Weak session for European stock markets, focus on politics and macro data

European markets little moved while waiting for the central banks

(Telestock) – Negative day for Piazza Affari and other main European stock exchanges. 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%.

The situation is substantially stable.Euro / US Dollarwhich continues the session at the levels of the day before and stops at 1.083. TheGold continues the session on the rise and advances to 2,384.6 dollars per ounce. Slightly higher session for the petrolium (Light Sweet Crude Oil), which advances to 84.3 dollars per barrel.

Come back down spreadsettling at +139 basis points, with a decrease of 3 basis points, while the 10-year BTP yield stands at 3.93%.

Among the European price lists little moved Frankfurtwhich shows a +0.13%, a small loss for Londonwhich trades at -0.45%, and is hesitating Pariswhich gives up 0.26%.

Closed in fractional decline for Business Squarewith the FTSE MIB which leaves 0.35% on the floor; on the same line, depressed in the final FTSE Italia All-Sharewhich closed below the levels of the day before at 36,226 points. Fractional gains for the FTSE Italia Mid Cap (+0.48%); without direction the FTSE Italia Star (+0.05%).

At Piazza Affari it appears that the value of trades in the last one it was equal to 2 billion euros, with an increase of 383.4 million euros, equal to 23.74% compared to the previous 1.61 billion; while the traded volumes went from 0.35 billion shares in the previous session to 0.44 billion shares on 05/07/2024.

Among the best Blue Chips of Piazza Affari, a decidedly positive balance for STMicroelectronicswhich boasts a progress of 2.22%. It moves in modest upwards Finecoshowing an increase of 1.30%. Positive balance for Campariwhich boasts a 1.28% progress. Substantially toned Snamwhich recorded a capital gain of 0.94%.

The strongest drops, however, occurred on Amplifierwhich closed the session at -6.49%. The negative performance of stands out Telecom Italiawhich falls by 3.08%. MPS Bank falls by 1.93%. Sharp drop for Ivecowhich marks a -1.9%.

Between Best FTSE MidCap Stocks, Juventus (+4.81%), GVS (+3.62%), El.En (+3.33%) and Carel Industries (+2.92%).

The strongest sales, however, hit Fincantieriwhich ended trading at -2.94%. Under pressure From Friendwith a sharp decline of 2.51%. Substantially weak De Nora Industrieswhich recorded a decline of 1.47%. It moves below parity Philogenshowing a decrease of 1.44%.

tlb-finance