European stock markets rise, markets encouraged by US employment data

The main European stock exchanges are slowing down with positive US indices (Dow Jones +0.6%, Nasdaq +1.2%) after the lower-than-estimated data on the creation of new jobs in September. Milan returns above parity (+0.3%), while London (+0.5%), Madrid (+0.6%), Paris (+0.82%) and above all Frankfurt (+1.25%) do better.

The tension on government bond yields eases, with the spread between German BTPs and Bunds falling to 123.5 points and the Italian yield falling by 3.2 points to 4.66%, the German one by 8.7 points to 3.42% and the French one by 0.1 points to 4.91%, with a spread at 146.5 points, just below the threshold of 150 exceeded at the end of the morning. Brent drops below 100 dollars (-2.51% to 99.72 dollars per barrel), while gas appears stable (+0.05% to 73.97 euros per MWh). Slight increase for gold (+0.16% to 4,182.64 dollars per ounce), the euro stable at 1.12 dollars, while the pound rose to 1.32 dollars.

Semiconductor producers Be (+6.7%), Technoprobe (+6.1%), Soitec (+5.3%) and STM (+5%) were positive. Profit-taking on oil companies Repsol (-1.3%), TotalEnergies (-0.55%) and BP (-0.3%), while Shell (+0.3%) and Eni (+1.25%) rose. The banks Commerzbank (-2.7%), Bper (-2.18%), Banco Bpm (-1.89%), Unicredit (-1.46%), Intesa (-1.43%) and Credit Agricole (-1.36%) are heavy. MPS (-0.81%) and Mediobanca (-0.18%) are more cautious.