Europe, Milan power ahead
(Teleborsa) - Europe is buoyed by fresh buying, as is the Milan bourse, which posts big gains. Wall Street sees the S&P-500 move up a notch, registering an increase of 0.40%.EUR / USD advances with a fractional gain of +0.43%. Gold is slightly up at 2,670.4 dollars per ounce. A day to forget for Light Sweet Crude Oil as it retraces -2.12% to trade at 68.21 dollars per barrel.
The Spread improves, shedding -5 basis points to settle at +129 BPs, while the Italian 10-year BTP yield is at +3.47%.
Among the European markets, Frankfurt impresses with a +1.69% rise, London goes nowhere, reporting a +0.2% change, and Paris takes off (+2.33%).
The Milan stock exchange soars as the FTSE MIB gains +1.68%. *; similarly, the FTSE Italia All-Share surges +1.69% to finish at 36,581 points.
The FTSE Italia Mid Cap is on a joyride (+1.94%); on the same line, the FTSE Italia Star sparkles (+1.75%).
Among Italy's best performing large-caps, Brunello Cucinelli boasts a +7.52% increase as investors scramble to get their hands on shares.
An ebullient MPS Bank is up +6.63%.
Moncler sparkles, managing to pull off a +6.57% increase.
Unicredit is on top of the game with a strong +4.83% rise.
Saipem sees the heaviest sell-offs, finishing trade -5.70% lower.
ENI is firmly in the red, showing a fall of 3.04%.
Leonardo is modestly down, shedding -1.44%.
DiaSorin drifts -0.77% lower.
Ferragamo (+10.97%), GVS (+10.81%), Ariston Holding (+7.64%) and Intercos (+5.72%) are among the best performing stocks in the FTSE Italia Mid Cap basket.
Danieli & C has the worst performance, closing -2.28% down.
Juventus trades negative, losing -1.59%.
Maire totters along with a modest -1.35% decline.
A sluggish day for Philogen, which drops -1%.
Among the most relevant macroeconomic data:
Thursday, 9/26/2024
9:00 AM Spain: retail sales, yearly (expected 1.9%; prev. 1.1%)
10:00 AM European Union: money supply M3, yearly (expected 2.5%; prev. 2.3%)
2:30 PM USA: gross domestic product, quarterly (expected 3%; prev. 1.4%)
2:30 PM USA: durable goods orders, monthly (expected -2.8%; prev. 9.9%)
2:30 PM USA: initial jobless claims, weekly (expected 224K units; prev. 222K units)
4:00 PM USA: pending home sales index, monthly (expected 0.9%; prev. -5.5%)
Friday, 9/27/2024
8:45 AM France: consumer price index, monthly (expected -0.7%; prev. 0.5%).
(Teleborsa) 26-09-2024 18:02