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 essentially stable, finishing at 1.105. Gold is trading at previous levels, with a variation of -0.14%. Crude oil rises in an upbeat session, with Light Sweet Crude Oil gaining as much as +1.75%.
The Spread is broadly on the previous day's level as it settles at +142 basis points, while the Italy ten-year BTP is at +3.63%.
Among the markets of the Old Continent, Frankfurt suffers losses of 0.82%, London is subdued, shedding -0.58%, and investors hurry to sell as Paris declines -0.95%.
Piazza Affari slips fractionally as the FTSE MIB sheds -0.41%, extending its bearish run of three consecutive declines, which started last Monday; similarly, the FTSE Italia All-Share is slightly down, trading just below the flatline at 35,858 points.
The FTSE Italia Mid Cap hovers just below the flatline (-0.53%); on the same trend direction, the FTSE Italia Star is in the red (-0.78%).
Saipem (+3.32%), Banca Popolare Sondrio (+1.40%), Telecom Italia (+0.92%) and Banca Mediolanum (+0.92%) top the ranks of Milan's large-caps.
Moncler reports the heaviest losses, currently suffering from a -2.57% down.
Stmicroelectronics plunges -2.29% on intense selling.
Investors are selling as Amplifon records a -2.08% fall.
Interpump Group shows a negative session -2.07% down.
Ferretti (+1.74%), Alerion Clean Power (+1.68%), MFE B (+1.19%) and Danieli & C (+1.17%) are among the big players in the FTSE Italia Mid Cap index.
Technoprobe sees the heaviest sell-offs, now trading -2.96% lower.
Troubled Lottomatica falls -2.35%.
Ferragamo is down, with a net loss of 2.24%.
Reply is firmly in the red, showing a fall of 2.13%.
Among the macroeconomic variables of high impact:
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. -73.1 Bln $)
4:00 PM USA: factory orders, monthly (expected 4.6%; prev. -3.3%).
(Teleborsa) 04-09-2024 13:00