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 1.107. Gold holds its position at 2,500.8 dollars per ounce. Light Sweet Crude Oil is largely stable at 73.58 dollars per barrel.
The Spread retreats to +140 basis points, a decline of 3 BPs, while the Italian BTP 10-year yield is +3.71%.
Among the major European bourses, stagnant Frankfurt trades to a near stalemate, London is stuck at the previous session's levels, and it's a stalemate for Paris, which is trading around the flatline.
Milan's Piazza Affari is essentially stable, with the FTSE MIB trading sideways at 34,332 points; similarly, the FTSE Italia All-Share (Milan) hovers around previous levels, trading at 36,518 points.
The FTSE Italia Mid Cap trades negative (-1%); similarly, the FTSE Italia Star spirals down (-0.97%).
Tenaris (+1.40%), Banca Mediolanum (+0.90%), Unipol (+0.63%) and Pirelli & C (+0.62%) among the best performing blue chips in Piazza Affari.
Leonardo has the worst performance, with a -7.10% down.
DiaSorin suffers losses of 2.84%.
Investors hurry to sell as Amplifon declines -1.54%.
Moncler drifts -1.41% lower.
Ariston Holding (+1.20%), Pharmanutra (+0.74%) and SOL (+0.55%) are among Italy's top mid-cap stocks.
Juventus sees the heaviest sell-offs, now trading -14.15% lower.
Fincantieri plunges -5.17%.
Ferretti nosedives by -4.89%.
Carel Industries plunges -2.78% on intense selling.
Among the macroeconomic rendez-vous that might have high influence on the markets:
Monday, 9/2/2024
2:30 AM Japan: manufacturing PMI (expected 49.5 points; prev. 49.5 points)
3:45 AM China: Caixin manufacturing PMI (expected 50 points; prev. 49.8 points)
10:00 AM European Union: manufacturing PMI (expected 45.6 points; prev. 45.6 points)
10:00 AM Italy: gross domestic product, yearly (expected 0.9%; prev. 0.7%)
10:00 AM Italy: gross domestic product, quarterly (expected 0.2%; prev. 0.3%)
11:00 AM Italy: producer price index, yearly (prev. -2.5%)
11:00 AM Italy: producer price index, monthly (prev. 0.7%).
(Teleborsa) 02-09-2024 16:00