European bourses hold the line
(Teleborsa) - On the Old Continent, the major stock markets remain wary. Investors also show caution in Milan, where the market is flatlining. On Wall Street, the S&P-500 trades marginally lower, shedding -0.24%.EUR / USD trades fractionally lower in this session, shedding -0.29% so far. Gold trades down -0.24% in a weak session. Light Sweet Crude Oil rises +1.16% to 69.96 dollars per barrel.
The Spread flatlines, remaining at +138 basis points, while the Italian ten-year BTP is at +3.57%.
Among the European indices, tottering Frankfurt dips -0.2%, London reports no significant price changes in the absence of fresh cues, and stagnant Paris trades to a near stalemate.
Milan's Piazza Affari is essentially stable, with the FTSE MIB trading sideways at 33,687 points; similarly, the FTSE Italia All-Share bounces around the flatline, trading at 35,814 points.
The FTSE Italia Mid Cap holds previous levels (0%); the FTSE Italia Star is only just in the black (+0.24%).
A2A (+1.84%), Hera (+1.65%), Ferrari (+1.07%) and Enel (+0.96%) among the top performers in Milan.
Italgas reports the heaviest losses, currently suffering from a -2.61% down.
Stmicroelectronics is definitely weaker with a -1.46% decrease.
Unipol slips just under the flatline with a -1.44% decrease.
Telecom Italia contracts moderately by -1.42%.
The Italian Sea Group (+3.86%), Pharmanutra (+2.23%), Anima Holding (+1.81%) and Acea (+1.58%) top the ranks of Milan's mid-caps.
Ferretti sees the heaviest sell-offs, now trading -3.42% lower.
Investors hurry to sell as Danieli & C declines -2.38%.
Brembo plunges -2.22% on intense selling.
Investors are selling as Ferragamo records a -2.18% fall.
Among the macroeconomic rendez-vous that might have high influence on the markets:
Friday, 9/6/2024
1:30 AM Japan: real household consumption expenditure, monthly (expected -0.2%; prev. 0.1%)
8:00 AM Germany: industrial production, monthly (expected -0.4%; prev. 1.7%)
8:00 AM Germany: Trade balance (expected 21 Bln Euro; prev. 20.4 Bln Euro)
8:00 AM Germany: industrial production, yearly (prev. -3.92%)
8:45 AM France: current account (prev. -2.5 Bln Euro)
8:45 AM France: industrial production, monthly (expected -0.3%; prev. 0.8%)
10:00 AM Italy: retail sales, yearly (prev. -1%).
(Teleborsa) 06-09-2024 16:00