Milan treads water
(Teleborsa) - The Italian stock market remains unchanged , while Europe's major bourses slide. On the New York Stock Exchange, the S&P-500 hovers around the flatline.EUR / USD is essentially stable, finishing at 1.09. Gold advances with a fractional gain of +0.3%. Crude oil rises in an upbeat session, with Light Sweet Crude Oil gaining as much as +2.83%.
The Spread is substantially lower, falling -12 basis points to +112 BPs, with the Italian 10-year BTP yield at +3.52%.
Among the markets of the Old Continent, Frankfurt trades with a small loss of -0.37%, a positive result for London, which inches up +0.41%, and tottering Paris dips -0.32%.
In Milan, the FTSE MIB is largely stable, trading at 34,639 points; similarly, the FTSE Italia All-Share (Milan) hovers around previous levels, trading at 36,713 points.
The FTSE Italia Mid Cap is slightly lower (-0.62%); on the same line, the FTSE Italia Star descends -1.12%.
DiaSorin (+1.50%), Bper (+1.19%), Intesa Sanpaolo (+0.81%) and Banca Popolare Sondrio (+0.79%) top the ranks of Milan's large-caps.
Stmicroelectronics reports the heaviest losses, currently suffering from a -3.14% down.
Amplifon is down, with a net loss of 2.78%.
Iveco is firmly in the red, showing a fall of 2.41%.
Leonardo trades negative, losing -2.06%.
Banco di Desio e della Brianza (+6.67%), Philogen (+2.30%), Credem (+1.52%) and Ferragamo (+1.37%) are among the big players in the FTSE Italia Mid Cap index.
Moltiply Group sees the heaviest sell-offs, now trading -2.60% lower.
Pharmanutra plunges -2.21%.
D'Amico declines by a notable -1.81%.
De'Longhi is struggling, -1.74% down.
Among the most relevant macroeconomic data:
Monday, 11/4/2024
10:00 AM European Union: manufacturing PMI (expected 45.9 points; prev. 45 points)
4:00 PM USA: factory orders, monthly (expected -0.4%; prev. -0.2%)
Tuesday, 11/5/2024
2:45 AM China: Caixin services PMI (expected 50.5 points; prev. 50.3 points)
8:45 AM France: industrial production, monthly (expected -0.7%; prev. 1.4%)
2:30 PM USA: Trade balance (expected -75.3 Bln $; prev. -70.4 Bln $)
3:45 PM USA: composite PMI (expected 54.3 points; prev. 54 points)
3:45 PM USA: services PMI (expected 55.3 points; prev. 55.2 points).
(Teleborsa) 11-04-2024 04:00 PM