Selling prevails in Piazza Affari and the other European markets

(Teleborsa) - Indices in Milan and the other major European bourses all trade negative In the United States, the S&P-500 lacks direction.

EUR / USD makes timid gains, progressing by +0.68%. Gold is up +0.74% at 2,652.1 dollars per ounce. Light Sweet Crude Oil is slightly up, rising to 69.15 dollars per barrel.

The Spread is at +125 basis points, near the previous day's level, while the ten-year BTP settles at +3.42%.

Among the major European bourses, Frankfurt totters along with a modest -0.22% decline, London essentially treads water (+0.18%), and a sluggish day for Paris, which drops -0.69%.

Caution prevails in Milan as the FTSE MIB registers a marginal drop of -0.35%, continuing its run after three consecutive falls, which began last Monday; similarly, the FTSE Italia All-Share comes under sell-off pressure as it retreats to 35,188 points.

The FTSE Italia Mid Cap is below the flatline, slipping -0.31%; the FTSE Italia Star lacks direction (+0.02%).

Saipem (+1.75%), MPS Bank (+1.68%), Finecobank (+1.57%) and Pirelli & C (+1.41%) among the best performing blue chips in Piazza Affari.

Generali has the worst performance, with a -2.42% down.

Stmicroelectronics shows a negative session -1.94% down.

Nexi trades with a small loss of -1.32%.

Tottering Iveco dips -1.3%.

Digital Value (+16.60%), Ariston Holding (+3.03%), Alerion Clean Power (+1.98%) and Marr (+1.45%) are among the big players in the FTSE Italia Mid Cap index.

Buzzi reports the heaviest losses, currently suffering from a -2.74% down.

Troubled Safilo falls -2.15%.

Ferretti is down, with a net loss of 2.12%.

Ferragamo is firmly in the red, showing a fall of 1.81%.

Among the macroeconomic variables of high impact:

Wednesday, 11/27/2024
8:45 AM France: consumer confidence, monthly (prev. 93 points)
2:30 PM USA: gross domestic product, quarterly (expected 2.8%; prev. 3%)
2:30 PM USA: personal spending, monthly (expected 0.4%; prev. 0.5%)
2:30 PM USA: personal income, monthly (expected 0.3%; prev. 0.3%)
2:30 PM USA: wholesale trade inventories, monthly (expected 0%; prev. -0.2%)
2:30 PM USA: initial jobless claims, weekly (expected 215K units; prev. 215K units)
2:30 PM USA: durable goods orders, monthly (expected -0.8%; prev. -0.4%).

(Teleborsa) 11-27-2024 04:00 PM