(Telestock) – European stock markets move in the red, worsening during the afternoon. Milan is among the worst, weighed down by banks and the collapse of Amplifierwith several analysts cutting estimates on the hearing solutions leader due to weakness in the European market.
On the political front, after the Labour’s victory in Britain is a foregone conclusioninvestors’ attention is shifting to the second round of the French legislative elections scheduled for Sunday, where polls rule out an absolute majority for the far-right Marine Le Pen.
As regards macroeconomic data, both in France that in Germany we witnessed a collapse of industrial production in May (-2.1% m/m and -2.5% m/m respectively), while the decline was only marginal in Spain.
Across the ocean, it emerged this afternoon that the US pay stubs in May I am increased more than expectedof 206 thousand units (expected 191 thousand) thanks to the public sector, while in the private sector the data were lower than expected (136 thousand instead of 160) and, above all, the downward revision of the previous two months is large, which reduce the increase in paychecks by 111 thousand. In addition, the unemployment rate rose to 4.1%, against expectations and the previous 4%.
No significant changes for theEuro / US Dollarwhich is trading at the same levels as yesterday at 1.082. TheGold continues trading at 2,380.9 dollars per ounce, with an increase of 1.04%. The oil market is substantially stable, continuing the session at the levels of the previous day with the petrolium (Light Sweet Crude Oil) which is trading at $83.91 per barrel.
The Spread takes a small step downwards, with a drop of 1.41% to +140 basis points, while the 10-year BTP yield stands at 3.95%.
Among the main European stock exchanges Frankfurt is stable, reporting a moderate -0.08%, a small loss for Londonwhich trades at -0.63%, and is hesitating Pariswhich gives up 0.51%.
Weak session for the Milan price listwhich is trading down 0.67% on the FTSE MIB; along the same lines, slightly decreasing FTSE Italia All-Sharewhich continues the day below par at 36,110 points. Without direction the FTSE Italia Mid Cap (0%); with the same direction, almost unchanged FTSE Italia Star (-0.18%).
Among the best Blue Chips of Piazza Affari, well set up STMicroelectronicswhich shows an increase of 1.90%. Small steps forward for Finecowhich marks a marginal increase of 1.26%. Moderately positive day for Campariwhich rises by a fractional +0.96%.
The strongest drops, however, occur on Amplifierwhich continues the session with -5.38%. In red Telecom Italiawhich shows a sharp decline of 2.74%. The negative performance of stands out MPS Bankwhich falls by 2.13%. Sondrio People’s Bank drops by 1.94%.
Between Best FTSE MidCap Stocks, GVS (+2.71%), Juventus (+2.63%), El.En (+2.11%) and Carel Industries (+1.87%).
The strongest drops, however, occur on Fincantieriwhich continues the session with -2.55%. Sharp drop for From Friendwhich marks a -1.72%. Under pressure Digital Valuewith a sharp decline of 1.67%. It is suffering The Italian Sea Groupwhich shows a loss of 1.52%.