Selling prevails in Piazza Affari and the other European markets
(Teleborsa) - Indices in Milan and the other major European bourses all trade negative.EUR / USD holds its position at 1.073. Gold trades fractionally lower in this session, shedding -0.3% so far. Light Sweet Crude Oil meanders around the flatline, settling at 81.55 dollars per barrel.
The Spread flatlines, remaining at +149 basis points, while the Italian ten-year BTP is at +3.9%.
Among the European markets, Frankfurt plunges -1.15%, London goes nowhere, reporting a +0.01% change, and Paris is subdued, shedding -0.69%.
The Milanese stock exchange is trading just below the flatline (-0.22%); similarly, the FTSE Italia All-Share is trading just below the previous session's levels, at 35,968 points.
The FTSE Italia Mid Cap spirals down (-0.79%); on the same line, the FTSE Italia Star declines -0.71%.
Saipem (+2.83%), ENI (+1.94%), Bper (+1.04%) and Enel (+0.69%) among the best performing blue chips in Piazza Affari.
Stmicroelectronics sees the heaviest sell-offs, now trading -2.63% lower.
Interpump Group falls just below its previous value.
DiaSorin is sluggish, declining marginally (-1.13%).
Telecom Italia is modestly down, shedding -1.04%.
Not one FTSE Italia Mid Cap stock emerges from negative territory.
Fincantieri has the worst performance, with a -7.33% down.
GVS declines by a notable -1.93%.
Tinexta is struggling, -1.92% down.
Technoprobe suffers losses of 1.85%.
Among the macroeconomic variables of high impact:
Tuesday, 6/25/2024
9:00 AM Spain: gross domestic product, quarterly (expected 0.7%; prev. 0.7%)
9:00 AM Spain: producer price index, yearly (prev. -6.6%)
3:00 PM USA: FHFA house price, monthly (expected 0.5%; prev. 0.1%)
3:00 PM USA: S&P Case-Shiller, yearly (expected 7%; prev. 7.4%)
4:00 PM USA: consumer confidence, monthly (expected 100 points; prev. 102 points)
Wednesday, 6/26/2024
8:45 AM France: consumer confidence, monthly (prev. 90 points)
4:00 PM USA: new home sales (expected 650K units; prev. 634K units).
(Teleborsa) 06-25-2024 09:30 AM