Borsa Italiana leads Europe-wide rally
(Teleborsa) - Piazza Affari makes breathtaking gains, but the other European markets are also performing well.There is no significant change for EUR / USD which, at 1.052, is traded around previous levels. Gold is essentially stable at 2,640 dollars per ounce. A slight gain for Light Sweet Crude Oil, showing a rise of 0.55%.
The Spread jumps to +120 basis points, an increase of 3 BPs, with the Italy BTP 10Y yield at +3.25%.
Among the European markets, Frankfurt makes fairly pedestrian progress (+0.34%), London looks composed with modest growth of +0.44%, and Paris's +0.86% surge cheers investors.
The Milanese stock exchange looks bullish, with the FTSE MIB advancing to 33,826 points, continuing its bullish run of four consecutive gains since last Thursday; similarly, the FTSE Italia All-Share sees an increase of +0.98%.
The FTSE Italia Mid Cap climbs +0.74%; similarly, the FTSE Italia Star inches up +0.63%.
Amplifon (+1.96%), Moncler (+1.67%), Banca Popolare Sondrio (+1.60%) and Banco Bpm (+1.54%) top the ranks of Milan's large-caps.
Terna sees the heaviest sell-offs, now trading -1.08% lower.
Ferragamo (+6.21%), Banco di Desio e della Brianza (+2.43%), Banca Generali (+1.83%) and Banca Ifis (+1.77%) are among the big players in the FTSE Italia Mid Cap index.
Carel Industries sees the heaviest sell-offs, now trading -0.73% lower.
Among the macroeconomic variables of high impact:
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) 03-12-2024 09:30