Milan slides but Europe plummets
(Teleborsa) - Piazza Affari weakens, while the other European markets are firmly down. In New York, the S&P-500 trades neutral.EUR / USD creeps higher, showing a +0.34% rise. Gold is trading at previous levels, with a variation of +0.02%. Light Sweet Crude Oil trades fractionally lower in this session, shedding -0.55% so far.
The Spread (the difference between the Italian BTP and German Bund yields) drops to +139 basis points, down -3 BPs from its previous level, with the Italy 10-year BTP yield at +3.58%.
Among the European markets, Frankfurt is down, with a net loss of 0.83%, London is sluggish, declining marginally (-0.35%), and Paris is firmly in the red, showing a fall of 0.98%.
In Milan, the FTSE MIB trades below the flatline, finishing -0.54% down at 33,682 points: the Milan Stock Exchange main index thereby cements its negative run, with three consecutive declines recorded since last Monday; similarly, the FTSE Italia All-Share comes under sell-off pressure as it closes at 35,823 points.
The FTSE Italia Mid Cap eases -0.41%; on the same line, the FTSE Italia Star slips a fraction (-0.7%).
Among Italy's best performing large-caps, Telecom Italia is firmly in the black, progressing +2.31%.
Saipem performs well, growing +2.23%.
DiaSorin secures a tidy +1.88% gain.
Banca Mediolanum lacks momentum in this session, reflected in a moderate gain of 1.01%.
Moncler sees the heaviest sell-offs, finishing trade -4.44% lower.
Amplifon trades negative, losing -3.04%.
Prysmian plunges -2.05%.
Interpump Group declines by a notable -1.5%.
Alerion Clean Power (+1.93%), MFE B (+1.66%), Caltagirone (+1.42%) and MFE A (+1.34%) are among the best performing stocks in the FTSE Italia Mid Cap basket.
Reply sees the heaviest sell-offs, finishing trade -3.13% lower.
Technoprobe is struggling, -3.1% down.
Ferragamo suffers losses of 2.58%.
Investors hurry to sell as Lottomatica declines -2.17%.
Among the most relevant macroeconomic data:
Wednesday, 9/4/2024
3:45 AM China: Caixin services PMI (expected 51.9 points; prev. 52.1 points)
10:00 AM European Union: composite PMI (expected 51.2 points; prev. 50.2 points)
10:00 AM European Union: services PMI (expected 53.3 points; prev. 51.9 points)
11:00 AM European Union: producer price index, monthly (expected 0.3%; prev. 0.6%)
11:00 AM European Union: producer price index, yearly (expected -2.5%; prev. -3.3%)
2:30 PM USA: Trade balance (expected -78.8 Bln $; prev. -73 Bln $)
4:00 PM USA: factory orders, monthly (expected 4.7%; prev. -3.3%).
(Teleborsa) 04-09-2024 18:02