All European markets slightly lower
(Teleborsa) - Milan flags in the wake of Europe's major bourses. Meanwhile, the S&P-500 lacks direction on the stars and stripes market.EUR / USD is essentially stable, finishing at 1.074. Gold is slightly down at 2,324.3 dollars per ounce. Light Sweet Crude Oil is just below the flatline, with a negative variation of -0.28%.
The Spread goes down to +144 basis points, shrinking -5 BPs, while the Italian 10-year BTP yield is at +4.05%.
Among the European markets, Frankfurt trades with a small loss of -0.69%, tottering London dips -0.56%, and Paris is definitely weaker with a -0.3% decrease.
Piazza Affari closes fractionally lower as the FTSE MIB sheds -0.7%; similarly, the FTSE Italia All-Share comes under sell-off pressure as it closes at 35,661 points.
The FTSE Italia Mid Cap finishes just below the flatline (-0.38%); the FTSE Italia Star inches up +0.22%.
DiaSorin (+3.43%), Stmicroelectronics (+2.33%), Telecom Italia (+2.21%) and Prysmian (+2.08%) top the ranks of Milan's large-caps.
Iveco reports the heaviest losses, ending the session -3.76% down.
Bper plunges -2.54% on intense selling.
Investors are selling as Stellantis records a -2.29% fall.
Brunello Cucinelli shows a negative session -2.08% down.
D'Amico (+4.85%), Moltiply Group (+4.29%), Philogen (+2.97%) and Tinexta (+2.43%) top the ranks of Milan's mid-caps.
GVS has the worst performance, closing -4.50% down.
Troubled SOL falls -3.42%.
Buzzi is down, with a net loss of 3.38%.
Acea is firmly in the red, showing a fall of 1.58%.
Among the most relevant macroeconomic data:
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 06:02 PM