European bourses negative. Milan holds steady

(Teleborsa) - The major European markets dip into negative terrain, while Piazza Affari manages to avoid a selling spree as stocks hover near the flatline. Meanwhile on Wall Street the S&P-500 marks a +0.21% gain.

EUR / USD broadly maintains the previous session's levels, with a change of only -0.04%. Gold holds its position at 2,334.5 dollars per ounce. Light Sweet Crude Oil is largely stable at 83.59 dollars per barrel.

The Spread is at +131 basis points, near the previous day's level, while the ten-year BTP settles at +3.82%.

Among the European indices, Frankfurt is subdued, shedding -0.29%, London is essentially healthy, gaining +0.2%, and lacklustre Paris registers almost no change against the previous trading session.

In Milan, the FTSE MIB is largely stable, trading at 34,217 points; similarly, the FTSE Italia All-Share is trading flat at 36,396 points.

The FTSE Italia Mid Cap inches up +0.33%; on the same line, the FTSE Italia Star is trading just above the flatline (+0.49%).

Among Italy's best performing large-caps, A2A rockets +4.02%.

ERG forges ahead by +2.24%.

Iveco is in positive territory with a +1.98% increase.

Nexi is modestly up (+1.46%).

Unicredit has the worst performance, with a -1.68% down.

Stmicroelectronics falls just below its previous value.

MPS Bank is sluggish, declining marginally (-1.11%).

Interpump Group is modestly down, shedding -0.97%.

Alerion Clean Power (+4.95%), D'Amico (+4.79%), Webuild (+4.21%) and Iren (+3.57%) are among the big players in the FTSE Italia Mid Cap index.

The Italian Sea Group reports the heaviest losses, currently suffering from a -3.17% down.

Technoprobe drifts -1.18% lower.

Brembo totters along with a modest -1.08% decline.

A sluggish day for OVS, which drops -1.04%.

Among the macroeconomic variables of high impact:

Monday, 4/29/2024
9:00 AM Spain: consumer price index, yearly (expected 3.4%; prev. 3.2%)
9:00 AM Spain: consumer price index, monthly (prev. 0.8%)
11:00 AM European Union: economic sentiment (expected 96.9 points; prev. 96.2 points)
11:00 AM European Union: consumer confidence (expected -14.7 points; prev. -14.9 points)
11:00 AM European Union: business confidence (expected -8.5 points; prev. -8.9 points)
2:00 PM Germany: consumer price index, monthly (expected 0.6%; prev. 0.4%)
2:00 PM Germany: consumer price index, yearly (expected 2.3%; prev. 2.2%).

(Teleborsa) 04-29-2024 04:00 PM