Europe, Milan power ahead
(Teleborsa) - Europe is buoyed by fresh buying, as is Piazza Affari, which posts big gains. On the American market the S&P-500 registers large advances.EUR / USD trades up, advancing to the level of 1.039. Gold is just below the flatline as it slips -0.32%. Light Sweet Crude Oil is on the plus side, rising +1.16%.
The Spread remains unchanged at +113 basis points, while the Italy ten-year BTP is at +3.59%.
Among the European markets, a positive performance for Frankfurt, which advances by a notable +0.98%, London reports no significant price changes in the absence of fresh cues, and Paris boasts a +1.54% increase as investors scramble to get their hands on shares.
In a strong day for the Milan bourse the FTSE MIB gains +1.42%; similarly, the FTSE Italia All-Share sees an increase of +1.37%.
FTSE Italia Mid Cap puts in a good performance (+0.89%), as the FTSE Italia Star is sparkling (+1.62%).
Stmicroelectronics (+6.45%), Amplifon (+5.05%), Stellantis (+3.91%) and Iveco (+3.71%) among the best performing blue chips in Piazza Affari.
Leonardo has the worst performance, with a -1.76% down.
Hera is subdued, shedding -1.28%.
A2A falls just below its previous value.
Italgas is sluggish, declining marginally (-1.01%).
Technoprobe (+6.92%), Webuild (+3.46%), Ferragamo (+3.34%) and Tinexta (+3.24%) top the ranks of Milan's mid-caps.
Juventus has the worst performance, with a -5.11% down.
Cembre shows a negative session -2.15% down.
Troubled Newlat Food falls -1.93%.
ENAV is modestly down, shedding -1.22%.
Among the macroeconomic rendez-vous that might have high influence on the markets:
Monday, 1/6/2025
10:00 AM European Union: services PMI (expected 51.4 points; prev. 49.5 points)
10:00 AM European Union: composite PMI (expected 49.5 points; prev. 48.3 points)
2:00 PM Germany: consumer price index, monthly (expected 0.3%; prev. -0.2%)
2:00 PM Germany: consumer price index, yearly (expected 2.4%; prev. 2.2%)
3:45 PM USA: composite PMI (expected 56.6 points; prev. 54.9 points)
3:45 PM USA: services PMI (expected 58.5 points; prev. 56.1 points)
4:00 PM USA: factory orders, monthly (expected -0.3%; prev. 0.2%).
(Teleborsa) 01-06-2025 04:00 PM