(Telestock) – European stocks in the red in the last session of the weekwith only the Spanish index trading at parity, supported by purchases in the banking sector. The declines come on the day after a euphoric session (American index S&P 500 at new highs), thanks to the rate cut by the Fed.
The sectors weighing on the European stock markets are: Automotive (which is affected by the thud of Mercedes-Benz after the downward revision of the year-end targets due to a less favourable than expected macro context and the weakening of Chinese demand) and Luxury (Jefferies said in a report on the sector that it does not see any appreciable improvements in the second half of the year after a fragile demand in the first half).
THE’Euro / US Dollar maintains a substantially stable position at 1.115. Plus sign for thegoldwhich shows an increase of 1.09%. Sales on the petrolium (Light Sweet Crude Oil), which continues the day at 70.78 dollars per barrel, a sharp decline of 0.54%.
On equality it spreadwhich remains at +131 basis points, with the 10-year BTP yield which is positioned at 3.50%.
Among the European price lists suffers Frankfurtwhich shows a loss of 1.31%, prey of sellers Londonwith a decrease of 1.10%, and sales are concentrated on Pariswhich suffered a 1.29% decline.
“No” day for the Italian Stock Exchangedown 0.72% on FTSE MIB; along the same lines, the FTSE Italia All-Share loses 0.78%, continuing the session at 35,926 points. Down the FTSE Italia Mid Cap (-1.47%); along the same lines, negative FTSE Italia Star (-1.35%).
Among the best performers from Milan, in evidence Italgas (+1.22%), Hera (+1.20%), Terna (+0.94%) and Intesa San Paolo (+0.54%).
The strongest sales, however, are seen on Ivecowhich continues trading at -5.82%. Letter on Telecom Italiawhich recorded a significant drop of 4.98%. It falls Monclerwith a decline of 4.84%. It collapses STMicroelectronicswith a decrease of 4.74%.
Among the Best FTSE MidCap Stocks, Acea (+2.15%), Ascopiave (+1.94%) and OVS (+0.85%).
The strongest sales, however, are seen on MFE Bwhich continues trading at -6.59%. Heavy sales on De’Longhiwhich suffers a decrease of 4.94%. Poor performance for MFE Awhich recorded a decline of 4.90%. Black session for Ariston Holdingwhich leaves a loss of 4.64% on the table.