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 1.106, is traded around previous levels. Caution prevails as gold continues the session slightly lower (-0.38%). Light Sweet Crude Oil loses a lot of ground, retracing by -0.82% to trade at 69.64 dollars per barrel.
The Spread is broadly on the previous day's level as it settles at +143 basis points, while the Italy ten-year BTP is at +3.65%.
Among the European markets, Frankfurt is firmly in the red, showing a fall of 0.94%, London trades negative, losing -0.75%, and Paris plunges -0.95%.
In Milan, the FTSE MIB slides -1.01% to 33,520 points, continuing its downward trajectory that has seen three consecutive drops since last Monday; similarly, investors sell as the FTSE Italia All-Share slides to 35,634 points.
The FTSE Italia Mid Cap is in the red (-1%), as the FTSE Italia Star descends -0.92%.
Saipem is among the top risers on Milan's large-cap index, obtaining +0.9%.
Stmicroelectronics reports the heaviest losses, currently suffering from a -2.30% down.
Moncler declines by a notable -2.2%.
Stellantis is struggling, -2.12% down.
Azimut suffers losses of 1.71%.
Mondadori is the jewel in the crown of Milan's mid-caps, gaining +0.8%.
El.En has the worst performance, with a -2.60% down.
Investors hurry to sell as Carel Industries declines -2.32%.
Ferragamo plunges -2.24% on intense selling.
Investors are selling as Ariston Holding records a -2.13% fall.
Among the most relevant macroeconomic data:
Wednesday, 9/4/2024
3:45 AM China: Caixin services PMI (expected 51.9 points; prev. 52.1 points)
10:00 AM European Union: composite PMI (expected 51.2 points; prev. 50.2 points)
10:00 AM European Union: services PMI (expected 53.3 points; prev. 51.9 points)
11:00 AM European Union: producer price index, monthly (expected 0.3%; prev. 0.5%)
11:00 AM European Union: producer price index, yearly (expected -2.5%; prev. -3.2%)
2:30 PM USA: Trade balance (expected -78.8 Bln $; prev. -73.1 Bln $)
4:00 PM USA: factory orders, monthly (expected 4.6%; prev. -3.3%).
(Teleborsa) 04-09-2024 09:30