(Telestock) – European stock markets close the session on the risewith the FTSE MIB in the top positions thanks to a series of corporate financial results better than expected, which led to an upward revision of the guidance for the end of the year. In particular, Italian post raised its guidance on operating profit for the year, while Intesa Sanpaolo raised its 2024 net profit estimate to “over 8.5 billion euros”, with CEO Carlo Messina saying he was confident about new buybacks.
However, other European indices are also rising, strengthened by Eurozone Q2 GDP data beats forecasts (preliminary growth stood at +0.3% on a quarterly basis and +0.6% on an annual basis). The change reflects very different dynamics among the various countries: in Italy, GDP recorded an increase of +0.2% on a quarterly basis, in line with expectations; data from France (+0.3% against +0.2%) and Spain (+0.8% against +0.5%) were higher than expected, while in Germany the result was lower than expected (-0.1% against +0.1%)
Still on the macroeconomic front, in theEurozone In July, the EU Commission’s monthly surveys showed a synthetic index of economic situation better than consensus estimates (95.8 versus 95.4), but still down for the second consecutive month (in June it was 95.9).
L’Euro / US Dollar is substantially stable and stops at 1.081. TheGold maintains its position substantially stable at 2,384.4 dollars per ounce. Sales prevail on the petrolium (Light Sweet Crude Oil), which continues the day at $74.71 per barrel, down sharply by 1.45%.
Small step towards the top of the spreadwhich reaches +138 basis points, showing an increase of 2 basis points, with the 10-year BTP yield equal to 3.70%.
Among the Euroland indices small steps forward for Frankfurtwhich marks a marginal increase of 0.50%, a weak day for Londonwhich marks a decrease of 0.22%, and a moderately positive day for Pariswhich rises by a fractional +0.42%.
Positive session for the Milan price listwhich takes home a gain of 0.79% on the FTSE MIB; along the same lines, the FTSE Italia All-Share ends the day up 0.76%. Moderately up the FTSE Italia Mid Cap (+0.5%); as well as slightly positive the FTSE Italia Star (+0.28%).
In the Milan Stock Exchange, the value of trades in the session of 07/30/2024 it was equal to 0 billion euros, down by 2,093.4 million euros, compared to 2.09 billion the day before; volumes stood at 0 billion shares, compared to the previous 0.35 billion.
Between best performers from Milan, in evidence Sondrio People’s Bank (+4.68%), Italian post (+4.32%), Intesa Sanpaolo (+3.54%) and MPS Bank (+2.68%).
The worst performances, however, were recorded on Recordedwhich closed at -6.83%. Cautious trend for DiaSorinwhich shows a performance of 0%. The negative performance of stands out Campariwhich falls by 2.86%. Amplifier falls by 1.76%.
At the top among Italian stocks mid cap, Cement (+6.26%), Ariston Holding (+3.21%), CIR (+3.13%) and The Italian Sea Group (+3.08%).
The strongest sales, however, hit De Nora Industrieswhich ended trading at -2.47%. A sharp decline for Fincantieriwhich marks a -1.99%. Small loss for Lottomaticawhich trades at -1.29%. Hesitant Alerion Clean Powerwhich gives up 1.36%.