Euroland bourses contract, Piazza Affari weakest
(Teleborsa) - The Milan stock exchange is markedly down, while the major European exchanges see only moderate losses. On Wall Street the S&P-500 is basically stagnant, posting a paltry +0.1% change.EUR / USD is essentially stable at previous levels, finishing at 1.058. Gold creeps up +0.59%. Oil prices see no significant change, with the Light Sweet Crude Oil settling at 69.06 dollars per barrel, near the previous session's level.
The Spread is at +116 basis points, near the previous day's level, while the ten-year BTP settles at +3.54%.
Among the markets of the Old Continent, tottering Frankfurt dips -0.67%, London trades firm at -0.13%, and Paris is definitely weaker with a -0.67% decrease.
In Piazza Affari, the FTSE MIB drops -1.28% to settle at a closing price of 33,325 points: the Milan Stock Exchange main index thereby cements its negative run, with three consecutive declines recorded since last Friday; similarly, it's a gloomy day for the FTSE Italia All-Share, which ends the session at 35,462 points, down -1.23%.
The FTSE Italia Mid Cap ends negative (-0.77%); similarly, the FTSE Italia Star finishes just below the flatline (-0.67%).
Leonardo is Milan's only blue chip to perform significantly well, achieving +1.37%.
Telecom Italia reports the heaviest losses, ending the session -4.14% down.
Banca Popolare Sondrio is in free fall, diving -3.85%.
Finecobank trades negative, losing -3.63%.
Banca Mediolanum plunges -3.16%.
Cembre (+2.18%), Juventus (+2.16%), Digital Value (+1.91%) and SOL (+1.71%) are among the best performing stocks in the FTSE Italia Mid Cap basket.
Carel Industries reports the heaviest losses, ending the session -6.62% down.
Ferragamo drops like a stone, recording a -4.78 percent decline.
Credem declines by a notable -3.4%.
Banco di Desio e della Brianza is struggling, -2.73% down.
Among the macroeconomic variables of high impact:
Tuesday, 11/19/2024
11:00 AM European Union: Prezzi Consumo Ex Tabacco, yearly (prev. 1.6%)
11:00 AM European Union: consumer price index, yearly (expected 2%; prev. 1.7%)
11:00 AM European Union: consumer price index, monthly (expected 0.3%; prev. -0.1%)
2:30 PM USA: housing starts (expected 1.34 Mln units; prev. 1.35 Mln units)
2:30 PM USA: buildings permits (expected 1.44 Mln units; prev. 1.43 Mln units)
Wednesday, 11/20/2024
12:50 AM Japan: Trade balance (expected 360.4 Bln ¥; prev. -294.3 Bln ¥)
8:00 AM Germany: producer price index, yearly (prev. -1.4%).
(Teleborsa) 11-19-2024 06:02 PM