European equity closes in the red. Milan also down
(Teleborsa) - A gloomy day for Piazza Affari and Europe's other major bourses. On Wall Street, the S&P-500 edges lower.EUR / USD is essentially stable at previous levels, finishing at 1.088. Gold is trading at previous levels, with a variation of -0.03%. Light Sweet Crude Oil gains +2.59% amid a flurry of buy orders.
The Spread remains unchanged at +125 basis points, while the Italy ten-year BTP is at +3.65%.
Among the European markets, Frankfurt is definitely weaker with a -0.56% decrease, London is basically unchanged, reporting a scant +0.09% variation, and Paris slips just under the flatline with a -0.5% decrease.
The Milanese stock market ends the session just below the flatline as the FTSE MIB sheds -0.39%; similarly, the FTSE Italia All-Share comes under sell-off pressure as it closes at 36,613 points.
The FTSE Italia Mid Cap ends negative (-0.85%); on the same trend direction, the FTSE Italia Star spirals down (-1.39%).
Among Italy's best performing large-caps, Bper records a fairly pedestrian increase of +1.33%.
DiaSorin is only just in the black as it climbs a scant +0.89%.
Intesa Sanpaolo lacks momentum in this session, reflected in a moderate gain of 0.87%.
Banco Bpm makes fairly pedestrian progress (+0.76%).
Iveco has the worst performance, closing -3.20% down.
Stmicroelectronics is firmly in the red, showing a fall of 3.06%.
Amplifon trades negative, losing -2.74%.
Leonardo plunges -2.47%.
Banco di Desio e della Brianza (+7.41%), Philogen (+2.30%), Ariston Holding (+1.76%) and Credem (+1.52%) top the ranks of Milan's mid-caps.
Moltiply Group reports the heaviest losses, ending the session -2.75% down.
D'Amico declines by a notable -2.71%.
Buzzi is struggling, -2.5% down.
Danieli & C suffers losses of 2.41%.
Among the most relevant macroeconomic data:
Monday, 11/4/2024
10:00 AM European Union: manufacturing PMI (expected 45.9 points; prev. 45 points)
4:00 PM USA: factory orders, monthly (expected -0.4%; prev. -0.8%)
Tuesday, 11/5/2024
2:45 AM China: Caixin services PMI (expected 50.5 points; prev. 50.3 points)
8:45 AM France: industrial production, monthly (expected -0.7%; prev. 1.4%)
2:30 PM USA: Trade balance (expected -75.3 Bln $; prev. -70.4 Bln $)
3:45 PM USA: composite PMI (expected 54.3 points; prev. 54 points)
3:45 PM USA: services PMI (expected 55.3 points; prev. 55.2 points).
(Teleborsa) 11-04-2024 06:02 PM