(Telestock) – Purchases prevail on the Milan Stock Exchangepink jersey in Europe, with stock markets appearing to have put behind them fears of a recession in the US economy after data on retail sales and unemployment benefits. Statistics that have reinforced expectations that the Federal Reserve will cut interest rates, at its meeting in September.
On the currency market, theEuro / US Dollar maintains a substantially stable position at 1.099. TheGold shows a timid gain, with an increase of 0.48%. A day to forget for oil (Light Sweet Crude Oil), which trades at 76.1 dollars per barrel, with a decrease of 2.63%.
The increase in the spreadwhich stands at +140 basis points, with a sharp increase of 8 basis points, while the 10-year BTP reports a yield of 3.59%.
Among the main European stock exchanges modest performance for Frankfurtwhich shows a moderate increase of 0.56%, disappointing Londonwhich lies just below the levels of the day before, and is resistant Pariswhich marks a small increase of 0.21%. In Milan, the FTSE MIB (+2.07%), reaching 32,998 points, continuing the positive streak that began last Friday; along the same lines, the FTSE Italia All-Sharewhich with its +1.97% advances to 35,137 points.
Among the best Blue Chips of Piazza Affari, in light STMicroelectronicswith a large increase of 3.61%.
Positive trend for Ferrariwhich advances by a decent +3.35%.
Well bought Mediobancawhich marks a strong increase of 3.34%.
Unicredit advances by 3.12%.
Among the protagonists of the FTSE MidCap, BFF Bank (+3.52%), Carel Industries (+3.25%), Ariston Holding (+3.06%) and LU-VE Group (+2.69%).
The strongest sales, however, are seen on Technogymwhich continues trading at -1.78%.
Weak Juventuswhich shows a small decrease of 0.96%.
Modest descent for De Nora Industrieswhich gives up a small -0.6%.
Thoughtful De’Longhiwith a fractional drop of 0.59%.
Among the macroeconomic variables of greater weight:
Friday 08/16/2024
06:30 Japan: Services index, monthly (expected 0.3%; prev. 0.6%)
08:00 United Kingdom: Retail sales, monthly (expected 0.6%; previous -0.9%)
08:00 United Kingdom: Retail sales, annual (expected 1.4%; previous -0.3%)
11:00 European Union: Trade balance (expected 13.3 billion Euro; previous 13.9 billion Euro)
2.30pm USA: Construction sites opening (expected 1.34 million units; previous 1.35 million units).