Selling prevails in Piazza Affari and the other European markets
(Teleborsa) - Indices in Milan and the other major European bourses all close negative US markets also see prices slip fractionally.EUR / USD is essentially stable at previous levels, finishing at 1.069. Gold is essentially stable at previous levels, finishing at 2,322.7 dollars per ounce. Light Sweet Crude Oil trades fractionally lower in this session, shedding -0.74% so far.
The Spread climbs again, settling at +137 basis points, up 4 BPs, with the Italy BTP 10Y yield at +3.94%.
Among the European markets, tottering Frankfurt dips -0.27%, London reports no significant price changes in the absence of fresh cues, and stagnant Paris trades to a near stalemate.
Piazza Affari closes fractionally lower as the FTSE MIB sheds -0.27%; similarly, the FTSE Italia All-Share comes under sell-off pressure as it closes at 36,406 points.
The FTSE Italia Mid Cap holds previous levels (-0.08%); on the same line, the FTSE Italia Star closes sideways (-0.14%).
Stmicroelectronics (+5.30%), Prysmian (+1.70%), Moncler (+1.46%) and Banca Mediolanum (+1.31%) among the top performers in Milan.
Recordati has the worst performance, closing -4.98% down.
Saipem plunges -3.32% on intense selling.
Investors are selling as MPS Bank records a -2.25% fall.
Amplifon shows a negative session -2.15% down.
Salcef Group (+17.19%), Brembo (+4.35%), Acea (+1.94%) and Italmobiliare (+1.64%) are among the best performing stocks in the FTSE Italia Mid Cap basket.
Fincantieri reports the heaviest losses, ending the session -3.82% down.
Troubled Alerion Clean Power falls -2.92%.
Philogen is down, with a net loss of 2.19%.
Tamburi is firmly in the red, showing a fall of 1.84%.
Among the most relevant macroeconomic data:
Wednesday, 4/24/2024
10:00 AM Germany: IFO index (expected 88.9 points; prev. 87.9 points)
2:30 PM USA: durable goods orders, monthly (expected 2.5%; prev. 0.7%)
4:30 PM USA: crude oil stocks change, weekly (expected 1.6 Mln barrels; prev. 2.74 Mln barrels)
Thursday, 4/25/2024
9:00 AM Spain: producer price index, yearly (prev. -8.2%)
2:30 PM USA: initial jobless claims, weekly (expected 215K units; prev. 212K units)
2:30 PM USA: wholesale trade inventories, monthly (expected 0.2%; prev. 0.5%)
2:30 PM USA: gross domestic product, quarterly (expected 2.5%; prev. 3.4%).
(Teleborsa) 04-24-2024 06:02 PM