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 is slightly down at 1.104. Gold is trading at previous levels, with a variation of -0.09%. Light Sweet Crude Oil is firmly in the red as it tumbles -2.54% to trade at 72.18 dollars per barrel.
The Spread is at +140 basis points, near the previous day's level, while the ten-year BTP settles at +3.7%.
Among the markets of the Old Continent, Frankfurt is subdued, shedding -0.36%, London falls just below its previous value, and Paris is sluggish, declining marginally (-0.23%).
In Milan, the FTSE MIB slides -0.76% to 34,060 points; similarly, a gloomy day for the FTSE Italia All-Share, which is trading at 36,227 points, down -0.76%.
The FTSE Italia Mid Cap declines -0.71%, as the FTSE Italia Star is slightly lower (-0.62%).
Brunello Cucinelli (+2.84%), Amplifon (+0.94%), DiaSorin (+0.74%) and Moncler (+0.66%) among the best performing blue chips in Piazza Affari.
MPS Bank sees the heaviest sell-offs, now trading -4.03% lower.
Banca Popolare Sondrio plunges -3.79%.
Saipem declines by a notable -3.78%.
Banco Bpm is struggling, -2.86% down.
Juventus (+1.16%), Carel Industries (+0.81%), Mondadori (+0.78%) and Technogym (+0.52%) are among the best performing stocks in the FTSE Italia Mid Cap basket.
Danieli & C sees the heaviest sell-offs, now trading -7.73% lower.
Comer Industries suffers losses of 3.72%.
Investors hurry to sell as Ferretti declines -3.33%.
Tinexta plunges -2.97% on intense selling.
Among the most relevant macroeconomic data:
Tuesday, 9/3/2024
3:45 PM USA: manufacturing PMI (expected 48.1 points; prev. 49.6 points)
4:00 PM USA: manufacturing ISM (expected 47.5 points; prev. 46.8 points)
Wednesday, 9/4/2024
3:45 AM China: Caixin services PMI (expected 52.1 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. 0.5%)
11:00 AM European Union: producer price index, yearly (prev. -3.2%).
(Teleborsa) 03-09-2024 13:00