Dramatic losses in Milan
(Teleborsa) - A dramatic session at the Borsa Italiana, which records heavy losses. The other European bourses are sharply down.EUR / USD broadly maintains the previous session's levels, with a change of only -0.16%. Gold is just below the flatline as it slips -0.25%. Caution prevails in the oil market, with Light Sweet Crude Oil registering a slight decline of -0.88%.
The Spread is up at +140 basis points, an increase of 4 BPs, with the Italy BTP 10Y yield at +3.93%.
Among the major European bourses, Frankfurt suffers losses of 1.11%, London totters along with a modest -0.52% decline, and investors hurry to sell as Paris declines -1.32%.
The Milanese stock exchange goes into red amid broad selling pressure, with the FTSE MIB witnessing a -1.34% decline; similarly, investors sell as the FTSE Italia All-Share slides to 36,109 points.
The FTSE Italia Mid Cap declines -1.19%; on the same trend direction, the FTSE Italia Star is in the red (-1.11%).
ERG is Milan's only blue chip to perform significantly well, achieving +1.27%.
Iveco has the worst performance, with a -4.47% down.
Saipem plunges -2.66% on intense selling.
Investors are selling as Stellantis records a -2.59% fall.
Interpump Group shows a negative session -2.24% down.
Caltagirone (+1.87%) and Industrie De Nora (+0.74%) are among Italy's top mid-cap stocks.
OVS has the worst performance, with a -6.15% down.
Fincantieri reels under sharp sell-offs as it declines -4.8%.
An ugly performance for GVS, which registers a -3.98% loss.
Troubled MFE B falls -3.53%.
Among the macroeconomic variables of high impact:
Thursday, 6/13/2024
9:00 AM Spain: consumer price index, yearly (expected 3.6%; prev. 3.3%)
9:00 AM Spain: consumer price index, monthly (expected 0.3%; prev. 0.7%)
11:00 AM European Union: industrial production, monthly (expected 0.1%; prev. 0.5%)
11:00 AM European Union: industrial production, yearly (expected -1.9%; prev. -1.2%)
2:30 PM USA: initial jobless claims, weekly (expected 225K units; prev. 229K units)
2:30 PM USA: producer price index, yearly (expected 2.5%; prev. 2.2%)
2:30 PM USA: producer price index, monthly (expected 0.1%; prev. 0.5%).
(Teleborsa) 06-13-2024 01:00 PM