Markets of the Old Continent are all positive
(Teleborsa) - A rush of buy orders hits the European stock markets as Piazza Affari closes on the same positive note as the Old Continent bourses. Meanwhile in the US market the S&P-500 fluctuates around the flatline.There is no significant change for EUR / USD which, at 1.052, is traded around previous levels. Gold makes timid gains, progressing by +0.26%. Light Sweet Crude Oil is on the plus side, rising +1.07%.
The Spread touches +120 basis points, a 3 BPs increase over its previous level, with the Italy BTP 10Y yield at +3.24%.
Among the markets of the Old Continent, Frankfurt reports no significant price changes in the absence of fresh cues, London records a fairly pedestrian increase of +0.6%, and stagnant Paris trades to a near stalemate.
The Milanese stock exchange looks bullish, with the FTSE MIB advancing to 33,766 points, consolidating after four consecutive days of gains, which began last Thursday; similarly, the FTSE Italia All-Share sees an increase of +0.82%.
The FTSE Italia Mid Cap is trading just above the flatline (+0.5%); similarly, the FTSE Italia Star gains marginally (+0.37%).
Banca Popolare Sondrio (+5.57%), Prysmian (+2.03%), Unicredit (+1.73%) and Stellantis (+1.69%) among the top performers in Milan.
Nexi reports the heaviest losses, currently suffering from a -2.74% down.
Stmicroelectronics is down, with a net loss of 1.87%.
Italgas is firmly in the red, showing a fall of 1.71%.
Azimut is modestly down, shedding -0.96%.
Ferragamo (+6.03%), Digital Value (+4.66%), GVS (+3.33%) and Buzzi (+2.93%) top the ranks of Milan's mid-caps.
The Italian Sea Group reports the heaviest losses, currently suffering from a -3.48% down.
Pharmanutra trades negative, losing -2.68%.
Carel Industries plunges -2.19%.
Tinexta drifts -1.27% lower.
Among the macroeconomic rendez-vous that might have high influence on the markets:
Wednesday, 12/4/2024
3:45 AM China: Caixin services PMI (expected 52.5 points; prev. 52 points)
10:00 AM European Union: composite PMI (expected 48.1 points; prev. 50 points)
11:00 AM European Union: producer price index, yearly (prev. -3.4%)
11:00 AM European Union: producer price index, monthly (expected 0.4%; prev. -0.6%)
2:15 PM USA: ADP employment change (expected 166K units; prev. 233K units)
3:45 PM USA: composite PMI (expected 55.3 points; prev. 54.1 points)
3:45 PM USA: services PMI (expected 57 points; prev. 55 points).
(Teleborsa) 12-03-2024 04:00 PM