Timid gains in Milan
(Teleborsa) - The Milan stock exchange is trading slightly higher, while the rest of Europe flatlines.EUR / USD broadly maintains the previous session's levels, with a change of only -0.03%. Gold creeps up +0.25%. Light Sweet Crude Oil continues to trade sideways, registering a -0.12% change.
The Spread improves, shedding -4 basis points to settle at +130 BPs, while the Italian 10-year BTP yield is at +3.48%.
Among the European markets, Frankfurt is basically unchanged, reporting a scant +0.04% variation, London trades firm at +0.07%, and a positive result for Paris, which inches up +0.46%.
The Milanese bourse edges up as the FTSE MIB rises +0.44% to 33,316 points, interrupting the run of four consecutive declines, which began last Monday; similarly, the FTSE Italia All-Share crawls up +0.49% to close at 35,458 points.
The FTSE Italia Mid Cap inches up +0.67%; on the same line, the FTSE Italia Star is trading just above the flatline (+0.49%).
Recordati (+3.84%), Saipem (+2.40%), Telecom Italia (+1.75%) and ENI (+1.25%) among the top performers in Milan.
D'Amico (+3.43%), Ariston Holding (+2.21%), Moltiply Group (+1.99%) and MFE B (+1.57%) are among Italy's top mid-cap stocks.
The Italian Sea Group reports the heaviest losses, currently suffering from a -1.18% down.
A sluggish day for El.En, which drops -0.75%.
Among the most important macroeconomy events:
Friday, 10/4/2024
8:45 AM France: industrial production, monthly (expected 0.3%; prev. 0.2%)
10:00 AM Italy: retail sales, yearly (prev. 1%)
10:00 AM Italy: retail sales, monthly (expected 0.2%; prev. 0.5%)
2:30 PM USA: unemployment rate (expected 4.2%; prev. 4.2%)
2:30 PM USA: employment change (expected 148K units; prev. 142K units)
Tuesday, 10/8/2024
2:30 PM USA: Trade balance
Wednesday, 10/9/2024
4:30 PM USA: crude oil stocks change, weekly.
(Teleborsa) 10-04-2024 09:30 AM