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.

EUR / USD holds its position at 1.072. Gold is slightly down at 2,324.7 dollars per ounce. Light Sweet Crude Oil rises +0.83% to 84.07 dollars per barrel.

The Spread climbs again, settling at +152 basis points, up 3 BPs, with the Italy BTP 10Y yield at +4.12%.

Among the European markets, investors are selling as Frankfurt records a -1.04% fall, London is sluggish, declining marginally (-0.34%), and Paris shows a negative session -0.85% down.

A dismal day for the Borsa Italiana as the FTSE MIB declines -1.16%; similarly, investors sell as the FTSE Italia All-Share slides to 35,487 points.

The FTSE Italia Mid Cap declines -1.04%; on the same line, the FTSE Italia Star slips a fraction (-0.51%).

Saipem (+1.63%), Tenaris (+1.16%) and ENI (+1.02%) among the best performing blue chips in Piazza Affari.

Iveco sees the heaviest sell-offs, now trading -3.90% lower.

Troubled Stellantis falls -3.41%.

Brunello Cucinelli is down, with a net loss of 2.78%.

Bper is firmly in the red, showing a fall of 2.36%.

D'Amico (+3.32%), Technoprobe (+1.82%), Ferragamo (+0.70%) and Pharmanutra (+0.63%) are among the big players in the FTSE Italia Mid Cap index.

GVS sees the heaviest sell-offs, now trading -4.35% lower.

Buzzi nosedives by -3.81%.

LU-VE Group trades negative, losing -2.91%.

SOL plunges -2.67%.

(Teleborsa) 07-02-2024 01:00 PM