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  • 2025-10-08

Financial Markets: Gold Soars as European Stocks Move in Mixed Directions

This Tuesday, global markets experienced a mixed session. In Europe, major stock exchanges ended the day in scattered order, with the Italian 🇮🇹 MIB being the only index to close lower. Meanwhile, gold prices are surging toward the symbolic $4,000 mark — spot gold surpassed $3,970 per ounce, and futures crossed this level for the first time.

Gold Shines Amid Political and Economic PressureThe prolonged shutdown of the U.S. federal government, now entering its second week, continues to push investors toward safe-haven assets.In Europe, the resignation of French Prime Minister Sébastien Lecornu has added political uncertainty, with market estimates putting the probability of early elections in October at nearly 60%.

Europe: Between Protectionism and VolatilityOn the geopolitical front, the European Union has proposed doubling import tariffs on foreign steel to 50% — a move reminiscent of Donald Trump’s trade policy. The aim is to protect European industry from Asian, particularly Chinese, competition.

Market Highlights:

  •  Italy (MIB) – Slight decline (-0.2%)
  • United Kingdom (FTSE 100) – Modest gain
  • France (CAC 40) – Slightly higher
  • Germany (DAX 40) – Slightly higher
  • Belgium (Bel20) – Stable

🇺🇸 Wall Street: End of a Winning StreakAcross the Atlantic, U.S. markets pulled back slightly after eight consecutive days of gains.

S&P 500 down 0.4%

Nasdaq drops 0.7%, weighed down by the tech sector

Oracle plunges more than 5%, while AMD and Tesla follow the downward trend

Short-Term OutlookInvestors remain cautious. In Europe, volatility is expected to persist in the short term, driven by ongoing political and economic uncertainty. Markets will closely watch upcoming ECB comments and new industrial and manufacturing data.In the U.S., the federal government shutdown and delays in key economic releases are fueling uncertainty over the trajectory of fiscal and monetary policies.

In the near term, sector rotation and performance gaps between stocks are likely to continue, creating both risks and opportunities for informed investors.

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