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. Wall Street edges up, with the S&P-500 recording a +0.39% rise.

EUR / USD goes into red amid broad selling pressure (-0.85%). Gold loses -0.82% to stand at 2,685 dollars per ounce. Light Sweet Crude Oil shows a strong decline (-3.23%) as it touches 70.02 dollars per barrel.

The Spread goes down to +122 basis points, an impressive reduction of 8 BPs over previous levels, with the Italy BTP 10-year yield at +3.65%.

Among the European markets, investors are selling as Frankfurt records a -0.76% fall, London shows a negative session -0.84% down, and troubled Paris falls -1.17%.

The Milanese stock market ends the session just below the flatline as the FTSE MIB sheds -0.48%; similarly, the FTSE Italia All-Share loses -0.46% to close at 35,970 points.

The FTSE Italia Mid Cap holds the line (-0.11%); the FTSE Italia Star closes in the red (-1.1%).

MPS Bank (+3.11%), Pirelli & C (+2.78%), Prysmian (+2.20%) and Saipem (+2.15%) top the ranks of Milan's large-caps.

Unipol sees the heaviest sell-offs, finishing trade -6.12% lower.

Investors flee as Azimut is down by a massive -5.36%.

Bper dives -4.38%.

Iveco collapses (-3.94%).

Juventus (+4.20%), Philogen (+2.50%), Cementir (+2.35%) and Ascopiave (+2.26%) are among Italy's top mid-cap stocks.

Tinexta reports the heaviest losses, ending the session -13.43% down.

D'Amico reels under sharp sell-offs as it declines -7.3%.

An ugly performance for Carel Industries, which registers a -5.9% loss.

Piaggio is down, with a net loss of 4.49%.

(Teleborsa) 11-08-2024 06:02 PM