global instability.

Piazza Affari closes on the rise with the Ftse Mib at +0.7% and the Btp-Bund spread decreasing to 115.9 points. The market is betting on a pause by the Fed in rate hikes after the US employment data, pushing technology stocks such as Technoprobe and Stm higher.

In September, the gas bill for vulnerable customers in Italy recorded an increase of 12.7% compared to August. Arera set the cost of the raw material at 78.80 euros/MWh, reflecting the price trend on the PSV wholesale market.

European stock markets advance led by US markets after lower-than-expected employment data. Milan closes on a positive note, Frankfurt leads the increases. Tension on government bonds eases, the price of Brent oil falls.

In Italy, the percentage of young NEETs fell to 13.3% in 2025 compared to 25.7% in 2015. The study by Intesa Sanpaolo and Fondazione Cariplo identifies 1.2 million NEETs and proposes job inclusion strategies to promote economic growth.