Selling prevails in Piazza Affari and the other European markets
(Teleborsa) - Indices in Milan and the other major European bourses all trade negative.EUR / USD holds its position at 1.119. Gold is essentially stable at 2,653.8 dollars per ounce. Caution prevails in the oil market, with Light Sweet Crude Oil registering a slight decline of -0.5%.
The Spread is broadly on the previous day's level as it settles at +128 basis points, while the Italy ten-year BTP is at +3.39%.
Among the markets of the Old Continent, Frankfurt is modestly down, shedding -0.46%, London reports no significant price changes in the absence of fresh cues, and Paris drifts -0.35% lower.
Caution prevails in Milan as the FTSE MIB registers a marginal drop of -0.24%, while, instead, the FTSE Italia All-Share is trading on a dull note, at 35,940 points, around the previous day's levels.
The FTSE Italia Mid Cap trades moderately higher (+0.26%); on the same line, the FTSE Italia Star is only just in the black (+0.32%).
Prysmian (+1.15%), Brunello Cucinelli (+0.88%), Iveco (+0.68%) and Interpump Group (+0.66%) top the ranks of Milan's large-caps.
Banca Popolare Sondrio sees the heaviest sell-offs, now trading -0.88% lower.
Banca Mediolanum totters along with a modest -0.8% decline.
A sluggish day for Enel, which drops -0.73%.
Terna trades with a small loss of -0.72%.
Ferragamo (+2.70%), Webuild (+1.82%), MFE A (+1.74%) and Zignago Vetro (+1.68%) top the ranks of Milan's mid-caps.
Danieli & C has the worst performance, with a -1.39% down.
Tottering Juventus dips -0.68%.
Credem is definitely weaker with a -0.59% decrease.
Pharmanutra slips just under the flatline with a -0.52% decrease.
Among the most relevant macroeconomic data:
Wednesday, 9/25/2024
8:45 AM France: consumer confidence, monthly (expected 92 points; prev. 93 points)
9:00 AM Spain: producer price index, yearly (prev. -1.4%)
4:00 PM USA: new home sales (expected 699K units; prev. 739K units)
4:00 PM USA: new home sales, monthly (prev. 10.6%)
4:30 PM USA: crude oil stocks change, weekly (expected -1.2 Mln barrels; prev. -1.63 Mln barrels)
Thursday, 9/26/2024
9:00 AM Spain: retail sales, yearly (prev. 1%)
10:00 AM European Union: money supply M3, yearly (expected 2.5%; prev. 2.3%).
(Teleborsa) 25-09-2024 09:30