Markets weak, but Milan avoids sell-offs
(Teleborsa) - European bourses are trading on a downward note, while Piazza Affari resists the downdraft.EUR / USD is essentially stable at previous levels, finishing at 1.071. Gold loses a lot of ground, retracing by -0.73% to trade at 2,317.8 dollars per ounce. Light Sweet Crude Oil is just below the flatline, with a negative variation of -0.24%.
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 markets, lacklustre Frankfurt registers almost no change against the previous trading session, London is modestly up (+0.34%), and Paris lacks momentum, trading with a -0.04% change.
The Milanese stock market is moving sideways, with the FTSE MIB registering a +0.1% change; similarly, the FTSE Italia All-Share (Milan) hovers around previous levels, trading at 36,531 points.
The FTSE Italia Mid Cap lacks direction (-0.12%); similarly, the FTSE Italia Star is practically unchanged (-0.1%).
Among Italy's best performing large-caps, Finecobank records a fairly pedestrian increase of +1.16%.
Hera is only just in the black as it climbs a scant +0.76%.
ENI lacks momentum in this session, reflected in a moderate gain of 0.72%.
Enel makes fairly pedestrian progress (+0.66%).
Stellantis sees the heaviest sell-offs, now trading -1.29% lower.
Telecom Italia totters along with a modest -0.97% decline.
A sluggish day for Inwit, which drops -0.6%.
Prysmian trades with a small loss of -0.59%.
Lottomatica (+1.99%), Digital Value (+1.91%), Intercos (+1.37%) and Webuild (+0.83%) top the ranks of Milan's mid-caps.
Caltagirone sees the heaviest sell-offs, now trading -1.15% lower.
Tottering Fincantieri dips -1.11%.
Alerion Clean Power is definitely weaker with a -1.1% decrease.
Ariston Holding slips just under the flatline with a -0.88% decrease.
Among the macroeconomic rendez-vous that might have high influence on the markets:
Tuesday, 4/30/2024
1:30 AM Japan: unemployment rate (expected 2.5%; prev. 2.6%)
1:50 AM Japan: industrial production, monthly (expected 3.4%; prev. -0.6%)
1:50 AM Japan: retail sales, yearly (expected 2.5%; prev. 4.7%)
3:45 AM China: Caixin manufacturing PMI (expected 51 points; prev. 51.1 points)
7:30 AM France: gross domestic product, quarterly (expected 0.1%; prev. 0.1%)
8:00 AM Germany: retail sales, monthly (expected 1.3%; prev. -1.9%)
8:00 AM Germany: retail sales, yearly (prev. -2.7%).
(Teleborsa) 04-30-2024 09:30 AM