European bourses flatline. Milan in the red
(Teleborsa) - The Milanese stock exchange trades negative, while markets elsewhere in Europe cling to the flatline. On Wall Street the S&P-500 is basically stagnant, posting a paltry +0.06% change.EUR / USD advances with a fractional gain of +0.38%. Gold is in positive terrain, earning +1.13%. Light Sweet Crude Oil enjoys a positive session, gaining +0.82%.
The Spread steps up to add 3 basis points, reaching +156 BPs, with the BTP 10-year yield at +4.01%.
Among the European indices, Frankfurt performs modestly, showing a moderate +0.37% rise, it's a stalemate for London, which is trading around the flatline, and Paris totters along with a modest -0.51% decline.
Caution prevails in Milan as the FTSE MIB registers a marginal drop of -0.58%, extending its bearish run of three consecutive declines, which started last Tuesday; similarly, the FTSE Italia All-Share loses -0.52% to trade at 35,533 points.
The FTSE Italia Mid Cap is practically unchanged (+0.05%); on the same trend direction, the FTSE Italia Star holds the line (+0.1%).
Among Italy's best performing large-caps, Brunello Cucinelli boasts a +3.96% increase as investors scramble to get their hands on shares.
Saipem is in good shape, advancing +2.4%.
Resilient ENI registers a small increase of 1.24%.
Amplifon advances +1.03%.
Campari has the worst performance, with a -3.78% down.
Stellantis is down, with a net loss of 3.03%.
Recordati is firmly in the red, showing a fall of 2.34%.
Italgas trades negative, losing -1.75%.
SOL (+2.33%), CIR (+2.27%), D'Amico (+2.25%) and Danieli & C (+2.12%) are among the big players in the FTSE Italia Mid Cap index.
Ferragamo sees the heaviest sell-offs, now trading -9.32% lower.
Ariston Holding plunges -3.02%.
Alerion Clean Power declines by a notable -3%.
Ascopiave is struggling, -2.6% down.
Among the most important macroeconomy events:
Thursday, 6/27/2024
1:50 AM Japan: retail sales, yearly (expected 2%; prev. 2%)
9:00 AM Spain: retail sales, monthly (prev. 0.8%)
9:00 AM Spain: retail sales, yearly (prev. 0.3%)
10:00 AM European Union: money supply M3, yearly (expected 1.5%; prev. 1.3%)
11:00 AM European Union: business confidence (expected -9.6 points; prev. -9.9 points)
11:00 AM European Union: economic sentiment (expected 96.2 points; prev. 96.1 points)
11:00 AM European Union: consumer confidence (expected -14 points; prev. -14.3 points).
(Teleborsa) 06-27-2024 04:00 PM