Piazza Affari in good shape, but Europe cautious
(Teleborsa) - Market reports highlight the wary mood permeating the Old Continent, with the exception of the Milan exchange, which is trading slightly higher.There is no significant change for EUR / USD which, at 1.059, is traded around previous levels. Gold is slightly up at 2,639 dollars per ounce. Caution prevails in the oil market, with Light Sweet Crude Oil registering a slight decline of -0.37%.
The Spread goes down to +108 basis points, an impressive reduction of 7 BPs over previous levels, with the Italy BTP 10-year yield at +3.19%.
Among the markets of the Old Continent, stagnant Frankfurt trades to a near stalemate, London is stuck at the previous session's levels, and Paris makes fairly pedestrian progress (+0.42%).
Milan is trading slightly higher, with the FTSE MIB advancing to 34,733 points, consolidating after seven consecutive days of gains, which began on November 28, Thursday; similarly, the FTSE Italia All-Share pushes up to trade at 36,946 points.
The FTSE Italia Mid Cap lacks direction (+0.12%); the FTSE Italia Star trades moderately higher (+0.29%).
Stellantis (+3.51%), Moncler (+3.22%), Campari (+1.83%) and Iveco (+1.39%) among the best performing blue chips in Piazza Affari.
Bper sees the heaviest sell-offs, now trading -2.74% lower.
Tottering Unipol dips -0.92%.
MPS Bank is definitely weaker with a -0.75% decrease.
Tenaris slips just under the flatline with a -0.73% decrease.
Digital Value (+8.35%), Tinexta (+3.18%), Danieli & C (+2.83%) and Ferragamo (+2.78%) are among Italy's top mid-cap stocks.
D'Amico reports the heaviest losses, currently suffering from a -1.32% down.
LU-VE Group contracts moderately by -1.28%.
Cembre is subdued, shedding -0.85%.
Buzzi falls just below its previous value.
Among the most relevant macroeconomic data:
Friday, 12/6/2024
12:30 AM Japan: real household consumption expenditure, monthly (expected 0.4%; prev. -1.3%)
8:00 AM Germany: industrial production, monthly (expected 1%; prev. -2%)
8:45 AM France: current account (prev. -2.4 Bln Euro)
10:00 AM Italy: retail sales, monthly (expected 0.9%; prev. 1.2%)
10:00 AM Italy: retail sales, yearly (prev. 0.7%)
11:00 AM European Union: employment, quarterly (expected 0.2%; prev. 0.2%)
11:00 AM European Union: gross domestic product, quarterly (expected 0.4%; prev. 0.2%).
(Teleborsa) 12-06-2024 09:30 AM