European markets up, Milan on the backfoot
(Teleborsa) - Europe's bourses are all trading on the plus side, with the exception of the Milanese market, which is showing signs of weakness.EUR / USD holds its position at 1.075. Gold is essentially stable at previous levels, finishing at 2,315.7 dollars per ounce. Light Sweet Crude Oil slides -0.94% to 77.65 dollars per barrel.
The Spread is broadly on the previous day's level as it settles at +131 basis points, while the Italy ten-year BTP is at +3.75%.
Among the European indices, Frankfurt performs modestly, showing a moderate +0.42% rise, resilient London registers a small increase of 0.41%, and Paris is in good shape, advancing +0.96%.
In Milan, the FTSE MIB is below the flatline as it slips -0.22% to 34,166 points; similarly, the FTSE Italia All-Share is slightly down, trading just below the flatline at 36,400 points.
The FTSE Italia Mid Cap is below the flatline, slipping -0.32%; the FTSE Italia Star holds the line (-0.08%).
Leonardo (+5.17%), Finecobank (+2.07%), Nexi (+1.58%) and Terna (+1.25%) among the best performing blue chips in Piazza Affari.
Ferrari has the worst performance, with a -1.93% down.
Campari is firmly in the red, showing a fall of 1.88%.
Saipem trades negative, losing -1.67%.
Pirelli & C plunges -1.62%.
Intercos (+10.41%), Danieli & C (+1.64%), Ferretti (+1.18%) and MutuiOnline (+1.12%) are among Italy's top mid-cap stocks.
Maire Tecnimont has the worst performance, with a -5.55% down.
Ariston Holding declines by a notable -2.98%.
Industrie De Nora is struggling, -2.77% down.
D'Amico suffers losses of 2.45%.
Among the most important macroeconomy events:
Wednesday, 5/8/2024
8:00 AM Germany: industrial production, monthly (expected -0.6%; prev. 1.7%)
8:00 AM Germany: industrial production, yearly (prev. -5.16%)
10:00 AM Italy: retail sales, monthly (expected 0.2%; prev. 0.1%)
10:00 AM Italy: retail sales, yearly (prev. 2.4%)
4:00 PM USA: wholesale trade inventories, monthly (expected -0.4%; prev. 0.5%)
4:30 PM USA: crude oil stocks change, weekly (expected -1.43 Mln barrels; prev. 7.27 Mln barrels)
Thursday, 5/9/2024
2:30 PM USA: initial jobless claims, weekly (expected 211K units; prev. 208K units).
(Teleborsa) 05-08-2024 01:00 PM