Markets weak, but Milan avoids sell-offs
(Teleborsa) - European bourses are trading on a downward note, while Piazza Affari resists the downdraft.EUR / USD holds its position at 1.075. Gold holds its position at 2,328.1 dollars per ounce. Light Sweet Crude Oil meanders around the flatline, settling at 81.57 dollars per barrel.
The Spread touches +151 basis points, a 3 BPs increase over its previous level, with the Italy BTP 10Y yield at +3.93%.
Among the major European bourses, Frankfurt is modestly down, shedding -0.27%, London trades firm at +0.16%, and Paris drifts -0.6% lower.
In Milan, the FTSE MIB is largely stable, trading at 33,290 points; similarly, the FTSE Italia All-Share bounces around the flatline, trading at 35,484 points.
The FTSE Italia Mid Cap is below the flatline, slipping -0.52%; similarly, the FTSE Italia Star is slightly lower (-0.56%).
Iveco (+2.10%), MPS Bank (+2.07%), Banco Bpm (+1.63%) and Leonardo (+1.47%) top the ranks of Milan's large-caps.
Stmicroelectronics reports the heaviest losses, currently suffering from a -4.29% down.
Troubled Moncler falls -2.22%.
Telecom Italia is down, with a net loss of 2.05%.
ERG is firmly in the red, showing a fall of 1.90%.
Caltagirone (+1.05%), Tinexta (+1.04%), Iren (+1.01%) and Juventus (+0.84%) top the ranks of Milan's mid-caps.
Ariston Holding has the worst performance, with a -4.27% down.
MutuiOnline trades negative, losing -2.97%.
Fincantieri plunges -2.48%.
Marr declines by a notable -1.78%.
Among the most important macroeconomy events:
Wednesday, 6/19/2024
1:50 AM Japan: Trade balance (expected -1,300 Bln ¥; prev. -465.6 Bln ¥)
8:00 AM United Kingdom: consumer price index, yearly (expected 2%; prev. 2.3%)
8:00 AM United Kingdom: producer price index, yearly (prev. 1.1%)
8:00 AM United Kingdom: producer price index, monthly (expected 0.1%; prev. 0.3%)
8:00 AM United Kingdom: consumer price index, monthly (expected 0.4%; prev. 0.3%)
4:00 PM USA: NAHB housing market index (expected 45 points; prev. 45 points)
Thursday, 6/20/2024
8:00 AM Germany: producer price index, yearly (prev. -3.3%).
(Teleborsa) 06-19-2024 04:00 PM