European bourses flatline. Milan in the red
(Teleborsa) - The Milanese stock exchange trades negative, while markets elsewhere in Europe cling to the flatline.EUR / USD trades fractionally lower in this session, shedding -0.24% so far. Caution prevails as gold continues the session slightly lower (-0.72%). Light Sweet Crude Oil loses a lot of ground, retracing by -1.29% to trade at 71.43 dollars per barrel.
The Spread retreats slightly to +128 basis points, down -2 BPs, while the Italy BTP 10-year yield stands at +3.67%.
Among the European markets, Frankfurt is stuck at the previous session's levels, it's a stalemate for London, which is trading around the flatline, and Paris drifts -0.22% lower.
The Milanese stock exchange is trading just below the flatline (-0.61%); similarly, the FTSE Italia All-Share is in retreat at 35,926 points.
The FTSE Italia Mid Cap eases -0.33%; similarly, the FTSE Italia Star slips a fraction (-0.58%).
Pirelli & C (+3.10%), A2A (+1.08%), DiaSorin (+1.06%) and Unipol (+0.92%) top the ranks of Milan's large-caps.
Iveco sees the heaviest sell-offs, now trading -5.18% lower.
Azimut is down, with a net loss of 2.99%.
Moncler is firmly in the red, showing a fall of 2.53%.
Stellantis trades negative, losing -2.26%.
Technoprobe (+2.27%), BFF Bank (+1.18%), LU-VE Group (+1.11%) and Caltagirone (+0.98%) are among the big players in the FTSE Italia Mid Cap index.
Safilo reports the heaviest losses, currently suffering from a -4.53% down.
D'Amico plunges -3.49%.
Banca Ifis declines by a notable -2.66%.
Ferragamo is struggling, -2.43% down.
Among the most relevant macroeconomic data:
Friday, 11/8/2024
12:30 AM Japan: real household consumption expenditure, monthly (expected -0.7%; prev. 2%)
8:45 AM France: current account (prev. -1.2 Bln Euro)
10:00 AM Italy: industrial production, yearly (prev. -3.2%)
10:00 AM Italy: industrial production, monthly (expected -0.4%; prev. 0.1%)
12:00 PM Italy: retail sales, yearly (prev. 0.8%)
12:00 PM Italy: retail sales, monthly (expected 0.2%; prev. -0.5%)
4:00 PM USA: Michigan consumer sentiment (expected 71 points; prev. 70.5 points).
(Teleborsa) 11-08-2024 09:30 AM