Dramatic losses in Milan
(Teleborsa) - A dramatic session at the Borsa Italiana, which closes with heavy losses. The other European bourses are sharply down. On the New York Stock Exchange, the S&P-500 hovers around the flatline.EUR / USD climbs a tad to 1.086. Gold creeps up +0.39%. Crude oil rises in an upbeat session, with Light Sweet Crude Oil gaining as much as +2.04%.
The Spread flatlines, remaining at +128 basis points, while the Italian ten-year BTP is at +3.61%.
Among the major European bourses, investors hurry to sell as Frankfurt declines -1.13%, London plunges -0.73% on intense selling, and investors are selling as Paris records a -1.1% fall.
A day of gloom for the Borsa Italiana as the FTSE MIB drops -1.21%; similarly, investors sell as the FTSE Italia All-Share closes down at 36,620 points.
The FTSE Italia Mid Cap is slightly down (-0.6%); similarly, the FTSE Italia Star declines -1.23%.
Leonardo (+1.32%) and Pirelli & C (+0.63%) top the ranks of Milan's large-caps.
Campari reports the heaviest losses, ending the session -18.50% down.
Amplifon suffers a -4.56% decline.
Stmicroelectronics shows a negative session -3.58% down.
Troubled Prysmian falls -3.57%.
Maire (+3.47%), Juventus (+2.92%), Mondadori (+1.43%) and Technogym (+1.32%) are among Italy's top mid-cap stocks.
Zignago Vetro sees the heaviest sell-offs, finishing trade -6.00% lower.
El.En plunges -4.04%.
Technoprobe nosedives by -3.85%.
Sesa is down, with a net loss of 3.12%.
Among the most important macroeconomy events:
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 06:02 PM