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Dramatic losses in Milan
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EUR / USD broadly maintains the previous session's levels, with a change of only -0.04%. Gold is in reverse gear, sliding to 2,374.1 dollars per ounce. Caution prevails in the oil market, with Light Sweet Crude Oil registering a slight decline of -0.53%.
The Spread flatlines, remaining at +137 basis points, while the Italian ten-year BTP is at +3.79%.
Among the markets of the Old Continent, Frankfurt plunges -1.04%, London totters along with a modest -0.69% decline, and Paris declines by a notable -1.39%.
Investors rush to sell in Milan as the stock exchange takes a plunge of -1.8%; similarly, the FTSE Italia All-Share is firmly in the red as it retreats -1.72% to trade at 36,062 points.
The FTSE Italia Mid Cap is in the red (-1.16%); similarly, the FTSE Italia Star is badly hit (-1.52%).
Saipem (+1.13%), ERG (+0.83%), Italgas (+0.69%) and DiaSorin (+0.63%) top the ranks of Milan's large-caps.
Stmicroelectronics has the worst performance, with a -10.42% down.
Stellantis drops like a stone, recording a -8.07 percent decline.
A dramatic session for Interpump Group, which suffers a -4.77% collapse.
Prysmian is struggling, -3.44% down.
All stocks in the FTSE Italia Mid Cap are deeply in the red.
Webuild has the worst performance, with a -3.43% down.
Danieli & C suffers losses of 3.01%.
Investors hurry to sell as Technoprobe declines -2.9%.
The Italian Sea Group plunges -2.68% on intense selling.
Among the most relevant macroeconomic data:
Thursday, 7/25/2024
10:00 AM Germany: IFO index (expected 88.9 points; prev. 88.6 points)
10:00 AM European Union: money supply M3, yearly (expected 1.9%; prev. 1.6%)
2:30 PM USA: gross domestic product, quarterly (expected 2%; prev. 1.4%)
2:30 PM USA: durable goods orders, monthly (expected 0.3%; prev. 0.1%)
2:30 PM USA: initial jobless claims, weekly (expected 237K units; prev. 243K units)
Friday, 7/26/2024
8:45 AM France: consumer confidence, monthly (prev. 89 points)
9:00 AM Spain: retail sales, yearly (prev. 0.2%).
(Teleborsa) 07-25-2024 09:30 AM