European bourses negative. Milan holds steady
(Teleborsa) - The major European markets dip into negative terrain, while Piazza Affari manages to avoid a selling spree, ending the session near the flatline. In the United States, the S&P-500 lacks direction.EUR / USD is slightly down at 1.051. Gold climbs to 2,693.4 dollars per ounce, rising +1.23%. Light Sweet Crude Oil rises +0.91% to 68.99 dollars per barrel.
The Spread crawls up 2 basis points to +107 BPs, with the Italy BTP 10-year yield at +3.2%.
Among the European indices, it's a stalemate for Frankfurt, which is trading around the flatline, London is down, with a net loss of 0.86%, and Paris is firmly in the red, showing a fall of 1.14%.
In Milan, Piazza Affari closes at previous levels, reporting a -0.1% change; similarly, the FTSE Italia All-Share trades flat, closing at 36,750 points.
The FTSE Italia Mid Cap posts marginal gains (+0.42%); the FTSE Italia Star closes sideways (-0.08%).
Banco Bpm (+1.22%), MPS Bank (+1.17%), Stellantis (+0.97%) and Amplifon (+0.93%) among the top performers in Milan.
Brunello Cucinelli has the worst performance, closing -1.32% down.
Stmicroelectronics is modestly down, shedding -1.26%.
Leonardo drifts -1.15% lower.
Unipol totters along with a modest -0.94% decline.
Digital Value (+11.78%), SOL (+7.04%), Intercos (+4.21%) and Technogym (+2.63%) are among the big players in the FTSE Italia Mid Cap index.
GVS has the worst performance, closing -3.43% down.
Tinexta trades negative, losing -2.72%.
El.En plunges -2.18%.
A sluggish day for Ascopiave, which drops -1.46%.
Among the macroeconomic rendez-vous that might have high influence on the markets:
Tuesday, 12/10/2024
8:00 AM Germany: consumer price index, yearly (expected 2.2%; prev. 2%)
8:00 AM Germany: consumer price index, monthly (expected -0.2%; prev. 0.4%)
10:00 AM Italy: industrial production, yearly (prev. -3.9%)
10:00 AM Italy: industrial production, monthly (expected -0.1%; prev. -0.3%)
2:30 PM USA: unit labour cost, quarterly (expected 1.9%; prev. 0.4%)
2:30 PM USA: productivity index, quarterly (expected 2.2%; prev. 2.5%)
Wednesday, 12/11/2024
12:50 AM Japan: producer price index, monthly (prev. 0.2%).
(Teleborsa) 12-10-2024 06:02 PM