Investors flock to European equity. Piazza Affari lags behind
(Teleborsa) - The bulls are loose on the major European bourses, but not in Milan, where indices slide into the red. Meanwhile, the S&P-500 lacks direction on the stars and stripes market.EUR / USD is essentially stable at previous levels, finishing at 1.075. Gold is essentially stable at previous levels, finishing at 2,310 dollars per ounce. Light Sweet Crude Oil has a weak session, trading -0.68% lower.
The Spread is broadly on the previous day's level as it settles at +131 basis points, while the Italy ten-year BTP is at +3.77%.
Among the markets of the Old Continent, resilient Frankfurt registers a small increase of 0.34%, London advances +0.49%, and Paris attracts bids with a +0.87% rise.
The Milan stock market looks weak, with the FTSE MIB trading -0.42% lower; similarly, the FTSE Italia All-Share comes under sell-off pressure as it retreats to 36,329 points.
The FTSE Italia Mid Cap eases -0.47%; on the same line, the FTSE Italia Star slips a fraction (-0.29%).
Leonardo (+3.36%), Nexi (+1.94%), Finecobank (+1.48%) and Terna (+1.46%) among the best performing blue chips in Piazza Affari.
Saipem sees the heaviest sell-offs, now trading -2.64% lower.
Stellantis trades negative, losing -2.25%.
Campari plunges -2.2%.
Pirelli & C declines by a notable -2.14%.
Intercos (+7.96%), Danieli & C (+2.09%), OVS (+1.56%) and MutuiOnline (+1.54%) are among Italy's top mid-cap stocks.
Maire Tecnimont reports the heaviest losses, currently suffering from a -5.68% down.
Industrie De Nora drops like a stone, recording a -5.08 percent decline.
Iren is struggling, -3.11% down.
Carel Industries suffers losses of 2.08%.
(Teleborsa) 08-05-2024 16:00