Milan sinks as Europe drifts lower
(Teleborsa) - A dismal session for the Italian Borsa, amid a Europe-wide downslide, as market sentiment remains negative. Right now, Wall Street reports a significant drop of -3.67% for the S&P-500.EUR / USD jumps +1.99% in an upbeat session. Investors are skittish as gold slides to 3,109.8 dollars per ounce. Light Sweet Crude Oil plunges to 66.54 dollars per barrel amid heavy sell-offs, losing -7.21%.
The Spread is up at +109 basis points, an increase of 3 BPs, with the Italy BTP 10Y yield at +3.7%.
Among the European indices, Frankfurt is in free fall, diving -3.01%, London drops like a stone, recording a -1.55 percent decline, and a dramatic session for Paris, which suffers a -3.31% collapse.
In Milan, Piazza Affari closes sharply down, with the FTSE MIB witnessing a -3.6% drop; similarly, a day to forget for the FTSE Italia All-Share as it ends -3.51% down at 39,245 points.
The FTSE Italia Mid Cap closes downbeat (-2.51%); similarly, the FTSE Italia Star declines sharply (-2.45%).
Terna (+3.73%), Italgas (+3.64%), A2A (+3.50%) and Snam (+3.46%) among the best performing blue chips in Piazza Affari.
Tenaris has the worst performance, closing -9.85% down.
Saipem suffers a -9.02% decline.
Stmicroelectronics plunges -8.32%.
Stellantis nosedives by -8.06%.
ERG (+4.37%), Garofalo Health Care (+3.56%), Newlat Food (+3.48%) and Acea (+3.02%) are among Italy's top mid-cap stocks.
El.En has the worst performance, closing -9.46% down.
Investors flee as Ferragamo is down by a massive -7.34%.
De'Longhi dives -7.24%.
D'Amico collapses (-6.67%).
(Teleborsa) 04-03-2025 06:02 PM
