Selling prevails in Piazza Affari and the other European markets
(Teleborsa) - Indices in Milan and the other major European bourses all trade negative Meanwhile, the S&P-500 lacks direction on the stars and stripes market.EUR / USD broadly maintains the previous session's levels, with a change of only -0.12%. Gold trades up, advancing to 2,769.4 dollars per ounce. Caution prevails in the oil market, with Light Sweet Crude Oil registering a slight decline of +0.37%.
The Spread climbs again, settling at +121 basis points, up 3 BPs, with the Italy BTP 10Y yield at +3.53%.
Among the European indices, Frankfurt lacks momentum, trading with a -0.18% change, London totters along with a modest -0.55% decline, and a sluggish day for Paris, which drops -0.42%.
Milan's Piazza Affari is essentially stable, with the FTSE MIB trading sideways at 34,948 points; similarly, the FTSE Italia All-Share (Milan) hovers around previous levels, trading at 37,077 points.
The FTSE Italia Mid Cap is below the flatline, slipping -0.21%; the FTSE Italia Star trades sideways (-0.06%).
Tenaris (+1.75%), Intesa Sanpaolo (+1.11%), Stmicroelectronics (+1.10%) and Iveco (+1.02%) among the top performers in Milan.
Stellantis sees the heaviest sell-offs, now trading -2.64% lower.
ERG plunges -2.11%.
Amplifon declines by a notable -1.81%.
Pirelli & C trades with a small loss of -1.43%.
Carel Industries (+5.01%), Digital Value (+3.72%), Moltiply Group (+1.95%) and Cembre (+1.84%) are among the big players in the FTSE Italia Mid Cap index.
BFF Bank has the worst performance, with a -3.16% down.
El.En is struggling, -1.93% down.
Philogen suffers losses of 1.93%.
Investors hurry to sell as MFE A declines -1.56%.
Among the macroeconomic variables of high impact:
Tuesday, 10/29/2024
12:30 AM Japan: unemployment rate (expected 2.5%; prev. 2.5%)
1:30 PM USA: wholesale trade inventories, monthly (expected 0.2%; prev. 0.1%)
2:00 PM USA: S&P Case-Shiller, yearly (expected 4.9%; prev. 5.9%)
2:00 PM USA: FHFA house price, monthly (expected 0.1%; prev. 0.2%)
3:00 PM USA: consumer confidence, monthly (expected 99.5 points; prev. 99.2 points)
Wednesday, 10/30/2024
7:30 AM France: gross domestic product, quarterly (expected 0.3%; prev. 0.2%)
9:00 AM Spain: consumer price index, yearly (expected 1.7%; prev. 1.5%).
(Teleborsa) 10-29-2024 04:00 PM