Sales in Milan prevail, in line with European markets

Sales in Milan prevail in line with European markets

(Finance) – Bad day for Piazza Affari and the other main European stock exchanges, which worsened in the afternoon also due to the negative performance of Wall Street. The sector rises on the Milan Stock Exchange Food & Drink (driven by the excellent session of Campari), the sector of thePower and the sector moves significantly lower Tech. Also negative Bankswhile UniCredit ends on parity. The session, as typically happens in August, was characterized by limited volumes and the absence of operational ideas.

On the macroeconomic front, GDP and employment in the Eurozone confirmed their growth in the second quarter (gross domestic product was also revised downwards compared to the first reading), while it continued to run inflation in the UK in July, marking the highest year-over-year increase since February 1982.

In Europe, the headlines have suffered from Uniper (which recorded a half-year loss of 12 billion euros due to the impact of the gas crisis), Cineworld (which is welcoming few customers in its cinemas due to the limited number of upcoming films) e Sanofi (which stopped testing a promising breast cancer drug) e Plus500 (despite a growing first half and the announcement of a buyback).

L’Euro / US dollar it is basically stable and stops at 1.016. Bad day forgold, which continues the session at $ 1,762.2 an ounce, down 0.71%. The Petroleum (Light Sweet Crude Oil) continues the session at the levels of the day before, reporting a variation equal to + 0.5%.

The Spread worsens, touching +222 basis points, with an increase of 5 basis points compared to the previous value, with the return of the Ten-year BTP equal to 3.30%.

Among the Euroland indices bad performance for Frankfurtwhich registers a decline of 2.04%, thoughtfully Londonwith a fractional drop of 0.27%, and prey on the sellers Pariswith a decrease of 0.97%.

Minus sign in closing for the Milanese price listin a session characterized by large sales, with the FTSE MIB which accuses a 1.04% decline, breaking the positive chain of four consecutive rises, which began last Wednesday, while, on the contrary, the FTSE Italia All-Share, which closed the day at 25,163 points. Negative on FTSE Italia Mid Cap (-1.36%); as well, the bad FTSE Italia Star (-1.61%).

In the Milan Stock Exchange it appears that the exchange value in today’s session it amounted to € 1.48 billion, an increase compared to the previous session’s 1.41 billion; while the volumes traded today went from 0.55 billion shares of the previous session to today’s 0.45 billion.

Between best performers of Milan, in evidence Campari (+ 1.58%), ENI (+ 0.98%), Italgas (+ 0.80%) e Terna (+ 0.59%).

The worst performances, on the other hand, were recorded on STMicroelectronicswhich closed at -4.27%.

Black session for Saipemwhich leaves a loss of 4.00% on the table.

At a loss Pirelliwhich falls by 3.27%.

Heavy Ivecowhich marks a drop of -3.02 percentage points.

Between best stocks in the FTSE MidCap, Saras (+ 1.80%), Antares Vision (+ 1.41%) e Intercos (+ 1.21%).

Stronger sales, on the other hand, fell on Webuildwhich ended trading at -4.24%.

Negative sitting for Mfe Awhich falls by 3.52%.

Sensitive losses for Danielidown 3.48%.

Breathless Ariston Holdingwhich falls by 3.25%.

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