(ANSA) – MILAN, 02 OCTOBER – European stock markets uncertain in the middle of the session awaiting developments on the situation in the Middle East. Purchases in the defense sector continue, while crude oil prices continue to rise (WTI +3.27% to 72.11 dollars per barrel). Gas, however, fell below 39 euros (-1.04% to 38.87 euros per MWh) after the resumption of activities at 3 plants in Israel. Milan (-0.35%) and Frankfurt (-0.26%) are negative, unlike London (+0.21%) and Paris (+0.1%) which remain above parity. Madrid, on the other hand, widens the decline (-0.45%). Futures on US stock exchanges are negative. The unemployment rate in the Eurozone is stable at 6.4%, unlike the Italian rate which fell from 6.4 to 6.2% in August. The OPEC summit meets today, while the Dallas Fed’s PCE index, mortgage requests and weekly crude oil inventories are arriving from the USA. The dollar stabilizes at 0.9 euros and 0.75 pounds while the differential between BTPs and Bunds reaches 133.4 points with the Italian yield rising by 6.2 points to 3.42% and the German one by 5 .8 points at 2.09%. Purchases are concentrated on the aerospace sector, with Leonardo (+4.17%) at the forefront ahead of Kongsberg (+3.76%), Saab (+3.4%), Rheinmetall (+2.94%), Thales (+2.74%), Bae System (+2.47%) and Dassault (+2.19%). The oil companies TotalEnergies (+2.88%), Eni (+2.76%), Shell (+2.49%) and BP (+2.47%) are in the spotlight. Luxury is losing momentum from Adidas (+1.85%) to Cucinelli (+1%) and Moncler (+0.47%) together with automotive brands Stellantis (+0.8%) and Ferrari (+0.48%) while Renault (-2.8%) and Volvo (-2.9%) slipped. In no particular order the banks with Hbsc (+1.4%), Santander (++0.59%), Commerzbank and Unicredit (-2.4% both), Mps (-1.9%), Intesa (-1 .19%) and Bper (+0.2%). (HANDLE).
2024-10-02 11:25:27