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 down -0.55% in a weak session. Gold holds its position at 2,622 dollars per ounce. Light Sweet Crude Oil is largely stable at 71.11 dollars per barrel.
The Spread puts on 2 basis points to +132 BPs, with the Italy Government Bond 10-year yield at +3.45%.
Among the European indices, Frankfurt edges higher, showing an increase of 0.52%, London is essentially flat, offering a scant -0.14%, and Paris drifts -0.32% lower.
The Milanese stock exchange is trading just below the flatline (-0.26%); similarly, the FTSE Italia All-Share is in retreat at 35,799 points.
The FTSE Italia Mid Cap holds previous levels (-0.16%); on the same trend direction, the FTSE Italia Star trades sideways (-0.06%).
Among Italy's best performing large-caps, Ferrari secures a tidy +2.5% gain.
Amplifon rises +1.54% on positive cues.
Hera is in good fettle with a +1.52% increase.
A positive result for Snam, which inches up +1.44%.
Unicredit has the worst performance, with a -2.51% down.
ENI plunges -2.34% on intense selling.
Investors are selling as Banco Bpm records a -1.83% fall.
Brunello Cucinelli shows a negative session -1.8% down.
MFE B (+4.13%), MFE A (+3.80%), Alerion Clean Power (+1.99%) and Iren (+1.61%) are among the big players in the FTSE Italia Mid Cap index.
Piaggio reports the heaviest losses, currently suffering from a -8.11% down.
Troubled BFF Bank falls -1.93%.
Comer Industries is down, with a net loss of 1.76%.
Intercos is firmly in the red, showing a fall of 1.68%.
Among the most relevant macroeconomic data:
Monday, 9/23/2024
10:00 AM European Union: composite PMI (expected 50.6 points; prev. 51 points)
10:00 AM European Union: manufacturing PMI (expected 45.7 points; prev. 45.8 points)
10:00 AM European Union: services PMI (expected 52.3 points; prev. 52.9 points)
3:45 PM USA: composite PMI (prev. 54.6 points)
3:45 PM USA: services PMI (expected 55.3 points; prev. 55.7 points)
3:45 PM USA: manufacturing PMI (expected 48.6 points; prev. 47.9 points)
Tuesday, 9/24/2024
2:30 AM Japan: manufacturing PMI (expected 49.9 points; prev. 49.5 points).
(Teleborsa) 23-09-2024 13:00