Moderate gains in Milan
(Teleborsa) - Piazza Affari moves along without much momentum, while the major European markets slip a few points. The gloom has also spread to Wall Street.EUR / USD trades down -0.24% in a weak session. Gold is trading at previous levels, with a variation of +0.07%. Light Sweet Crude Oil meanders around the flatline, settling at 83.01 dollars per barrel.
The Spread steps up to add 2 basis points, reaching +131 BPs, with the BTP 10-year yield at +3.69%.
Among the markets of the Old Continent, Frankfurt is sluggish, declining marginally (-0.45%), London lacks momentum in this session, reflected in a moderate gain of 0.21%, and Paris makes fairly pedestrian progress (+0.21%).
The Milanese stock exchange closes slightly higher, with the FTSE MIB rising +0.43% to 34,529 points; similarly, the FTSE Italia All-Share crawls up to 36,797 points.
The FTSE Italia Mid Cap closes just above the flatline (+0.52%); the FTSE Italia Star slips a fraction (-0.7%).
Iveco (+5.81%), Stellantis (+1.87%), Snam (+1.84%) and Inwit (+1.78%) among the top performers in Milan.
Prysmian reports the heaviest losses, ending the session -1.62% down.
Stmicroelectronics is modestly down, shedding -1.46%.
Recordati drifts -0.97% lower.
Amplifon totters along with a modest -0.83% decline.
Webuild (+6.48%), Fincantieri (+4.34%), Intercos (+3.15%) and Maire (+2.91%) are among the big players in the FTSE Italia Mid Cap index.
Sesa sees the heaviest sell-offs, finishing trade -12.51% lower.
Comer Industries is struggling, -3.4% down.
Moltiply Group suffers losses of 2.14%.
Investors hurry to sell as Cembre declines -1.96%.
Among the macroeconomic rendez-vous that might have high influence on the markets:
Thursday, 7/18/2024
1:50 AM Japan: Trade balance (expected -240 Bln ¥; prev. -1,220.1 Bln ¥)
8:00 AM United Kingdom: unemployment rate (expected 4.4%; prev. 4.4%)
8:00 AM United Kingdom: initial jobless claims (expected 23.4K units; prev. 51.9K units)
2:30 PM USA: Philly FED manufacturing activity index (expected 2.7 points; prev. 1.3 points)
2:30 PM USA: initial jobless claims, weekly (expected 229K units; prev. 223K units)
4:00 PM USA: leading indicator, monthly (expected -0.3%; prev. -0.4%)
Friday, 7/19/2024
1:30 AM Japan: consumer price index, yearly (prev. 2.8%).
(Teleborsa) 07-18-2024 06:02 PM