All European markets slightly lower
(Teleborsa) - Milan flags in the wake of Europe's major bourses.There is no significant change for EUR / USD which, at 1.04, is traded around previous levels. Gold is essentially stable at 2,860.3 dollars per ounce. Light Sweet Crude Oil is just below the flatline, with a negative variation of -0.11%.
The Spread is broadly on the previous day's level as it settles at +109 basis points, while the Italy ten-year BTP is at +3.49%.
Among the European markets, Frankfurt lacks momentum, trading with a +0.13% change, London looks composed with modest growth of +0.35%, and Paris is essentially flat, offering a scant -0.14%.
Caution prevails in Milan as the FTSE MIB registers a marginal drop of -0.49%; similarly, the FTSE Italia All-Share loses -0.42% to trade at 40,748 points.
The FTSE Italia Mid Cap holds previous levels (+0.12%); the FTSE Italia Star gains marginally (+0.23%).
Leonardo (+11.41%), Iveco (+3.31%), Tenaris (+1.47%) and Recordati (+0.64%) among the best performing blue chips in Piazza Affari.
Nexi has the worst performance, with a -2.69% down.
Campari is firmly in the red, showing a fall of 2.20%.
Prysmian trades negative, losing -2.1%.
Brunello Cucinelli plunges -2%.
Fincantieri (+5.55%), Maire (+3.53%), Philogen (+2.19%) and Tinexta (+1.93%) top the ranks of Milan's mid-caps.
Banco di Desio e della Brianza sees the heaviest sell-offs, now trading -3.02% lower.
Alerion Clean Power declines by a notable -2.27%.
Ferragamo is struggling, -1.85% down.
ERG is definitely weaker with a -0.99% decrease.
Among the macroeconomic variables of high impact:
Monday, 3/3/2025
1:30 AM Japan: manufacturing PMI (expected 48.9 points; prev. 48.7 points)
2:45 AM China: Caixin manufacturing PMI (expected 50.4 points; prev. 50.1 points)
10:00 AM European Union: manufacturing PMI (expected 47.3 points; prev. 46.6 points)
11:00 AM European Union: consumer price index, monthly (prev. -0.3%)
11:00 AM European Union: consumer price index, yearly (expected 2.3%; prev. 2.5%)
3:45 PM USA: manufacturing PMI (expected 51.6 points; prev. 51.2 points)
4:00 PM USA: manufacturing ISM (expected 50.6 points; prev. 50.9 points).
(Teleborsa) 03-03-2025 09:30
