Europe, Milan power ahead
(Teleborsa) - Europe is buoyed by fresh buying, as is Piazza Affari, which posts big gains.A session to forget for EUR / USD, which sheds -1.63%. Gold trades down -0.51% in a weak session. Light Sweet Crude Oil plunges to 70.77 dollars per barrel amid heavy sell-offs, losing -1.7%.
The Spread retreats slightly to +122 basis points, down -2 BPs, while the Italy BTP 10-year yield stands at +3.64%.
Among the markets of the Old Continent, Frankfurt is firmly in the black, progressing +1.3%, London performs well, growing +1.35%, and Paris is on top of the game with a strong +1.82% rise.
In a strong day for the Milan bourse the FTSE MIB gains +1.08%; similarly, the FTSE Italia All-Share surges above the previous day's levels to trade at 36,957 points.
FTSE Italia Mid Cap puts in an excellent performance (+1.53%), as the FTSE Italia Star is up +1.49%.
Tenaris (+6.05%), DiaSorin (+3.45%), Leonardo (+3.19%) and Stmicroelectronics (+3.11%) among the best performing blue chips in Piazza Affari.
Inwit has the worst performance, with a -1.67% down.
ERG suffers losses of 1.53%.
Pirelli & C is sluggish, declining marginally (-0.91%).
Enel is modestly down, shedding -0.61%.
Digital Value (+8.99%), Buzzi (+6.73%), Technoprobe (+4.85%) and Tinexta (+4.32%) top the ranks of Milan's mid-caps.
Brembo reports the heaviest losses, currently suffering from a -0.90% down.
Alerion Clean Power drifts -0.64% lower.
Among the most relevant macroeconomic data:
Wednesday, 11/6/2024
8:00 AM Germany: factory orders, monthly (expected 1.6%; prev. -5.8%)
10:00 AM European Union: services PMI (expected 51.2 points; prev. 51.4 points)
10:00 AM European Union: composite PMI (expected 49.7 points; prev. 49.6 points)
11:00 AM European Union: producer price index, yearly (expected -3.5%; prev. -2.3%)
11:00 AM European Union: producer price index, monthly (expected -0.5%; prev. 0.6%)
4:30 PM USA: crude oil stocks change, weekly (expected 1.8 Mln barrels; prev. -515K barrels)
Thursday, 11/7/2024
8:00 AM Germany: Trade balance (expected 24.3 Bln Euro; prev. 22.5 Bln Euro).
(Teleborsa) 11-06-2024 09:30 AM