European equity in the red. Milan also down
(Teleborsa) - It looks like a gloomy day for Piazza Affari and Europe's other major bourses.EUR / USD holds its position at 1.118. Gold is on the plus side, showing a +0.79% increase. Light Sweet Crude Oil is firmly in the red as it tumbles -0.43% to trade at 70.85 dollars per barrel.
The Spread improves, shedding -3 basis points to settle at +129 BPs, while the Italian 10-year BTP yield is at +3.46%.
Among the European markets, troubled Frankfurt falls -0.84%, London contracts moderately by -0.56%, and Paris is subdued, shedding -0.51%.
The Milan stock market looks weak, with the FTSE MIB trading -0.47% lower; similarly, the FTSE Italia All-Share is trading just below the previous session's levels, at 36,032 points.
The FTSE Italia Mid Cap descends -0.74%; on the same line, the FTSE Italia Star is slightly lower (-0.42%).
Terna (+0.66%), Italgas (+0.66%) and Snam (+0.58%) among the top performers in Milan.
Moncler has the worst performance, with a -3.16% down.
Stellantis is down, with a net loss of 3.07%.
Iveco is firmly in the red, showing a fall of 3.03%.
Brunello Cucinelli trades negative, losing -2.96%.
Alerion Clean Power (+0.96%) and Sanlorenzo (+0.57%) top the ranks of Milan's mid-caps.
OVS has the worst performance, with a -4.73% down.
Ferragamo plunges -2.93%.
MFE B declines by a notable -2.72%.
Lottomatica is struggling, -2.15% down.
Among the macroeconomic variables of high impact:
Friday, 9/20/2024
1:30 AM Japan: consumer price index, yearly (prev. 2.8%)
8:00 AM Germany: producer price index, yearly (expected -1%; prev. -0.8%)
8:00 AM Germany: producer price index, monthly (expected 0%; prev. 0.2%)
8:00 AM United Kingdom: retail sales, yearly (expected 1.4%; prev. 1.5%)
8:00 AM United Kingdom: retail sales, monthly (expected 0.3%; prev. 0.7%)
4:00 PM European Union: consumer confidence (expected -13 points; prev. -13.5 points)
Monday, 9/23/2024
10:00 AM European Union: composite PMI (prev. 51 points).
(Teleborsa) 20-09-2024 09:30