Borsa Italiana heads Euro-pack in bullish session
(Teleborsa) - Fresh buying puts Piazza Affari in pole position, while Europe is also up. On Wall Street, trading remains cautious, with the S&P-500 reporting a -0.16% change.EUR / USD is essentially stable, finishing at 1.052. Gold trades slightly up at 2,648.2 dollars per ounce. Light Sweet Crude Oil gains +2.74% amid a flurry of buy orders.
The Spread puts on 2 basis points to +119 BPs, with the Italy Government Bond 10-year yield at +3.24%.
Among the European indices, Frankfurt looks composed with modest growth of +0.42%, London performs modestly, showing a moderate +0.56% rise, and resilient Paris registers a small increase of 0.26%.
In Piazza Affari, the FTSE MIB ends the day +1.03% up at 33,829 points, continuing its run after four consecutive rises, which began last Thursday; similarly, the FTSE Italia All-Share ends the day with an increase of +0.99%.
The FTSE Italia Mid Cap is moderately up (+0.61%); on the same line, the FTSE Italia Star is only just in the black (+0.42%).
Banca Popolare Sondrio (+7.03%), Saipem (+2.83%), Prysmian (+2.09%) and Unicredit (+1.89%) among the best performing blue chips in Piazza Affari.
Nexi sees the heaviest sell-offs, finishing trade -3.79% lower.
Italgas shows a negative session -1.62% down.
Troubled Azimut falls -1.59%.
ERG is definitely weaker with a -0.98% decrease.
Ferragamo (+7.08%), Digital Value (+4.42%), D'Amico (+3.74%) and GVS (+3.33%) are among Italy's top mid-cap stocks.
The Italian Sea Group reports the heaviest losses, ending the session -3.74% down.
Carel Industries is down, with a net loss of 2.60%.
Alerion Clean Power is firmly in the red, showing a fall of 2.57%.
Pharmanutra trades negative, losing -2.14%.
Among the macroeconomic rendez-vous that might have high influence on the markets:
Wednesday, 12/4/2024
3:45 AM China: Caixin services PMI (expected 52.5 points; prev. 52 points)
10:00 AM European Union: composite PMI (expected 48.1 points; prev. 50 points)
11:00 AM European Union: producer price index, yearly (prev. -3.4%)
11:00 AM European Union: producer price index, monthly (expected 0.4%; prev. -0.6%)
2:15 PM USA: ADP employment change (expected 166K units; prev. 233K units)
3:45 PM USA: composite PMI (expected 55.3 points; prev. 54.1 points)
3:45 PM USA: services PMI (expected 57 points; prev. 55 points).
(Teleborsa) 12-03-2024 06:02 PM