Market Monday: A Cheeky Glance at Europe’s Financial Whirlwind
So, What’s Happening in Piazza Affari?
Well, wrap up your week in style, folks! Piazza Affari and its European pals have decided to close the session with a bit of a party in positive territory. It’s like they’ve just discovered the joy of a good coupon! Who wouldn’t want to be propped up by the good folks at Wall Street, where the S&P 500 has managed to float just above the dreaded “below parity” zone? It’s all rather upbeat, but let’s not get too giddy just yet!
The ECB Wave Rides On
Our dear friend, the BCE (European Central Bank), has dropped a new bombshell—well, at least in financial terms—by cutting the cost of money. That’s right! Money is getting cheaper like a sale at a discount store. Shopping for cash just got a tad more exciting!
Netflix: The Glorious Overachiever
Meanwhile, Netflix cracks open the bubbly! Their quarterly performance was so positive, it practically delivered a motivational speech. It’s nice to see a streaming service getting results that don’t involve binge-watching six seasons in one weekend—unless you’re into that, of course. There’s always that one friend… you know the one!
China’s GDP: The Uninvited Guest
And let’s not forget our dear friend China. GDP grew by a snappy 4.6%—which, in most circles, would be a cause for celebration, but alas, it’s an 18-month low, and definitely below the government’s target of 5%. If that’s not a case of low-hanging fruit, I don’t know what is! So while Europe is painting the town green, China’s sipping on a soothing herbal tea, contemplating life’s big questions.
The Euro and Gold: A Slight Bounce
On the currency front, our beloved Euro/Dollar is playing a modest game of hopscotch, showing a 0.20% increase. Gold is shining bright at $2,714.9 an ounce—a dazzling 0.82% uptick, because apparently, shiny things still hold their value. Who needs Bitcoin when you’ve got gold, right?
Oil: Going Down Like a Lead Balloon
Now, let’s have a moment of silence for Light Sweet Crude Oil, which has taken a nosedive of 2.17%, plummeting to $69.14 per barrel after they cut demand estimates. Looks like oil is feeling a bit needy after all that hype. Someone check on it; it might be having an existential crisis.
Spread and the Yield: Your Daily Dose of Numbers
The spread has dropped like a heavy load, reaching +112 basis points, and the yield on the 10-year BTP is strutting around at 3.35%. If spreads could dance, they’d be doing the cha-cha across European markets!
All Eyes on Milan
Piazza Affari ended the day with a fractional gain of 0.47% on the FTSE MIB, marking three consecutive increases. Ah, three is a lucky number, after all! The FTSE Italia All-Share is buzzing along nicely, reaching a respectable 37,370 points while the Mid Cap and Star indices also waltz along with modest gains.
Winners & Losers: The Drama of the Market
Among our stars today in Milan is Iveco, soaring by 6.22% after some positive vibes from Volvo! And luxury isn’t going down quietly—with Brunello Cucinelli and Moncler both recovering with gains close to the 3% mark. Cheerio, champagne flutes!
However, not everyone is riding high. Saipem took a hefty hit, closing down at -3.42%, proving that one man’s gain is another man’s epic fail. Then there’s DiaSorin, which mildly faltered, and Recordati, drifting down like a balloon losing air.
The Mid-Cap Mix-Up
Among the Italian mid-cap achievements, we see Technoprobe stealing the spotlight with a 3.90% rise. Meanwhile, Piaggio had a rough outing, closing at -1.52%, which is perhaps why they’re not making scooters fast enough; this one’s got a flat tire!
The Final Say
So, my financial adventurers, as we wrap up this week, remember that the stock market is like a rollercoaster—full of ups, downs, and plenty of unexpected twists. Keep your hands and feet inside the ride, and let’s see what’s in store for next week!
Until then, enjoy your weekend and perhaps indulge in a little less binge-watching (no promises, though!).
(Teleborsa) – Piazza Affari and the other European stock exchanges they close the session and the week in positive territoryalso supported by the good performance of Wall Street, which sees the S&P-500 moving just above parity. The market continues to be supported BCEwhich yesterday announced a new cutting the cost of money. Positive effects were also exerted by Netflix’s positive quarterly performance.
China’s economic slowdown ignoredwhose GDP grew by 4.6%, to an 18-month low and below the government’s target of 5%.
Slight increase for the Euro / US Dollar, showing an increase of 0.20%. Gold continues trading at 2,714.9 dollars per ounce, with an increase of 0.82%. The Petrolium (Light Sweet Crude Oil) collapsed by 2.17%, falling to 69.14 dollars per barrel, after the cut in demand estimates by the IEA and OPEC.
The spread dropped sharply, reaching +112 basis points (-10 basis points), with the yield on the 10-year BTP standing at 3.35%.
Among the European price lists small step forward for Frankfurt, which shows progress of 0.38%, disappointing London, which sits just below the levels of the day before, and composed Paris, which grows by a modest +0.39%.
Piazza Affari ended the day with a fractional gain on the FTSE MIB of 0.47%, continuing the series of three consecutive increases that began last Wednesday; along the same lines, the FTSE Italia All-Share advances fractionally, reaching 37,370 points.
The FTSE Italia Mid Cap rose moderately (+0.54%); following the same trend, the FTSE Italia Star rose (+0.79%).
At the top of the ranking of the most important titles of Milan, Iveco stands out (+6.22%), following the positive results of Volvo.
Luxury recovers with Brunello Cucinelli (+2.63%), after the accounts, and Moncler (+2.11%).
Among the banks, Banca MPS stands out (+2.15%).
The strongest sales hit Saipem, which ended trading at -3.42%.
DiaSorin is weak, showing a small decrease of 0.85%.
Modest decline for Recordati, which drops a small -0.55%.
At the top among Italian shares a mid-capTechnoprobe (+3,90%), Ferretti (+3,84%), Tinexta (+3,45%) e OVS (+3,22%).
The strongest declines, however, occurred on Piaggio, which closed the session at -1.52%.
Danieli thoughtful, with a fractional drop of 1.48%.
Maire Tecnimont hesitates, with a modest decline of 1.25%.
Slow day for Buzzi, which recorded a drop of 0.62%.
