(Telestock) – Today’s session was substantially bullish for the Milan stock exchangein a more than positive European context. Tonic theS&P-500which on the US market marks an increase of 0.91%.
US inflation data continued to support stock markets, reinforcing expectations of a Fed rate cut in September, while attention remains focused on the banks’ quarterly results coming out overseas.
Seat slightly up for theEuro / US Dollarwhich advances at 1.09. TheGold continues the session at the levels of the day before, reporting a variation of -0.17%. No significant variation for the oil market, with oil (Light Sweet Crude Oil) settling at the values of the day before at 82.76 dollars per barrel.
At the same levels as yesterday spreadwhich remains at +132 basis points, with the yield on the 10-year BTP positioned at 3.80%.
Among the European price lists good performance for Frankfurtwhich grows by 1.15%, moderate gain for Londonwhich advances by 0.36%, and is supported Pariswith a decent gain of 1.27%. Positive session for the Milan stock exchange, which takes home a gain of 0.76% on the FTSE MIBcontinuing the positive streak that began last Wednesday; along the same lines, the FTSE Italia All-Share ends the day up 0.77%.
The value of trades in the session of 07/12/2024 at Piazza Affari it was equal to 1.96 billion euros, down from 2.13 billion the day before; while the volumes traded went from 0.49 billion shares in the previous session to 0.46 billion.
At the top of the list of the most important titles of Milan, we find Iveco (+2.37%), Moncler (+1.96%), Amplifier (+1.73%) and STMicroelectronics (+1.67%).
The strongest sales, however, hit A2Awhich ended trading at -0.79%.
Undertone Prysmian which shows a reduction of 0.73%.
Disappointing Mediobancawhich sits just below the levels of the day before.
Weak Sondrio People’s Bankwhich shows a small decrease of 0.57%.
At the top among Italian stocks mid cap, BFF Bank (+11.35%), SOL (+4.54%), Mondadori (+4.45%) and Ferragamo (+3.63%).
The strongest drops, however, occurred on MFE Bwhich closed the session at -3.49%.
Sharp drop for MFE Awhich marks a -3.33%.
Under pressure Technoprobewith a sharp decline of 2.00%.
Modest descent for Lottomaticawhich gives up a small -1.26%.
Among the data relevant macroeconomics:
Friday 12/07/2024
06:30 Japan: Industrial production, monthly (expected 2.8%; previous -0.9%)
08:45 France: Consumer prices, monthly (expected 0.1%; previous 0%)
08:45 France: Consumer prices, annual (expected 2.1%; previous 2.3%)
9:00 am Spain: Consumer prices, monthly (expected 0.3%; prev. 0.3%)
9:00 am Spain: Consumer prices, annual (expected 3.4%; previous 3.6%).