All European markets slightly lower
(Teleborsa) - Milan flags in the wake of Europe's major bourses. On the New York Stock Exchange, the S&P-500 hovers around the flatline.EUR / USD makes timid gains, progressing by +0.68%. Gold is slightly up at 2,928.9 dollars per ounce. Light Sweet Crude Oil is firmly bullish (+2.3%), reaching 67.88 dollars per barrel.
The Spread is broadly on the previous day's level as it settles at +108 basis points, while the Italy ten-year BTP is at +3.87%.
Among the major European bourses, an ugly performance for Frankfurt, which registers a -1.6% loss, London is basically unchanged, reporting a scant +0.05% variation, and Paris plunges -1.05%.
The Milanese stock exchange is trading just below the flatline (-0.44%); similarly, the FTSE Italia All-Share is trading just below the previous session's levels, at 40,832 points.
The FTSE Italia Mid Cap is below the flatline, slipping -0.43%; the FTSE Italia Star is practically unchanged (-0.14%).
Among Italy's best performing large-caps, Telecom Italia rockets +2.87%.
A black day for Amplifon, which sheds +2.75%.
Hera's +2.63% surge cheers investors.
ENI forges ahead by +2.33%.
Campari sees the heaviest sell-offs, now trading -3.83% lower.
Brunello Cucinelli is in free fall, diving -3.28%.
A sluggish day for Iveco, which drops -2.87%.
Leonardo trades with a small loss of -2.62%.
Alerion Clean Power (+8.23%), Digital Value (+2.87%), Maire (+2.48%) and Ascopiave (+1.97%) top the ranks of Milan's mid-caps.
Ferragamo reports the heaviest losses, currently suffering from a -18.36% down.
Italmobiliare drops like a stone, recording a -5.02 percent decline.
All eyes are on Tinexta, which rockets -4.52%.
Buzzi soars, recording a substantial -3.2% rise.
Among the most relevant macroeconomic data:
Friday, 3/7/2025
8:00 AM Germany: factory orders, monthly (expected -2.4%; prev. 5.9%)
8:45 AM France: current account (prev. 2.6 Bln Euro)
11:00 AM European Union: employment, quarterly (expected 0.1%; prev. 0.2%)
11:00 AM European Union: gross domestic product, yearly (expected 0.9%; prev. 0.9%)
11:00 AM European Union: gross domestic product, quarterly (expected 0.1%; prev. 0.4%)
2:30 PM USA: unemployment rate (expected 4%; prev. 4%)
2:30 PM USA: employment change (expected 159K units; prev. 125K units).
(Teleborsa) 07-03-2025 16:00
