Milan trades flat. Europe down
(Teleborsa) - On the Old Continent, the major bourses are trading lower , while Piazza Affari hugs the flatline.EUR / USD is essentially stable, finishing at 1.074. Gold holds its position at 2,311.9 dollars per ounce. Light Sweet Crude Oil shows a timid gain of +1.01%.
The Spread is at +132 basis points, near the previous day's level, while the ten-year BTP settles at +3.81%.
Among the European markets, Frankfurt edges higher, showing an increase of 0.36%, London is stuck at the previous session's levels, and it's a stalemate for Paris, which is trading around the flatline.
The Milanese stock market is moving sideways, with the FTSE MIB registering a -0.11% change; similarly, the FTSE Italia All-Share (Milan) hovers around previous levels, trading at 36,348 points.
The FTSE Italia Mid Cap is practically unchanged (-0.16%); on the same trend direction, the FTSE Italia Star holds the line (-0.19%).
Among Italy's best performing large-caps, Nexi sparkles, managing to pull off a +5.72% increase.
Prysmian forges ahead by +2.2%.
A positive result for Tenaris, which inches up +1.44%.
Saipem is essentially healthy, gaining +1.28%.
Bper reports the heaviest losses, currently suffering from a -4.38% down.
Banca Popolare Sondrio plunges -2.06% on intense selling.
Investors are selling as Banco Bpm records a -1.64% fall.
Tottering Leonardo dips -1.41%.
Industrie De Nora (+5.76%), Alerion Clean Power (+1.70%), MutuiOnline (+1.37%) and Piaggio (+1.33%) are among Italy's top mid-cap stocks.
Fincantieri reports the heaviest losses, currently suffering from a -8.89% down.
Banca Ifis shows a negative session -2.88% down.
Troubled BFF Bank falls -2.13%.
Brembo is down, with a net loss of 1.92%.
Among the most relevant macroeconomic data:
Thursday, 5/9/2024
2:30 PM USA: initial jobless claims, weekly (expected 212K units; prev. 208K units)
Friday, 5/10/2024
1:30 AM Japan: real household consumption expenditure, monthly (expected -0.3%; prev. 1.4%)
1:50 AM Japan: current account (expected 3,489 Bln ¥; prev. 2,644 Bln ¥)
8:00 AM United Kingdom: gross domestic product, quarterly (expected 0.4%; prev. -0.3%)
8:00 AM United Kingdom: industrial production, monthly (expected -0.5%; prev. 1.1%)
8:00 AM United Kingdom: industrial production, yearly (prev. 1.4%)
10:00 AM Italy: industrial production, yearly (prev. -3.1%).
(Teleborsa) 05-09-2024 01:00 PM