All European markets slightly lower
(Teleborsa) - Milan flags in the wake of Europe's major bourses. On Wall Street, trading remains cautious, with the S&P-500 reporting a -0.07% change.EUR / USD is essentially stable, finishing at 1.074. Gold holds its position at 2,334.7 dollars per ounce. Light Sweet Crude Oil trades with a fractional gain of 0.41%.
The Spread between the Italian BTP and German Bund yields decreases, settling at +146 basis points, with the 10-year BTP yield at +4.03%.
Among the major European bourses, Frankfurt is down, with a net loss of 0.92%, London is modestly down, shedding -0.49%, and Paris drifts -0.41% lower.
Caution prevails in Milan as the FTSE MIB registers a marginal drop of -0.61%; similarly, the FTSE Italia All-Share is trading just below the previous session's levels, at 35,692 points.
The FTSE Italia Mid Cap hovers just below the flatline (-0.41%); the FTSE Italia Star is practically unchanged (+0.16%).
DiaSorin (+2.49%), Telecom Italia (+2.21%), Stmicroelectronics (+2.15%) and Tenaris (+1.16%) top the ranks of Milan's large-caps.
Iveco reports the heaviest losses, currently suffering from a -3.39% down.
Brunello Cucinelli is firmly in the red, showing a fall of 2.67%.
Stellantis trades negative, losing -2.41%.
Pirelli & C plunges -2.14%.
D'Amico (+4.16%), Technoprobe (+3.09%), Digital Value (+1.87%) and Moltiply Group (+1.86%) are among the big players in the FTSE Italia Mid Cap index.
GVS reports the heaviest losses, currently suffering from a -5.10% down.
Buzzi declines by a notable -3.7%.
SOL is struggling, -2.82% down.
CIR suffers losses of 2.02%.
Among the macroeconomic rendez-vous that might have high influence on the markets:
Tuesday, 7/2/2024
10:00 AM Italy: unemployment rate (expected 6.9%; prev. 6.8%)
11:00 AM European Union: consumer price index, yearly (expected 2.5%; prev. 2.6%)
11:00 AM European Union: consumer price index, monthly (prev. 0.2%)
11:00 AM European Union: unemployment rate (expected 6.4%; prev. 6.4%)
Wednesday, 7/3/2024
1:50 AM Japan: Tankan index, quarterly (expected 12 points; prev. 11 points)
3:45 AM China: Caixin services PMI (expected 53.4 points; prev. 54 points)
10:00 AM European Union: services PMI (expected 52.6 points; prev. 53.2 points).
(Teleborsa) 07-02-2024 04:00 PM