Timid gains in Milan
(Teleborsa) - The Milan stock exchange is slightly up, while the rest of Europe flatlines. In the United States, the S&P-500 lacks direction.There is no significant change for EUR / USD which, at 1.106, is traded around previous levels. Investors are skittish as gold slides to 2,503.3 dollars per ounce. Light Sweet Crude Oil is firmly in the red as it tumbles -2.56% to trade at 73.97 dollars per barrel.
The Spread steps up to add 2 basis points, reaching +143 BPs, with the BTP 10-year yield at +3.69%.
Among the markets of the Old Continent, Frankfurt essentially treads water (-0.03%), London goes nowhere, reporting a -0.04% change, and Paris is basically unchanged, reporting a scant -0.13% variation.
Piazza Affari is slightly up, with the FTSE MIB finishing at 34,373 points, continuing its bullish run of four consecutive gains since last Tuesday; similarly, the FTSE Italia All-Share climbs a notch to 36,588 points.
The FTSE Italia Mid Cap is buoyed by fresh buying, up +0.94%; on the same line, the FTSE Italia Star puts in a good performance (+0.79%).
Banca Popolare Sondrio (+2.72%), Bper (+2.43%), Iveco (+1.97%) and Azimut (+1.79%) among the top performers in Milan.
DiaSorin sees the heaviest sell-offs, finishing trade -1.56% lower.
Amplifon totters along with a modest -1.35% decline.
A sluggish day for ENI, which drops -0.89%.
Saipem trades with a small loss of -0.78%.
Juventus (+8.64%), El.En (+4.96%), Pharmanutra (+4.64%) and Ferretti (+3.80%) are among the best performing stocks in the FTSE Italia Mid Cap basket.
MFE B reports the heaviest losses, ending the session -1.92% down.
Tottering Philogen dips -1.4%.
Comer Industries is definitely weaker with a -0.91% decrease.
GVS slips just under the flatline with a -1.17% decrease.
Among the macroeconomic variables of high impact:
Friday, 8/30/2024
1:30 AM Japan: unemployment rate (expected 2.5%; prev. 2.5%)
1:50 AM Japan: industrial production, monthly (expected 3.6%; prev. -4.2%)
1:50 AM Japan: retail sales, yearly (expected 2.8%; prev. 3.8%)
7:30 AM France: employment, quarterly (expected 0%; prev. 0%)
8:45 AM France: consumer price index, yearly (expected 1.8%; prev. 2.3%)
8:45 AM France: consumer price index, monthly (expected 0.5%; prev. 0.2%)
8:45 AM France: gross domestic product, quarterly (expected 0.3%; prev. 0.2%).
(Teleborsa) 30-08-2024 18:02