Dramatic losses in Milan
(Teleborsa) - A dramatic session at the Borsa Italiana, which closes with heavy losses. The other European bourses are sharply down. At the same time, US stocks are deeply in the red.EUR / USD continues the session just below the flatline, slipping -0.4%. Gold suffers substantial sell-offs as it drops to 3,025 dollars per ounce. Light Sweet Crude Oil plunges to 61.62 dollars per barrel amid heavy sell-offs, losing -7.97%.
The Spread is significantly higher, adding 6 basis points to reach +115 BPs, while the Italian 10-year BTP yield is at +3.68%.
Among the European markets, Frankfurt nosedives by -4.95%, investors flee as London is down by a massive -4.95%, and Paris dives -4.26%.
A black day for the Milan bourse which dives -6.53%: the FTSE MIB thereby cements its negative run, with three consecutive declines recorded since last Wednesday; similarly, the FTSE Italia All-Share is firmly in the red, finishing -6.44% down at 36,716 points.
The FTSE Italia Mid Cap plummets (-5.54%); on the same trend direction, the FTSE Italia Star closes downbeat (-4.63%).
DiaSorin leads the FTSE MIB with solid gains, registering +1.66%.
Azimut sees the heaviest sell-offs, finishing trade -12.60% lower.
Leonardo collapses (-12.41%).
MPS Bank reels under sharp sell-offs as it declines -12.2%.
An ugly performance for Nexi, which registers a -11.47% loss.
Philogen (+2.31%) and Comer Industries (+1.82%) are among the best performing stocks in the FTSE Italia Mid Cap basket.
Banco di Desio e della Brianza has the worst performance, closing -12.47% down.
A black day for Banca Ifis, which sheds -11.3%.
Danieli & C is in free fall, diving -11.07%.
Maire drops like a stone, recording a -10.04 percent decline.
Among the macroeconomic rendez-vous that might have high influence on the markets:
Friday, 4/4/2025
1:30 AM Japan: real household consumption expenditure, monthly (expected 0.5%; prev. -4.5%)
8:00 AM Germany: factory orders, monthly (expected 3.4%; prev. -5.5%)
8:45 AM France: industrial production, monthly (expected 0.5%; prev. -0.5%)
10:00 AM Italy: retail sales, yearly (prev. 0.9%)
10:00 AM Italy: retail sales, monthly (expected 0.2%; prev. -0.4%)
2:30 PM USA: unemployment rate (expected 4.1%; prev. 4.1%)
2:30 PM USA: employment change (expected 137K units; prev. 117K units).
(Teleborsa) 04-04-2025 06:02 PM
