(Telestock) – European stock markets close sharply lower in the last session of the weekaround the lows of the day, with only the Spanish index positioning itself close to parity supported by purchases in the banking sector. The sales in the stock market came in the aftermath of a euphoric session (American index S&P 500 at new highs), thanks to the 50 basis point rate cut by the Fed. Most of the Old Continent’s stock markets closed the week on the rise.
Today, the sectors that are having the greatest impact 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 situation is substantially stable.Euro / US Dollarwhich continues the session at the levels of the day before and stops at 1.116. Positive session for thegoldwhich is bringing home a gain of 1.34%. Petrolium (Light Sweet Crude Oil) fell 0.41% to $70.87 per barrel.
The Spread takes a small step downwards, with a 1.52% drop to +130 basis points, while the 10-year BTP yield stands at 3.50%.
Among the markets of the Old Continent under pressure Frankfurtwhich is dropping by 1.49%, is slipping Londonwith a clear disadvantage of 1.19%, and full-handed sales on Pariswhich suffers a decrease of 1.51%.
Negative session for Business Squarewith the FTSE MIB which leaves 0.83% on the floor; along the same lines, the FTSE Italia All-Share lost 0.89%, ending the session at 35,883 points. The FTSE Italia Mid Cap (-1.61%); as well as a sharp decline in FTSE Italia Star (-1.71%).
The value of trades in the session of 09/20/2024 at Piazza Affari it was equal to 4.69 billion euros, with an increase of 1,672.9 million euros, equal to 55.48%, compared to the previous 3.02 billion; while the volumes traded went from 0.73 billion shares in the previous session to 1.06 billion.
Among the best italian stocks large cap, Italgas advances by 1.41%. It moves in modest upward direction Ternashowing an increase of 1.36%. Positive balance for Herawhich boasts a progress of 1.08%. Substantially toned Intesa San Paolowhich recorded a capital gain of 0.60%.
The strongest drops, however, occurred on Ivecowhich closed the session at -6.41%. Poor performance for Telecom Italiawhich recorded a decline of 5.92%. Black session for Brunello Cucinelliwhich leaves a loss of 5.19% on the table. In loss Monclerwhich falls by 5.18%.
Among the protagonists of the FTSE MidCap, Acea (+2.21%), Ascopiave (+1.58%) and Mondadori (+0.61%).
The worst performances, however, were recorded on Ferragamowhich closed at -6.18%. Heavy Ariston Holdingwhich marks a drop of -5.67 percentage points. Negative session for MFE Awhich falls by 5.27%. Significant losses for MFE Bdown 5.27%.