(Finance) – Negative session for European stock marketswith investors worried about the political uncertainty in France in view of the early elections surprisingly announced by Emmanuel Macron after the defeat in the European elections. Milan is the worst, still burdened by banks.
On the macroeconomic front, in France the definitive harmonized CPI statistics for May were improved, recording variations of +0.1% m/m and +2.6% y/y, against +0.2% m/m and +2.7% y/y emerged – respectively – in the preliminary stage. Istat has instead estimated a cyclical growth for exports (+2.3%) and a reduction for imports (-1.1%) for April 2024, with the trade balance rising to +4,807 million euros.
L’Euro / US Dollar the session continues just below parity, with a drop of 0.34%. Plus sign forgold, which shows an increase of 1.23%. The Petrolium (Light Sweet Crude Oil) continues trading, with an increase of 0.36%, to 78.91 dollars per barrel.
The increase was heavy spreadwhich stands at +155 basis points, with a sharp increase of 11 basis points, while the BTP with 10 year maturity reports a yield of 3.90%.
Among the European price lists sharp decline for Frankfurtwhich marks -1.04%, remains close to parity London (-0.12%), and black session for Pariswhich leaves a loss of 2.06% on the table.
Session to forget for the Italian stock exchangewith the FTSE MIB which is leaving 2.48% on the ground; along the same lines, the FTSE Italia All-Sharewhich continues the session at 34,951 points.
Downhill the FTSE Italia Mid Cap (-1.08%); as well, under parity the FTSE Italia Starwhich shows a decline of 0.32%.
Unique Blue Chip of Milan to obtain a good result Amplifonwhich marks an increase of 1.96%.
The worst performances, however, are recorded on MPS Bank, which gets -5.50%. Under pressure Unicredit, with a sharp decline of 4.89%. At a loss BPER, which drops by 4.67%. Heavy Leonardowhich marks a decrease of -4.61 percentage points.
At the top of the mid-cap stocks ranking from Milan, Intercos (+2.72%), MARR (+1.01%), Brembo (+0.82%) e LU-VE Group (+0.59%).
The strongest sales, however, occur at MFE B, which continues trading at -4.06%. He suffers Acea, which highlights a loss of 3.59%. Prey for sellers Ifis Bank, with a decrease of 2.85%. They focus on sales GVSwhich suffers a drop of 2.70%.