Europe, Milan power ahead
(Teleborsa) - Europe is buoyed by fresh buying, as is the Milan bourse, which posts big gains. Meanwhile in New York, the S&P-500 surges +1.85% as markets put in a brilliant performance.Caution prevails as EUR / USD continues the session slightly lower (-0.66%). Investors sell furiously as gold plunges -2.99% to 3,281.3 dollars per ounce. Light Sweet Crude Oil is firmly in the red as it tumbles -2.78% to trade at 61.9 dollars per barrel.
The Spread sees a slight drop, falling to +110 basis points, while the Italy 10-year BTP yield stands at +3.56%.
Among the major European bourses, Frankfurt dazzles with a +3.14% surge, London is in good shape, advancing +0.9%, and Paris progresses +2.13% in an optimal session.
The Italian stock market closes on the plus side, with the FTSE MIB +1.42% up; similarly, the FTSE Italia All-Share delivers positive performance, finishing +1.44% up over the previous close.
The FTSE Italia Mid Cap puts in an excellent performance (+1.74%); on the same line, the FTSE Italia Star improves sharply (+2.23%).
Stmicroelectronics (+6.03%), Prysmian (+5.42%), Nexi (+4.48%) and MPS Bank (+4.30%) among the best performing blue chips in Piazza Affari.
Terna has the worst performance, closing -2.02% down.
Leonardo trades negative, losing -1.77%.
Italgas plunges -1.76%.
Tottering Snam dips -1.31%.
WIIT (+17.85%), Ariston Holding (+8.24%), D'Amico (+5.88%) and El.En (+5.80%) are among the best performing stocks in the FTSE Italia Mid Cap basket.
Acea has the worst performance, closing -1.20% down.
Ascopiave is definitely weaker with a -1.06% decrease.
Fincantieri slips just under the flatline with a -1.05% decrease.
OVS contracts moderately by -0.92%.
Among the macroeconomic rendez-vous that might have high influence on the markets:
Wednesday, 4/23/2025
2:30 AM Japan: manufacturing PMI (expected 48.7 points; prev. 48.4 points)
6:30 AM Japan: services index, monthly (prev. 1.4%)
10:00 AM European Union: manufacturing PMI (expected 47.4 points; prev. 48.6 points)
10:00 AM European Union: services PMI (expected 50.4 points; prev. 51 points)
10:00 AM European Union: composite PMI (expected 50.3 points; prev. 50.9 points)
11:00 AM European Union: Trade balance (prev. 800 Mln Euro)
3:45 PM USA: services PMI (expected 52.8 points; prev. 54.4 points).
(Teleborsa) 04-23-2025 06:02 PM