Europe's bourses down as Milan holds firm
(Teleborsa) - Piazza Affari is making decent gains, in sharp contrast to Europe's predominantly negative climate.EUR / USD makes timid gains, progressing by +0.47%. Gold climbs to 3,327 dollars per ounce, rising +1.16%. Light Sweet Crude Oil rises +1.02% to 62.9 dollars per barrel.
The Spread remains unchanged at +110 basis points, while the Italy ten-year BTP is at +3.54%.
Among the European indices, Frankfurt slips just under the flatline with a -0.68% decrease, stagnant London trades to a near stalemate, and Paris contracts moderately by -0.67%.
The Milanese bourse edges up as the FTSE MIB rises +0.29% to 36,564 points; similarly, the FTSE Italia All-Share pushes up to trade at 38,739 points.
The FTSE Italia Mid Cap slips a fraction (-0.3%); on the same trend direction, the FTSE Italia Star hovers just below the flatline (-0.32%).
Among Italy's best performing large-caps, Stmicroelectronics is on top of the game with a strong +7.94% rise.
MPS Bank rockets +5.35%.
All eyes are on Prysmian, which rockets +5.3%.
Banca Popolare Sondrio soars, recording a substantial +3.94% rise.
Leonardo reports the heaviest losses, currently suffering from a -2.40% down.
Terna is subdued, shedding -0.91%.
Italgas falls just below its previous value.
A2A is sluggish, declining marginally (-0.74%).
WIIT (+17.26%), Ariston Holding (+6.68%), D'Amico (+5.55%) and El.En (+5.09%) are among the big players in the FTSE Italia Mid Cap index.
Fincantieri reports the heaviest losses, currently suffering from a -1.15% down.
Acea is modestly down, shedding -0.65%.
MFE A drifts -0.59% lower.
Among the most important macroeconomy events:
Thursday, 4/24/2025
8:45 AM France: consumer confidence, monthly (expected 91 points; prev. 92 points)
9:00 AM Spain: producer price index, yearly (prev. 6.6%)
10:00 AM Germany: IFO index (expected 85.1 points; prev. 86.7 points)
2:30 PM USA: durable goods orders, monthly (expected 2.1%; prev. 0.9%)
2:30 PM USA: initial jobless claims, weekly (expected 222K units; prev. 215K units)
4:00 PM USA: existing home sales (expected 4.14 Mln units; prev. 4.26 Mln units)
4:00 PM USA: existing home sales, monthly (expected -3%; prev. 4.2%).
(Teleborsa) 04-24-2025 09:30 AM