Uncertainty keeps European markets cautious
(Teleborsa) - Europe's bourses are trading on a cautious note today, including Piazza Affari.Caution prevails as EUR / USD continues the session slightly lower (-0.26%). Gold is essentially stable at 2,694 dollars per ounce. Light Sweet Crude Oil trades with a fractional gain of 0.21%.
The Spread rises to settle at +111 basis points, an increase of 4 BPs, with the Italy BTP 10Y yield at +3.19%.
Among the European indices, Frankfurt is basically unchanged, reporting a scant -0.04% variation, London trades with a small loss of -0.32%, and Paris trades firm at -0.08%.
The Milanese stock exchange sees no significant change with the FTSE MIB settling at 34,557 points, near the previous session's levels; similarly, the FTSE Italia All-Share is trading flat at 36,780 points.
The FTSE Italia Mid Cap is practically unchanged (-0.11%); on the same line, the FTSE Italia Star holds the line (+0.02%).
Among Italy's best performing large-caps, Leonardo's +1.61% surge cheers investors.
Saipem edges higher, showing an increase of 1.41%.
A positive result for Amplifon, which inches up +1.05%.
Bper is essentially healthy, gaining +0.76%.
Tenaris sees the heaviest sell-offs, now trading -1.38% lower.
Tottering Banco Bpm dips -0.87%.
Rai Way (+1.93%), Digital Value (+1.91%), OVS (+1.29%) and Maire (+1.04%) are among Italy's top mid-cap stocks.
Safilo reports the heaviest losses, currently suffering from a -0.86% down.
Ferragamo is definitely weaker with a -0.82% decrease.
Sesa slips just under the flatline with a -0.78% decrease.
Technogym contracts moderately by -0.67%.
Among the most relevant macroeconomic data:
Wednesday, 12/11/2024
12:50 AM Japan: producer price index, monthly (expected 0.2%; prev. 0.3%)
2:30 PM USA: consumer price index, yearly (expected 2.7%; prev. 2.6%)
2:30 PM USA: consumer price index, monthly (expected 0.3%; prev. 0.2%)
4:30 PM USA: crude oil stocks change, weekly (prev. -5.07 Mln barrels)
Thursday, 12/12/2024
2:30 PM USA: initial jobless claims, weekly (prev. 224K units)
2:30 PM USA: producer price index, monthly (prev. 0.2%)
2:30 PM USA: producer price index, yearly (prev. 2.4%).
(Teleborsa) 12-11-2024 09:30 AM