Milan treads water
(Teleborsa) - The Italian stock market remains unchanged , while Europe's major bourses slide.EUR / USD broadly maintains the previous session's levels, with a change of only +0.03%. Gold trades down -0.31% in a weak session. A slight gain for Light Sweet Crude Oil, showing a rise of 0.69%.
The Spread flatlines, remaining at +130 basis points, while the Italian ten-year BTP is at +3.84%.
Among the European indices, Frankfurt falls just below its previous value, London trades firm at +0.19%, and Paris shows a negative session -0.87% down.
The Milan stock exchange takes a breather, with the FTSE MIB trading at 33,738 points; similarly, no shame no gain for the FTSE Italia All-Share as it trades flat at 35,925 points.
The FTSE Italia Mid Cap holds the line (+0.06%); similarly, the FTSE Italia Star holds previous levels (+0.16%).
Among Italy's best performing large-caps, MPS Bank is in good fettle with a +2.59% increase.
Hera is in good shape, advancing +2.06%.
Terna stands out, progressing +1.62%.
A positive performance for ERG, which advances by a notable +1.58%.
Stellantis has the worst performance, with a -4.48% down.
Troubled ENI falls -1.69%.
Stmicroelectronics is down, with a net loss of 1.62%.
Iveco is firmly in the red, showing a fall of 1.61%.
Ariston Holding (+1.69%), Alerion Clean Power (+1.37%), El.En (+1.10%) and Anima Holding (+1.09%) are among the big players in the FTSE Italia Mid Cap index.
Juventus reports the heaviest losses, currently suffering from a -0.89% down.
Digital Value is sluggish, declining marginally (-0.85%).
Intercos is modestly down, shedding -0.76%.
Brembo drifts -0.7% lower.
Among the most important macroeconomy events:
Thursday, 5/2/2024
10:00 AM European Union: manufacturing PMI (expected 45.6 points; prev. 46.1 points)
10:00 AM Italy: producer price index, monthly (prev. -1%)
10:00 AM Italy: producer price index, yearly (prev. -10.8%)
1:30 PM USA: challenger job cuts (prev. 90.31K units)
2:30 PM USA: productivity index, quarterly (expected 0.8%; prev. 3.2%)
2:30 PM USA: initial jobless claims, weekly (expected 212K units; prev. 207K units)
2:30 PM USA: Trade balance (expected -69.5 Bln $; prev. -68.9 Bln $).
(Teleborsa) 05-02-2024 09:30 AM