This live broadcast closed at 6pm on Friday.
After an initial hesitation, the European stock markets all closed on a positive note, thanks to the good results coming from Wall Street. Milan closes at +0.68% at 34,308 points, but does better Frankfurt to 0.74%, While Paris closes at 0.55%.
The best of the day is Mps which settles to +3.09%, after the rumors that it is close to a consortium to purchase the share held by the Government, but the gas sector is also closing well as A2a And Italgas, respectively a +3.02% And +1.51%. However, they closed in negative territory Telecom Italy a -4.63% And Stellantis to -2.77%, after the CEO, Carlos Tavares, in a hearing in the Chamber of Deputies declared that the Chinese have a 30% competitive advantage and this further increases the pressure on the Italian automotive industry and that the electric car brings a 40% increase in costs , but the system is unable to absorb higher prices.
Out of the main basket Brembo, which ends with an excellent result +4.90% after the acquisition of Öhlins Racing.
Stock exchanges 12pm: Piazza Affari in red together with the other European stock exchanges, Brembo continues its run
European stock markets move cautiously at 12pm, with Frankfurt up 0.05% and the only one in positive territory. Paris is down 0.07%, while Piazza Affari records a drop of 0.11%. Stellantis, Leonardo and Tim are under pressure, while Mps, Interpump, A2A and Italgas report an increase. Investors remain awaiting updates on China’s stimulus plans.
Brembo takes over Öhlins Racing
What’s in the news today is the maxi-acquisition of Brembo, which after leaving Pirelli bought 100% of Öhlins Racing, leader in premium suspensions. This is the largest acquisition in Brembo’s history, with an outlay of 405 million dollars (370 million euros at the current exchange rate) in the absence of cash or financial debt. The company recorded a +3.21% at 12.
The acquisition of Öhlins Racing by Brembo will be finalized in 2025 and will allow the world-famous Bergamo giant to expand its offering with the inclusion of advanced suspension technologies, a crucial component for improving the performance of cars both both road and racing.
Öhlins is renowned for the innovation and excellence of its suspensions used in prestigious categories such as MotoGP, Formula 1, World Superbike and NASCAR, representing an important milestone in the field of advanced suspension technologies.
Stellantis in difficulty, management changes
Remaining in the automotive sector, the difficulties continue Stellantis (-3.4%), with Carlos Tavares who revolutionizes the company’s management and is preparing to begin his last year at the helm of the company: at the beginning of 2026, it is now confirmed, he will leave his position as CEO of the automotive group.
Notable exits are attracting attention, including North America number one Carlos Zarlenga, who was replaced to address an environment that requires quick, focused decisions.
Antonio Filosa, current leader of Jeep, has been appointed as the new chief operating officer for North America. This region, where Stellantis generates half of its profits, has faced significant sales and inventory challenges. Filosa, known for his successes in South America, is called upon to lead a reversal of this situation. Further details on Zarlenga’s future are expected soon.
Mps, voices of a consortium
The dossier of MPS Bank remains one of the hottest this autumn on the table of the Meloni government. The Treasury has confirmed its intention to sell a further stake by the end of the year, and there are rumors that suggest the possibility of a roped ready to take over this share. Rumors that are heating up the title, a +2.01%.
According to what was reported by the Turin newspaper, the group of investors led by Enrico Marchi could move forward with a plan to buy a significant stake in Banca Monte dei Paschi after next month’s regional elections. Marchi would have explored the possibility of involving Enpam, already a shareholder of the Sienese bank, and Gianluigi Aponte of MSC. However, the president of Enpam, Alberto Oliveti, has denied any involvement of the doctors’ social security fund in the consortium proposed by Marchi.
Bags 9am: EEurope weak in the wake of the Asian ones, Piazza Affari the only positive one
The European stock exchanges appear cautious in the last session of the week, with investors once again turning their attention to China given that the Asian stock markets all went into the red. Details are expected over the weekend on new fiscal stimuli that could be introduced to support the Chinese economy. Frankfurt gives it up 0.03%, London the 0.26% And Paris the 0.12%. Milan for the moment it is holding, with a slight increase in price 0.01%, reaching 34,075 points.
MPS, Italgas and Brembo did well in Milan
In Piazza Affari, among the biggest increases of the day, Banca Monte Paschi di Siena stands out, due to the rumors relating to a consortium led by the number one of Banca Finint and Save, Enrico Marchi, to form a hard core of Italian shareholders and take over from the government a share between 7.5% and 11.5% of the capital of Siena. The bank advances by 2.86% reaching 5.328 euros per share.
Italgas also did well, making a profit 0.80% to 5.69 euros, after the rating agency Moody’s confirmed the Spa’s long-term credit rating at Baa2 with a stable outlook. The confirmation of the rating follows Italgas’ announcement on the agreement reached for the acquisition of 2i Rete Gas. Still on the industrial theme, A2a was also positive, growing by 0.74% at 2.038 euros. Prysmian recorded an increase of 0.46%, settling at 65.00 euros, while Enel recorded an increase of 0.39%, with the stock reaching 7.009 euros.
In the automotive sector and looking outside the main basket, Brembo leaps1.93% reaching 9.912 euros per share, thanks to the agreement with Tenneco, a company controlled by funds managed by Apollo Global Management, for the acquisition of 100% of Öhlins Racing. This Swedish company is a leading manufacturer of premium, high-performance suspension for motorcycles and cars in the original equipment, motorsport and aftermarket segments. This operation represents the largest acquisition in Brembo’s history, marking an important step for the international expansion of the Italian company. The agreement involves an outlay of 405 million dollars (approximately 370 million euros at current exchange rates), without the inclusion of cash or financial debt.
Stellantis and Bper go down
Looking at the day’s declines, in addition to Telecom Italia losing 2.93%, with the stock falling to 0.2453 euros per share, the ones making noise are the minus signs of Stellantis and Bper, after yesterday’s good performances.
As for the first (-1.23%), CEO Carlos Tavares has revolutionized the management and confirmed that he is preparing to begin his last year at the helm of the company: at the beginning of 2026 he will leave the role of CEO of the automotive group. Meanwhile, he announced changes, including a new chief financial officer and also a new boss for the Italian brand Maserati, which is suffering from a heavy drop in sales.
In the banking sector, Bper recorded a decline (-0.69%) after yesterday’s rally linked to the presentation of the new industrial plan to 2027. The bank has ruled out the possibility of a share buyback, instead announcing a commitment to remunerating shareholders with cash dividends for the next three years. Furthermore, the CEO, Gianni Franco Papa, stated that no mergers and acquisitions are planned in the near future.
Anticipation for US quarterly reports is growing
The European stock markets open the session in the name of uncertainty, remaining close to parity as they await the start of the new trading season US quarterly publications. Investors are also hoping that Beijing will announce new fiscal stimulus over the weekend to support the Chinese economy. On the macroeconomic front, recent data on inflation and unemployment benefits in the United States, both higher than expected, strengthen investors’ belief that the Fed will cut rates again in November, albeit limited to 25 basis points.
The Asian stock exchanges, without the presence of Hong Kong closed for holidays, they close the session in negative territory. Investors are turning their attention to the performance of the Chinese economy, awaiting a meeting of the Finance Minister which could lead to the announcement of new stimuli for growth. Geopolitical tensions, particularly those relating to the Middle East, also remain in the spotlight.
Spread at 128 points
The spread BTp/Bund remained unchanged at the opening. In the first trading, the yield differential between the benchmark 10-year BTp and the German Bund of the same duration was confirmed at 128 points base, stable compared to yesterday’s closing. The yield of the benchmark 10-year BTp also remained at 3.54%, the same level recorded at the previous close.
Stock markets expected stable this morning, while the price of oil continues to rise
European stock markets are preparing to open the last session of the week with caution, while investors return to focusing on China, where indications on possible new fiscal stimuli to support the economy are expected over the weekend. Meanwhile, the Asian stock exchanges closed the first week in decline after four consecutive weeks of growth: the MSCI index for the region recorded a loss of 0.3% and an overall decline of 1.7% compared to last Friday.
On the Milan price list, the focus is on Eni, Saipem and Tenaris, who benefit from the increase in oil prices. Also worth following Stellantis, after CEO Carlos Tavares reorganized management and confirmed that he is preparing to begin his final year at the helm of the automotive group. Tavares has announced that he will step down as CEO in early 2026.
The prices of petrolium are on the rise again, with Brent exceeding 79 dollars a barrel. For days, prices have been influenced by fears of an escalation of the conflict in the Middle East, following Iran’s missile attack on Israel. The hurricane that is hitting the east coast of the United States is now also contributing to the increase in prices. Brent, the main reference for North Sea crude, increased by 3.6%, reaching 79.34 dollars a barrel, while West Texas Intermediate advanced by 3.55% to 75.84 dollars.
In the United States, Hurricane Milton claimed at least 10 lives and left millions without electricity. The devastation could reduce fuel consumption in some areas of the world’s largest oil producer and consumer.