All European markets slightly lower
(Teleborsa) - Milan flags in the wake of Europe's major bourses.EUR / USD climbs a tad to 1.053. Gold advances with a fractional gain of +0.58%. Light Sweet Crude Oil shows a timid gain of +0.43%.
The Spread is up at +130 basis points, an increase of 5 BPs, with the Italy BTP 10Y yield at +3.45%.
Among the markets of the Old Continent, Frankfurt slips just under the flatline with a -0.39% decrease, London trades firm at -0.01%, and troubled Paris falls -1.02%.
The Milan stock market looks weak, with the FTSE MIB trading -0.65% lower, extending its bearish run of three consecutive declines, which started last Monday; similarly, the FTSE Italia All-Share comes under sell-off pressure as it retreats to 35,108 points.
The FTSE Italia Mid Cap slips a fraction (-0.33%); on the same trend direction, the FTSE Italia Star hovers just below the flatline (-0.22%).
Saipem (+1.25%), Azimut (+1.07%), MPS Bank (+0.75%) and Recordati (+0.58%) top the ranks of Milan's large-caps.
Stmicroelectronics sees the heaviest sell-offs, now trading -2.52% lower.
Generali is down, with a net loss of 2.06%.
Iveco contracts moderately by -1.43%.
Tenaris is subdued, shedding -1.42%.
Digital Value (+10.70%), Moltiply Group (+1.05%), Italmobiliare (+0.75%) and Caltagirone (+0.63%) are among the big players in the FTSE Italia Mid Cap index.
D'Amico reports the heaviest losses, currently suffering from a -2.57% down.
Ferretti is firmly in the red, showing a fall of 1.76%.
Banco di Desio e della Brianza falls just below its previous value.
Piaggio is sluggish, declining marginally (-1.17%).
(Teleborsa) 11-27-2024 09:30 AM