All European markets slightly lower
(Teleborsa) - Milan flags in the wake of Europe's major bourses. The stars and stripes market is essentially healthy, with the S&P-500 registering a modest gain of 0.29%.Caution prevails as EUR / USD continues the session slightly lower (-0.27%). Caution prevails as gold continues the session slightly lower (-0.36%). Light Sweet Crude Oil is just below the flatline, with a negative variation of -0.59%.
The Spread steps up to add 2 basis points, reaching +151 BPs, with the BTP 10-year yield at +3.93%.
Among the European indices, investors hurry to sell as Frankfurt declines -0.8%, London is modestly down, shedding -0.41%, and Paris drifts -0.58% lower.
The Milanese stock market has a weak session, with the FTSE MIB closing -0.38% down; similarly, the FTSE Italia All-Share closes on a downbeat note, at 35,906 points, which is just shy of the previous session's levels.
The FTSE Italia Mid Cap ends negative (-1.14%); on the same trend direction, the FTSE Italia Star spirals down (-1.32%).
Among Italy's best performing large-caps, Saipem rises +3.61% on positive cues.
Resilient Snam registers a small increase of 0.80%.
ENI advances +0.79%.
Ferrari edges higher, showing an increase of 0.69%.
Telecom Italia has the worst performance, closing -2.64% down.
Interpump Group plunges -2.57% on intense selling.
Investors are selling as DiaSorin records a -2.19% fall.
Banca Popolare Sondrio shows a negative session -1.81% down.
Philogen (+2.01%), Iren (+1.07%) and Anima Holding (+0.56%) are among Italy's top mid-cap stocks.
Fincantieri sees the heaviest sell-offs, finishing trade -9.34% lower.
De'Longhi suffers a -4.63% decline.
Troubled Industrie De Nora falls -3.29%.
Sesa is down, with a net loss of 2.84%.
Among the most important macroeconomy events:
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 0.3%; prev. 0.1%)
3:00 PM USA: S&P Case-Shiller, yearly (expected 7%; prev. 7.9%)
4:00 PM USA: consumer confidence, monthly (expected 100 points; prev. 101.3 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 06:02 PM