Dramatic losses in Milan
(Teleborsa) - A dramatic session at the Borsa Italiana, which shows heavy losses. The other European bourses are sharply down.There is no significant change for EUR / USD which, at 1.085, is traded around previous levels. Gold trades down -0.69% in a weak session. Light Sweet Crude Oil loses a lot of ground, retracing by -1.16% to trade at 76.69 dollars per barrel.
The Spread jumps to +142 basis points, an increase of 4 BPs, with the Italy BTP 10Y yield at +3.79%.
Among the European markets, Frankfurt suffers losses of 1.34%, London slips just under the flatline with a -0.67% decrease, and Paris drops like a stone, recording a -2.01 percent decline.
A session to forget for the Italian bourse, with the FTSE MIB yielding -2.45%; similarly, a day to forget for the FTSE Italia All-Share as it retreats -2.39% to trade at 35,817 points.
The FTSE Italia Mid Cap plummets (-1.96%), as the FTSE Italia Star is downbeat (-2.39%).
Terna (+2.01%), Pirelli & C (+1.45%), ERG (+1.08%) and Italgas (+0.94%) among the top performers in Milan.
Stmicroelectronics sees the heaviest sell-offs, now trading -13.46% lower.
A dramatic session for Stellantis, which suffers a -8.28% collapse.
Interpump Group suffers a -6.89% decline.
Iveco plunges -4.93%.
It is a thoroughly negative session for all FTSE Italia Mid Cap stocks.
Danieli & C sees the heaviest sell-offs, now trading -5.20% lower.
Fincantieri nosedives by -5.07%.
Investors flee as Technoprobe is down by a massive -4.98%.
MFE B dives -4.21%.
Among the macroeconomic variables of high impact:
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 01:00 PM