
European markets rally

EUR / USD holds its position at 1.029. Gold makes timid gains, progressing by +0.4%. Light Sweet Crude Oil shows a strong decline (-1.18%) as it touches 79.1 dollars per barrel.
The Spread is significantly higher, adding 10 basis points to reach +115 BPs, while the Italian 10-year BTP yield is at +3.7%.
Among the European markets, a positive result for Frankfurt, which inches up +0.26%, London is essentially healthy, gaining +0.67%, and Paris progresses +2.02% in an optimal session.
The Italian stock market is on the plus side, as the FTSE MIB rises +0.83%, continuing its run after three consecutive rises, which began last Tuesday; similarly, the FTSE Italia All-Share delivers positive performance, trading +0.83% up over the previous close.
FTSE Italia Mid Cap puts in a good performance (+1%); on the same trend direction, the FTSE Italia Star is trading just above the flatline (+0.46%).
Moncler (+8.75%), Brunello Cucinelli (+3.33%), Campari (+1.86%) and Interpump Group (+1.77%) among the top performers in Milan.
Snam has the worst performance, with a -0.87% down.
Italgas contracts moderately by -0.64%.
Inwit is subdued, shedding -0.56%.
Ferragamo (+7.61%), De'Longhi (+6.05%), Technoprobe (+6.05%) and Tinexta (+5.26%) are among the best performing stocks in the FTSE Italia Mid Cap basket.
Newlat Food reports the heaviest losses, currently suffering from a -2.15% down.
D'Amico plunges -2% on intense selling.
Investors are selling as Banca Ifis records a -1.85% fall.
Caltagirone falls just below its previous value.
(Teleborsa) 01-16-2025 01:00 PM