(Telestock) – Piazza Affari shinesunlike the main European stock exchanges which remain anchored to the values of the day before. On the American market there are significant progresses for theS&P-500.
Focus on the banking sector, with BPER reporting a slightly higher half-year profit of €724 million and revising its guidance for the full year (the CEO said the new plan will be based on organic growth and that the bank is focused on cost reduction), while Banco BPM reported a half-year profit of €750 million, also modifying its guidance.
Looking across Europe, Commerzbank posted its best half-year profit in 15 years and maintained its full-year outlook, while ABN AMRO raised its NII guidance for the full year 2024 on the back of higher rates for longer.
On the macroeconomic front, German industrial production rebounded better than expected in June.
L’Euro / US Dollar maintains a substantially stable position at 1.093. TheGold maintains its position substantially stable at 2,393.6 dollars per ounce. Strong rise for oil (Light Sweet Crude Oil), which scores a gain of 3.23%.
Come back down spreadsettling at +144 basis points, with a decrease of 7 basis points, while the yield on the 10-year BTP stands at 3.69%.
Among the markets of the Old Continent in evidence Frankfurtwhich shows a strong increase of 1.50%, stands out London which marks a significant progress of 1.75%, and flies Pariswith a marked increase of 1.91%. The Milan Stock Exchange closed with a strong increase, with the FTSE MIBwhich achieved a gain of 2.33%, thus blocking the bearish trend supported by five consecutive drops, which began last Wednesday; along the same lines, the FTSE Italia All-Sharewhich reaches 33,943 points.
From the closing data of Milan, the value of trades in the session of 07/08/2024 it was equal to 2.84 billion euros, down (-3.29%), compared to the previous 2.94 billion; while the volumes traded went from 0.55 billion shares in the previous session to 0.55 billion.
At the top of the list of the most important titles of Milan, we find MPS Bank (+6.72%), Unicredit (+4.79%), Prysmian (+3.78%) and Nexi (+3.71%).
Among the protagonists of the FTSE MidCap, Carel Industries (+4.91%), CIR (+4.80%), Zignago Glass (+3.65%) and MARR (+3.38%).
The strongest sales, however, hit BFF Bankwhich ended trading at -2.12%.
Substantially weak Ariston Holdingwhich recorded a decrease of 1.10%.
It moves below parity Ferragamoshowing a decrease of 0.53%.
Between macroeconomic quantities most important:
Wednesday 07/08/2024
08:00 Germany: Trade balance (expected 21.7 billion Euro; previous 25.3 billion Euro)
08:00 Germany: Industrial production, monthly (expected 1%; previous -3.1%)
08:00 Germany: Industrial production, annual (previous -7.17%)
08:45 France: Current accounts (previously -2.5 billion euros)
4:30 PM USA: Oil inventories, weekly (expected -1.6 Mln barrels; prev. -3.44 Mln barrels).