Piazza Affari sees buying frenzy, Europe bourses also up
(Teleborsa) - The Milanese bourse outshines the major European markets, which also gain. Meanwhile, US stocks trade in the red.EUR / USD is essentially stable, finishing at 1.043. Gold trades down -0.57% in a weak session. Light Sweet Crude Oil rises +1.2% to 70.46 dollars per barrel.
The Spread (the difference between the Italian BTP and German Bund yields) drops to +112 basis points, down -4 BPs from its previous level, with the Italy 10-year BTP yield at +3.51%.
Among the markets of the Old Continent, Frankfurt makes fairly pedestrian progress (+0.62%), stagnant London trades to a near stalemate, and Paris is firmly in the black, progressing +0.89%.
The Milanese stock exchange enjoys a positive session as the FTSE MIB gains +1.04%, putting an end to the bearish streak of three consecutive drops since on December 19, Thursday; similarly, the FTSE Italia All-Share gains +1.03% over the previous session, trading at 36,289 points.
The FTSE Italia Mid Cap is buoyed by fresh buying, up +0.82%; on the same trend direction, FTSE Italia Star puts in a good performance (+0.78%).
Nexi (+2.12%), Stellantis (+1.98%), Stmicroelectronics (+1.82%) and Moncler (+1.78%) top the ranks of Milan's large-caps.
Amplifon sees the heaviest sell-offs, now trading -1.49% lower.
Safilo (+2.75%), Piaggio (+2.66%), Banco di Desio e della Brianza (+2.48%) and Ferragamo (+2.40%) top the ranks of Milan's mid-caps.
Garofalo Health Care has the worst performance, with a -2.14% down.
Comer Industries is sluggish, declining marginally (-0.94%).
Philogen is modestly down, shedding -0.78%.
Cementir drifts -0.74% lower.
Among the macroeconomic rendez-vous that might have high influence on the markets:
Friday, 12/27/2024
12:30 AM Japan: unemployment rate (expected 2.5%; prev. 2.5%)
12:50 AM Japan: industrial production, monthly (expected -3.4%; prev. 2.8%)
12:50 AM Japan: retail sales, yearly (expected 1.5%; prev. 1.3%)
9:00 AM Spain: retail sales, yearly (expected 2.8%; prev. 3.4%)
2:30 PM USA: wholesale trade inventories, monthly (expected 0.1%; prev. 0.2%)
4:30 PM USA: crude oil stocks change, weekly (expected -700K barrels; prev. -934K barrels)
Monday, 12/30/2024
1:30 AM Japan: manufacturing PMI (expected 49.5 points; prev. 49.2 points).
(Teleborsa) 12-27-2024 04:00 PM