Moderate gains on the Milan Stock Exchange

The Milan Stock Exchange and other European markets are recovering

(Finance) – Piazza Affari progresses without great momentumwhile the main European markets lose some positions. Meanwhile, on Wall Street theS&P-500.

On the macroeconomic front, in Germany the final inflation reading for September confirmed a slight moderation in prices. In the United Kingdom, the goods trade deficit narrowed in August, while industrial production surprised on the upside with growth.

Meanwhile, in the United States the quarterly reporting season has begun with the first large banks: JPMorgan recorded a third quarter above expectations but increased loan provisions; Wells Fargo reported a decline in third-quarter profit with lower interest income; BlackRock reported record AUM of $11.5 trillion with a third quarter above expectations.

No significant changes forEuro / US Dollarwhich trades on the day before at 1.095. Plus sign forgoldwhich shows an increase of 1.09%. Oil (Light Sweet Crude Oil) continues the session just below parity with a negative change of 0.74%.

On the levels of the day before spreadwhich remains at +129 basis points, with the yield on the 10-year BTP standing at 3.57%.

Among the main European stock exchanges toned Frankfurt which highlights a nice advantage of 0.85%, essentially unchanged Londonwhich reports a moderate +0.19%, and moderate gain for Pariswhich advances by 0.48%. Slightly rising session for Piazza Affari, with the FTSE MIBwhich ends at 34,308 points, consolidating the series of three consecutive increases that began last Wednesday; along the same lines, the FTSE Italia All-Share it makes a small leap forward of 0.68%, reaching 36,455 points.

The exchange value in the session of 10/11/2024 on Piazza Affari it was equal to 2.49 billion euros, down compared to the 2.81 billion on the day before; while the volumes traded went from 0.49 billion shares in the previous session to 0.73 billion.

At the top of the ranking of the most important titles of Milan, we find MPS Bank (+3.09%), A2A (+3.02%), Ferrari (+2.60%) e BPER (+1.91%).

The strongest sales, however, hit Telecom Italiawhich ended trading at -4.63%.

Decline decided for Stellantiswhich marks -2.77%.

He hesitates Nexiwith a modest decline of 0.95%.

Slow day for ERGwhich marks a decline of 0.70%.

Among the protagonists of the FTSE MidCap, LU-VE Group (+7.22%), Brembo (+4.90%), El.En (+2.88%) e Maire Tecnimont (+2.81%).

The worst performances, however, were recorded on D’Amicowhich closed at -2.00%.

Small loss for Ariston Holdingwhich trades at -1.14%.

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