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EU bourses are up, Milan flat
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EUR / USD holds its position at 1.042. Gold trades slightly up at 2,772.4 dollars per ounce. Light Sweet Crude Oil trades fractionally lower in this session, shedding -0.03% so far.
The Spread is broadly on the previous day's level as it settles at +110 basis points, while the Italy ten-year BTP is at +3.62%.
Among the major European bourses, Frankfurt is only just in the black as it climbs a scant +0.31%, stagnant London trades to a near stalemate, and Paris lacks momentum in this session, reflected in a moderate gain of 0.36%.
Milan's Piazza Affari is essentially stable, with the FTSE MIB trading sideways at 36,441 points; similarly, no shame no gain for the FTSE Italia All-Share as it trades flat at 38,674 points.
The FTSE Italia Mid Cap gains marginally (+0.26%); on the same trend direction, the FTSE Italia Star trades moderately higher (+0.42%).
Among Italy's best performing large-caps, Prysmian performs well, growing +3.64%.
Buzzi secures a tidy +2.05% gain.
Iveco rises +1.87% on positive cues.
Leonardo is in good fettle with a +1.66% increase.
Stmicroelectronics sees the heaviest sell-offs, now trading -7.32% lower.
Campari trades negative, losing -1.54%.
Nexi drifts -1.21% lower.
Saipem totters along with a modest -0.72% decline.
Sesa (+2.69%), Fincantieri (+2.41%), Caltagirone (+1.76%) and BFF Bank (+1.67%) are among Italy's top mid-cap stocks.
ENAV has the worst performance, with a -6.29% down.
Juventus drops like a stone, recording a -3.93 percent decline.
Safilo plunges -3.21%.
A sluggish day for Ferragamo, which drops -0.99%.
Among the most relevant macroeconomic data:
Thursday, 1/30/2025
7:30 AM France: gross domestic product, quarterly (expected 0%; prev. 0.4%)
9:00 AM Spain: consumer price index, monthly (expected 0%; prev. 0.5%)
9:00 AM Spain: consumer price index, yearly (expected 2.9%; prev. 2.8%)
10:00 AM Germany: gross domestic product, quarterly (expected -0.1%; prev. 0.1%)
10:00 AM Italy: gross domestic product, yearly (expected 0.6%; prev. 0.4%)
10:00 AM Italy: gross domestic product, quarterly (expected 0.1%; prev. 0%)
11:00 AM European Union: unemployment rate (expected 6.3%; prev. 6.3%).
(Teleborsa) 01-30-2025 09:30 AM