Euroland bourses contract, Piazza Affari weakest
(Teleborsa) - The Milan stock exchange is markedly down, while the major European exchanges see only moderate losses.There is no significant change for EUR / USD which, at 1.048, is traded around previous levels. Investors are skittish as gold slides to 2,884.2 dollars per ounce. A slight gain for Light Sweet Crude Oil, showing a rise of 0.93%.
The Spread is up at +109 basis points, an increase of 3 BPs, with the Italy BTP 10Y yield at +3.51%.
Among the markets of the Old Continent, Frankfurt totters along with a modest -0.61% decline, London performs modestly, showing a moderate +0.32% rise, and a sluggish day for Paris, which drops -0.31%.
The Milan stock exchange is trading lower, with the FTSE MIB recording a decline of -1.11%, bringing the four-day rally that began last Friday to an abrupt end; similarly, the FTSE Italia All-Share loses -1.05% to trade at 41,083 points.
The FTSE Italia Mid Cap hovers just below the flatline (-0.4%), as the FTSE Italia Star is below the flatline, slipping -0.27%.
Among Italy's best performing large-caps, Pirelli & C boasts a +4.43% increase as investors scramble to get their hands on shares.
An ebullient Leonardo is up +3.87%.
Saipem is in positive territory with a +2.36% increase.
A2A attracts bids with a +1.77% rise.
Ferrari has the worst performance, with a -8.49% down.
An ugly performance for Prysmian, which registers a -6.8% loss.
Stellantis trades negative, losing -3.01%.
Stmicroelectronics plunges -2.11%.
Caltagirone (+1.91%), Banca Ifis (+1.56%), OVS (+1.26%) and Fincantieri (+1.24%) are among the big players in the FTSE Italia Mid Cap index.
Alerion Clean Power reports the heaviest losses, currently suffering from a -3.01% down.
MFE A declines by a notable -2.52%.
Marr is struggling, -2.15% down.
MFE B suffers losses of 2.00%.
Among the macroeconomic rendez-vous that might have high influence on the markets:
Thursday, 2/27/2025
8:45 AM France: producer price index, monthly (prev. 0.9%)
8:45 AM France: producer price index, yearly (prev. -3.8%)
9:00 AM Spain: consumer price index, yearly (expected 3%; prev. 2.9%)
9:00 AM Spain: consumer price index, monthly (expected 0.3%; prev. 0.2%)
10:00 AM European Union: money supply M3, yearly (expected 3.8%; prev. 3.5%)
11:00 AM European Union: consumer confidence (expected -13.6 points; prev. -14.2 points)
11:00 AM European Union: economic sentiment (expected 96 points; prev. 95.3 points).
(Teleborsa) 27-02-2025 13:00
