Markets on standby. Piazza Affari in good shape
(Teleborsa) - Caution prevails today on the European markets. However, the Milan stock market's performance is excellent, in striking contrast to the rest of Europe. A positive result for the US bourse, where the S&P-500 boasts a +0.64% rise.EUR / USD holds its position at 1.107. Gold is just below the flatline as it slips -0.22%. Light Sweet Crude Oil is firmly in the red as it tumbles -2.57% to trade at 73.96 dollars per barrel.
The Spread flatlines, remaining at +142 basis points, while the Italian ten-year BTP is at +3.67%.
Among the European indices, Frankfurt trades largely sideways, London reports no significant price changes in the absence of fresh cues, and stagnant Paris trades to a near stalemate.
Milan is trading slightly higher, with the FTSE MIB advancing to 34,392 points, consolidating after four consecutive days of gains, which began last Tuesday; similarly, the FTSE Italia All-Share nudges up to 36,603 points.
The FTSE Italia Mid Cap is up +0.83%; on the same trend direction, the FTSE Italia Star climbs +0.81%.
Banca Popolare Sondrio (+2.43%), Bper (+2.35%), Iveco (+2.06%) and ERG (+1.74%) among the top performers in Milan.
DiaSorin reports the heaviest losses, currently suffering from a -1.14% down.
A sluggish day for ENI, which drops -1.03%.
Saipem trades with a small loss of -0.98%.
Tottering Amplifon dips -0.68%.
Juventus (+7.94%), Ferretti (+5.25%), Pharmanutra (+4.64%) and Cembre (+3.10%) are among the big players in the FTSE Italia Mid Cap index.
Comer Industries sees the heaviest sell-offs, now trading -1.52% lower.
Philogen is definitely weaker with a -1.4% decrease.
Lottomatica slips just under the flatline with a -0.51% decrease.
Among the macroeconomic rendez-vous that might have high influence on the markets:
Friday, 8/30/2024
1:30 AM Japan: unemployment rate (expected 2.5%; prev. 2.5%)
1:50 AM Japan: industrial production, monthly (expected 3.6%; prev. -4.2%)
1:50 AM Japan: retail sales, yearly (expected 2.8%; prev. 3.8%)
7:30 AM France: employment, quarterly (expected 0%; prev. 0%)
8:45 AM France: consumer price index, yearly (expected 1.8%; prev. 2.3%)
8:45 AM France: consumer price index, monthly (expected 0.5%; prev. 0.2%)
8:45 AM France: gross domestic product, quarterly (expected 0.3%; prev. 0.2%).
(Teleborsa) 30-08-2024 16:00