Dramatic losses in Milan
(Teleborsa) - A dramatic session at the Borsa Italiana, which trades with heavy losses. The other European bourses are sharply down.There is no significant change for EUR / USD which, at 1.082, is traded around previous levels. Gold holds its position at 2,779 dollars per ounce. Light Sweet Crude Oil looks bullish as it advances to 67.96 dollars per barrel.
The Spread improves, shedding -3 basis points to settle at +126 BPs, while the Italian 10-year BTP yield is at +3.59%.
Among the major European bourses, Frankfurt declines by a notable -1.13%, London is subdued, shedding -0.62%, and Paris suffers a -1.62% decline.
The Milanese stock exchange goes into red amid broad selling pressure, with the FTSE MIB witnessing a -1.37% decline; similarly, the FTSE Italia All-Share is in reverse gear as it slides to 36,559 points.
The FTSE Italia Mid Cap descends -0.77%; similarly, the FTSE Italia Star trades negative (-0.8%).
On this black day for the Borsa Italiana, not one blue chip achieves a positive performance.
Campari sees the heaviest sell-offs, now trading -14.97% lower.
Finecobank is struggling, -3.16% down.
Stellantis suffers losses of 2.98%.
Investors hurry to sell as Stmicroelectronics declines -2.9%.
Maire (+2.42%) and Caltagirone (+0.66%) are among the big players in the FTSE Italia Mid Cap index.
Piaggio sees the heaviest sell-offs, now trading -3.00% lower.
Zignago Vetro plunges -2.65% on intense selling.
Investors are selling as Digital Value records a -2.52% fall.
Technoprobe shows a negative session -2.31% down.
Among the most relevant macroeconomic data:
Wednesday, 10/30/2024
7:30 AM France: gross domestic product, quarterly (expected 0.3%; prev. 0.2%)
9:00 AM Spain: consumer price index, yearly (expected 1.7%; prev. 1.5%)
9:00 AM Spain: gross domestic product, quarterly (expected 0.6%; prev. 0.8%)
9:00 AM Spain: consumer price index, monthly (expected 0.5%; prev. -0.6%)
9:55 AM Germany: unemployment rate (expected 6.1%; prev. 6%)
10:00 AM Germany: gross domestic product, quarterly (expected -0.1%; prev. -0.1%)
10:00 AM Italy: gross domestic product, yearly (expected 0.7%; prev. 0.6%).
(Teleborsa) 10-30-2024 01:00 PM