Milan Stock Exchange in the Red, Waiting for Macro Data, Quarterly Reports Burden Campari and Moncler
Milan Stock Exchange in the Red
The Milan Stock Exchange started the week in the red, with the FTSE MIB index losing 0.5% to 25,730 points, in line with the negative trend of the main European stock exchanges.
Waiting for Macro Data
Investors are waiting for the publication of macro data, including the ZEW index of German economic sentiment for October and the inflation data for the eurozone. These data will provide insights into the health of the European economy and could influence the decisions of central banks on interest rates.
Quarterly Reports Burden Campari and Moncler
Among the companies listed on the Milan Stock Exchange, Campari and Moncler released their quarterly reports, which disappointed investors.
Campari's revenue grew by 15.2% in the first nine months of the year, but the increase was not enough to offset the rise in costs, leading to a decline in profitability. Moncler's revenue increased by 23% in the first nine months, but the strong growth was penalized by unfavorable exchange rate effects, which weighed on the company's margins.
Other Movers
Other notable movers on the Milan Stock Exchange include:
- ENI: -0.7%
- Stellantis: -0.6%
- Intesa Sanpaolo: -0.4%
- Unicredit: -0.3%
- Leonardo: +0.2%
