Markets weak, but Milan avoids sell-offs
(Teleborsa) - European bourses close the trading session on a downward note, while Piazza Affari resists the downdraft. Wall Street is riding a wave of uncertainty as the S&P-500 posts a timid -0.14% change.EUR / USD creeps higher, showing a +0.33% rise. Gold is essentially stable at previous levels, finishing at 2,579.8 dollars per ounce. Light Sweet Crude Oil rises +1.82% to 69.9 dollars per barrel.
The Spread retraces its steps, dipping -1.5% to +131 basis points, while the Italy 10-year BTP yield is at +3.4%.
Among the markets of the Old Continent, Frankfurt falls just below its previous value, lacklustre London registers almost no change against the previous trading session, and Paris is sluggish, declining marginally (-0.21%).
In Milan, Piazza Affari closes at previous levels, reporting a 0% change; similarly, the FTSE Italia All-Share trades flat, closing at 35,685 points.
The FTSE Italia Mid Cap finishes just below the flatline (-0.27%); on the same line, the FTSE Italia Star slips below the flatline with a drop of -0.63%.
Among Italy's best performing large-caps, an ebullient Unipol is up +6.37%.
Saipem sparkles, managing to pull off a +4.94% increase.
Generali stands out, progressing +3.22%.
Telecom Italia performs modestly, showing a moderate +1.3% rise.
Stmicroelectronics sees the heaviest sell-offs, finishing trade -3.36% lower.
Campari plunges -2.56% on intense selling.
Investors are selling as Ferrari records a -2.02% fall.
Amplifon is modestly down, shedding -1.41%.
El.En (+3.28%), OVS (+2.04%), D'Amico (+2.04%) and SOL (+1.84%) are among Italy's top mid-cap stocks.
Technoprobe reports the heaviest losses, ending the session -4.11% down.
Ferretti shows a negative session -3.21% down.
Troubled Juventus falls -2.92%.
Tinexta is down, with a net loss of 2.73%.
Among the most important macroeconomy events:
Monday, 9/16/2024
10:00 AM Italy: consumer price index, monthly (expected 0.2%; prev. 0.4%)
10:00 AM Italy: consumer price index, yearly (expected 1.1%; prev. 1.3%)
11:00 AM European Union: unit labour cost, yearly (prev. 5%)
11:00 AM European Union: Trade balance (expected 14.9 Bln Euro; prev. 21.7 Bln Euro)
2:30 PM USA: NY Empire State manufacturing index (expected -4.1 points; prev. -4.7 points)
Tuesday, 9/17/2024
6:30 AM Japan: services index, monthly (expected 0.8%; prev. -1.3%)
11:00 AM Germany: ZEW economic sentiment (expected 17.2 points; prev. 19.2 points).
(Teleborsa) 16-09-2024 18:02