Borsa Italiana holds the line
(Teleborsa) - Piazza Affari remains stagnant, while the major European markets trend higher.EUR / USD broadly maintains the previous session's levels, with a change of only +0.06%. Gold is essentially stable at 2,501.6 dollars per ounce. Light Sweet Crude Oil enjoys a positive session, gaining +0.83%.
The Spread goes down to +139 basis points, shrinking -4 BPs, while the Italian 10-year BTP yield is at +3.7%.
Among the European indices, Frankfurt essentially treads water (+0.13%), London goes nowhere, reporting a -0.15% change, and Paris performs modestly, showing a moderate +0.2% rise.
In Milan, Piazza Affari sees fairly steady trading around previous levels, with the FTSE MIB finishing at 34,321 points, while, instead, the FTSE Italia All-Share loses -0.23% to close at 36,503 points.
The FTSE Italia Mid Cap spirals down (-1.15%); on the same trend direction, the FTSE Italia Star declines -1.05%.
Among Italy's best performing large-caps, resilient Tenaris registers a small increase of 1.44%.
Hera advances +1.15%.
Pirelli & C edges higher, showing an increase of 0.62%.
A positive result for Banca Mediolanum, which inches up +0.54%.
Leonardo has the worst performance, closing -7.23% down.
DiaSorin declines by a notable -2.88%.
Telecom Italia is struggling, -1.71% down.
ERG is sluggish, declining marginally (-1.47%).
Ariston Holding (+2.54%), IVS Group (+0.56%), Pharmanutra (+0.55%) and Buzzi (+0.51%) top the ranks of Milan's mid-caps.
Juventus has the worst performance, closing -15.05% down.
Fincantieri collapses (-5.9%).
Ferretti reels under sharp sell-offs as it declines -5.76%.
Carel Industries suffers losses of 3.45%.
Among the most relevant macroeconomic data:
Monday, 9/2/2024
2:30 AM Japan: manufacturing PMI (expected 49.5 points; prev. 49.5 points)
3:45 AM China: Caixin manufacturing PMI (expected 50 points; prev. 49.8 points)
10:00 AM European Union: manufacturing PMI (expected 45.6 points; prev. 45.6 points)
10:00 AM Italy: gross domestic product, yearly (expected 0.9%; prev. 0.7%)
10:00 AM Italy: gross domestic product, quarterly (expected 0.2%; prev. 0.3%)
11:00 AM Italy: producer price index, yearly (prev. -2.5%)
11:00 AM Italy: producer price index, monthly (prev. 0.7%).
(Teleborsa) 02-09-2024 18:02