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. Meanwhile, the US markets confirm a dire performance, with the S&P-500 sliding -2.68%.EUR / USD is slightly down at 1.101. Gold collapses, trading at 3,063.5 dollars per ounce after losing -1.6%. Light Sweet Crude Oil slumps -8.02% to land at 61.58 dollars per barrel.
The Spread sees substantial appreciation, rising by 8 basis points to settle at +117 BPs, while the Italy 10Y BTP yield is at +3.68%.
Among the markets of the Old Continent, Frankfurt dives -3.97%, London collapses (-4.02%), and Paris reels under sharp sell-offs as it declines -3.78%.
In Milan, Piazza Affari declines sharply, with the FTSE MIB witnessing a -5.95% drop, continuing its run after three consecutive falls, which began last Wednesday; similarly, the FTSE Italia All-Share is firmly in the red as it retreats -5.85% to trade at 36,949 points.
The FTSE Italia Mid Cap is badly hit (-5.05%); on the same trend direction, the FTSE Italia Star is in the doldrums (-4.09%).
Among Italy's best performing large-caps, DiaSorin forges ahead by +2.68%.
Amplifon is in positive territory with a +1.53% increase.
Azimut reports the heaviest losses, currently suffering from a -11.23% down.
An ugly performance for MPS Bank, which registers a -11.21% loss.
A black day for Bper, which sheds -10.4%.
Leonardo is in free fall, diving -10.37%.
Philogen heads the list of FTSE Italia Mid Cap stocks, gaining +0.51%.
Banco di Desio e della Brianza has the worst performance, with a -11.17% down.
Danieli & C drops like a stone, recording a -10.23 percent decline.
A dramatic session for Banca Generali, which suffers a -9.85% collapse.
Banca Ifis suffers a -9.83% decline.
Among the macroeconomic variables of high impact:
Friday, 4/4/2025
1:30 AM Japan: real household consumption expenditure, monthly (expected 0.5%; prev. -4.5%)
8:00 AM Germany: factory orders, monthly (expected 3.4%; prev. -5.5%)
8:45 AM France: industrial production, monthly (expected 0.5%; prev. -0.5%)
10:00 AM Italy: retail sales, yearly (prev. 0.9%)
10:00 AM Italy: retail sales, monthly (expected 0.2%; prev. -0.4%)
2:30 PM USA: unemployment rate (expected 4.1%; prev. 4.1%)
2:30 PM USA: employment change (expected 137K units; prev. 117K units).
(Teleborsa) 04-04-2025 04:00 PM
