Borsa Italiana leads Europe-wide rally

(Teleborsa) - Piazza Affari makes breathtaking gains, but the other European markets are also performing well. On Wall Street, trading remains cautious, with the S&P-500 reporting a +0.02% change.

EUR / USD makes timid gains, progressing by +0.6%. Gold is slightly down at 2,640.3 dollars per ounce. A slight gain for Light Sweet Crude Oil, showing a rise of 0.79%.

The Spread is substantially lower, falling -9 basis points to +106 BPs, with the Italian 10-year BTP yield at +3.2%.

Among the European indices, a positive result for Frankfurt, which inches up +0.48%, lacklustre London registers almost no change against the previous trading session, and Paris lacks momentum, trading with a +0.14% change.

In Milan, the FTSE MIB rises +1.27%, to 34,518 points, consolidating after six consecutive days of gains, which began last Thursday; similarly, the FTSE Italia All-Share delivers positive performance, trading +1.2% up over the previous close.

The FTSE Italia Mid Cap is trading just above the flatline (+0.44%); on the same line, the FTSE Italia Star gains marginally (+0.35%).

Among Italy's best performing large-caps, Telecom Italia boasts a +4.98% increase as investors scramble to get their hands on shares.

An ebullient Stellantis is up +4.33%.

Unicredit sparkles, managing to pull off a +3.87% increase.

Bper attracts bids with a +3% rise.

Prysmian sees the heaviest sell-offs, now trading -1.45% lower.

Recordati drifts -0.77% lower.

Brunello Cucinelli totters along with a modest -0.67% decline.

Digital Value (+12.81%), Mondadori (+5.52%), Banca Ifis (+3.26%) and Fincantieri (+2.70%) are among the best performing stocks in the FTSE Italia Mid Cap basket.

Tinexta sees the heaviest sell-offs, now trading -1.86% lower.

Investors hurry to sell as Technoprobe declines -1.86%.

Sanlorenzo plunges -1.57% on intense selling.

A sluggish day for Philogen, which drops -1.32%.

Among the most important macroeconomy events:

Thursday, 12/5/2024
8:00 AM Germany: factory orders, monthly (expected -2%; prev. 4.2%)
8:45 AM France: industrial production, monthly (expected 0.3%; prev. -0.8%)
11:00 AM European Union: retail sales, monthly (expected -0.4%; prev. 0.5%)
11:00 AM European Union: retail sales, yearly (expected 1.7%; prev. 3%)
1:30 PM USA: challenger job cuts (prev. 55.6K units)
2:30 PM USA: Trade balance (expected -75.7 Bln $; prev. -83.8 Bln $)
2:30 PM USA: initial jobless claims, weekly (expected 215K units; prev. 215K units).

(Teleborsa) 12-05-2024 04:00 PM