All European markets slightly lower
(Teleborsa) - Milan flags in the wake of Europe's major bourses.EUR / USD holds its position at 1.084. Gold makes timid gains, progressing by +0.3%. Light Sweet Crude Oil is slightly up, rising to 67.81 dollars per barrel.
The Spread goes down to +122 basis points, an impressive reduction of 7 BPs over previous levels, with the Italy BTP 10-year yield at +3.54%.
Among the major European bourses, Frankfurt drifts -0.36% lower, London totters along with a modest -0.4% decline, and Paris shows a negative session -0.78% down.
The Milan stock exchange is trading lower, with the FTSE MIB recording a decline of -0.82%; similarly, the FTSE Italia All-Share is in reverse gear as it slides to 36,746 points.
The FTSE Italia Mid Cap is slightly lower (-0.5%); on the same line, the FTSE Italia Star eases -0.49%.
Saipem leads the FTSE MIB with solid gains, registering +1.06%.
Campari has the worst performance, with a -13.89% down.
Troubled Prysmian falls -3.63%.
Moncler is down, with a net loss of 2.49%.
Azimut is firmly in the red, showing a fall of 1.95%.
Maire (+1.66%), Reply (+0.77%), Safilo (+0.58%) and MFE A (+0.53%) top the ranks of Milan's mid-caps.
Piaggio has the worst performance, with a -2.12% down.
El.En trades negative, losing -1.88%.
Cembre plunges -1.68%.
Ferragamo declines by a notable -1.66%.
Among the macroeconomic rendez-vous that might have high influence on the markets:
Wednesday, 10/30/2024
7:30 AM France: gross domestic product, quarterly (expected 0.3%; prev. 0.2%)
9:00 AM Spain: consumer price index, yearly (expected 1.7%; prev. 1.5%)
9:00 AM Spain: gross domestic product, quarterly (expected 0.6%; prev. 0.8%)
9:00 AM Spain: consumer price index, monthly (expected 0.5%; prev. -0.6%)
9:55 AM Germany: unemployment rate (expected 6.1%; prev. 6%)
10:00 AM Germany: gross domestic product, quarterly (expected -0.1%; prev. -0.1%)
10:00 AM Italy: gross domestic product, yearly (expected 0.7%; prev. 0.9%).
(Teleborsa) 10-30-2024 09:30 AM