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 broadly maintains the previous session's levels, with a change of only -0.07%. Investors are skittish as gold slides to 2,417.2 dollars per ounce. Light Sweet Crude Oil is largely stable at 82.21 dollars per barrel.
The Spread puts on 2 basis points to +133 BPs, with the Italy Government Bond 10-year yield at +3.73%.
Among the European indices, Frankfurt is definitely weaker with a -0.62% decrease, London slips just under the flatline with a -0.6% decrease, and Paris contracts moderately by -0.46%.
Piazza Affari slips fractionally as the FTSE MIB sheds -0.47%; similarly, the FTSE Italia All-Share comes under sell-off pressure as it retreats to 36,622 points.
The FTSE Italia Mid Cap is slightly lower (-0.63%); on the same trend direction, the FTSE Italia Star trades negative (-0.73%).
Leonardo is Milan's only blue chip to perform significantly well, achieving +1.06%.
Nexi has the worst performance, with a -1.56% down.
DiaSorin is struggling, -1.52% down.
Interpump Group is subdued, shedding -1.46%.
Stellantis falls just below its previous value.
Webuild (+0.70%) and Fincantieri (+0.52%) top the ranks of Milan's mid-caps.
Industrie De Nora has the worst performance, with a -2.28% down.
Ariston Holding suffers losses of 2.18%.
Investors hurry to sell as Marr declines -2.09%.
Sesa plunges -1.82% on intense selling.
Among the macroeconomic variables of high impact:
Friday, 7/19/2024
1:30 AM Japan: consumer price index, yearly (prev. 2.8%)
8:00 AM Germany: producer price index, monthly (expected 0.1%; prev. 0%)
8:00 AM Germany: producer price index, yearly (expected -1.6%; prev. -2.2%)
8:00 AM United Kingdom: retail sales, monthly (expected -0.6%; prev. 2.9%)
8:00 AM United Kingdom: retail sales, yearly (expected 0.2%; prev. 1.3%)
Tuesday, 7/23/2024
4:00 PM European Union: consumer confidence (prev. -14 points)
4:00 PM USA: existing home sales, monthly (prev. -0.7%).
(Teleborsa) 07-19-2024 09:30 AM