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, the New York trading floor is in positive territory with the S&P-500 marking an increase of 1.48%.

EUR / USD is essentially stable at previous levels, finishing at 1.112. Gold advances with a fractional gain of +0.6%. Light Sweet Crude Oil rises sharply, gaining +0.6%.

The Spread goes down to +131 basis points, shrinking -3 BPs, while the Italian 10-year BTP yield is at +3.49%.

Among the European indices, Frankfurt secures a tidy +1.48% gain, London rises +0.74% on positive cues, and Paris impresses with a +1.97% rise.

The Italian stock market is on the plus side, as the FTSE MIB rises +0.74%; similarly, the FTSE Italia All-Share gains +0.8% over the previous session, trading at 36,061 points.

The FTSE Italia Mid Cap soars (+1.62%), as the FTSE Italia Star is on a joyride (+1.58%).

Campari (+9.17%), Brunello Cucinelli (+3.81%), Interpump Group (+3.55%) and Ferrari (+3.52%) among the best performing blue chips in Piazza Affari.

A2A reports the heaviest losses, currently suffering from a -2.50% down.

Troubled Inwit falls -2.08%.

Banco Bpm is down, with a net loss of 1.97%.

Terna is firmly in the red, showing a fall of 1.96%.

MFE B (+13.82%), MFE A (+13.31%), Carel Industries (+5.81%) and Fincantieri (+4.45%) top the ranks of Milan's mid-caps.

Iren reports the heaviest losses, currently suffering from a -1.59% down.

CIR is definitely weaker with a -1.38% decrease.

Philogen slips just under the flatline with a -0.99% decrease.

Acea contracts moderately by -0.81%.

Among the most relevant macroeconomic data:

Thursday, 9/19/2024
2:30 PM USA: current account, quarterly (expected -259 Bln $; prev. -241 Bln $)
2:30 PM USA: Philly FED manufacturing activity index (expected -0.8 points; prev. -7 points)
2:30 PM USA: initial jobless claims, weekly (expected 230K units; prev. 231K units)
4:00 PM USA: leading indicator, monthly (expected -0.3%; prev. -0.6%)
4:00 PM USA: existing home sales, monthly (prev. 1.3%)
4:00 PM USA: existing home sales (expected 3.92 Mln units; prev. 3.95 Mln units)

Friday, 9/20/2024
1:30 AM Japan: consumer price index, yearly (prev. 2.8%).

(Teleborsa) 19-09-2024 16:00