
Positive start for Frankfurt, Paris and London while the run-up in government bonds and oil slows down
European stock markets open higher thanks to the easing of the rise in government bonds and energy prices, while attention remains focused on US-China relations and geopolitical tensions in the Middle East.
AI-generated summary
Financial markets react to the trend of government bonds and energy prices.
European stock markets open higher as the run-up in government bonds eases. Markets catch their breath as the rally in oil and gas prices fades, while fears of a new flare-up in inflation remain. On the international front, attention is focused on relations between the US and China with the meeting between Trump and Xi. Spotlight on geopolitical tensions, with diplomacy working on the conflict in the Middle East.
Positive start for Frankfurt (+0.69%), Paris (+0.65%) and London (+0.5%).

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.

Banca Ifis has obtained authorization from Bankitalia for the merger by incorporation of illimity Bank, which will be completed within the year. At the same time, the Board of Directors took note of the resignation of CEO Frederik Geertman, appointing Raffaele Zingone as the new CEO.