European markets close up, Milan on the backfoot
(Teleborsa) - Europe's bourses all close on the plus side, with the exception of Milan, where stocks end on a weak note. On the US market trading is up for the S&P-500.EUR / USD trades down -0.44% in a weak session. Gold advances with a fractional gain of +0.28%. Light Sweet Crude Oil shows a strong decline (-1.5%) as it touches 69.93 dollars per barrel.
The Spread is broadly on the previous day's level as it settles at +129 basis points, while the Italy ten-year BTP is at +3.44%.
Among the European markets, Frankfurt performs modestly, showing a moderate +0.68% rise, resilient London registers a small increase of 0.36%, and Paris is basically unchanged, reporting a scant +0.1% variation.
The Milanese stock market has a weak session, with the FTSE MIB closing -0.24% down; similarly, the FTSE Italia All-Share comes under sell-off pressure as it closes at 35,807 points.
The FTSE Italia Mid Cap closes sideways (+0.05%), as the FTSE Italia Star lacks direction (-0.02%).
Among Italy's best performing large-caps, a positive performance for Ferrari, which advances by a notable +2.4%.
Stellantis's +2.29% surge cheers investors.
Hera forges ahead by +1.69%.
Snam is in positive territory with a +1.66% increase.
Unicredit has the worst performance, closing -3.32% down.
Banco Bpm is down, with a net loss of 2.59%.
Banca Popolare Sondrio is firmly in the red, showing a fall of 2.02%.
Intesa Sanpaolo trades negative, losing -1.88%.
Alerion Clean Power (+2.24%), MFE A (+2.23%), MFE B (+2.09%) and Iren (+1.91%) top the ranks of Milan's mid-caps.
Piaggio reports the heaviest losses, ending the session -8.64% down.
Tinexta plunges -3.25%.
Safilo declines by a notable -2.73%.
BFF Bank is struggling, -2.3% down.
(Teleborsa) 23-09-2024 18:02