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 trades down -0.35% in a weak session. Gold climbs to 2,629.5 dollars per ounce, rising +0.7%. Caution prevails in the oil market, with Light Sweet Crude Oil registering a slight decline of -0.76%.
The Spread flatlines, remaining at +115 basis points, while the Italian ten-year BTP is at +3.55%.
Among the markets of the Old Continent, investors are selling as Frankfurt records a -1.14% fall, London drifts -0.48% lower, and Paris shows a negative session -1.22% down.
Investors rush to sell in Milan as the stock exchange takes a plunge of -2.01%: the FTSE MIB thereby cements its negative run, with three consecutive declines recorded since last Friday; similarly, the FTSE Italia All-Share is firmly in the red as it retreats -1.94% to trade at 35,207 points.
The FTSE Italia Mid Cap declines -1.08%, as the FTSE Italia Star is in the red (-1.19%).
On this black day for the Borsa Italiana, not one blue chip achieves a positive performance.
Banca Popolare Sondrio reports the heaviest losses, currently suffering from a -4.30% down.
Stellantis nosedives by -4.28%.
Investors flee as Finecobank is down by a massive -4.2%.
Troubled Nexi falls -3.73%.
Reply (+1.18%), Moltiply Group (+1.11%), Marr (+0.95%) and Acea (+0.88%) are among the big players in the FTSE Italia Mid Cap index.
Carel Industries sees the heaviest sell-offs, now trading -4.91% lower.
Ferragamo dives -4.45%.
MFE A is down, with a net loss of 3.26%.
El.En is firmly in the red, showing a fall of 2.97%.
Among the most relevant macroeconomic data:
Tuesday, 11/19/2024
11:00 AM European Union: Prezzi Consumo Ex Tabacco, yearly (prev. 1.6%)
11:00 AM European Union: consumer price index, yearly (expected 2%; prev. 1.7%)
11:00 AM European Union: consumer price index, monthly (expected 0.3%; prev. -0.1%)
2:30 PM USA: housing starts (expected 1.34 Mln units; prev. 1.35 Mln units)
2:30 PM USA: buildings permits (expected 1.44 Mln units; prev. 1.43 Mln units)
Wednesday, 11/20/2024
12:50 AM Japan: Trade balance (expected 360.4 Bln ¥; prev. -294.3 Bln ¥)
8:00 AM Germany: producer price index, yearly (prev. -1.4%).
(Teleborsa) 11-19-2024 01:00 PM