All European markets slightly lower
(Teleborsa) - Milan flags in the wake of Europe's major bourses. Meanwhile in the US market the S&P-500 fluctuates around the flatline.EUR / USD trades fractionally lower in this session, shedding -0.59% so far. Gold advances with a fractional gain of +0.61%. Light Sweet Crude Oil rises sharply, gaining +2.51%.
The Spread climbs again, settling at +136 basis points, up 5 BPs, with the Italy BTP 10Y yield at +4.02%.
Among the European markets, Frankfurt slips just under the flatline with a -0.34% decrease, London contracts moderately by -0.2%, and Paris plunges -1.35%.
The Milanese stock market has a weak session, with the FTSE MIB closing -0.34% down; similarly, the FTSE Italia All-Share closes on a downbeat note, at 36,771 points, which is just shy of the previous session's levels.
The FTSE Italia Mid Cap closes sideways (+0.1%); the FTSE Italia Star finishes just below the flatline (-0.3%).
Among Italy's best performing large-caps, Hera records a fairly pedestrian increase of +1.36%.
Iveco is only just in the black as it climbs a scant +1.31%.
Leonardo lacks momentum in this session, reflected in a moderate gain of 0.95%.
Italgas makes fairly pedestrian progress (+0.85%).
Telecom Italia reports the heaviest losses, ending the session -2.58% down.
Nexi declines by a notable -2.55%.
Brunello Cucinelli is struggling, -2.49% down.
Moncler suffers losses of 1.85%.
GVS (+4.14%), Italmobiliare (+3.37%), Digital Value (+3.06%) and Mondadori (+2.65%) are among the best performing stocks in the FTSE Italia Mid Cap basket.
MutuiOnline sees the heaviest sell-offs, finishing trade -3.31% lower.
Investors hurry to sell as Piaggio declines -3.09%.
Ferragamo plunges -1.55% on intense selling.
Pharmanutra is subdued, shedding -1.46%.
Among the most relevant macroeconomic data:
Monday, 6/10/2024
1:50 AM Japan: gross domestic product, quarterly (expected -0.5%; prev. 0.1%)
1:50 AM Japan: current account (prev. 3,399 Bln ¥)
10:00 AM Italy: industrial production, monthly (expected 0.3%; prev. -0.5%)
10:00 AM Italy: industrial production, yearly (prev. -3.2%)
Tuesday, 6/11/2024
8:00 AM United Kingdom: unemployment rate (expected 4.3%; prev. 4.3%)
8:00 AM United Kingdom: initial jobless claims (expected 10.2K units; prev. 8.9K units)
Wednesday, 6/12/2024
1:50 AM Japan: producer price index, monthly (expected 0.4%; prev. 0.3%).
(Teleborsa) 06-10-2024 06:02 PM