(Finance) – Negative closing for European stock markets, including Piazza Affariafter several members of the Governing Council of the European Central Bank (ECB) confirmed during the day that the the rate cut decided yesterday will remain isolated in the absence of data confirming the decline in inflation.
US macroeconomic data also arrived in the afternoon to worsen the forecasts on the cost of global money. Stronger-than-expected nonfarm payrolls data signaled that the US labor market remains robustdimming hopes of interest rate cuts by the Federal Reserve in September.
Among other central bankers in the euro area, the Austrian Robert Holzmann, the lone dissenter against the rate cut, said this week’s move represents a hawkish cut, meaning the Governing Council will be “a little more cautious in the future.” “Now we are confident that the disinflation process is working,” the Irishman said Gabriel Makhlouf – That doesn’t mean, incidentally, that we know how quickly we’ll get ahead or whether we won’t because – this is the phrase we use – the road is bumpy.”
L’Euro / US Dollar is decreasing (-0.79%) and stands at 1.081. L’Gold it collapses to 2,308.7 dollars an ounce, leaving 2.83% on the table. Caution prevails on the oil market, with the petrolium (Light Sweet Crude Oil) which continues the session with a slight decline of 0.06%.
On the levels of the day before spreadwhich remains at +131 basis points, with the yield of the ten-year BTP which stands at 3.92%.
In the European stock market scenario subdued Frankfurt which shows a reduction of 0.51%, disappointing Londonwhich sits just below the levels of the day before, and is weak Pariswhich shows a small decrease of 0.48%.
The Milanese price list closes the session just below parity, with the FTSE MIB which shaves 0.50%; along the same lines, slightly decreasing FTSE Italia All-Share, which closed the day below parity at 36,885 points. On equality the FTSE Italia Mid Cap (-0.05%); moderately rising FTSE Italia Star (+0.43%).
At the close of the Milan Stock Exchange, the exchange value in the session of 06/07/2024 it was equal to 2.25 billion euros, a marked decrease (-19.2%), compared to the previous session which had seen the negotiation of 2.79 billion euros; while the volumes traded went from 0.6 billion shares in the previous session to 0.53 billion.
At the top of the ranking of the most important titles of Milan, we find Leonardo (+1.81%), Record yourself (+0.93%), Amplifon (+0.92%) e Interpump (+0.88%).
The steepest declines, however, occurred on Hera, which closed the session at -2.31%. In red A2A, which highlights a sharp decline of 2.25%. The negative performance of Unipolwhich fell by 2.14%. Snam drops by 1.86%.
Between best stocks in the FTSE MidCap, Comer Industries (+6.39%), Saint Lawrence (+4.50%), Intercos (+2.98%) e Danieli (+2.04%).
The strongest sales, however, hit De Nora Industries, which ended trading at -2.76%. Decline decided for Maire Tecnimont, which marks -2.14%. Under pressure Tinexta, with a sharp decline of 1.70%. He suffers Fincantieriwhich shows a loss of 1.70%.