Europe in good shape. Piazza Affari out of line
(Teleborsa) - Stock markets on the Old Continent witness a lively trading session, closing with fractional gains. Milan lacks the buying impetus seen elsewhere in Europe and falls behind.EUR / USD is essentially stable at previous levels, finishing at 1.074. Gold is essentially stable at 2,311.7 dollars per ounce. A gloomy day for Light Sweet Crude Oil, which is trading at 77.5 dollars per barrel, down -1.12%.
The Spread is broadly on the previous day's level as it settles at +131 basis points, while the Italy ten-year BTP is at +3.74%.
Among the markets of the Old Continent, Frankfurt makes fairly pedestrian progress (+0.37%), London looks composed with modest growth of +0.45%, and Paris performs modestly, showing a moderate +0.67% rise.
Milan's Piazza Affari is essentially stable, with the FTSE MIB trading sideways at 34,270 points; similarly, no shame no gain for the FTSE Italia All-Share as it trades flat at 36,505 points.
The FTSE Italia Mid Cap holds the line (-0.11%); the FTSE Italia Star is trading just above the flatline (+0.25%).
Leonardo (+1.54%), Recordati (+1.49%), Bper (+1.42%) and Interpump Group (+1.00%) among the best performing blue chips in Piazza Affari.
Campari has the worst performance, with a -1.39% down.
Stellantis totters along with a modest -1.09% decline.
A sluggish day for ENI, which drops -0.82%.
Stmicroelectronics trades with a small loss of -0.59%.
Intercos (+6.74%), D'Amico (+2.02%), MFE A (+1.07%) and Tinexta (+0.98%) are among Italy's top mid-cap stocks.
Maire Tecnimont sees the heaviest sell-offs, now trading -4.44% lower.
Ariston Holding declines by a notable -2.79%.
Cementir is struggling, -1.73% down.
Tottering Brembo dips -1.05%.
Among the macroeconomic rendez-vous that might have high influence on the markets:
Wednesday, 5/8/2024
8:00 AM Germany: industrial production, monthly (expected -0.6%; prev. 1.7%)
8:00 AM Germany: industrial production, yearly (prev. -5.16%)
10:00 AM Italy: retail sales, monthly (expected 0.2%; prev. 0.1%)
10:00 AM Italy: retail sales, yearly (prev. 2.4%)
4:00 PM USA: wholesale trade inventories, monthly (expected -0.4%; prev. 0.5%)
4:30 PM USA: crude oil stocks change, weekly (expected -1.43 Mln barrels; prev. 7.27 Mln barrels)
Thursday, 5/9/2024
2:30 PM USA: initial jobless claims, weekly (expected 211K units; prev. 208K units).
(Teleborsa) 05-08-2024 09:30 AM