Cautious day for European stock markets, orphaned by Wall Street

European stock markets negative after inflation data Piazza Affari holds

(Telestock) – Piazza Affari does not move from the values ​​of the day beforein line with the main Euroland markets, which were left without Wall Street’s guide today, closed for the holiday. Day. Meanwhile, there is growing anticipation for the indications coming from the macroeconomic data scheduled for release during the week. The key event is expected at the end of the week, Friday 6 September, with the data on the American labor market, from which investors will try to understand the Fed’s next moves. Before that, attention will be captured by the PMI indices: while waiting to know the US ones tomorrow, the Eurozone manufacturing PMI confirmed signs of recession. The Chinese PMI was also disappointing, weighing down the Asian stock markets.

THE’Euro / US Dollar is substantially stable and stops at 1.107. The substantially stablegoldwhich continues the session at the levels of the day before at 2,500.8 dollars per ounce. Slight increase for oil (Light Sweet Crude Oil), which shows a rise of 0.49%.

Improve it spread (spread between the yield of the BTP and that of the German Bund), falling to +139 basis points, with the yield of the 10-year BTP positioned at 3.70%.

Among the European price lists cautious trend for Frankfurtwhich shows a performance of +0.13%, little moved Londonwhich shows a -0.15%, and a small step forward for Pariswhich shows a progress of 0.20%. Piazza Affari is substantially stable, closing the session at the levels of the previous day with the FTSE MIB which stops at 34,321 points, while, on the contrary, it moved downwards FTSE Italia All-Sharewhich lost 0.23%, closing at 36,503 points.

In the Milan Stock Exchange, the value of trades in the session of 02/09/2024 it was equal to 1.7 billion euros, down by 1,369 million euros, compared to 3.07 billion the day before; volumes stood at 0.32 billion shares, compared to the previous 0.51 billion.

At the top of the list of the most important titles of Milan, we find Tenaris (+1.44%), Hera (+1.15%), Pirelli (+0.62%) and Mediolanum Bank (+0.54%).

The strongest sales, however, hit Leonardowhich ended trading at -7.23%.

Slip DiaSorinwith a clear disadvantage of 2.88%.

In red Telecom Italiawhich shows a sharp decline of 1.71%.

It moves below parity ERGshowing a decrease of 1.47%.

At the top of the mid-cap rankings from Milan, Ariston Holding (+2.54%), IVS Group (+0.56%), Pharmanutra (+0.55%) and Buzzi (+0.51%).

The strongest sales, however, hit Juventuswhich ended trading at -15.05%.

Poor performance for Fincantieriwhich recorded a decrease of 5.90%.

Black session for Ferrettiwhich leaves a loss of 5.76% on the table.

The negative performance of stands out Carel Industrieswhich falls by 3.45%.

Among the macroeconomic quantities most important:

Monday 02/09/2024
02:30 Japan: Manufacturing PMI (expected 49.5 points; previous 49.5 points)
03:45 China: Caixin manufacturing PMI (expected 50; previous 49.8)
10:00 European Union: Manufacturing PMI (expected 45.6 points; previous 45.6 points)
10:00 Italy: GDP, annual (expected 0.9%; prev. 0.7%)
10:00 Italy: GDP, quarterly (expected 0.2%; prev. 0.3%).

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