European markets on standby
(Teleborsa) - The major European bourses are trading on a cautious note. Uncertainty and wariness also pervade Milan, where stocks cling close to the flatline.EUR / USD broadly maintains the previous session's levels, with a change of only -0.07%. Gold is essentially stable at 2,501 dollars per ounce. Oil prices are essentially stable, with Light Sweet Crude Oil trading sideways at 74.1 dollars per barrel.
The Spread remains unchanged at +140 basis points, while the Italy ten-year BTP is at +3.69%.
Among the markets of the Old Continent, Frankfurt records a fairly pedestrian increase of +0.24%, London reports no significant price changes in the absence of fresh cues, and stagnant Paris trades to a near stalemate.
The Milanese stock exchange sees no significant change with the FTSE MIB settling at 34,343 points, near the previous session's levels; similarly, the FTSE Italia All-Share is trading on a dull note, at 36,530 points, around the previous day's levels.
The FTSE Italia Mid Cap is practically unchanged (+0.05%); on the same line, the FTSE Italia Star holds the line (+0.03%).
Brunello Cucinelli (+2.96%), Moncler (+0.80%), Leonardo (+0.70%) and Tenaris (+0.60%) top the ranks of Milan's large-caps.
MPS Bank reports the heaviest losses, currently suffering from a -1.39% down.
Saipem is modestly down, shedding -0.99%.
Telecom Italia drifts -0.98% lower.
Banca Popolare Sondrio totters along with a modest -0.64% decline.
Mondadori (+1.36%), Alerion Clean Power (+1.18%), El.En (+0.80%) and Digital Value (+0.71%) are among Italy's top mid-cap stocks.
Danieli & C sees the heaviest sell-offs, now trading -3.03% lower.
A sluggish day for Tinexta, which drops -0.86%.
Ferretti trades with a small loss of -0.56%.
Tottering Pharmanutra dips -0.55%.
Among the macroeconomic rendez-vous that might have high influence on the markets:
Tuesday, 9/3/2024
3:45 PM USA: manufacturing PMI (expected 48.1 points; prev. 49.6 points)
4:00 PM USA: manufacturing ISM (expected 47.5 points; prev. 46.8 points)
Wednesday, 9/4/2024
3:45 AM China: Caixin services PMI (expected 52.1 points; prev. 52.1 points)
10:00 AM European Union: composite PMI (expected 51.2 points; prev. 50.2 points)
10:00 AM European Union: services PMI (expected 53.3 points; prev. 51.9 points)
11:00 AM European Union: producer price index, monthly (expected 0.3%; prev. 0.5%)
11:00 AM European Union: producer price index, yearly (prev. -3.2%).
(Teleborsa) 03-09-2024 09:30