Markets weak, but Milan avoids sell-offs
(Teleborsa) - European bourses close the trading session on a downward note, while Piazza Affari resists the downdraft. Meanwhile, on Wall Street the S&P-500 remains just above the no-change mark.EUR / USD is essentially stable at previous levels, finishing at 1.072. Gold is essentially stable at 2,338.1 dollars per ounce. A gloomy day for Light Sweet Crude Oil, which is trading at 82.92 dollars per barrel, down -0.96%.
The Spread slips to +130 basis points, down -2 BPs, while the Italy 10Y BTP yield stands at +3.81%.
Among the European indices, Frankfurt is sluggish, declining marginally (-0.23%), London reports no significant price changes in the absence of fresh cues, and Paris is modestly down, shedding -0.29%.
In Milan, Piazza Affari sees fairly steady trading around previous levels, with the FTSE MIB finishing at 34,296 points, while, instead, the FTSE Italia All-Share climbs a notch to 36,497 points.
The FTSE Italia Mid Cap climbs +1.03%; similarly, the FTSE Italia Star closes positive (+1.26%).
A2A (+4.64%), Iveco (+2.57%), ERG (+2.48%) and Banca Popolare Sondrio (+2.35%) among the best performing blue chips in Piazza Affari.
Stmicroelectronics reports the heaviest losses, ending the session -1.34% down.
Unicredit drifts -1.16% lower.
Banco Bpm totters along with a modest -0.84% decline.
A sluggish day for Moncler, which drops -0.62%.
D'Amico (+6.23%), Webuild (+5.36%), Alerion Clean Power (+5.07%) and El.En (+5.07%) top the ranks of Milan's mid-caps.
Technoprobe has the worst performance, closing -1.05% down.
The Italian Sea Group trades with a small loss of -1.02%.
Tottering Intercos dips -0.91%.
Fincantieri is definitely weaker with a -0.69% decrease.
Among the most important macroeconomy events:
Monday, 4/29/2024
9:00 AM Spain: consumer price index, yearly (expected 3.4%; prev. 3.2%)
9:00 AM Spain: consumer price index, monthly (prev. 0.8%)
11:00 AM European Union: economic sentiment (expected 96.9 points; prev. 96.2 points)
11:00 AM European Union: consumer confidence (expected -14.7 points; prev. -14.9 points)
11:00 AM European Union: business confidence (expected -8.5 points; prev. -8.9 points)
2:00 PM Germany: consumer price index, monthly (expected 0.6%; prev. 0.4%)
2:00 PM Germany: consumer price index, yearly (expected 2.3%; prev. 2.2%).
(Teleborsa) 04-29-2024 06:02 PM