Selling prevails in Piazza Affari and the other European markets

(Teleborsa) - Indices in Milan and the other major European bourses all close negative The US market is also slumping.

There is no significant change for EUR / USD which, at 1.087, is traded around previous levels. Gold trades up, advancing to 2,980.5 dollars per ounce. Light Sweet Crude Oil shows a strong decline (-1.54%) as it touches 66.64 dollars per barrel.

The Spread puts on 2 basis points to +110 BPs, with the Italy Government Bond 10-year yield at +3.93%.

Among the major European bourses, Frankfurt falls just below its previous value, London is essentially flat, offering a scant +0.02%, and Paris is sluggish, declining marginally (-0.64%).

Piazza Affari has a negative session, with the FTSE MIB shedding -0.8%; similarly, it's a gloomy day for the FTSE Italia All-Share, which ends the session at 40,244 points, down -0.74%.

The FTSE Italia Mid Cap is practically unchanged (+0.07%); the FTSE Italia Star finishes just below the flatline (-0.66%).

Among Italy's best performing large-caps, Nexi stands out, progressing +2.23%.

A positive performance for Telecom Italia, which advances by a notable +2.15%.

MPS Bank's +1.95% surge cheers investors.

ERG forges ahead by +1.8%.

Campari sees the heaviest sell-offs, finishing trade -4.31% lower.

Saipem is struggling, -3.41% down.

Moncler suffers losses of 2.75%.

Investors hurry to sell as Stmicroelectronics declines -2.64%.

Alerion Clean Power (+14.85%), Reply (+5.43%), Webuild (+4.36%) and Intercos (+3.45%) are among the big players in the FTSE Italia Mid Cap index.

Carel Industries has the worst performance, closing -7.90% down.

An ugly performance for Ariston Holding, which registers a -4.84% loss.

A black day for Tinexta, which sheds -4.23%.

Cembre plunges -3.17% on intense selling.

Among the most important macroeconomy events:

Thursday, 3/13/2025
11:00 AM European Union: industrial production, monthly (expected 0.5%; prev. -0.4%)
11:00 AM European Union: industrial production, yearly (expected -0.9%; prev. -1.5%)
1:30 PM USA: initial jobless claims, weekly (expected 226K units; prev. 222K units)
1:30 PM USA: producer price index, monthly (expected 0.3%; prev. 0.6%)
1:30 PM USA: producer price index, yearly (expected 3.3%; prev. 3.7%)

Friday, 3/14/2025
8:00 AM Germany: consumer price index, yearly (expected 2.3%; prev. 2.3%)
8:00 AM Germany: consumer price index, monthly (expected 0.4%; prev. -0.2%).

(Teleborsa) 13-03-2025 18:02