Markets weak, but Milan avoids sell-offs

(Teleborsa) - European bourses are trading on a downward note, while Piazza Affari resists the downdraft.

EUR / USD broadly maintains the previous session's levels, with a change of only -0.05%. Gold trades down -0.24% in a weak session. Oil prices see no significant change, with the Light Sweet Crude Oil settling at 70.37 dollars per barrel, near the previous session's level.

The Spread slips to +118 basis points, down -2 BPs, while the Italy 10Y BTP yield stands at +3.46%.

Among the markets of the Old Continent, Frankfurt drifts -0.21% lower, London essentially treads water (-0.06%), and Paris totters along with a modest -0.48% decline.

In Milan, the FTSE MIB is largely stable, trading at 34,665 points; similarly, the FTSE Italia All-Share is trading on a dull note, at 36,792 points, around the previous day's levels.

The FTSE Italia Mid Cap holds the line (-0.06%); on the same trend direction, the FTSE Italia Star holds previous levels (-0.18%).

Saipem (+3.06%), ENI (+0.73%), Banco Bpm (+0.72%) and Unicredit (+0.56%) among the top performers in Milan.

Stellantis reports the heaviest losses, currently suffering from a -1.40% down.

A sluggish day for Campari, which drops -0.95%.

Hera trades with a small loss of -0.93%.

Tottering Interpump Group dips -0.74%.

Buzzi (+2.65%), Digital Value (+2.11%), Webuild (+1.23%) and Fincantieri (+0.81%) are among Italy's top mid-cap stocks.

Maire sees the heaviest sell-offs, now trading -2.02% lower.

Troubled Pharmanutra falls -1.8%.

Brembo is down, with a net loss of 1.64%.

Philogen is definitely weaker with a -1.45% decrease.

Among the most important macroeconomy events:

Friday, 10/25/2024
8:45 AM France: consumer confidence, monthly (expected 94 points; prev. 95 points)
9:00 AM Spain: producer price index, yearly (prev. -1.3%)
9:00 AM Spain: unemployment rate, quarterly (expected 11.4%; prev. 11.27%)
10:00 AM Germany: IFO index (expected 85.6 points; prev. 85.4 points)
10:00 AM European Union: money supply M3, yearly (expected 2.9%; prev. 2.9%)
2:30 PM USA: durable goods orders, monthly (expected -1.1%; prev. 0%)
4:00 PM USA: Michigan consumer sentiment (expected 68.9 points; prev. 70.1 points).

(Teleborsa) 10-25-2024 09:30 AM