(Finance) – Today’s session was substantially bullish for the Milanese stock exchangein a more than positive European context. In the USA, theS&P-500.
Excellent performance for the luxury sector which benefited from the news that the French giant LVMH purchased 10% of Double R, the vehicle of the Ruffini family which holds a direct stake in Moncler equal to 15.8%; Double R will increase its stake in Moncler by up to 18.5% through a Moncler share purchase program over a period of approximately 18 months, with financing for such purchases to be made available by LVMH.
On the macroeconomic front, in France in September inflation marked a sharp slowdown, as in Spain. In Germany the unemployment rate remained stable at 6% in September. In Italy, industry turnover fell in July. In the Eurozone, confidence fell slightly in September. Across the pond, the U.S. Department of Commerce’s report on the Personal Consumption Expenditure Index (PCE), the Fed’s preferred inflation indicator, also pointed to slowing prices in August.
THE’Euro / US Dollar the session continues at the levels of the day before, reporting a change of -0.17%. Bad day forgoldwhich continues the session at 2,646.7 dollars an ounce, down 0.89%. Oil (Light Sweet Crude Oil) shows a modest gain and marks a +0.25%.
On the levels of the day before spreadwhich remains at +130 basis points, with the yield on the 10-year BTP standing at 3.45%.
Among the main European stock exchanges toned Frankfurt which highlights a nice lead of 1.22%, moderate gain for Londonwhich advances by 0.43%, and small steps forward for Pariswhich marks a marginal increase of 0.64%. Positive session for the Milanese stock exchange, which brought home a gain of 0.92% on the FTSE MIB; on the same line, rising FTSE Italia All-Sharewhich increases compared to the day before, reaching 36,905 points.
At the close of the Milan Stock Exchange, the exchange value in the session of 09/27/2024 it was equal to 3.02 billion euros, a marked decrease (-17.82%), compared to the previous session which had seen the negotiation of 3.67 billion euros; while the volumes traded went from 0.61 billion shares in the previous session to 0.47 billion.
Among the best Blue Chips of Piazza Affari, incandescent Monclerwhich boasts a significant increase of 10.91%.
In the foreground STMicroelectronicswhich shows a strong increase of 5.96%.
Take off Stellantiswith an important progress of 3.99%.
Highlighted Brunello Cucinelliwhich shows a strong increase of 3.82%.
The strongest sales, however, hit Prysmianwhich ended trading at -2.55%.
Modest descent for Ferrariwhich drops a small -0.86%.
Thoughtful Banca Popolare di Sondriowith a fractional decline of 0.85%.
He hesitates Leonardowith a modest decline of 0.78%.
At the top of the mid-cap stocks ranking of Milan, Safilo (+5.25%), Ferragamo (+5.06%), GVS (+3.01%) e Danieli (+2.87%).
The strongest sales, however, hit Digital Valuewhich ended trading at -2.42%.
Decline decided for D’Amicowhich marks -1.68%.
Slow day for Buzziwhich marks a decline of 1.36%.
Small loss for Generali Bankwhich trades at -1.26%.
Among them macroeconomic variables of greater weight:
Friday 09/27/2024
08:45 France: Consumer prices, monthly (expected -0.7%; previously 0.5%)
08:45 France: Consumer prices, annual (expected 1.6%; previously 1.8%)
08:45 France: Production prices, monthly (previously 0.3%)
08:45 France: Production prices, annual (previous -5.7%)
09:00 Spain: GDP, quarterly (expected 0.8%; previously 0.8%).