(Finance) – Slight increase for the FTSE MIB, like the main European stock exchanges, at the end of a week of rate cuts by Switzerland (50 basis points at 0.5%, more than the expected 25 basis points), Canada (for the fifth consecutive meeting at 3.25%) and the European Central Bank (as expected at 25 basis points, also if there were discussions about 50 basis points). Francois Villeroy de Galhaua member of the ECB governing council, said the central bank is likely to ease rates further next year and that it is comfortable with market projections of future rates.
Next week it’s the Fed’s turn, which is expected to implement a rate cut of 25 basis points on Wednesdaywith the focus likely to be on the press conference and whether Fed Chair Powell confirms market expectations that no consecutive cuts should be expected in 1Q 2025.
On the macroeconomic front, in United Kingdom Industrial production surprisingly fell in October Germany the trade surplus fell more than expected in October, in France November inflation was revised to -0.1% month-on-month, in Spain November inflation was confirmed at +2.4% on year, in Eurozone industrial production fell less than expected in October on a year-on-year basis and remained unchanged on a month-on-month basis.
No significant changes forEuro / US Dollarwhich trades on the day before at 1.049. Session in fractional decline for thegoldwhich leaves, for now, 0.41% on the floor. The Petrolium (Light Sweet Crude Oil) continues the session on the rise and advances to 70.64 dollars per barrel.
Markedly rising spreadwhich is positioned at +118 basis points, with a strong increase of 11 basis points, while the BTP with 10 year maturity reports a yield of 3.36%.
In the European stock market scenario Frankfurt advances by 0.27%, neglected Londonwhich remains glued to the levels of the day before, and is moving modestly upwards Parishighlighting an increase of 0.24%.
Slight increase for Milan Stock Exchangewhich shows on the FTSE MIB an increase of 0.23%; along the same lines, little leap forward for the FTSE Italia All-Sharewhich reaches 37,170 points. Just above parity the FTSE Italia Mid Cap (+0.25%); without direction the FTSE Italia Star (+0.02%).
Among them best Italian shares large cap, well bought Ivecowhich marks a strong increase of 2.76%. Telecom Italia advances by 2.13%. Positive balance sheet for Stellantiswhich boasts an increase of 1.33%. Substantially toned Ferrariwhich recorded a capital gain of 1.16%.
The worst performances, however, are recorded on Record yourselfwhich gets -0.78%. Moderate contraction for Unicreditwhich suffers a drop of 0.71%. Undertone Terna which shows a reduction of 0.67%. Disappointing Brunello Cucinelliwhich lies just below the levels of the day before.
At the top of the mid-cap stocks ranking of Milan, Technoprobe (+3.01%), Juventus (+2.12%), MFE A (+1.81%) e Intercos (+1.79%).
The steepest declines, however, occur at Digital Valuewhich continues the session with -12.96%. Lame D’Amicowhich shows a small decrease of 0.85%. Modest descent for Buzziwhich drops a small -0.79%. Thoughtful Multiply Groupwith a fractional decline of 0.63%.