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 1.093, is traded around previous levels. Gold trades up, advancing to 2,406.3 dollars per ounce. Light Sweet Crude Oil has a weak session, trading -0.05% lower.
The Spread jumps to +147 basis points, an increase of 3 BPs, with the Italy BTP 10Y yield at +3.68%.
Among the major European bourses, Frankfurt is modestly down, shedding -0.69%, London shows a negative session -1.11% down, and troubled Paris falls -1.08%.
The Milanese stock exchange goes into red amid broad selling pressure, with the FTSE MIB witnessing a -1.18% decline; similarly, the FTSE Italia All-Share is in reverse gear as it slides to 33,540 points.
The FTSE Italia Mid Cap trades negative (-1.3%); on the same trend direction, the FTSE Italia Star declines sharply (-1.51%).
On this gloomy day for the Borsa Italiana, not one blue chip achieves a positive performance.
Finecobank has the worst performance, with a -2.68% down.
Ferrari is down, with a net loss of 2.67%.
Moncler is firmly in the red, showing a fall of 2.62%.
Stmicroelectronics trades negative, losing -2.57%.
Philogen (+1.40%) and Comer Industries (+0.62%) are among the big players in the FTSE Italia Mid Cap index.
Industrie De Nora sees the heaviest sell-offs, now trading -9.57% lower.
OVS suffers a -3.83% decline.
D'Amico plunges -3.23%.
Sanlorenzo declines by a notable -3.14%.
(Teleborsa) 08-08-2024 01:00 PM