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 holds its position at 1.059. Gold advances with a fractional gain of +0.34%. Light Sweet Crude Oil meanders around the flatline, settling at 69.03 dollars per barrel.
The Spread jumps to +119 basis points, an increase of 3 BPs, with the Italy BTP 10Y yield at +3.52%.
Among the European indices, a sluggish day for Frankfurt, which drops -0.27%, London records a fairly pedestrian increase of +0.24%, and Paris is essentially flat, offering a scant -0.14%.
Piazza Affari slips fractionally as the FTSE MIB sheds -0.54%, continuing its downward trajectory that has seen three consecutive drops since last Friday; similarly, the FTSE Italia All-Share is slightly down, trading just below the flatline at 35,725 points.
The FTSE Italia Mid Cap trades sideways (-0.07%); on the same line, the FTSE Italia Star lacks direction (+0.01%).
Among Italy's best performing large-caps, Recordati is only just in the black as it climbs a scant +0.9%.
Snam lacks momentum in this session, reflected in a moderate gain of 0.88%.
DiaSorin makes fairly pedestrian progress (+0.81%).
Hera looks composed with modest growth of +0.65%.
Banca Popolare Sondrio has the worst performance, with a -2.22% down.
Banco Bpm is firmly in the red, showing a fall of 1.78%.
Iveco trades negative, losing -1.56%.
Leonardo trades with a small loss of -1.41%.
Digital Value (+2.64%), D'Amico (+2.14%), The Italian Sea Group (+1.89%) and Reply (+1.71%) are among the big players in the FTSE Italia Mid Cap index.
Ferragamo sees the heaviest sell-offs, now trading -1.54% lower.
Tottering Tinexta dips -1.43%.
Intercos is definitely weaker with a -1.32% decrease.
De'Longhi slips just under the flatline with a -1.04% decrease.
Among the macroeconomic rendez-vous that might have high influence on the markets:
Tuesday, 11/19/2024
11:00 AM European Union: Prezzi Consumo Ex Tabacco, yearly (prev. 1.6%)
11:00 AM European Union: consumer price index, yearly (expected 2%; prev. 1.7%)
11:00 AM European Union: consumer price index, monthly (expected 0.3%; prev. -0.1%)
2:30 PM USA: housing starts (expected 1.34 Mln units; prev. 1.35 Mln units)
2:30 PM USA: buildings permits (expected 1.44 Mln units; prev. 1.43 Mln units)
Wednesday, 11/20/2024
12:50 AM Japan: Trade balance (expected 360.4 Bln ¥; prev. -294.3 Bln ¥)
8:00 AM Germany: producer price index, yearly (prev. -1.4%).
(Teleborsa) 11-19-2024 09:30 AM