Stock market today, 25 October. Cars in the spotlight, Europe didn’t move much. Tokyo is waiting for the vote

Wall Street opens higher.

Wall Street opens the last session of the week on the rise. In the first minutes of trading, the Dow Jones advanced 0.24% to 42,477 points, the Nasdaq indicated +0.59% at 18,524 points and the S&P 500 +0.52% at 5,839 points. Shares of Capri Holdings fell, falling 45.70% after the decision of the American federal judge to ban operations with Tapestry, announced in the summer of 2023 and worth 8.5 billion dollars.
On the other hand, tapestry gets 10.42%.

Oil is rising in New York at $71.08

Oil continues to rise in New York, where prices rise 1.27% to 71.08 dollars per barrel.

Central Bank Raises Interest Rates to 21%

The new interest rate is the highest in Russia since the dissolution of the Soviet Union in 1991. The previous high was reached in February 2022, when the Central Bank raised rates to an unprecedented level. -never before of 20% in an emergency attempt to support the ruble. in response to the heavy sanctions imposed on the Kremlin after it sent troops to Ukraine.

Paris stock exchange: -10% Valeo, quarterly revenue down, cuts 2024 estimates and warns on 2025

Valeo was hit by a sell-off on the Paris stock exchange after it lowered its revenue forecasts for 2024 due to the decline recorded in the third quarter and after expressing a big warning about 2025. Stocks lost the car parts manufacturer 10 at around 12.30 pm, 5 % to 9.31 Euro.
Since the beginning of the year, the price has fallen by a total of 32%.

Italy dashboard: Stock market, euro, spread

The Milan Stock Exchange continues to decline slightly with the mid-session Ftse Mib marking -0.07% at 34,678 points. While waiting for the Dbrs judgment that will update their current rating on Italy at ‘BBB (high)’ with a stable outlook, Saipem shines in Milan (+3.39%) and Eni also does well (+ 081%), this latest after the quarter accounts were higher than expected.

Stock market: Europe uncertain in the middle of the day, Saipem is still running in Milan (+0.1%).

European stock markets moved little in the middle of the day, awaiting the start of Wall Street which was seen rising, with American futures upbeat. Investors are adopting a cautious outlook as the quarterly reporting season continues at full speed and due to the upcoming US elections. However, the release of the German ifo index, the one that measures the expectations of companies, did not affect the markets: in October it rose to 86.5 points, from the previous 85.4 points. Frankfurt, London and Amsterdam change by parity, Paris falls 0.19%, Madrid loses 0.28%. Instead Milan rises 0.12%, with the spread around 121 points.

Istat, consumer confidence and business fall in October

In October both the consumer confidence index and the composite indicator of business confidence are expected to decrease (from 98.3 to 97.4 and from 95.6 to 93.4 respectively). “The business confidence climate is falling to the lowest level since April 2021,” Istat said. For businesses, “The decline is due to worsening growth in the manufacturing and services market sectors.” Although the unfavorable evolution of the index for consumers is “largely due to a decline in perceptions of the general economic situation and worse expectations”.

Stock markets open weak and mixed

European stock markets open weak and mixed in the middle of quarterly reporting season. In the background there is still uncertainty about the outcome of the Trump-Harris duel for the presidency of the United States, more promises of a slower pace of Fed rate cuts and the risk that the conflict will increase in the Middle East. Today consumer confidence indices are expected and for a review of the ratings of Italy (Dbrs) and France (Moody’s). In Frankfurt the Dax lost 0.18% to 19,420.55 points, in London the FTSE 100 registered +0.07% to 8,273.14 points, in Paris the Cac 40 fell by 0.19% to 7,489.31 points and in Madrid the Ibex-3133 points loss .14.14. In Milan the FTSE Mib is flat at +0.08%.

Oil on the rise, Brent above 74 dollars

Oil prices are moving higher and on track for a weekly gain of more than 1%, as tensions in the Middle East, the world’s main crude producing region, and ceasefire talks in Gaza continued. operators on edge over the next few days. .
Brent futures advanced 0.28% to 74.59 dollars per barrel and those on WTI gained 0.23% to 70.36 dollars per barrel.