Markets are up, Milan on the sidelines
(Teleborsa) - European bourses are trading on a bullish note, while Milan pauses near previous levels.EUR / USD holds its position at 1.057. Gold trades slightly up at 2,648.1 dollars per ounce. Light Sweet Crude Oil is on the plus side, rising +1.31%.
The Spread improves significantly, decreasing -10 basis points to +106 BPs, with the Italian 10Y BTP yield at +3.18%.
Among the major European bourses, it's a stalemate for Frankfurt, which is trading around the flatline, London is essentially healthy, gaining +0.33%, and Paris is modestly up (+0.66%).
The Milanese stock exchange sees no significant change with the FTSE MIB settling at 34,761 points, near the previous session's levels; similarly, the FTSE Italia All-Share (Milan) hovers around previous levels, trading at 36,986 points.
The FTSE Italia Mid Cap is only just in the black (+0.24%); on the same line, the FTSE Italia Star inches up +0.41%.
Tenaris (+2.85%), Moncler (+2.79%), Brunello Cucinelli (+2.27%) and Banco Bpm (+2.02%) top the ranks of Milan's large-caps.
Iveco reports the heaviest losses, currently suffering from a -3.04% down.
A sluggish day for Campari, which drops -1.4%.
Unicredit trades with a small loss of -1.3%.
Tottering Hera dips -1.19%.
Digital Value (+4.52%), Ferragamo (+2.29%), Sanlorenzo (+1.91%) and The Italian Sea Group (+1.73%) top the ranks of Milan's mid-caps.
Juventus sees the heaviest sell-offs, now trading -3.54% lower.
Investors are selling as Acea records a -1.54% fall.
OVS is definitely weaker with a -1.24% decrease.
Reply slips just under the flatline with a -0.83% decrease.
Among the macroeconomic rendez-vous that might have high influence on the markets:
Monday, 12/9/2024
12:50 AM Japan: gross domestic product, quarterly (expected 0.2%; prev. 0.5%)
12:50 AM Japan: current account (expected 2,318 Bln ¥; prev. 1,717 Bln ¥)
2:30 AM China: consumer price index, yearly (expected 0.5%; prev. 0.3%)
2:30 AM China: producer price index, yearly (expected -2.8%; prev. -2.9%)
4:00 PM USA: wholesale trade inventories, monthly (expected 0.2%; prev. -0.2%)
Tuesday, 12/10/2024
8:00 AM Germany: consumer price index, yearly (expected 2.2%; prev. 2%)
8:00 AM Germany: consumer price index, monthly (expected -0.2%; prev. 0.4%).
(Teleborsa) 12-09-2024 09:30 AM