Stock exchanges, uncertainty prevails between shutdown and rates. Gold rises above $4,000 an ounce
Piazza Affari closes below par, little movement in Paris and Frankfurt. Wall Street in negative after record highs. Euro pays for the political crisis in France. Banks weak in Piazza Affari, investors wonder about an axis on the bancassurance front between Unipol and Unicredit
(Il Sole 24 Ore Radiocor) - Uncertainty is the protagonist on the markets, with equities in the doldrums and new records for gold. European stock exchanges, after a weak start, took the path of an upturn only to slow down again in the wake of caution on Wall Street and closed the session in no particular order. In Piazza Affari, the Ftse Mib dropped 0.17%, just above 43,000 points, Paris and Frankfurt were on parity, Amsterdam and Madrid were in the red.
Concerns generated by the political chaos in France and the shutdown in the United States held the headlines. New records for the price of gold, with futures surpassing USD 4,000 an ounce for the first time.
Wall Street down after records
Si sono mossi in calo gli indici a Wall Street dopo un tentativo di rialzo in avvio e dopo i record della vigilia, con i trader che attendono sviluppi da Washington sull'attuale shutdown, in corso da una settimana. Alla chiusura delle contrattazioni il Dow Jones segna un -0,2%, l’S&P 500 perde lo 0,38% e il Nasdaq chiude a-0,67 per cento. Le speranze di una riapertura del governo, alla vigilia, sono state infrante dal Senato, che non è riuscito, per la quinta volta, ad approvare una proposta di legge della Camera che avrebbe finanziato il governo fino al 21 novembre. Lo shutdown ha finora impedito la pubblicazione di dati economici chiave, come il rapporto sull'occupazione di settembre, previsto per venerdì, e di conseguenza ha ridotto la quantità di informazioni disponibili per la Federal Reserve in vista della prossima decisione sui tassi di interesse. Il blocco, abbinato a questo blackout dei dati, arriva in un momento in cui i rischi per il mercato del lavoro e l'inflazion
on the stock market, the Canadian mining exploration company Trilogy Metals gained over 200% after the US government announced the acquisition of a 10% stake in the company. Amd was positive after the company's rating was upgraded by Jefferies following its 47% rally in the wake of the OpenAI deal. Ibm was also positive after the company announced a strategic partnership with Anthropic to accelerate the development of enterprise-grade artificial intelligence by integrating Anthropic's Claude, one of the world's most powerful large language model (LLM) families, into Ibm's software portfolio.
Paris holds despite crisis, French spread aligns with Italian one
Stopping just above parity is the Cac40 of Paris, despite the uncertainty that opened up after that premier Sebastien Lecornu put his resignation on the table, abandoning the president, Emmanuel Macron. At this point, the opposition is strongly calling for the dissolution of the assembly and thus new presidential elections.
