Milan, Europe shine bright
(Teleborsa) - Milan's strong rally is on a par with the breathtaking gains seen at the other European bourses. On the American market the S&P-500 registers large advances.Caution prevails as EUR / USD continues the session slightly lower (-0.28%). Gold holds its position at 2,746.9 dollars per ounce. Light Sweet Crude Oil is slightly down at 70.16 dollars per barrel.
The Spread trades slightly higher, adding 2 basis points to reach +128 BPs, with the Italy BTP 10-year yield at +3.66%.
Among the major European bourses, Frankfurt is in positive territory with a +0.96% increase, London attracts bids with a +0.98% rise, and Paris is firmly in the black, progressing +0.89%.
In a strong day for the Milan bourse the FTSE MIB gains +1.26%, putting an end to the bearish streak of three consecutive drops since last Tuesday; similarly, steady gains for the FTSE Italia All-Share as it reaches 36,805 points.
The FTSE Italia Mid Cap inches up +0.33%; on the same trend direction, the FTSE Italia Star is trading just above the flatline (+0.45%).
Unicredit (+3.09%), Intesa Sanpaolo (+2.46%), Banco Bpm (+2.32%) and Leonardo (+1.78%) among the best performing blue chips in Piazza Affari.
Stmicroelectronics sees the heaviest sell-offs, now trading -1.48% lower.
Tinexta (+2.96%), Anima Holding (+2.24%), Fincantieri (+2.15%) and Rai Way (+2.09%) are among the big players in the FTSE Italia Mid Cap index.
GVS has the worst performance, with a -2.44% down.
Caltagirone plunges -2.31% on intense selling.
Ascopiave is modestly down, shedding -1.24%.
MFE B drifts -1.13% lower.
Among the most important macroeconomy events:
Friday, 11/1/2024
1:30 AM Japan: manufacturing PMI (expected 49 points; prev. 49.7 points)
1:30 PM USA: employment change (expected 106K units; prev. 223K units)
1:30 PM USA: unemployment rate (expected 4.1%; prev. 4.1%)
2:45 PM USA: manufacturing PMI (expected 47.8 points; prev. 47.3 points)
3:00 PM USA: manufacturing ISM (expected 47.6 points; prev. 47.2 points)
Monday, 11/4/2024
10:00 AM European Union: manufacturing PMI (prev. 45 points)
4:00 PM USA: factory orders, monthly (prev. -0.2%).
(Teleborsa) 11-01-2024 04:00 PM