European bourses in the red. Milan comes out bottom
(Teleborsa) - Europe's stock markets are trading on the minus side of the ledger, while Milan is weighed down by even heavier losses. On Wall Street, the S&P-500 hovers around the flatline.EUR / USD creeps higher, showing a +0.26% rise. A day of solid gains for gold, which records a +1.84% rise. Light Sweet Crude Oil gains +1.84% amid a flurry of buy orders.
The Spread goes down to +118 basis points, shrinking -4 BPs, while the Italian 10-year BTP yield is at +3.6%.
Among the European markets, tottering Frankfurt dips -0.44%, stagnant London trades to a near stalemate, and Paris is definitely weaker with a -0.2% decrease.
In Milan, the FTSE MIB tumbles -1.73%, finishing deep in the doldrums at 33,600 points; similarly, a day to forget for the FTSE Italia All-Share as it retreats -1.61% to trade at 35,743 points.
The FTSE Italia Mid Cap hovers just below the flatline (-0.35%); similarly, the FTSE Italia Star is below the flatline, slipping -0.59%.
Banco Bpm (+2.29%), Bper (+2.26%), Telecom Italia (+1.58%) and Banca Popolare Sondrio (+1.00%) among the top performers in Milan.
Stmicroelectronics has the worst performance, with a -2.48% down.
DiaSorin is down, with a net loss of 2.24%.
Interpump Group is firmly in the red, showing a fall of 2.14%.
Iveco trades negative, losing -1.71%.
Digital Value (+3.66%), BFF Bank (+3.48%), Moltiply Group (+3.12%) and El.En (+3.10%) are among the best performing stocks in the FTSE Italia Mid Cap basket.
GVS sees the heaviest sell-offs, now trading -9.48% lower.
Fincantieri plunges -3.07%.
Intercos declines by a notable -2.97%.
Ferretti is struggling, -2.84% down.
Among the most important macroeconomy events:
Monday, 11/18/2024
12:50 AM Japan: core machinery orders, monthly (expected 1.4%; prev. -1.9%)
11:00 AM European Union: Trade balance (expected 7.9 Bln Euro; prev. 4.1 Bln Euro)
4:00 PM USA: NAHB housing market index (expected 42 points; prev. 43 points)
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).
(Teleborsa) 11-18-2024 04:00 PM