Milan posts moderate gains
(Teleborsa) - Piazza Affari is slightly up, on a par with the major European bourses.EUR / USD broadly maintains the previous session's levels, with a change of only -0.12%. Gold is essentially stable at 2,641.5 dollars per ounce. Oil prices see no significant change, with the Light Sweet Crude Oil settling at 68.8 dollars per barrel, near the previous session's level.
The Spread goes down to +117 basis points, shrinking -4 BPs, while the Italian 10-year BTP yield is at +3.35%.
Among the major European bourses, Frankfurt performs well, growing +0.85%, London essentially treads water (+0.08%), and Paris edges higher, showing an increase of 0.51%.
The Milanese stock exchange closes slightly higher, with the FTSE MIB rising +0.51% to 33,260 points, bouncing back after three consecutive downs since last Monday; similarly, the FTSE Italia All-Share edges higher to end at 35,428 points.
The FTSE Italia Mid Cap is only just in the black (+0.58%); on the same line, the FTSE Italia Star closes positive (+0.77%).
Iveco (+4.23%), Nexi (+3.97%), Leonardo (+2.12%) and Banco Bpm (+1.97%) among the top performers in Milan.
DiaSorin reports the heaviest losses, ending the session -1.40% down.
Telecom Italia is sluggish, declining marginally (-1.2%).
Campari is modestly down, shedding -1.04%.
Unipol drifts -0.79% lower.
Juventus (+7.72%), Moltiply Group (+3.05%), The Italian Sea Group (+2.06%) and SOL (+1.65%) top the ranks of Milan's mid-caps.
Cembre sees the heaviest sell-offs, finishing trade -2.17% lower.
Philogen suffers losses of 2.04%.
Ferragamo totters along with a modest -1.31% decline.
A sluggish day for Safilo, which drops -0.69%.
Among the macroeconomic variables of high impact:
Thursday, 11/28/2024
9:00 AM Spain: consumer price index, monthly (prev. 0.6%)
9:00 AM Spain: consumer price index, yearly (expected 2.3%; prev. 1.8%)
10:00 AM European Union: money supply M3, yearly (expected 3.4%; prev. 3.2%)
11:00 AM European Union: economic sentiment (expected 95.1 points; prev. 95.7 points)
11:00 AM European Union: consumer confidence (expected -13.7 points; prev. -12.5 points)
11:00 AM European Union: business confidence (expected -13.2 points; prev. -12.6 points)
11:00 AM Italy: producer price index, monthly (prev. -0.6%).
(Teleborsa) 11-28-2024 06:02 PM