Piazza Affari heads the pack in Europe
(Teleborsa) - Stock markets are having a poor day on the Old Continent, trading negative amid broad selling pressure. In this dreary climate, Milan holds firm and wins the laurels.EUR / USD broadly maintains the previous session's levels, with a change of only -0.14%. Gold loses a lot of ground, retracing by -0.84% to trade at 2,298.9 dollars per ounce. Light Sweet Crude Oil trades with a fractional gain of 0.56%.
The Spread (the difference between the Italian BTP and German Bund yields) drops to +128 basis points, down -3 BPs from its previous level, with the Italy 10-year BTP yield at +3.82%.
Among the markets of the Old Continent, Frankfurt reports no significant price changes in the absence of fresh cues, London edges higher, showing an increase of 0.39%, and Paris trades negative, losing -0.75%.
Milan is trading slightly higher, with the FTSE MIB advancing to 33,814 points, while, instead, the FTSE Italia All-Share is trading on a dull note, at 36,003 points, around the previous day's levels.
The FTSE Italia Mid Cap holds the line (-0.02%); on the same line, the FTSE Italia Star holds previous levels (-0.04%).
MPS Bank (+4.90%), Ferrari (+2.35%), Hera (+2.18%) and Nexi (+1.94%) among the top performers in Milan.
Stellantis reports the heaviest losses, currently suffering from a -3.64% down.
ENI plunges -2.27%.
Stmicroelectronics declines by a notable -1.85%.
Iveco is struggling, -1.52% down.
Ariston Holding (+2.73%), Ferragamo (+1.82%), ENAV (+1.50%) and Zignago Vetro (+1.44%) are among Italy's top mid-cap stocks.
Fincantieri reports the heaviest losses, currently suffering from a -2.81% down.
Maire Tecnimont suffers losses of 2.44%.
Investors hurry to sell as Pharmanutra declines -2.43%.
Comer Industries plunges -2.12% on intense selling.
Among the most relevant macroeconomic data:
Thursday, 5/2/2024
10:00 AM European Union: manufacturing PMI (expected 45.6 points; prev. 46.1 points)
10:00 AM Italy: producer price index, monthly (prev. -1%)
10:00 AM Italy: producer price index, yearly (prev. -10.8%)
1:30 PM USA: challenger job cuts (prev. 90.31K units)
2:30 PM USA: productivity index, quarterly (expected 0.8%; prev. 3.2%)
2:30 PM USA: initial jobless claims, weekly (expected 212K units; prev. 207K units)
2:30 PM USA: Trade balance (expected -69.5 Bln $; prev. -68.9 Bln $).
(Teleborsa) 05-02-2024 01:00 PM