European equity closes in the red. Milan also down
(Teleborsa) - A gloomy day for Piazza Affari and Europe's other major bourses. Wall Street sees the S&P-500 move up a notch, registering an increase of 0.29%.EUR / USD is essentially stable, finishing at 1.08. Gold trades up, advancing to 2,770.9 dollars per ounce. Light Sweet Crude Oil loses -0.21%, changing hands at 67.24 dollars per barrel.
The Spread sees substantial appreciation, rising by 11 basis points to settle at +129 BPs, while the Italy 10Y BTP yield is at +3.56%.
Among the major European bourses, Frankfurt drifts -0.27% lower, London declines by a notable -0.8%, and Paris totters along with a modest -0.61% decline.
The Milanese stock market has a weak session, with the FTSE MIB closing -0.26% down; similarly, the FTSE Italia All-Share finishes below the flatline, at 37,049 points.
The FTSE Italia Mid Cap finishes just below the flatline (-0.43%); similarly, the FTSE Italia Star slips below the flatline with a drop of -0.34%.
Tenaris (+1.68%), Stmicroelectronics (+1.60%), Intesa Sanpaolo (+1.18%) and Bper (+0.93%) among the top performers in Milan.
Stellantis sees the heaviest sell-offs, finishing trade -2.41% lower.
ERG is struggling, -2.2% down.
Moncler suffers losses of 1.85%.
Investors hurry to sell as Pirelli & C declines -1.78%.
Digital Value (+5.49%), Moltiply Group (+3.15%), Carel Industries (+2.88%) and Cembre (+1.97%) are among the best performing stocks in the FTSE Italia Mid Cap basket.
BFF Bank has the worst performance, closing -5.01% down.
MFE A plunges -2.27% on intense selling.
Investors are selling as Ferragamo records a -2.24% fall.
El.En shows a negative session -2.2% down.
Among the macroeconomic rendez-vous that might have high influence on the markets:
Tuesday, 10/29/2024
12:30 AM Japan: unemployment rate (expected 2.5%; prev. 2.5%)
1:30 PM USA: wholesale trade inventories, monthly (expected 0.2%; prev. 0.1%)
2:00 PM USA: S&P Case-Shiller, yearly (expected 4.9%; prev. 5.9%)
2:00 PM USA: FHFA house price, monthly (expected 0.1%; prev. 0.2%)
3:00 PM USA: consumer confidence, monthly (expected 99.5 points; prev. 99.2 points)
Wednesday, 10/30/2024
7:30 AM France: gross domestic product, quarterly (expected 0.3%; prev. 0.2%)
9:00 AM Spain: consumer price index, yearly (expected 1.7%; prev. 1.5%).
(Teleborsa) 10-29-2024 06:02 PM