(Telestock) – The main Euroland markets are moving in positive territoryas the countdown to tomorrow’s ECB meeting has begun, which is expected to launch a new rate cut. Next week will be the Fed’s turn, with investors leaning toward a 50 basis point cut.
There is also anticipation for the August US consumer price index data, due out today, which is expected to slow from 2.9% to 2.6% in August.
THE’Euro / US Dollar continues trading with a fractional gain of 0.27%. Slight increase for thegoldwhich shows a rise of 0.42%. Slight increase in oil (Light Sweet Crude Oil) which rises to 66.61 dollars per barrel.
Consolidates the levels of the day before spreadsettling at +139 basis points, with the yield on the 10-year BTP standing at 3.48%.
Among the European price lists moderately positive day for Frankfurtwhich rises by a fractional +0.43%, overlooked Londonwhich remains glued to the levels of the day before, and sits without impetus for Pariswhich reflects a moderate increase of 0.30%. Piazza Affari continues the session with a fractional gain on FTSE MIB of 0.36%; along the same lines, the FTSE Italia All-Share advances fractionally, reaching 35,440 points.
Among the best italian stocks large cap, good performance for Saipemwhich grows by 2.31%.
Supported Ivecowith a decent gain of 2.31%.
Good ideas on STMicroelectronicswhich shows a wide lead of 2.03%.
Well set up Unicreditwhich showed an increase of 1.66% after announcing the purchase of 9% of Commerzbank.
The worst performances, however, are recorded on Mediobancawhich gets -1.07%.
Thoughtful Generali Insurancewith a fractional drop of 0.96%.
He wavers Enelwith a modest decrease of 0.89%.
Weak day for Recordedwhich marks a decrease of 0.87%.
At the top among Italian stocks mid cap, The Italian Sea Group (+2.74%), Ferretti (+2.63%), Alerion Clean Power (+2.59%) and Ariston Holding (+2.40%).
The strongest sales, however, are seen on Ascopiavewhich continues trading at -0.91%.
Small loss for Technogymwhich trades at -0.59%.
Among the macroeconomic appointments which will have the greatest influence on the performance of the markets:
Wednesday 11/09/2024
08:00 United Kingdom: Industrial production, annual (expected -0.2%; prev. -1.4%)
2.30pm USA: Consumer prices, monthly (expected 0.2%; prev. 0.2%)
2.30pm USA: Consumer prices, annual (expected 2.6%; prev. 2.9%)
4:30 PM USA: Oil inventories, weekly (previous -6.87 Mln barrels)
Thursday 12/09/2024
01:50 Japan: Production prices, monthly (expected 0%; prev. 0.3%).