Markets positive, Milan falls behind
(Teleborsa) - The European bourses end the session firmly up, but Piazza Affari misses out on the European updraft and closes near previous levels. Meanwhile, on the New York Stock Exchange the S&P-500 is up +1.24%.EUR / USD is essentially stable at previous levels, finishing at 1.086. Gold is up +0.88% at 2,385.6 dollars per ounce. A day to forget for Light Sweet Crude Oil as it retraces -1.71% to trade at 76.94 dollars per barrel.
The Spread is at +138 basis points, near the previous day's level, while the ten-year BTP settles at +3.75%.
Among the European indices, Frankfurt makes fairly pedestrian progress (+0.65%), London forges ahead by +1.21%, and Paris is in positive territory with a +1.22% increase.
The Borsa Italiana closes flat, with the FTSE MIB settling at 33,812 points; similarly, the FTSE Italia All-Share (Milan) hovers around previous levels, closing at 36,035 points.
The FTSE Italia Mid Cap is moderately up (+0.61%); similarly, the FTSE Italia Star is only just in the black (+0.64%).
ENI (+3.34%), Brunello Cucinelli (+3.14%), Leonardo (+3.05%) and Interpump Group (+2.45%) among the top performers in Milan.
Saipem reports the heaviest losses, ending the session -4.17% down.
Stmicroelectronics suffers a -3.87% decline.
Investors are selling as Stellantis records a -3.05% fall.
Banco Bpm totters along with a modest -1.33% decline.
LU-VE Group (+4.99%), Pharmanutra (+4.09%), Piaggio (+3.50%) and The Italian Sea Group (+2.50%) are among Italy's top mid-cap stocks.
Zignago Vetro sees the heaviest sell-offs, finishing trade -7.85% lower.
Tinexta plunges -6.5%.
Ariston Holding nosedives by -5.93%.
A sluggish day for D'Amico, which drops -1.33%.
Among the macroeconomic rendez-vous that might have high influence on the markets:
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 06:02 PM