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 US market, the S&P-500 trades lower.Caution prevails as EUR / USD continues the session slightly lower (-0.55%). Gold is in reverse gear, sliding to 2,600.3 dollars per ounce. Light Sweet Crude Oil trades with a fractional gain of 0.55%.
The Spread is firmly up, adding 13 basis points to trade at +128 BPs, while the Italian 10-year BTP yield is at +3.62%.
Among the European markets, Frankfurt nosedives by -2.13%, London plunges -1.22% on intense selling, and investors flee as Paris is down by a massive -2.69%.
A session to forget for the Italian bourse, with the FTSE MIB yielding -2.15%; similarly, investors sell furiously as the FTSE Italia All-Share tumbles -2.12%, closing at 35,738 points.
The FTSE Italia Mid Cap closes downbeat (-1.83%); on the same line, the FTSE Italia Star declines sharply (-2.06%).
Stmicroelectronics is Milan's only blue chip to perform significantly well, achieving +1.09%.
Mediobanca has the worst performance, closing -8.15% down.
Prysmian dives -5.48%.
Brunello Cucinelli collapses (-4.78%).
Amplifon reels under sharp sell-offs as it declines -4.24%.
Digital Value (+10.70%), Alerion Clean Power (+9.79%) and Pharmanutra (+6.55%) are among the best performing stocks in the FTSE Italia Mid Cap basket.
Ferragamo has the worst performance, closing -7.65% down.
An ugly performance for Moltiply Group, which registers a -4.88% loss.
Investors are selling as the Italian Sea Group records a -4.86% fall.
A black day for El.En, which sheds -4.2%.
Among the macroeconomic rendez-vous that might have high influence on the markets:
Tuesday, 11/12/2024
8:00 AM Germany: consumer price index, monthly (expected 0.4%; prev. 0%)
8:00 AM Germany: consumer price index, yearly (expected 2%; prev. 1.6%)
8:00 AM United Kingdom: initial jobless claims (expected 30.5K units; prev. 10.1K units)
8:00 AM United Kingdom: unemployment rate (expected 4.1%; prev. 4%)
11:00 AM Germany: ZEW economic sentiment (expected 13.2 points; prev. 13.1 points)
Wednesday, 11/13/2024
1:50 AM Japan: producer price index, monthly (expected 0%; prev. 0%)
7:30 AM France: unemployment rate, quarterly (prev. 7.3%).
(Teleborsa) 11-12-2024 06:02 PM