EU bourses are up, Milan flat

(Teleborsa) - The Milan stock exchange is trading flat, but Europe's other bourses are bullish. Meanwhile on Wall Street the S&P-500 marks a +0.32% gain.

EUR / USD is essentially stable at previous levels, finishing at 1.055. Gold trades slightly up at 2,654.5 dollars per ounce. Light Sweet Crude Oil rises +1% to 69.62 dollars per barrel.

The Spread climbs again, settling at +120 basis points, up 3 BPs, with the Italy BTP 10Y yield at +3.3%.

Among the European indices, Frankfurt looks composed with modest growth of +0.39%, London is modestly down, shedding -0.23%, and lacklustre Paris registers almost no change against the previous trading session.

The Milan stock exchange takes a breather, with the FTSE MIB trading at 33,206 points; similarly, the FTSE Italia All-Share is trading on a dull note, at 35,376 points, around the previous day's levels.

The FTSE Italia Mid Cap is practically unchanged (-0.02%); the FTSE Italia Star is only just in the black (+0.22%).

Amplifon (+1.57%), Stmicroelectronics (+1.01%), Azimut (+0.97%) and MPS Bank (+0.88%) among the top performers in Milan.

Mediobanca sees the heaviest sell-offs, now trading -1.75% lower.

Moncler plunges -1.65% on intense selling.

Banca Popolare Sondrio drifts -1.24% lower.

ERG totters along with a modest -0.96% decline.

Comer Industries (+4.30%), BFF Bank (+1.94%), Sanlorenzo (+1.63%) and Fincantieri (+1.27%) are among the best performing stocks in the FTSE Italia Mid Cap basket.

Ferragamo reports the heaviest losses, currently suffering from a -2.56% down.

Investors are selling as Moltiply Group records a -2.32% fall.

Zignago Vetro shows a negative session -2.16% down.

Troubled SOL falls -1.75%.

Among the macroeconomic rendez-vous that might have high influence on the markets:

Friday, 11/29/2024
12:30 AM Japan: unemployment rate (expected 2.5%; prev. 2.4%)
12:50 AM Japan: retail sales, yearly (expected 2.1%; prev. 0.7%)
12:50 AM Japan: industrial production, monthly (expected 3.8%; prev. 1.6%)
8:00 AM Germany: retail sales, monthly (expected -0.5%; prev. 1.6%)
8:00 AM Germany: retail sales, yearly (expected 3.2%; prev. 3.8%)
8:45 AM France: employment, quarterly (expected -0.1%; prev. 0%)
8:45 AM France: gross domestic product, quarterly (expected 0.4%; prev. 0.2%).

(Teleborsa) 29-11-2024 16:00