Milan joins Europe-wide rally

(Teleborsa) - It's been a largely bullish session today at the Milanese stock exchange, with Europe providing a more than positive context. Meanwhile on Wall Street the S&P-500 marks a +0.32% gain.

EUR / USD is essentially stable, finishing at 1.089. Gold is up +0.77% at 2,344.6 dollars per ounce. Light Sweet Crude Oil rises +0.3% to 73.47 dollars per barrel.

The Spread (the difference between the Italian BTP and German Bund yields) drops to +127 basis points, down -4 BPs from its previous level, with the Italy 10-year BTP yield at +3.76%.

Among the markets of the Old Continent, Frankfurt performs well, growing +0.79%, resilient London registers a small increase of 0.24%, and Paris secures a tidy +0.9% gain.

The Milanese stock exchange looks bullish, with the FTSE MIB advancing to 34,596 points; similarly, the FTSE Italia All-Share delivers positive performance, trading +0.9% up over the previous close.

The FTSE Italia Mid Cap is only just in the black (+0.54%); on the same line, the FTSE Italia Star inches up +0.59%.

Among Italy's best performing large-caps, Stmicroelectronics rises +2.38% on positive cues.

Banca Mediolanum is in good fettle with a +2.27% increase.

Nexi is in good shape, advancing +2.11%.

Ferrari stands out, progressing +1.93%.

Banca Popolare Sondrio has the worst performance, with a -1.34% down.

Telecom Italia is definitely weaker with a -1.26% decrease.

Prysmian slips just under the flatline with a -0.71% decrease.

Finecobank contracts moderately by -0.59%.

MFE A (+3.91%), Technoprobe (+2.54%), Philogen (+2.44%) and Brembo (+2.13%) top the ranks of Milan's mid-caps.

Ariston Holding has the worst performance, with a -2.23% down.

Marr is struggling, -1.71% down.

Pharmanutra is subdued, shedding -1.42%.

Buzzi falls just below its previous value.

(Teleborsa) 06-05-2024 04:00 PM