Dramatic losses in Milan
(Teleborsa) - A dramatic session at the Borsa Italiana, which shows heavy losses. The other European bourses are sharply down. In the United States, the S&P-500 lacks direction.EUR / USD makes timid gains, progressing by +0.3%. Gold trades slightly up at 2,780.8 dollars per ounce. Light Sweet Crude Oil enjoys a positive session, gaining +1.6%.
The Spread improves, shedding -3 basis points to settle at +126 BPs, while the Italian 10-year BTP yield is at +3.61%.
Among the markets of the Old Continent, Frankfurt suffers losses of 0.84%, London is definitely weaker with a -0.52% decrease, and investors hurry to sell as Paris declines -1.04%.
The Milanese stock exchange goes into red amid broad selling pressure, with the FTSE MIB witnessing a -1.06% decline; similarly, the FTSE Italia All-Share loses -0.99% to trade at 36,680 points.
The FTSE Italia Mid Cap is slightly lower (-0.37%), as the FTSE Italia Star eases -0.66%.
Leonardo is Milan's only blue chip to perform significantly well, achieving +1.28%.
Campari reports the heaviest losses, currently suffering from a -17.34% down.
Prysmian plunges -3.04% on intense selling.
Investors are selling as Finecobank records a -2.87% fall.
Amplifon shows a negative session -2.65% down.
Maire (+4.23%), Juventus (+3.14%), Caltagirone (+1.99%) and BFF Bank (+0.98%) are among the big players in the FTSE Italia Mid Cap index.
Technoprobe reports the heaviest losses, currently suffering from a -3.15% down.
Troubled Zignago Vetro falls -3%.
The Italian Sea Group is down, with a net loss of 2.41%.
El.En is firmly in the red, showing a fall of 2.35%.
Among the macroeconomic rendez-vous that might have high influence on the markets:
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 04:00 PM