(Telestock) – The main stock markets of the Old Continent moved littleat the start of the week, orphans of the London lighthouse which remained closed today for holidays. Investors’ attention remains focused on monetary policy: the Fed Chairman Jerome Powell has strengthened bets on a September rate cut by the central bank, leaving the door open for further cuts; the decline in wage growth in the second quarter paves the way for a September cut by the ECB. Ahead of the September meetings, investors are looking this week to the release of new inflation data on both sides of the Atlantic. Then on Wednesday, the spotlight will be on the quarterly Nvidia.
Weak session for theEuro / US Dollarwhich trades with a decrease of 0.28%. Slightly higher session for thegoldwhich advances to 2,517.7 dollars per ounce. Oil (Light Sweet Crude Oil), increasing (+0.99%), reaches 75.57 dollars per barrel.
On equality it spreadwhich remains at +137 basis points, with the yield on the 10-year BTP positioned at 3.57%.
Among the Euroland indices moderate contraction for Frankfurtwhich suffers a decline of 0.29%, neglected Pariswhich remains glued to the levels of the day before. The London Stock Exchange is closed for the holiday. Caution prevails at Piazza Affari, with the FTSE MIB which continues the session with a slight decrease of 0.20%; along the same lines, the FTSE Italia All-Sharewhich falls back to 35,763 points.
Among the best performers from Milan, in evidence Telecom Italia (+2.45%) and Nexi (+0.52%).
The strongest sales, however, are seen on Prysmianwhich continues trading at -0.94%.
Undertone Interpump which shows a reduction of 0.88%.
Disappointing BPM Bankwhich sits just below the levels of the day before.
Weak Mediolanum Bankwhich shows a small decrease of 0.65%.
At the top of the mid-cap rankings from Milan, The Italian Sea Group (+1.24%), Juventus (+1.20%), Technoprobe (+0.61%) and Tinexta (+0.51%).
The worst performances, however, are recorded on Danielswhich gets -1.49%.
Modest descent for Ferrettiwhich gives up a small -1.23%.
Thoughtful Brembowith a fractional decline of 1.22%.
He wavers Ifis Bankwith a modest decrease of 0.95%.
Among the macroeconomic appointments which will have the greatest influence on the performance of the markets:
Monday 26/08/2024
09:00 Spain: Production prices, annual (previous -3.5%)
10:00 Germany: IFO Index (expected 86 points; previous 87 points)
2.30pm USA: Durable Goods Orders, Monthly (expected 4%; prev. -6.6%)
Tuesday 27/08/2024
08:00 Germany: GDP, quarterly (expected -0.1%; prev. 0.2%)
3:00 PM USA: FHFA Home Price Index, monthly (expected 0.2%; prev. 0%).