Markets are up, Milan on the sidelines

(Teleborsa) - European bourses are trading on a bullish note, while Milan pauses near previous levels. Gains on the US stock market as the S&P-500 records a +0.89% rise.

EUR / USD is essentially stable, finishing at 1.086. Gold is up +0.74% at 2,382.4 dollars per ounce. Light Sweet Crude Oil slides -1.31% to 77.25 dollars per barrel.

The Spread remains unchanged at +138 basis points, while the Italy ten-year BTP is at +3.76%.

Among the major European bourses, resilient Frankfurt registers a small increase of 0.42%, London's +1.11% surge cheers investors, and Paris forges ahead by +1.02%.

Milan's Piazza Affari is essentially stable, with the FTSE MIB trading sideways at 33,795 points; similarly, the FTSE Italia All-Share bounces around the flatline, trading at 36,004 points.

The FTSE Italia Mid Cap trades moderately higher (+0.42%); similarly, the FTSE Italia Star is only just in the black (+0.51%).

ENI (+4.15%), Leonardo (+3.20%), Brunello Cucinelli (+2.55%) and Interpump Group (+2.09%) among the best performing blue chips in Piazza Affari.

Stmicroelectronics sees the heaviest sell-offs, now trading -3.21% lower.

Stellantis trades negative, losing -2.81%.

MPS Bank plunges -1.78%.

Tottering Banco Bpm dips -1.36%.

Webuild (+3.38%), Pharmanutra (+3.23%), Sanlorenzo (+2.95%) and GVS (+2.81%) are among the best performing stocks in the FTSE Italia Mid Cap basket.

Zignago Vetro sees the heaviest sell-offs, now trading -5.76% lower.

A dramatic session for Tinexta, which suffers a -5.47% collapse.

Ariston Holding suffers a -4.71% decline.

Banca Generali declines by a notable -1.92%.

Among the macroeconomic variables of high impact:

Friday, 7/26/2024
8:45 AM France: consumer confidence, monthly (expected 90 points; prev. 90 points)
9:00 AM Spain: retail sales, yearly (prev. 0.2%)
9:00 AM Spain: unemployment rate, quarterly (expected 11.4%; prev. 12.29%)
2:30 PM USA: personal spending, monthly (expected 0.3%; prev. 0.4%)
2:30 PM USA: personal income, monthly (expected 0.4%; prev. 0.4%)
4:00 PM USA: Michigan consumer sentiment (expected 66 points; prev. 68.2 points)

Tuesday, 7/30/2024
1:30 AM Japan: unemployment rate (prev. 2.6%).

(Teleborsa) 07-26-2024 04:00 PM