Milan takes a dip but Europe plunges
(Teleborsa) - Piazza Affari is trading on a weak note, while the other European markets record heavy losses.EUR / USD is slightly down at 1.076. There is no significant change for gold which, at 2,296.4 dollars per ounce, is traded around previous levels. A slightly better session for Light Sweet Crude Oil, as it advances to 75.66 dollars per barrel.
The Spread is firmly up, adding 8 basis points to trade at +139 BPs, while the Italian 10-year BTP yield is at +4%.
Among the European indices, Frankfurt is definitely weaker with a -0.6% decrease, London slips just under the flatline with a -0.42% decrease, and Paris suffers a -1.8% decline.
Piazza Affari is trading negative, with the FTSE MIB shedding -0.84%; similarly, the FTSE Italia All-Share retreats -0.79% to trade at 36,592 points.
The FTSE Italia Mid Cap hovers just below the flatline (-0.45%); similarly, the FTSE Italia Star is below the flatline, slipping -0.53%.
Among Italy's best performing large-caps, Leonardo records a fairly pedestrian increase of +0.87%.
Prysmian is only just in the black as it climbs a scant +0.82%.
Stmicroelectronics sees the heaviest sell-offs, now trading -2.26% lower.
Investors are selling as Stellantis records a -2.14% fall.
Moncler shows a negative session -1.82% down.
Troubled Brunello Cucinelli falls -1.54%.
SAES Getters (+1.65%), Caltagirone (+0.74%) and Intercos (+0.63%) are among the best performing stocks in the FTSE Italia Mid Cap basket.
Credem has the worst performance, with a -1.25% down.
SOL contracts moderately by -1.22%.
Sanlorenzo is subdued, shedding -1.13%.
Ferragamo falls just below its previous value.
Among the macroeconomic variables of high impact:
Monday, 6/10/2024
1:50 AM Japan: gross domestic product, quarterly (expected -0.5%; prev. 0.1%)
1:50 AM Japan: current account (prev. 3,399 Bln ¥)
10:00 AM Italy: industrial production, monthly (expected 0.3%; prev. -0.5%)
10:00 AM Italy: industrial production, yearly (prev. -3.5%)
Tuesday, 6/11/2024
8:00 AM United Kingdom: unemployment rate (expected 4.3%; prev. 4.3%)
8:00 AM United Kingdom: initial jobless claims (expected 10.2K units; prev. 8.9K units)
Wednesday, 6/12/2024
1:50 AM Japan: producer price index, monthly (expected 0.4%; prev. 0.3%).
(Teleborsa) 06-10-2024 09:30 AM