All European markets slightly lower
(Teleborsa) - Milan flags in the wake of Europe's major bourses.EUR / USD holds its position at 1.072. Gold is essentially stable at 2,335.5 dollars per ounce. Light Sweet Crude Oil has a weak session, trading -0.56% lower.
The Spread rises a scant 2 basis points to reach +151 BPs, with the Italy BTP 10-year yield at +3.9%.
Among the European indices, Frankfurt is firmly in the red, showing a fall of 1.03%, London is essentially flat, offering a scant -0.18%, and Paris trades negative, losing -0.76%.
The Milanese stock exchange is trading just below the flatline (-0.34%); similarly, the FTSE Italia All-Share loses -0.38% to trade at 35,930 points.
The FTSE Italia Mid Cap trades negative (-0.86%); similarly, the FTSE Italia Star spirals down (-1.06%).
Saipem (+2.04%), Enel (+0.98%), ENI (+0.82%) and Snam (+0.70%) among the top performers in Milan.
Prysmian reports the heaviest losses, currently suffering from a -2.21% down.
Iveco plunges -1.95%.
Banca Popolare Sondrio declines by a notable -1.95%.
Stmicroelectronics is struggling, -1.92% down.
Anima Holding is the jewel in the crown of Milan's mid-caps, gaining +0.99%.
Fincantieri sees the heaviest sell-offs, now trading -8.20% lower.
De'Longhi suffers losses of 3.72%.
Investors hurry to sell as Danieli & C declines -2.3%.
Reply plunges -2.18% on intense selling.
Among the macroeconomic rendez-vous that might have high influence on the markets:
Tuesday, 6/25/2024
9:00 AM Spain: gross domestic product, quarterly (expected 0.7%; prev. 0.7%)
9:00 AM Spain: producer price index, yearly (prev. -6.6%)
3:00 PM USA: FHFA house price, monthly (expected 0.5%; prev. 0.1%)
3:00 PM USA: S&P Case-Shiller, yearly (expected 7%; prev. 7.4%)
4:00 PM USA: consumer confidence, monthly (expected 100 points; prev. 102 points)
Wednesday, 6/26/2024
8:45 AM France: consumer confidence, monthly (prev. 90 points)
4:00 PM USA: new home sales (expected 650K units; prev. 634K units).
(Teleborsa) 06-25-2024 01:00 PM