Le European stock exchanges accelerate in the last session of the week, also supported by wall street, but the market climate remains cautious. Keeping attention high are above all the Petroleum, which, although declining, continues to travel at high levels. The main factors weighing on the situation are the persistent tensions in the Middle East and fears that the conflict could drag on for a long time. In the background, pressure on the bond markets also remains, with Government bond yields at multi-year highsThe 10-year German Bund rises above 3,5%, while the 10-year US Treasury rises above 4,9%.
European stocks accelerate after US inflation data
A Milan the Ftse Mib rises by 1,20%, while Paris earn 0,82%, Frankfurt 0,74%. The rest of the Old Continent's stock markets also performed positively. Wall Street The index rose following the release of US consumer price data, which reinforced expectations of a 25 basis point Fed rate hike next week, following the ECB's rate hike. The CPI rose 3,4% year-over-year, in line with estimates and the July figure, while it increased 0,4% month-over-month.
The core inflation, excluding energy and food, rose 0,3% month-over-month and 2,4% year-over-year, in line with the consensus for the full-year figure. However, a less encouraging sign on the confidence front also comes from the United States: the consumer confidence index preliminary fell to 47,8 points in September, from 51,7 in August, versus the 51,4 expected.
On the equity front, Oracle infrastructures fell 1,40% despite 30% revenue growth in the fiscal first quarter, supported by demand for cloud services and data center expansion. GameStop (+4,49%), after CEO Ryan Cohen announced the purchase of one million shares at an average price of $20,375. Weak, however, Adobe (-1,98%), after forecasts considered in line with expectations.
Piazza Affari, Avio soars. Focus on the banking risk game.
A Business Square snaps Avio, which gained 7,71% and rose to the top of the main index after returning to profit in the first half of the year, with a positive result of €9,2 million. The company also confirmed its guidance for 2026, with an expected order backlog of between €2 billion and €2,1 billion.
Also highlighted banks. Intesa Sanpaolo rose 1,74% the day after the shareholders' meeting that approved the capital increase to service the takeover bid for Banca Monte dei Paschi di Siena, which rose 0,66%. Also positive Unicredit, which gains approximately 0,9%, after the board of directors unanimously approved the exercise of the delegation for the capital increase without pre-emptive rights linked to the takeover bid on CommerzbankAccording to Reuters, the German government aims to preserve Commerzbank's national identity, its listing on the domestic stock market and jobs.
Among the increases in the Ftse Mib, it is worth mentioning Prysmian, which rose by 1,66% after successfully completing the capital increase of approximately 850 million euros intended to partially finance the acquisition of Atkore. Stellantis instead it moves just above parity: the words of the CEO Antonio Filosa have not warmed up the stock and, according to analysts, the fourth quarter will represent the real test for the group, after a seasonally weak third quarter expected. Positive also Tim, which benefits from the evolution of the'Poste Italiane takeover bid': Subscriptions rose to 20,9%, from 10,7% the previous session, following the relaunch of the offer to €1,97 in cash plus 0,218 Poste shares. Taking into account the stake already held, Poste now holds 36,8% of the capital. The reopening period is scheduled for September 21-25.
Among the liveliest titles also Moncler, following the inauguration of its new flagship store on Fifth Avenue in New York. The store, spanning 2.200 square meters on two floors, is the largest in the group's global network. Among the reductions, however, Eni yields 0,98% e Saipem 0,94%, while Enel retreats by 0,08% e Lottomatica 0,07%.
Oil prices fall, but Brent crude remains above $100.
On the currency market the exchange euro Dollar remains little moved, at 1,16. The Brent, although falling, remains above 105 dollars a barrel, while the wtf is trading just above $100. Tensions in the Middle East and fears about the safety of transit through the Strait of Hormuz are supporting prices.
According to the Financial Times, some countries in the region are considering a temporary agreement with Iran to secure maritime traffic. Oman plans to bring together the foreign ministers of the Gulf Cooperation Council and Iran in Salalah on Monday, although the meeting has not yet been confirmed. The escalation of hostilities between Saudi Arabia-backed forces and the Houthis could complicate these plans.
Salt instead the gas in Amsterdam, with prices above 80 euros per megawatt hour, in a market that continues to be affected by geopolitical tensions and fears about the security of energy supplies.
BTP-Bund spread stable, yield at 4,37%.
It remains stable spread between BTPs and Bunds. The spread between the benchmark 10-year BTP and the corresponding German bond stands at 87 basis points, the same level as yesterday, at the end of a session characterized by strong movements and a general increase in yields in the Eurozone following the ECB's decisions. The spread also remained stable. yield on the benchmark 10-year BTP, at 4,37%, the highest level since November 2023.
Last updated Friday, September 11, 2026, at 16:15 PM
