European markets on standby
(Teleborsa) - The major European bourses are trading on a cautious note. Uncertainty and wariness also pervade Milan, where stocks cling close to the flatline. On Wall Street the S&P-500 is basically stagnant, posting a paltry +0.18% change.EUR / USD is essentially stable, finishing at 1.07. Gold is essentially stable at 2,322 dollars per ounce. Light Sweet Crude Oil is just below the flatline, with a negative variation of -0.7%.
The Spread jumps to +136 basis points, an increase of 3 BPs, with the Italy BTP 10Y yield at +3.92%.
Among the markets of the Old Continent, lacklustre Frankfurt registers almost no change against the previous trading session, London lacks momentum, trading with a +0.17% change, and Paris is essentially flat, offering a scant +0.07%.
The Milanese stock market is moving sideways, with the FTSE MIB registering a -0.19% change; similarly, no shame no gain for the FTSE Italia All-Share as it trades flat at 36,443 points.
The FTSE Italia Mid Cap is only just in the black (+0.24%), as the FTSE Italia Star inches up +0.23%.
Stmicroelectronics (+6.68%), Prysmian (+1.46%), Banca Mediolanum (+1.11%) and Moncler (+0.79%) among the best performing blue chips in Piazza Affari.
Recordati reports the heaviest losses, currently suffering from a -4.18% down.
Investors flee as Saipem is down by a massive -3.81%.
ENI is struggling, -2.06% down.
Amplifon suffers losses of 1.69%.
Salcef Group (+18.10%), Brembo (+3.83%), Technoprobe (+2.40%) and Italmobiliare (+1.79%) are among Italy's top mid-cap stocks.
Alerion Clean Power has the worst performance, with a -2.47% down.
Investors hurry to sell as Fincantieri declines -2.11%.
Danieli & C plunges -1.68% on intense selling.
Tottering De'Longhi dips -1.34%.
Among the macroeconomic rendez-vous that might have high influence on the markets:
Wednesday, 4/24/2024
10:00 AM Germany: IFO index (expected 88.9 points; prev. 87.9 points)
2:30 PM USA: durable goods orders, monthly (expected 2.5%; prev. 0.7%)
4:30 PM USA: crude oil stocks change, weekly (expected 1.7 Mln barrels; prev. 2.74 Mln barrels)
Thursday, 4/25/2024
9:00 AM Spain: producer price index, yearly (prev. -8.2%)
2:30 PM USA: initial jobless claims, weekly (expected 215K units; prev. 212K units)
2:30 PM USA: wholesale trade inventories, monthly (expected 0.2%; prev. 0.5%)
2:30 PM USA: gross domestic product, quarterly (expected 2.5%; prev. 3.4%).
(Teleborsa) 04-24-2024 04:00 PM