(Teleborsa) – Europe’s major markets trade in positive territory. Piazza Affari also trades on a bullish note. Wall Street sees the S&P-500 move up a notch, registering an increase of 0.50%.
Caution prevails as EUR / USD continues the session slightly lower (-0.55%). Investors are skittish as gold slides to 3,350.2 dollars per ounce. Light Sweet Crude Oil is firmly bullish (+1.78%), reaching 63.63 dollars per barrel.
The Spread crawls up 1 basis points to +94 BPs, with the Italy BTP 10-year yield at +3.41%.
Among the European markets, Frankfurt records a fairly pedestrian increase of +0.67%, stagnant London trades to a near stalemate, and Paris is only just in the black as it climbs a scant +0.34%.
The Milanese stock exchange closes slightly higher, with the FTSE MIB rising +0.23% to 40,074 points, while, instead, the FTSE Italia All-Share has neither shame nor gain as it closes unchanged at 42,539 points.
The FTSE Italia Mid Cap holds the line (-0.1%); on the same line, the FTSE Italia Star holds previous levels (-0.01%).
Among Italy’s best performing large-caps, Stmicroelectronics forges ahead by +3.44%.
Stellantis is in positive territory with a +2.58% increase.
Amplifon attracts bids with a +2.54% rise.
Prysmian is firmly in the black, progressing +1.73%.
Mediobanca has the worst performance, closing -3.04% down.
Generali suffers losses of 2.06%.
Poste Italiane contracts moderately by -1.46%.
Snam is subdued, shedding -1.32%.
Technoprobe (+5.65%), SOL (+2.98%), Comer Industries (+2.26%) and D’Amico (+2.25%) top the ranks of Milan’s mid-caps.
Juventus sees the heaviest sell-offs, finishing trade -3.77% lower.
Investors hurry to sell as Italmobiliare declines -2.95%.
OVS plunges -2.42% on intense selling.
Investors are selling as Alerion Clean Power records a -2.39% fall.
Among the macroeconomic rendez-vous that might have high influence on the markets:
Tuesday, 6/3/2025
3:45 AM China: Caixin manufacturing PMI (expected 50.8 points; prev. 50.4 points)
10:00 AM Italy: unemployment rate (expected 6.1%; prev. 6.1%)
11:00 AM European Union: unemployment rate (expected 6.2%; prev. 6.3%)
11:00 AM European Union: consumer price index, yearly (expected 2%; prev. 2.2%)
11:00 AM European Union: consumer price index, monthly (prev. 0.6%)
4:00 PM USA: factory orders, monthly (expected -3.1%; prev. 3.4%)
Wednesday, 6/4/2025
10:00 AM European Union: services PMI (expected 48.9 points; prev. 50.1 points).
(Teleborsa) 03-06-2025 18:02