(Finance) – Negative session for European stock marketswith investors left disappointed by the economic stimulus measures announced by Chinese governmentas they continue to analyze the potential repercussions of the United States applying new tariffs, if Donald Trump he will confirm what he promised once he comes to power.
On the macroeconomic front, in Italy in September retail sales recorded an increase of +1.2% m/m both in value and volume. In the same month the industrial productionafter the stability of August, fell by -0.4% m/m due, above all, to consumer goods and energy; output then contracted by -0.6% q/q in the 3rd quarter, marking the sixth consecutive quarterly decline.
Minus sign forEuro / US Dollarin a session characterized by large sales (-0.73%). Slight decline ingoldwhich drops to 2,687.9 dollars an ounce. A day to forget for petrolium (Light Sweet Crude Oil), which trades at 70.14 dollars per barrel, with a decline of 3.06%.
It goes down a lot spreadreaching +122 basis points, with a sharp decline of 8 basis points, with the yield of the 10-year BTP which is positioned at 3.65%.
Among the European price lists stands out the negative performance of Frankfurtwhich falls by 0.76%, London drops by 0.84%, and a sharp decline for Pariswhich marks -1.17%.
Closing fractionally lower for Business Squarewith the FTSE MIB which leaves 0.48% on the floor; along the same lines, sells the FTSE Italia All-Sharewhich closes at 35,970 points. Consolidates the levels of the day before FTSE Italia Mid Cap (-0.11%); in decline the FTSE Italia Star (-1.1%).
From the closing data of the Italian Stock Exchange, it appears that the exchange value in the session of 8/11/2024 it was equal to 3.39 billion euros, down by 14.27%, compared to the 3.96 billion on the day before; while the volumes traded went from 0.59 billion shares in the previous session to 0.55 billion.
At the top of the ranking of the most important titles of Milan, we find MPS Bank (+3.11%), Pirelli (+2.78%), Prysmian (+2.20%) e Saipem (+2.15%).
The strongest sales, however, hit Unipolwhich ended trading at -6.12%. Thud of Azimuthwhich shows a fall of 5.36%. Letter about BPERwhich recorded a significant drop of 4.38%. He goes down Ivecowith a decline of 3.94%.
At the top among Italian shares a mid-cap, Juventus (+4.20%), Philogen (+2.50%), Cementir (+2.35%) e Ascopiave (+2.26%).
The strongest sales, however, hit Tinextawhich ended trading at -13.43%. Collapses D’Amicowith a decline of 7.30%. Sales galore Carel Industrieswhich suffers a decrease of 5.90%. Under pressure Piaggiowith a sharp decline of 4.49%.