European markets positive

(Teleborsa) - Europe's major markets are trading in positive territory. Piazza Affari is also bullish. On Wall Street, trading remains cautious, with the S&P-500 reporting a +0.12% change.

There is no significant change for EUR / USD which, at 1.078, is traded around previous levels. There is no significant change for gold which, at 2,319 dollars per ounce, is traded around previous levels. Light Sweet Crude Oil slides -0.61% to 78 dollars per barrel.

The Spread touches +133 basis points, a 3 BPs increase over its previous level, with the Italy BTP 10Y yield at +3.75%.

Among the markets of the Old Continent, Frankfurt is in good shape, advancing +0.98%, London stands out, progressing +1.3%, and a positive performance for Paris, which advances by a notable +0.74%.

The Milanese bourse edges up as the FTSE MIB rises +0.62% to 34,198 points; similarly, the FTSE Italia All-Share nudges up to 36,435 points.

The FTSE Italia Mid Cap gains marginally (+0.56%); similarly, the FTSE Italia Star is up +0.93%.

Among Italy's best performing large-caps, Campari takes off (+4.56%).

Unicredit's +2.99% surge cheers investors.

Stmicroelectronics forges ahead by +2.54%.

Generali is in positive territory with a +2.36% increase.

Ferrari sees the heaviest sell-offs, now trading -3.22% lower.

Leonardo is struggling, -2.49% down.

Italgas drifts -1.04% lower.

Finecobank totters along with a modest -1.03% decline.

Technogym (+3.69%), Industrie De Nora (+3.61%), Digital Value (+3.59%) and Anima Holding (+2.82%) are among the big players in the FTSE Italia Mid Cap index.

Iren sees the heaviest sell-offs, now trading -2.39% lower.

Zignago Vetro suffers losses of 1.90%.

A sluggish day for Ariston Holding, which drops -1.47%.

SOL trades with a small loss of -0.89%.

Among the macroeconomic variables of high impact:

Tuesday, 5/7/2024
8:00 AM Germany: Trade balance (expected 22.4 Bln Euro; prev. 21.4 Bln Euro)
8:00 AM Germany: factory orders, monthly (expected 0.4%; prev. -0.8%)
8:45 AM France: current account (prev. 300 Mln Euro)
8:45 AM France: employment, quarterly (expected 0%; prev. 0%)
11:00 AM European Union: retail sales, monthly (expected 0.6%; prev. -0.3%)
11:00 AM European Union: retail sales, yearly (prev. -0.5%)

Wednesday, 5/8/2024
8:00 AM Germany: industrial production, monthly (expected -1%; prev. 2.1%).

(Teleborsa) 05-07-2024 04:00 PM