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 1.103. Gold is essentially stable at previous levels, finishing at 3,111.3 dollars per ounce. Light Sweet Crude Oil plunges to 62.62 dollars per barrel amid heavy sell-offs, losing -6.47%.
The Spread charges ahead, rising as much as 8 basis points to trade at +117 BPs, while the Italy 10-year BTP yield is at +3.64%.
Among the European indices, Frankfurt dives -5.15%, London collapses (-3.94%), and Paris reels under sharp sell-offs as it declines -4.26%.
Investors rush to sell in Milan as the stock exchange takes a plunge of -7.34%, continuing its downward trajectory that has seen three consecutive drops since last Wednesday; similarly, the FTSE Italia All-Share is firmly in the red as it retreats -7.42% to trade at 36,332 points.
The FTSE Italia Mid Cap is in the doldrums (-6.09%), as the FTSE Italia Star plummets (-5.36%).
DiaSorin is the top advancer among Italy's large-caps, with a +2.07% increase.
Bper sees the heaviest sell-offs, now trading -12.96% lower.
An ugly performance for MPS Bank, which registers a -12.65% loss.
A black day for Unicredit, which sheds -12.49%.
Banco Bpm is in free fall, diving -12.15%.
Philogen is the jewel in the crown of Milan's mid-caps, gaining +2.31%.
Banco di Desio e della Brianza sees the heaviest sell-offs, now trading -11.43% lower.
Banca Ifis drops like a stone, recording a -11.06 percent decline.
A dramatic session for Danieli & C, which suffers a -10.91% collapse.
Webuild suffers a -9.98% decline.
(Teleborsa) 04-04-2025 01:00 PM
