Markets weak, but Milan avoids sell-offs
(Teleborsa) - European bourses are trading on a downward note, while Piazza Affari resists the downdraft. On Wall Street, trading remains cautious, with the S&P-500 reporting a +0.15% change.EUR / USD makes timid gains, progressing by +0.2%. Gold is up +0.79% at 2,515.3 dollars per ounce. Light Sweet Crude Oil shows a timid gain of +0.5%.
The Spread slips to +137 basis points, down -2 BPs, while the Italy 10Y BTP yield stands at +3.55%.
Among the markets of the Old Continent, Frankfurt looks composed with modest growth of +0.2%, London is stuck at the previous session's levels, and Paris totters along with a modest -0.63% decline.
The Milanese stock exchange sees no significant change with the FTSE MIB settling at 33,723 points, near the previous session's levels; similarly, no shame no gain for the FTSE Italia All-Share as it trades flat at 35,836 points.
The FTSE Italia Mid Cap eases -0.29%; similarly, the FTSE Italia Star slips a fraction (-0.34%).
Terna (+1.77%), Enel (+1.76%), ERG (+1.75%) and Snam (+1.69%) among the top performers in Milan.
Brunello Cucinelli sees the heaviest sell-offs, now trading -4.86% lower.
Ferrari plunges -2.44%.
Moncler declines by a notable -2.15%.
Tenaris is struggling, -1.96% down.
Anima Holding (+2.83%), Ferretti (+2.72%), Alerion Clean Power (+2.13%) and Acea (+1.97%) are among the best performing stocks in the FTSE Italia Mid Cap basket.
The Italian Sea Group reports the heaviest losses, currently suffering from a -10.23% down.
A black day for Sanlorenzo, which sheds -5.62%.
Technogym suffers losses of 2.65%.
Investors hurry to sell as Technoprobe declines -2.4%.
Among the macroeconomic variables of high impact:
Thursday, 9/5/2024
8:00 AM Germany: factory orders, monthly (expected -1.6%; prev. 4.6%)
11:00 AM European Union: retail sales, monthly (expected 0.1%; prev. -0.4%)
11:00 AM European Union: retail sales, yearly (expected 0.1%; prev. -0.4%)
1:30 PM USA: challenger job cuts (prev. 25.89K units)
2:15 PM USA: ADP employment change (expected 144K units; prev. 111K units)
2:30 PM USA: initial jobless claims, weekly (expected 231K units; prev. 232K units)
2:30 PM USA: unit labour cost, quarterly (expected 0.9%; prev. 3.8%).
(Teleborsa) 05-09-2024 16:00