
AI-generated summary
Lo spread misura la differenza di rendimento tra i titoli di stato italiani (Btp) e quelli tedeschi (Bund), indicando il premio al rischio richiesto dagli investitori.
Spread in rialzo nel primo pomeriggio. Il differenziale tra Btp e Bund si allarga a 116 punti base.
Il rendimento del decennale italiano sale di due punti base al 4,5%. L'Oaf francese pur crescendo di quattro punti base resta sotto il 5% mentre la fiducia dei consumatori in Francia è scesa ai minimi da 13 anni. Il dieci anni tedesco è in calo al 3,34%.

The Parliamentary Budget Office compares the redistributive impact of the excise duty cut and the exemption from car tax. While excise taxes benefit high incomes, the exemption from car tax has a progressive effect, helping low-income families more.

European stock markets are trending upwards driven by Wall Street futures and the drop in oil prices. Milan, Paris and Frankfurt gain ground, while London remains negative due to the collapse of HSBC after disappointing results.

The Revenue Agency introduced tax code 7082 to allow road haulage companies to use the extraordinary tax credit for expensive diesel, covering up to 70% of the increased expenditure incurred between March and August 2026.

The board of directors of Banco Bpm unanimously decided not to participate in the MPS meeting on 29 October, citing legal constraints and conflicts of interest deriving from its 3.7% shareholding in the Sienese institution.

The next Fed and ECB meetings should confirm a pause in monetary policy. Despite the less solid labor market and pressure on rates, central banks maintain a cautious and restrictive approach to combat inflation.

Speaking at the Confitarma Assembly, the President of the Republic Sergio Mattarella exalted the role of the merchant fleet and navy as vectors of peace, economic pillars and key players in rescue at sea.