There were also declines in Asia, particularly in Hong Kong, at -2.43%. This comes according to data on exports and imports in China, which both fell 6.2% year-on-year in September. Signs of economic weakness, also confirmed by the 2.5% fall in producer prices, while the consumer price index remained unchanged compared to the previous year (0.0%).
While there are concerns about deflation in China, inflation is still a concern in the West. US consumer price data disappointed markets yesterday. The annual increase is 3.7%, a tenth more than expected and in line with August. However, as expected, core inflation fell from +4.3% to +4.1%.
Energy goods keep inflation high. Gas continues to run: today it reaches 54.5 euros per megawatt hour, +50% compared to last Thursday.
Today Brent oil is also up 1.4%, at $87.4 a barrel today.
Among the stocks in Piazza Affari, the biggest increase today was in Banca Mps, +3.86%, after some investment companies noted that the risk of disputes decreased after the acquittal of about 1 billion euros, according to data from Equita Sim former managers Viola and Profumo before the Supreme Court. This is followed by two more bank stocks: Bper Banca (+3.30%) and Banco Bpm (+1.96%). The biggest declines were in Diasorin, -2.20%, Campari and Fineco (-1.4% for both).