EU bourses are up, Milan flat
(Teleborsa) - The Milan stock exchange is trading flat, but Europe's other bourses are bullish.EUR / USD holds its position at 1.084. Gold trades slightly up at 2,705.9 dollars per ounce. Light Sweet Crude Oil continues to trade sideways, registering a +0.27% change.
The Spread between the Italian BTP and German Bund yields decreases, settling at +119 basis points, with the 10-year BTP yield at +3.42%.
Among the European indices, Frankfurt trades firm at +0.01%, London contracts moderately by -0.35%, and Paris is essentially healthy, gaining +0.2%.
The Milanese stock market is moving sideways, with the FTSE MIB registering a +0.14% change; similarly, no shame no gain for the FTSE Italia All-Share as it trades flat at 37,253 points.
The FTSE Italia Mid Cap inches up +0.51%; on the same trend direction, the FTSE Italia Star is trading just above the flatline (+0.6%).
Among Italy's best performing large-caps, Moncler is in good shape, advancing +3%.
Brunello Cucinelli stands out, progressing +2.73%.
A positive performance for Stmicroelectronics, which advances by a notable +1.87%.
Stellantis's +1.72% surge cheers investors.
Inwit reports the heaviest losses, currently suffering from a -1.27% down.
Banco Bpm is subdued, shedding -1.24%.
Prysmian falls just below its previous value.
Unicredit is sluggish, declining marginally (-0.66%).
Ferragamo (+5.53%), Technoprobe (+3.73%), Tinexta (+2.09%) and De'Longhi (+1.96%) top the ranks of Milan's mid-caps.
Digital Value has the worst performance, with a -2.67% down.
Rai Way is modestly down, shedding -0.9%.
Italmobiliare drifts -0.88% lower.
Credem totters along with a modest -0.58% decline.
Among the most important macroeconomy events:
Friday, 10/18/2024
1:30 AM Japan: consumer price index, yearly (prev. 3%)
4:00 AM China: gross domestic product, quarterly (expected 1%; prev. 0.7%)
4:00 AM China: unemployment rate (expected 5.3%; prev. 5.3%)
4:00 AM China: industrial production, yearly (expected 4.6%; prev. 4.5%)
4:00 AM China: retail sales, yearly (expected 2.5%; prev. 2.1%)
8:00 AM United Kingdom: retail sales, monthly (expected -0.3%; prev. 1%)
8:00 AM United Kingdom: retail sales, yearly (expected 3.2%; prev. 2.3%).
(Teleborsa) 10-18-2024 09:30 AM