(Telestock) – The financial session on European stock markets is moving in the direction of an increasewhile Piazza Affari remains behind, trading close to the values of the day before, the day after the ECB meeting where a 25 basis point cut – widely anticipated – and no surprises on the orientation front regarding future moves, still tied to macroeconomic data with decisions made meeting by meeting. With the rate cut in Europe now behind us, investors’ focus now shifts to next week which includes the meetings of the Fed, Bank of England and Bank of Japan in sequence.
On the macroeconomic front, in Japan July industrial production was revised up to 3.1% m/m, from 2.8% m/m preliminary, and to 2.9% y/y, up from 2.7% preliminary. In Francefinal data for August showed a 0.5% m/m increase in inflation, slightly lower than expected (+0.6% m/m), while on an annual basis inflation slowed to 1.8% (from 2.3%), reflecting a moderation in food prices (+0.5% y/y). In Eurozoneindustrial production fell less than expected in July.
THE’Euro / US Dollar continues the session at the levels of the day before, reporting a variation of +0.12%.Gold shows a timid gain, with an increase of 0.27%. Petrolium (Light Sweet Crude Oil) continues the session upwards and advances to $69.92 per barrel.
On equality it spreadwhich remains at +134 basis points, with the 10-year BTP yield which stands at 3.45%.
Among the markets of the Old Continent moderately positive day for Frankfurtwhich rises by a fractional +0.47%, a session without momentum for Londonreflecting a moderate increase of 0.28%, and essentially unchanged Pariswhich reports a moderate +0.14%.
Substantially stable Business Squarewhich continues the session at the levels of the day before, with the FTSE MIB which stops at 33,469 points; on the same line, the remaining at the starting line is FTSE Italia All-Share (Business Square), which is positioned at 35,589 points, close to the previous levels. Good performance by the FTSE Italia Mid Cap (+0.73%); on the same trend, the FTSE Italia Star (+0.81%).
Among the best Blue Chips of Piazza Affari, good ideas on DiaSorinwhich shows a large lead of 1.67%. Small step forward for ENIwhich shows a progress of 1.44%. Compound Amplifierwhich grows by a modest +1.43%. Modest performance for Snamwhich shows a moderate increase of 0.86%.
The strongest drops, however, occur on Nexiwhich continues the session with -4.45%. Disappointing Unicreditwhich settles just below the levels of the day before. Weak Mediolanum Bankwhich shows a small decrease of 0.55%. Modest decline for A2Awhich gives up a small -0.53%.
At the top among Italian stocks mid cap, Sesa (+5.10%), El.En (+3.60%), Ferretti (+3.12%) and Digital Value (+2.69%).
The strongest drops, however, occur on Decemberwhich continues the session with -3.12%. Thoughtful GVSwith a fractional drop of 0.95%. He wavers Caltagirone SpAwith a modest decline of 0.68%. A slow day for Technogymwhich marks a decrease of 0.54%.