Milan slides but Europe plummets
(Teleborsa) - Piazza Affari weakens, while the other European markets are firmly down. Meanwhile, Wall Street slides further as the S&P-500 takes a -1.72% tumble.There is no significant change for EUR / USD which, at 1.085, is traded around previous levels. Gold trades slightly up at 2,424.6 dollars per ounce. Light Sweet Crude Oil shows a timid gain of +0.49%.
The Spread touches +138 basis points, a 4 BPs increase over its previous level, with the Italy BTP 10Y yield at +3.8%.
Among the markets of the Old Continent, Frankfurt plunges -0.92% on intense selling, London trades largely sideways, and investors are selling as Paris records a -1.12% fall.
In Milan, the FTSE MIB trades below the flatline, finishing -0.48% down at 34,472 points; similarly, the FTSE Italia All-Share finishes below the flatline, at 36,694 points.
The FTSE Italia Mid Cap spirals down (-0.84%); on the same trend direction, the FTSE Italia Star finishes just below the flatline (-0.65%).
Bper (+1.47%), Italgas (+1.11%), MPS Bank (+0.98%) and Amplifon (+0.91%) among the best performing blue chips in Piazza Affari.
Iveco has the worst performance, closing -14.53% down.
Saipem is in free fall, diving -4.92%.
Leonardo drops like a stone, recording a -4.03 percent decline.
A dramatic session for Moncler, which suffers a -3.95% collapse.
Alerion Clean Power (+3.70%), Iren (+1.69%), Caltagirone (+1.43%) and Pharmanutra (+1.27%) are among the big players in the FTSE Italia Mid Cap index.
Ferragamo reports the heaviest losses, ending the session -2.98% down.
Technogym shows a negative session -2.85% down.
Troubled SOL falls -2.67%.
CIR is down, with a net loss of 2.39%.
Among the most relevant macroeconomic data:
Wednesday, 7/24/2024
2:30 AM Japan: manufacturing PMI (expected 50.5 points; prev. 50 points)
9:00 AM Spain: producer price index, yearly (prev. -4.5%)
10:00 AM European Union: manufacturing PMI (expected 46 points; prev. 45.8 points)
10:00 AM European Union: composite PMI (expected 51.1 points; prev. 50.9 points)
10:00 AM European Union: services PMI (expected 52.9 points; prev. 52.8 points)
2:30 PM USA: wholesale trade inventories, monthly (expected 0.4%; prev. 0.6%)
3:45 PM USA: manufacturing PMI (expected 51.7 points; prev. 51.6 points).
(Teleborsa) 07-24-2024 06:02 PM