EU bourses are up, Milan flat
(Teleborsa) - The Milan stock exchange ends on a flat note, quite unlike the bullish finish seen elsewhere in Europe. On Wall Street, the S&P-500 is trading lower.EUR / USD climbs a tad to 1.087. Gold soars, gaining +1.93%. Light Sweet Crude Oil meanders around the flatline, settling at 82.62 dollars per barrel.
The Spread is broadly on the previous day's level as it settles at +133 basis points, while the Italy ten-year BTP is at +3.78%.
Among the European indices, Frankfurt makes fairly pedestrian progress (+0.7%), London looks composed with modest growth of +0.36%, and Paris forges ahead by +0.71%.
In Milan, Piazza Affari sees fairly steady trading around previous levels, with the FTSE MIB finishing at 34,318 points; similarly, the FTSE Italia All-Share (Milan) hovers around previous levels, closing at 36,572 points.
The FTSE Italia Mid Cap puts in a good performance (+0.83%); on the same trend direction, the FTSE Italia Star is moderately up (+0.38%).
Among Italy's best performing large-caps, Inwit is in positive territory with a +3.47% increase.
Iveco attracts bids with a +2.85% rise.
Brunello Cucinelli is firmly in the black, progressing +2.29%.
ERG performs well, growing +1.85%.
Banco Bpm reports the heaviest losses, ending the session -1.49% down.
Ferrari is modestly down, shedding -1.43%.
Bper drifts -1.37% lower.
MPS Bank totters along with a modest -1.3% decline.
MFE B (+10.45%), MFE A (+7.27%), Ariston Holding (+4.13%) and El.En (+3.17%) top the ranks of Milan's mid-caps.
Carel Industries sees the heaviest sell-offs, finishing trade -3.28% lower.
D'Amico is struggling, -2.45% down.
Caltagirone suffers losses of 2.11%.
Investors hurry to sell as Banca Ifis declines -1.6%.
Among the macroeconomic rendez-vous that might have high influence on the markets:
Thursday, 7/11/2024
1:50 AM Japan: core machinery orders, monthly (expected 0.9%; prev. -2.9%)
8:00 AM Germany: consumer price index, yearly (expected 2.2%; prev. 2.4%)
8:00 AM Germany: consumer price index, monthly (expected 0.1%; prev. 0.1%)
8:00 AM United Kingdom: industrial production, monthly (expected 0.3%; prev. -0.9%)
8:00 AM United Kingdom: industrial production, yearly (expected 0.6%; prev. -0.7%)
2:30 PM USA: consumer price index, yearly (expected 3.1%; prev. 3.3%)
2:30 PM USA: consumer price index, monthly (expected 0.1%; prev. 0%).
(Teleborsa) 07-11-2024 06:02 PM