Milan treads water
(Teleborsa) - The Italian stock market remains unchanged , while Europe's major bourses slide. Meanwhile, the US markets confirm a dire performance, with the S&P-500 sliding -1.59%.EUR / USD trades down -0.21% in a weak session. Gold is just below the flatline as it slips -0.31%. Light Sweet Crude Oil rises +0.87% to 71.21 dollars per barrel.
The Spread improves significantly, decreasing -7 basis points to +112 BPs, with the Italian 10Y BTP yield at +3.52%.
Among the markets of the Old Continent, Frankfurt trades with a small loss of -0.38%, tottering London dips -0.62%, and Paris is definitely weaker with a -0.55% decrease.
Milan's Piazza Affari is essentially stable, with the FTSE MIB trading sideways at 34,139 points; similarly, the FTSE Italia All-Share is trading on a dull note, at 36,334 points, around the previous day's levels.
The FTSE Italia Mid Cap hovers just below the flatline (-0.27%); similarly, the FTSE Italia Star is below the flatline, slipping -0.56%.
MPS Bank (+2.04%), Bper (+0.96%), Unipol (+0.92%) and A2A (+0.89%) top the ranks of Milan's large-caps.
Stmicroelectronics sees the heaviest sell-offs, now trading -1.68% lower.
Interpump Group is firmly in the red, showing a fall of 1.62%.
Buzzi slips just under the flatline with a -1.28% decrease.
Ferrari contracts moderately by -1.08%.
Rai Way (+1.68%), Acea (+1.64%), Caltagirone (+1.56%) and Banca Ifis (+0.95%) are among the big players in the FTSE Italia Mid Cap index.
Moltiply Group reports the heaviest losses, currently suffering from a -2.70% down.
Comer Industries trades negative, losing -1.89%.
Cementir plunges -1.68%.
LU-VE Group declines by a notable -1.6%.
Among the most relevant macroeconomic data:
Monday, 12/30/2024
1:30 AM Japan: manufacturing PMI (expected 49.5 points; prev. 49 points)
9:00 AM Spain: consumer price index, yearly (expected 2.6%; prev. 2.4%)
9:00 AM Spain: consumer price index, monthly (expected 0.3%; prev. 0.2%)
3:45 PM USA: Chicago PMI (expected 42.7 points; prev. 40.2 points)
4:00 PM USA: pending home sales index, monthly (expected 0.9%; prev. 2%)
Tuesday, 12/31/2024
3:00 PM USA: FHFA house price, monthly (expected 0.5%; prev. 0.7%)
3:00 PM USA: S&P Case-Shiller, yearly (expected 4.1%; prev. 4.6%).
(Teleborsa) 12-30-2024 04:00 PM