European markets wary as Milan slides
(Teleborsa) - Piazza Affari finishes with sharp losses, sapping investor optimism on Europe's markets, which, in turn, jitter to a flat close. On the US market trading is up for the S&P-500.EUR / USD makes timid gains, progressing by +0.41%. Gold jumps +1.93% in an upbeat session. Crude oil rises in an upbeat session, with Light Sweet Crude Oil gaining as much as +2.8%.
The Spread declines to settle at +116 basis points, a reduction of 6 BPs, while the Italian BTP 10-year yield is +3.59%.
Among the major European bourses, Frankfurt reports no significant price changes in the absence of fresh cues, London is modestly up (+0.57%), and stagnant Paris trades to a near stalemate.
A day of gloom for the Borsa Italiana as the FTSE MIB drops -1.27%; similarly, the FTSE Italia All-Share loses a lot of ground as it retreats -1.16% to end at 35,904 points.
The FTSE Italia Mid Cap holds the line (+0.09%); the FTSE Italia Star slips a fraction (-0.43%).
Banco Bpm (+3.37%), Banca Popolare Sondrio (+2.40%), Bper (+2.32%) and Telecom Italia (+2.09%) among the best performing blue chips in Piazza Affari.
DiaSorin reports the heaviest losses, ending the session -2.57% down.
Interpump Group declines by a notable -2.47%.
Stmicroelectronics is struggling, -2.09% down.
Enel trades with a small loss of -1.31%.
El.En (+4.48%), Digital Value (+4.12%), BFF Bank (+3.96%) and Carel Industries (+3.88%) are among Italy's top mid-cap stocks.
GVS reports the heaviest losses, ending the session -10.34% down.
Intercos suffers losses of 3.40%.
Investors hurry to sell as Ferretti declines -2.49%.
OVS plunges -2.03% on intense selling.
Among the macroeconomic rendez-vous that might have high influence on the markets:
Monday, 11/18/2024
12:50 AM Japan: core machinery orders, monthly (expected 1.4%; prev. -1.9%)
11:00 AM European Union: Trade balance (expected 7.9 Bln Euro; prev. 4.1 Bln Euro)
4:00 PM USA: NAHB housing market index (expected 42 points; prev. 43 points)
Tuesday, 11/19/2024
11:00 AM European Union: Prezzi Consumo Ex Tabacco, yearly (prev. 1.6%)
11:00 AM European Union: consumer price index, yearly (expected 2%; prev. 1.7%)
11:00 AM European Union: consumer price index, monthly (expected 0.3%; prev. -0.1%)
2:30 PM USA: housing starts (expected 1.34 Mln units; prev. 1.35 Mln units).
(Teleborsa) 11-18-2024 06:02 PM