Mixed session for European stock exchanges. Milan improves at the end and gains 0.15% while Paris ends at +0.18%. On the other hand, London and Frankfurt were negative at -0.11%.
After Moody's assessment of Italy (last Friday, after the markets closed) the spread fell sharply to 172 basis points, with the yield on our 4-year bond falling to 34.<>%.
It's been a positive start to the week on Wall Street. In particular for the technology sector: the spotlight is on the artificial intelligence sector after Microsoft announced the hiring of Sam Altman (former co-founder of OpenAi, who has just been fired) to its AI team. Microsoft is up a point and a half.
The dollar is still slowing down. The euro trades at 1.0944 against the greenback. The new trend of weakness in the U.S. currency depends on growing bets on the Fed's rate cuts next year. The so-called "super-index" of the U.S. economy fell 0.8% in October, the 19th consecutive decline.
Oil is on the rise: there is expectation of possible new supply cuts by OPEC+ to support prices. Brent crude settled above $82 and a half a barrel.