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 broadly maintains the previous session's levels, with a change of only -0.06%. Gold creeps up +0.28%. Light Sweet Crude Oil continues to trade sideways, registering a -0.19% change.
The Spread jumps to +137 basis points, an increase of 3 BPs, with the Italy BTP 10Y yield at +3.77%.
Among the European markets, Frankfurt is down, with a net loss of 0.71%, London totters along with a modest -0.39% decline, and Paris is firmly in the red, showing a fall of 1.38%.
Piazza Affari slips fractionally as the FTSE MIB sheds -0.63%; similarly, the FTSE Italia All-Share loses -0.59% to trade at 36,665 points.
The FTSE Italia Mid Cap trades sideways (-0.07%); similarly, the FTSE Italia Star lacks direction (-0.14%).
Italgas (+1.11%) and Prysmian (+0.79%) among the best performing blue chips in Piazza Affari.
Iveco has the worst performance, with a -7.22% down.
Moncler trades negative, losing -2.68%.
Brunello Cucinelli plunges -2.23%.
Ferrari declines by a notable -2.02%.
Alerion Clean Power (+2.17%), Industrie De Nora (+2.16%), MFE A (+1.27%) and Brembo (+1.11%) top the ranks of Milan's mid-caps.
Ferragamo has the worst performance, with a -2.13% down.
A sluggish day for De'Longhi, which drops -1.12%.
Philogen trades with a small loss of -0.95%.
Tottering Technogym dips -0.79%.
Among the macroeconomic rendez-vous that might have high influence on the markets:
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 51.6 points; prev. 51.6 points).
(Teleborsa) 07-24-2024 09:30 AM