Uncertainty keeps European markets cautious
(Teleborsa) - Europe's bourses are trading on a cautious note today, including Piazza Affari.EUR / USD is essentially stable at previous levels, finishing at 1.082. Gold is slightly up at 2,374.5 dollars per ounce. Light Sweet Crude Oil loses a lot of ground, retracing by -0.45% to trade at 81.04 dollars per barrel.
The Spread is at +138 basis points, near the previous day's level, while the ten-year BTP settles at +3.9%.
Among the European indices, Frankfurt is stuck at the previous session's levels, London records a fairly pedestrian increase of +0.21%, and Paris is sluggish, declining marginally (-0.21%).
The Milanese stock market is moving sideways, with the FTSE MIB registering a +0.03% change; similarly, the FTSE Italia All-Share is trading flat at 36,109 points.
The FTSE Italia Mid Cap is only just in the black (+0.25%); on the same line, the FTSE Italia Star inches up +0.23%.
Prysmian (+2.50%), Saipem (+1.79%), Telecom Italia (+1.19%) and Terna (+0.79%) among the best performing blue chips in Piazza Affari.
Banco Bpm sees the heaviest sell-offs, now trading -1.32% lower.
Iveco is modestly down, shedding -1.09%.
Banca Popolare Sondrio drifts -1% lower.
Campari totters along with a modest -0.78% decline.
Acea (+2.60%), Ariston Holding (+2.12%), Philogen (+1.97%) and De'Longhi (+1.33%) are among the big players in the FTSE Italia Mid Cap index.
Piaggio reports the heaviest losses, currently suffering from a -2.46% down.
A sluggish day for Fincantieri, which drops -1.35%.
Intercos trades with a small loss of -0.9%.
Tottering Maire dips -0.89%.
Among the most important macroeconomy events:
Wednesday, 7/10/2024
1:50 AM Japan: producer price index, monthly (expected 0.4%; prev. 0.7%)
3:30 AM China: consumer price index, yearly (expected 0.4%; prev. 0.3%)
3:30 AM China: producer price index, yearly (expected -0.8%; prev. -1.4%)
10:00 AM Italy: industrial production, monthly (expected 0.1%; prev. -1%)
10:00 AM Italy: industrial production, yearly (prev. -2.9%)
4:00 PM USA: wholesale trade inventories, monthly (expected 0.6%; prev. 0.1%)
4:30 PM USA: crude oil stocks change, weekly (expected -250K barrels; prev. -12.16 Mln barrels).
(Teleborsa) 07-10-2024 09:30 AM