Borsa Italiana sees moderate losses

(Teleborsa) - Piazza Affari slips fractionally, while Euroland creeps up. Gains on the US stock market as the S&P-500 records a +1.13% rise.

EUR / USD trades slightly up at 1.077. Gold trades down -0.46% in a weak session. Light Sweet Crude Oil loses -0.67%, changing hands at 78.42 dollars per barrel.

The Spread remains unchanged at +130 basis points, while the Italy ten-year BTP is at +3.79%.

Among the markets of the Old Continent, Frankfurt makes fairly pedestrian progress (+0.58%), London looks composed with modest growth of +0.51%, and Paris performs modestly, showing a moderate +0.54% rise.

Piazza Affari closes on a cautious note, with the FTSE MIB registering a slight loss of -0.32%: the Milan Stock Exchange main index thereby cements its negative run, with three consecutive declines recorded since last Tuesday; similarly, the FTSE Italia All-Share closes on a downbeat note, at 35,832 points, which is just shy of the previous session's levels.

The FTSE Italia Mid Cap holds the line (+0.13%); the FTSE Italia Star posts marginal gains (+0.35%).

Brunello Cucinelli (+2.99%), Interpump Group (+2.88%), Stmicroelectronics (+2.58%) and Telecom Italia (+1.98%) among the best performing blue chips in Piazza Affari.

MPS Bank sees the heaviest sell-offs, finishing trade -4.98% lower.

Investors hurry to sell as Intesa Sanpaolo declines -3.13%.

Bper plunges -2.94% on intense selling.

Investors are selling as Banco Bpm records a -2.89% fall.

Juventus (+3.30%), Digital Value (+3.04%), Danieli & C (+2.42%) and OVS (+1.96%) are among Italy's top mid-cap stocks.

MFE B has the worst performance, closing -1.89% down.

SOL shows a negative session -1.71% down.

Troubled D'Amico falls -1.64%.

Cembre contracts moderately by -1.35%.

Among the most important macroeconomy events:

Friday, 5/3/2024
8:45 AM France: industrial production, monthly (expected 0.3%; prev. 0.2%)
10:00 AM Italy: unemployment rate (expected 7.5%; prev. 7.4%)
11:00 AM European Union: unemployment rate (expected 6.5%; prev. 6.5%)
2:30 PM USA: unemployment rate (expected 3.8%; prev. 3.8%)
2:30 PM USA: employment change (expected 248K units; prev. 315K units)
3:45 PM USA: services PMI (expected 50.9 points; prev. 51.7 points)
3:45 PM USA: composite PMI (expected 50.9 points; prev. 52.1 points).

(Teleborsa) 05-03-2024 06:02 PM