Europe reined in
(Teleborsa) - Just like the other major markets in Europe, the Milan stock exchange is going nowhere.EUR / USD is essentially stable at previous levels, finishing at 1.082. Gold trades fractionally lower in this session, shedding -0.52% so far. Light Sweet Crude Oil slumps -6.15% to land at 67.37 dollars per barrel.
The Spread retreats to +119 basis points, a decline of 4 BPs, while the Italian BTP 10-year yield is +3.49%.
Among the European indices, Frankfurt drifts -0.25% lower, London totters along with a modest -0.34% decline, and lacklustre Paris registers almost no change against the previous trading session.
Milan's Piazza Affari is essentially stable, with the FTSE MIB trading sideways at 34,748 points; similarly, the FTSE Italia All-Share is trading flat at 36,881 points.
The FTSE Italia Mid Cap trades moderately higher (+0.21%); the FTSE Italia Star is practically unchanged (+0.12%).
Among Italy's best performing large-caps, Nexi looks composed with modest growth of +1.09%.
Recordati performs modestly, showing a moderate +1.02% rise.
Resilient DiaSorin registers a small increase of 0.83%.
Terna advances +0.82%.
ENI has the worst performance, with a -2.61% down.
Investors hurry to sell as Iveco declines -1.84%.
A sluggish day for Saipem, which drops -1.01%.
Tenaris trades with a small loss of -0.84%.
Maire (+2.73%), Technogym (+2.65%), Alerion Clean Power (+2.05%) and Buzzi (+1.64%) are among Italy's top mid-cap stocks.
Danieli & C has the worst performance, with a -1.72% down.
Tottering Digital Value dips -1.18%.
D'Amico is definitely weaker with a -1.14% decrease.
Ariston Holding slips just under the flatline with a -1.14% decrease.
Among the macroeconomic variables of high impact:
Monday, 10/28/2024
9:00 AM Spain: retail sales, yearly (prev. 2.4%)
Tuesday, 10/29/2024
12:30 AM Japan: unemployment rate (expected 2.5%; prev. 2.5%)
1:30 PM USA: wholesale trade inventories, monthly (expected 0.2%; prev. 0.1%)
2:00 PM USA: S&P Case-Shiller, yearly (prev. 5.9%)
2:00 PM USA: FHFA house price, monthly (prev. 0.1%)
2:00 PM USA: FHFA house price, monthly (expected 0.2%; prev. 0.1%)
3:00 PM USA: consumer confidence, monthly (prev. 98.7 points).
(Teleborsa) 10-28-2024 01:00 PM