Milan treads water
(Teleborsa) - The Italian stock market remains unchanged , while Europe's major bourses slide.EUR / USD trades down -0.19% in a weak session. Gold trades fractionally lower in this session, shedding -0.27% so far. A slightly better session for Light Sweet Crude Oil, as it advances to 74.17 dollars per barrel.
The Spread remains unchanged at +131 basis points, while the Italy ten-year BTP is at +3.54%.
Among the European markets, Frankfurt reports no significant price changes in the absence of fresh cues, London looks composed with modest growth of +0.51%, and stagnant Paris trades to a near stalemate.
In Milan, the FTSE MIB is largely stable, trading at 33,713 points; similarly, the FTSE Italia All-Share is trading flat at 35,853 points.
The FTSE Italia Mid Cap trades sideways (+0.11%); the FTSE Italia Star is trading just above the flatline (+0.22%).
Telecom Italia (+1.43%), A2A (+1.13%), Recordati (+0.96%) and Hera (+0.86%) among the best performing blue chips in Piazza Affari.
Bper sees the heaviest sell-offs, now trading -1.55% lower.
Iveco plunges -1.51% on intense selling.
Unipol slips just under the flatline with a -0.92% decrease.
Unicredit contracts moderately by -0.91%.
Reply (+2.05%), Acea (+1.43%), Rai Way (+1.13%) and Italmobiliare (+1.06%) top the ranks of Milan's mid-caps.
Maire sees the heaviest sell-offs, now trading -3.66% lower.
Investors are selling as Safilo records a -2.79% fall.
Ferretti shows a negative session -1.79% down.
Troubled Moltiply Group falls -1.52%.
Among the macroeconomic variables of high impact:
Wednesday, 10/9/2024
8:00 AM Germany: Trade balance (expected 18.9 Bln Euro; prev. 16.9 Bln Euro)
4:00 PM USA: wholesale trade inventories, monthly (expected 0.2%; prev. 0.3%)
4:30 PM USA: crude oil stocks change, weekly (expected 1.9 Mln barrels; prev. 3.89 Mln barrels)
Thursday, 10/10/2024
1:50 AM Japan: producer price index, monthly (expected -0.3%; prev. -0.2%)
8:00 AM Germany: retail sales, monthly
8:00 AM Germany: retail sales, yearly
10:00 AM Italy: industrial production, monthly (prev. -0.9%).
(Teleborsa) 10-09-2024 09:30 AM