(Finance) – The main European stock markets ended on the upside, the day after the decision of the European Central Bank to cut the cost of money by 25 basis points, in line with analysts’ forecasts. Staying on the subject of monetary policythe anticipation for the moves of the Federal Reservewhich will announce a rate cut next week, on September 18, but it is not yet clear whether it will be by 25 or 50 basis points.
THE’Euro / US Dollar maintains a substantially stable position at 1.108. Plus sign for thegoldwhich shows an increase of 0.78%. Slight increase in oil (Light Sweet Crude Oil) which rises to 69.56 dollars per barrel.
Slight improvement of the spreadwhich drops to +133 basis points, with a decrease of 2 basis points, while the yield on the 10-year BTP stands at 3.44%.
In the European stock market scenario good ideas on Frankfurtwhich shows a large lead of 0.98%, small steps forward for Londonwhich marks a marginal increase of 0.39%, and a moderately positive day for Pariswhich rises by a fractional +0.41%. The Milan stock exchange shows a timid gain at the close, with the FTSE MIB which achieved a +0.34%; along the same lines, the FTSE Italia All-Share makes a small leap forward of 0.40%, reaching 35,693 points.
From the closing data of the Italian Stock Exchange, it appears that the value of trades in the session of 09/13/2024 it was equal to 1.91 billion euros, down 17.30%, compared to 2.31 billion the day before; while the volumes traded went from 0.91 billion shares in the previous session to 0.61 billion.
Among the best performers from Milan, in evidence Iveco (+2.52%), Telecom Italia (+2.41%), STMicroelectronics (+1.92%) and DiaSorin (+1.91%).
The worst performances, however, were recorded on Campariwhich closed at -5.64%.
Under pressure Nexiwhich shows a decrease of 2.84%.
Undertone Fineco which shows a reduction of 0.96%.
Disappointing Unicreditwhich sits just below the levels of the day before.
At the top of the mid-cap rankings from Milan, Sesa (+4.59%), Fincantieri (+4.00%), El.En (+3.60%) and Carel Industries (+3.37%).
The strongest sales, however, hit Decemberwhich ended trading at -1.90%.
Weak GVSwhich shows a small decrease of 1.42%.
Modest descent for Maire Tecnimontwhich gives up a small -1.28%.
Thoughtful Caltagirone SpAwith a fractional drop of 0.68%.
Among the data relevant macroeconomics:
Friday 09/13/2024
06:30 Japan: Industrial production, monthly (expected 2.8%; previous -4.2%)
08:45 France: Consumer prices, monthly (expected 0.6%; previous 0.2%)
08:45 France: Consumer prices, annual (expected 1.9%; previous 2.3%)
11:00 European Union: Industrial production, monthly (expected -0.6%; prev. -0.1%)
11:00 European Union: Industrial production, annual (expected -2.7%; prev. -4.1%).