Milan posts moderate gains
(Teleborsa) - Piazza Affari is slightly up, on a par with the major European bourses. Meanwhile on Wall Street the S&P-500 marks a +0.39% gain.There is no significant change for EUR / USD which, at 1.112, is traded around previous levels. Investors are skittish as gold slides to 2,564.8 dollars per ounce. Light Sweet Crude Oil enjoys a positive session, gaining +1.76%.
The Spread remains unchanged at +131 basis points, while the Italy ten-year BTP is at +3.43%.
Among the European markets, Frankfurt is only just in the black as it climbs a scant +0.5%, London lacks momentum in this session, reflected in a moderate gain of 0.38%, and Paris makes fairly pedestrian progress (+0.51%).
Piazza Affari closes slightly up as the FTSE MIB posts a fractional gain of +0.63%, consolidating after four consecutive days of gains, which began last Thursday; similarly, the FTSE Italia All-Share inches up +0.6% to close at 35,900 points.
The FTSE Italia Mid Cap posts marginal gains (+0.27%); similarly, the FTSE Italia Star is moderately up (+0.68%).
Nexi (+4.87%), Iveco (+4.51%), Tenaris (+3.04%) and Stmicroelectronics (+2.73%) top the ranks of Milan's large-caps.
Leonardo has the worst performance, closing -4.48% down.
Investors are selling as MPS Bank records a -1.52% fall.
Campari contracts moderately by -0.79%.
Generali is subdued, shedding -0.69%.
Italmobiliare (+3.58%), D'Amico (+3.16%), Ariston Holding (+2.84%) and Industrie De Nora (+2.14%) are among Italy's top mid-cap stocks.
Ferragamo sees the heaviest sell-offs, finishing trade -4.15% lower.
A black day for Brembo, which sheds -4.11%.
El.En shows a negative session -3.75% down.
Troubled Sanlorenzo falls -2.03%.
Among the most relevant macroeconomic data:
Tuesday, 9/17/2024
6:30 AM Japan: services index, monthly (expected 0.8%; prev. -1.2%)
11:00 AM Germany: ZEW economic sentiment (expected 17.1 points; prev. 19.2 points)
2:30 PM USA: retail sales, monthly (expected -0.2%; prev. 1.1%)
2:30 PM USA: retail sales, yearly (prev. 2.9%)
3:15 PM USA: industrial production, monthly (expected 0.2%; prev. -0.9%)
3:15 PM USA: industrial production, yearly (prev. -0.7%)
4:00 PM USA: NAHB housing market index (expected 41 points; prev. 39 points).
(Teleborsa) 09-17-2024 06:02 PM