Uncertainty keeps European markets cautious

(Teleborsa) - Europe's bourses close on a cautious note today, including Piazza Affari. Wall Street is riding a wave of uncertainty as the S&P-500 posts a timid -0.13% change.

EUR / USD advances with a fractional gain of +0.25%. Gold trades down -0.7% in a weak session. Light Sweet Crude Oil is firmly bullish (+1.51%), reaching 71.08 dollars per barrel.

The Spread is significantly higher, adding 7 basis points to reach +114 BPs, while the Italian 10-year BTP yield is at +3.38%.

Among the European indices, Frankfurt trades largely sideways, London reports no significant price changes in the absence of fresh cues, and stagnant Paris trades to a near stalemate.

In Milan, Piazza Affari sees fairly steady trading around previous levels, with the FTSE MIB finishing at 34,889 points; similarly, the FTSE Italia All-Share undulates around the flatline, ending the day at 37,120 points.

The FTSE Italia Mid Cap is practically unchanged (+0.07%); similarly, the FTSE Italia Star holds the line (-0.1%).

Telecom Italia (+2.69%), Iveco (+2.41%), Bper (+1.67%) and MPS Bank (+1.37%) among the top performers in Milan.

Brunello Cucinelli reports the heaviest losses, ending the session -1.89% down.

Moncler plunges -1.84%.

Amplifon is definitely weaker with a -1.29% decrease.

Campari slips just under the flatline with a -1.15% decrease.

MFE B (+3.02%), Technoprobe (+2.42%), OVS (+2.33%) and MFE A (+1.74%) are among Italy's top mid-cap stocks.

Digital Value reports the heaviest losses, ending the session -13.33% down.

Ariston Holding declines by a notable -2.79%.

GVS is struggling, -2.22% down.

The Italian Sea Group suffers losses of 2.06%.

Among the macroeconomic rendez-vous that might have high influence on the markets:

Friday, 12/13/2024
12:50 AM Japan: Tankan index, quarterly (expected 13 points; prev. 13 points)
5:30 AM Japan: industrial production, monthly (expected 3%; prev. 1.6%)
8:00 AM Germany: Trade balance (expected 15.7 Bln Euro; prev. 17 Bln Euro)
8:00 AM United Kingdom: industrial production, yearly (expected 0.2%; prev. -1.8%)
8:00 AM United Kingdom: industrial production, monthly (expected 0.3%; prev. -0.5%)
8:45 AM France: consumer price index, yearly (expected 1.3%; prev. 1.2%)
8:45 AM France: consumer price index, monthly (expected -0.1%; prev. 0.3%).

(Teleborsa) 12-13-2024 06:02 PM