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. In New York, the S&P-500 trades neutral.EUR / USD trades slightly up at 1.113. Gold advances with a fractional gain of +0.33%. A day of solid gains for Light Sweet Crude Oil, which is up +2.47%.
The Spread between the Italian BTP and German Bund yields decreases, settling at +130 basis points, with the 10-year BTP yield at +3.42%.
Among the major European bourses, Frankfurt slips just under the flatline with a -0.24% decrease, London is basically unchanged, reporting a scant +0.12% variation, and Paris trades firm at -0.07%.
The Milanese stock market is moving sideways, with the FTSE MIB registering a -0.11% change; similarly, the FTSE Italia All-Share (Milan) hovers around previous levels, trading at 35,646 points.
The FTSE Italia Mid Cap hovers just below the flatline (-0.26%); on the same line, the FTSE Italia Star is below the flatline, slipping -0.54%.
Saipem (+4.64%), Unipol (+3.95%), Generali (+2.26%) and Italgas (+1.14%) among the best performing blue chips in Piazza Affari.
Stmicroelectronics has the worst performance, with a -3.01% down.
Ferrari contracts moderately by -1.46%.
Amplifon is subdued, shedding -1.34%.
Campari falls just below its previous value.
El.En (+3.18%), D'Amico (+2.21%), SOL (+1.38%) and OVS (+1.31%) are among Italy's top mid-cap stocks.
Ferretti reports the heaviest losses, currently suffering from a -2.83% down.
Cembre is down, with a net loss of 2.49%.
Tinexta is firmly in the red, showing a fall of 2.41%.
Juventus trades negative, losing -2.12%.
Among the macroeconomic rendez-vous that might have high influence on the markets:
Monday, 9/16/2024
10:00 AM Italy: consumer price index, monthly (expected 0.2%; prev. 0.4%)
10:00 AM Italy: consumer price index, yearly (expected 1.1%; prev. 1.3%)
11:00 AM European Union: unit labour cost, yearly (prev. 5%)
11:00 AM European Union: Trade balance (expected 14.9 Bln Euro; prev. 21.7 Bln Euro)
2:30 PM USA: NY Empire State manufacturing index (expected -4.1 points; prev. -4.7 points)
Tuesday, 9/17/2024
6:30 AM Japan: services index, monthly (expected 0.8%; prev. -1.3%)
11:00 AM Germany: ZEW economic sentiment (expected 17.2 points; prev. 19.2 points).
(Teleborsa) 16-09-2024 16:00