Europe, Milan power ahead
(Teleborsa) - Europe is buoyed by fresh buying, as is Piazza Affari, which posts big gains. In New York, the S&P-500 trades neutral.EUR / USD makes timid gains, progressing by +0.41%. Gold trades up, advancing to 2,354.6 dollars per ounce. Light Sweet Crude Oil is largely stable at 83.13 dollars per barrel.
The Spread remains unchanged at +143 basis points, while the Italy ten-year BTP is at +4.02%.
Among the markets of the Old Continent, a positive performance for Frankfurt, which advances by a notable +1%, London is essentially healthy, gaining +0.64%, and Paris's +1.33% surge cheers investors.
In Milan, the FTSE MIB rises +1.19%, to 33,878 points; similarly, the FTSE Italia All-Share gains +1.22% over the previous session, trading at 36,096 points.
FTSE Italia Mid Cap puts in an excellent performance (+1.68%); on the same trend direction, the FTSE Italia Star climbs +1.15%.
MPS Bank (+6.75%), Leonardo (+3.85%), Bper (+3.84%) and Unipol (+3.03%) among the top performers in Milan.
Saipem has the worst performance, with a -2.66% down.
Moncler is definitely weaker with a -0.7% decrease.
De'Longhi (+6.31%), Zignago Vetro (+3.44%), Buzzi (+3.11%) and Webuild (+3.07%) are among the best performing stocks in the FTSE Italia Mid Cap basket.
Philogen sees the heaviest sell-offs, now trading -1.92% lower.
Caltagirone slips just under the flatline with a -1.41% decrease.
Fincantieri contracts moderately by -0.86%.
Ascopiave is subdued, shedding -0.85%.
Among the most important macroeconomy events:
Wednesday, 7/3/2024
3:45 AM China: Caixin services PMI (expected 53.4 points; prev. 54 points)
10:00 AM European Union: services PMI (expected 52.6 points; prev. 53.2 points)
10:00 AM European Union: composite PMI (expected 50.8 points; prev. 52.2 points)
11:00 AM European Union: producer price index, yearly (expected -4.1%; prev. -5.7%)
11:00 AM European Union: producer price index, monthly (expected -0.1%; prev. -1%)
1:30 PM USA: challenger job cuts (prev. 63.82K units)
2:15 PM USA: ADP employment change (expected 163K units; prev. 157K units).
(Teleborsa) 07-03-2024 04:00 PM