Piazza Affari closes higher, a black week for tech on Wall Street

A story the morning did not tell: Piazza Affari closed today’s session up 0.2%, while on Wall Street the technology sector went through a difficult week, with the Nasdaq down 2.1%. The price of Brent rose above $110 a barrel. The closing figure for Piazza Affari and that for the Nasdaq currently come from a single source (Il Sole 24 Ore); no independent confirmation is currently available.

European stock markets went through, according to the same source, a negative week for technology stocks, with investors shifting towards bonds. Brent’s rise above $110 comes against a backdrop of technology markets under pressure, an element that accompanies — without the available excerpts clarifying any direct relationship — the performance of stock markets during the week.

On the fuel front, the Observatory of the Ministry of Enterprises and Made in Italy reports that on October 18 the average price of self-service petrol on the national road network fell to €2.029 per litre. Diesel on motorways, on the other hand, rose to €2.298 per litre, a slight increase compared to the previous day. This figure, too, comes from a single institutional source, the Mimit Observatory, with no further independent verification currently available.

The two fronts followed today — stock markets and fuels — remain separate by the nature of the data, but share the same informational limit: in both cases the editorial team has only one verifiable source, respectively the financial outlet and the ministerial body. This does not mean the figures are in doubt, but that the absence of a second independent source must be stated until cross-confirmation arrives, as required for heavy economic claims.

The picture for the day thus shows a divergent trend between the two main fuel indicators — petrol down, diesel up — while on the stock markets Milan’s gain coexists with a negative week for the international technology sector. It remains to be seen, in the coming updates from the Mimit Observatory and in the stock market closings of the next few days, whether these trends will be confirmed by further sources.