European bourses, Milan adrift
(Teleborsa) - Piazza Affari and the major bourses of the Old Continent sustain heavy losses as Europe's bearish currents take hold.There is no significant change for EUR / USD which, at 1.094, is traded around previous levels. Gold makes timid gains, progressing by +0.57%. Caution prevails in the oil market, with Light Sweet Crude Oil registering a slight decline of -0.15%.
The Spread climbs again, settling at +147 basis points, up 3 BPs, with the Italy BTP 10Y yield at +3.68%.
Among the markets of the Old Continent, Frankfurt suffers losses of 1.00%, investors hurry to sell as London declines -1.13%, and Paris plunges -1.09% on intense selling.
Investors rush to sell in Milan as the stock exchange takes a plunge of -1.52%; similarly, the FTSE Italia All-Share retreats -1.49% to trade at 33,438 points.
The FTSE Italia Mid Cap trades negative (-1.25%); similarly, the FTSE Italia Star spirals down (-1.11%).
Interpump Group is Milan's only blue chip to perform significantly well, achieving +0.54%.
Bper reports the heaviest losses, currently suffering from a -2.98% down.
Investors are selling as Banco Bpm records a -2.94% fall.
Stmicroelectronics shows a negative session -2.94% down.
Troubled Finecobank falls -2.75%.
Comer Industries leads the pack of FTSE Italia mid-caps, obtaining +0.93%.
Industrie De Nora reports the heaviest losses, currently suffering from a -9.43% down.
D'Amico is down, with a net loss of 3.38%.
Tinexta is firmly in the red, showing a fall of 3.06%.
Danieli & C trades negative, losing -2.96%.
Among the macroeconomic variables of high impact:
Thursday, 8/8/2024
1:50 AM Japan: current account (expected 1,790 Bln ¥; prev. 2,850 Bln ¥)
2:30 PM USA: initial jobless claims, weekly (expected 241K units; prev. 249K units)
4:00 PM USA: wholesale trade inventories, monthly (expected 0.2%; prev. 0.6%)
Friday, 8/9/2024
3:30 AM China: consumer price index, yearly (expected 0.4%; prev. 0.2%)
3:30 AM China: producer price index, yearly (expected -0.9%; prev. -0.8%)
7:30 AM France: unemployment rate, quarterly (prev. 7.5%)
8:00 AM Germany: consumer price index, monthly (expected 0.3%; prev. 0.1%).
(Teleborsa) 08-08-2024 09:30 AM