(Finance) – Piazza Affari does not move from the values of the day beforein line with the main Euroland markets, at the end of a week of rate cuts by the Swiss (50 basis points at 0.5%, more than the expected 25 basis points), del Canada (for fifth consecutive meeting at 3.25%) and of European Central Bank (as expected at 25 basis points, although there have been discussions on 50 basis points).
Today Francois Villeroy de Galhau said the central bank will likely ease rates further next year and that it is comfortable with market projections of future rates, Robert Holzmann said interest rates will fall towards a neutral level of around 2% , José Luis Escrivá believes Frankfurt is likely to cut rates further next year if inflation continues to converge towards the 2% target.
Next week it’s the turn of Federal Reserve that is expected to implement a 25 basis point rate cut on Wednesday, with 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. In in the meantime remains without direction in the USAS&P-500.
THE’Euro / US Dollar shows a timid gain, with an increase of 0.28%. Caution prevails overgoldwhich continues the session with a slight decline of 0.66%. Oil (Light Sweet Crude Oil) continues trading, with an increase of 1.32%, at 70.94 dollars per barrel.
Noticeable worsening of spreadwhich reaches +114 basis points, increasing by 7 basis points, while the 10-year BTP reports a yield of 3.38%.
Among the main European stock exchanges cautious trend for Frankfurtwhich shows a performance of -0.1%, little changed Londonwhich shows -0.14%, and essentially unchanged Pariswhich reports a moderate -0.15%. Piazza Affari closed the session at the levels of the day before, reporting a change of +0.09% on the FTSE MIB; on the same line, colorless the FTSE Italia All-Sharewhich closed the session at 37,120 points, on the previous day’s levels.
From the closing data of Milan, the exchange value in the session of 12/13/2024 it was equal to 2.46 billion euros, down (-10.03%), compared to the previous 2.73 billion; while the volumes traded went from 0.63 billion shares in the previous session to 0.83 billion.
Among the best Blue Chips of Piazza Affari, money up Telecom Italiawhich recorded an increase of 2.69%.
Definitely positive balance sheet for Ivecowhich boasts an increase of 2.41%.
Good performance for BPERwhich grows by 1.67%.
Resistant MPS Bankwhich marks a small increase of 1.37%.
The strongest sales, however, hit Brunello Cucinelliwhich ended trading at -1.89%.
It slides Monclerwith a clear disadvantage of 1.84%.
Small loss for Amplifonwhich trades at -1.29%.
He hesitates Campariwhich lost 1.15%.
Between the best stocks in the FTSE MidCap, MFE B (+3.02%), Technoprobe (+2.42%), OVS (+2.33%) e MFE A (+1.74%).
The strongest sales, however, hit Digital Valuewhich ended trading at -13.33%.
In red Ariston Holdingwhich highlights a sharp decline of 2.79%.