Borsa Italiana holds the line
(Teleborsa) - Piazza Affari remains stagnant, while the major European markets trend higher. Meanwhile, on Wall Street the S&P-500 remains just above the no-change mark.EUR / USD continues the session just below the flatline, slipping -0.3%. Gold is slightly up at 2,405 dollars per ounce. Light Sweet Crude Oil plunges to 76.55 dollars per barrel amid heavy sell-offs, losing -2.36%.
The Spread jumps to +134 basis points, an increase of 4 BPs, with the Italy BTP 10Y yield at +3.75%.
Among the major European bourses, Frankfurt secures a tidy +0.81% gain, a sluggish day for London, which drops -0.38%, and Paris trades with a small loss of -0.31%.
In Milan, the FTSE MIB is essentially stable, closing at 34,638 points; similarly, the FTSE Italia All-Share (Milan) hovers around previous levels, closing at 36,882 points.
The FTSE Italia Mid Cap is practically unchanged (-0.16%); similarly, the FTSE Italia Star holds the line (-0.14%).
Mediobanca (+1.66%), Saipem (+1.26%), Prysmian (+1.25%) and Interpump Group (+0.99%) top the ranks of Milan's large-caps.
Telecom Italia has the worst performance, closing -2.88% down.
Stellantis plunges -2.32%.
Amplifon declines by a notable -1.95%.
Stmicroelectronics is struggling, -1.84% down.
Mondadori (+2.54%), Banca Generali (+2.24%), Maire (+1.43%) and Webuild (+1.26%) top the ranks of Milan's mid-caps.
SOL has the worst performance, closing -2.47% down.
MFE A suffers losses of 2.17%.
Investors hurry to sell as MFE B declines -2.16%.
Brembo plunges -2.02% on intense selling.
Among the macroeconomic rendez-vous that might have high influence on the markets:
Tuesday, 7/23/2024
4:00 PM European Union: consumer confidence (expected -13 points; prev. -14 points)
4:00 PM USA: existing home sales, monthly (prev. -0.7%)
4:00 PM USA: existing home sales (expected 3.99 Mln units; prev. 4.11 Mln units)
Wednesday, 7/24/2024
2:30 AM Japan: manufacturing PMI (expected 50.5 points; prev. 50 points)
9:00 AM Spain: producer price index, yearly (prev. -4.6%)
10:00 AM European Union: manufacturing PMI (expected 46 points; prev. 45.8 points)
10:00 AM European Union: composite PMI (prev. 50.9 points).
(Teleborsa) 07-23-2024 06:02 PM