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. On the US market, the S&P-500 slips into negative territory, recording a -0.47% decline.EUR / USD is slightly down at 1.058. Gold advances with a fractional gain of +0.48%. Light Sweet Crude Oil trades with a fractional gain of 0.34%.
The Spread is firmly up, adding 6 basis points to trade at +122 BPs, while the Italian 10-year BTP yield is at +3.57%.
Among the major European bourses, a dramatic session for Frankfurt, which suffers a -1.5% collapse, London falls just below its previous value, and Paris suffers a -1.56% decline.
Investors rush to sell in Milan as the stock exchange takes a plunge of -2.48%: the FTSE MIB thereby cements its negative run, with three consecutive declines recorded since last Friday; similarly, investors sell furiously as the FTSE Italia All-Share takes a sharp plunge to 35,052 points, falling -2.37%.
The FTSE Italia Mid Cap is in the red (-1.36%); on the same trend direction, the FTSE Italia Star descends -1.32%.
Leonardo leads the FTSE MIB with solid gains, registering +1.13%.
Banca Popolare Sondrio sees the heaviest sell-offs, now trading -5.08% lower.
Finecobank plunges -5%.
Telecom Italia nosedives by -4.6%.
Unicredit plunges -4.39% on intense selling.
Comer Industries (+0.97%), D'Amico (+0.95%), Technoprobe (+0.76%) and Reply (+0.72%) are among the big players in the FTSE Italia Mid Cap index.
Carel Industries sees the heaviest sell-offs, now trading -5.55% lower.
Investors flee as Ferragamo is down by a massive -5.18%.
Investors are selling as Credem records a -3.59% fall.
Banca Ifis shows a negative session -3.23% down.
Among the macroeconomic variables of high impact:
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 04:00 PM