Milan takes a dip but Europe plunges
(Teleborsa) - Piazza Affari is trading on a weak note, while the other European markets record heavy losses. On Wall Street the S&P-500 is basically stagnant, posting a paltry +0.07% change.EUR / USD holds its position at 1.106. Gold is just below the flatline as it slips -0.31%. Light Sweet Crude Oil trades fractionally lower in this session, shedding -0.44% so far.
The Spread retreats to +139 basis points, a decline of 3 BPs, while the Italian BTP 10-year yield is +3.59%.
Among the markets of the Old Continent, Frankfurt is subdued, shedding -0.7%, London falls just below its previous value, and Paris plunges -0.89%.
The Milanese stock exchange is trading just below the flatline (-0.26%); similarly, the FTSE Italia All-Share is trading just below the previous session's levels, at 35,907 points.
The FTSE Italia Mid Cap is slightly lower (-0.31%); on the same line, the FTSE Italia Star eases -0.62%.
Among Italy's best performing large-caps, Saipem is firmly in the black, progressing +2.5%.
Banca Popolare Sondrio performs well, growing +1.63%.
Telecom Italia secures a tidy +1.53% gain.
DiaSorin is essentially healthy, gaining +1.24%.
Moncler has the worst performance, with a -3.93% down.
Amplifon declines by a notable -2.63%.
Prysmian is struggling, -1.67% down.
Ferrari suffers losses of 1.51%.
Comer Industries (+2.92%), Alerion Clean Power (+2.65%), MFE B (+2.07%) and Caltagirone (+1.42%) are among Italy's top mid-cap stocks.
Technoprobe sees the heaviest sell-offs, now trading -3.66% lower.
Investors hurry to sell as Reply declines -2.99%.
Lottomatica plunges -2.35% on intense selling.
Investors are selling as Ferragamo records a -2.1% fall.
Among the most important macroeconomy events:
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 16:00