A grim day for European equity. Milan in the red

(Teleborsa) - The major European bourses are all in the doldrums. The Milanese stock exchange is also down, but experiences less severe losses. While the US stock market also slipped into the red.

There is no significant change for EUR / USD which, at 1.086, is traded around previous levels. Gold collapses (-1.65%), hitting 2,740.6 dollars per ounce. Light Sweet Crude Oil trades with a fractional gain of 0.77%.

The Spread retraces its steps, dipping -1.56% to +126 basis points, while the Italy 10-year BTP yield is at +3.66%.

Among the European markets, Frankfurt suffers losses of 0.93%, London slips just under the flatline with a -0.61% decrease, and investors hurry to sell as Paris declines -1.05%.

Piazza Affari closes fractionally lower as the FTSE MIB sheds -0.64%, continuing its downward trajectory that has seen three consecutive drops since last Tuesday; similarly, the FTSE Italia All-Share finishes below the flatline, at 36,380 points.

The FTSE Italia Mid Cap spirals down (-0.74%); on the same trend direction, the FTSE Italia Star declines -1.07%.

Stellantis (+2.93%), Nexi (+1.72%), Tenaris (+0.90%) and Saipem (+0.78%) among the top performers in Milan.

ERG has the worst performance, closing -3.19% down.

Stmicroelectronics plunges -2.81% on intense selling.

Investors are selling as Campari records a -2.34% fall.

Brunello Cucinelli shows a negative session -2.21% down.

Fincantieri (+3.25%), BFF Bank (+2.10%), MFE B (+1.97%) and Webuild (+1.40%) are among the big players in the FTSE Italia Mid Cap index.

Digital Value has the worst performance, closing -5.53% down.

A black day for Juventus, which sheds -5.46%.

Troubled Ferretti falls -3.74%.

D'Amico is down, with a net loss of 2.37%.

Among the most relevant macroeconomic data:

Thursday, 10/31/2024
12:50 AM Japan: industrial production, monthly (expected 0.9%; prev. -3.3%)
12:50 AM Japan: retail sales, yearly (expected 2.1%; prev. 3.1%)
8:00 AM Germany: retail sales, monthly (expected -0.7%; prev. 1.2%)
8:00 AM Germany: retail sales, yearly (expected 1.6%; prev. 2.5%)
8:45 AM France: consumer price index, monthly (expected 0.2%; prev. -1.3%)
8:45 AM France: consumer price index, yearly (expected 1.9%; prev. 1.1%)
8:45 AM France: producer price index, monthly (prev. 0.3%).

(Teleborsa) 10-31-2024 06:02 PM