(ANSA) – MILAN, 02 OCTOBER – European stock markets positive as tensions increase in the Middle East. The risk of an escalation in the area pushes the defense sector, while crude oil prices rise (WTI +2.18% to 71.38 dollars per barrel) while gas settles just above 39 euros per MWh. Paris gains 0.62%, London and Milan 0.5% and Frankfurt 0.2% while Madrid fluctuates around parity (-0.04%). Futures on US stock exchanges are negative while waiting for the unemployment rate in the Eurozone, after the spread of the Italian one, which fell from 6.4 to 6.2% in August. From overseas, in conjunction with the OPEC summit, the Dallas Fed’s PCE index, mortgage requests and weekly crude oil inventories are arriving. The dollar rises above 0.9 euros and 0.75 pounds while the differential between BTPs and German Bunds settles just above 133 points, but the Italian and German yields rise by 4.7 points to 3.41%. by 4.6 points to 2.08%. The defense sector was brilliant, with Leonardo (+3.54%), Thales (+2.7%), Kongsberg (+2.16%), Bae System (+2.12%), Saab (+1.97 %) and Dassault (+1.76%). The oil companies TotalEnergies (+2.78%), Eni (+2.65%), Shell (+2.59%) and BP (+2.33%) are in the spotlight. The luxury race continues in the wake of Chinese economic stimulus, from Adidas (+2.96%) and Richemont (+2.91%) to Cucinelli (+2.27%) and Moncler (+1.53%). The automotive companies Stellantis (+1.22%), Ferrari (+1.11%) and Mercedes (+0.6%) are attempting to rebound, while Renault (-1.48%) and Volvo (-2.21%) are still sliding %). In no particular order, the banks Hbsc (+1.88%), Santander (+1.27%), Commerzbank (-1.81%), Unicredit (+0.47%), Intesa (+0.55%), MPS (+0.5%) and Banco BPM (+0.86%). (HANDLE).
2024-10-03 05:35:24