Sell-offs in Piazza Affari. Rest of Europe unmoved
(Teleborsa) - Bulls and bears are in stalemate as the major bourses on the Old Continent trade on the flatline. Trending against them, the Borsa Italiana slides into the red.EUR / USD trades fractionally lower in this session, shedding -0.24% so far. Gold trades down -0.47% in a weak session. Light Sweet Crude Oil enjoys a positive session, gaining +0.81%.
The Spread is broadly on the previous day's level as it settles at +150 basis points, while the Italy ten-year BTP is at +3.94%.
Among the European markets, stagnant Frankfurt trades to a near stalemate, London is stuck at the previous session's levels, and Paris is sluggish, declining marginally (-0.46%).
Piazza Affari slips fractionally as the FTSE MIB sheds -0.29%; similarly, the FTSE Italia All-Share is slightly down, trading just below the flatline at 35,796 points.
The FTSE Italia Mid Cap slips a fraction (-0.45%); similarly, the FTSE Italia Star hovers just below the flatline (-0.54%).
Saipem (+3.40%), Bper (+1.42%) and Telecom Italia (+0.71%) among the best performing blue chips in Piazza Affari.
Ferrari reports the heaviest losses, currently suffering from a -1.51% down.
Interpump Group is modestly down, shedding -1.35%.
Unipol drifts -1.07% lower.
Italgas totters along with a modest -0.89% decline.
D'Amico (+8.81%), Fincantieri (+4.55%), Lottomatica (+1.89%) and Industrie De Nora (+1.57%) are among the best performing stocks in the FTSE Italia Mid Cap basket.
Danieli & C sees the heaviest sell-offs, now trading -2.60% lower.
Cementir suffers losses of 2.09%.
Investors hurry to sell as CIR declines -2.05%.
De'Longhi plunges -1.79% on intense selling.
Among the macroeconomic variables of high impact:
Wednesday, 6/26/2024
8:45 AM France: consumer confidence, monthly (expected 89 points; prev. 90 points)
4:00 PM USA: new home sales (expected 636K units; prev. 634K units)
4:00 PM USA: new home sales, monthly (prev. -4.7%)
4:30 PM USA: crude oil stocks change, weekly (prev. -2.55 Mln barrels)
Thursday, 6/27/2024
1:50 AM Japan: retail sales, yearly (expected 2%; prev. 2.4%)
9:00 AM Spain: retail sales, monthly (prev. 0.8%)
9:00 AM Spain: retail sales, yearly (prev. 0.3%).
(Teleborsa) 06-26-2024 01:00 PM