Milan bumbles along while European markets make merry

(Teleborsa) - The Milanese stock exchange posts only a marginal rise, while the rest of Europe is clearly bullish. Meanwhile, on Wall Street the S&P-500 remains just above the no-change mark.

EUR / USD trades up, advancing to the level of 1.081. Gold is on the plus side, showing a +1.22% increase. Investors sell as Light Sweet Crude Oil slides to 71.31 dollars per barrel.

The Spread rises to settle at +131 basis points, an increase of 6 BPs, with the Italy BTP 10Y yield at +3.74%.

Among the major European bourses, Frankfurt impresses with a +1.99% rise, London trades firm at +0.04%, and Paris rises +0.94% on positive cues.

The Milanese stock exchange enjoys timid gains as the FTSE MIB exhibits +0.69% up, interrupting the run of three consecutive declines, which began last Monday; similarly, the FTSE Italia All-Share surges above the previous day's levels to trade at 36,320 points.

The FTSE Italia Mid Cap soars (+2.69%), as the FTSE Italia Star is on a joyride (+1.83%).

Among Italy's best performing large-caps, Banco Bpm takes off (+10.39%).

Iveco boasts a +9.75% increase as investors scramble to get their hands on shares.

An ebullient Interpump Group is up +5.23%.

Bper sparkles, managing to pull off a +5.05% increase.

Snam has the worst performance, with a -2.89% down.

Troubled Prysmian falls -2.78%.

Terna is down, with a net loss of 1.76%.

Enel is firmly in the red, showing a fall of 1.57%.

Juventus (+12.56%), Anima Holding (+10.43%), Intercos (+8.24%) and Ferragamo (+6.73%) are among Italy's top mid-cap stocks.

Philogen has the worst performance, with a -2.46% down.

Banco di Desio e della Brianza trades negative, losing -2.04%.

Carel Industries plunges -1.98%.

Digital Value is modestly down, shedding -1.05%.

Among the most relevant macroeconomic data:

Thursday, 11/7/2024
8:00 AM Germany: Trade balance (expected 20.8 Bln Euro; prev. 22.5 Bln Euro)
8:00 AM Germany: industrial production, monthly (expected -1.1%; prev. 2.9%)
8:45 AM France: employment, quarterly (expected 0%; prev. 0%)
11:00 AM European Union: retail sales, yearly (expected 1.3%; prev. 2.4%)
11:00 AM European Union: retail sales, monthly (expected 0.4%; prev. 1.1%)
2:30 PM USA: productivity index, quarterly (expected 2.6%; prev. 2.1%)
2:30 PM USA: unit labour cost, quarterly (expected 1.1%; prev. 2.4%).

(Teleborsa) 11-07-2024 04:00 PM