European stock markets in the red, Milan weighed down by Stellantis collapse

(Teleborsa) – Negative session for European stock marketswith only the London price list going against the trend and closing on parity, in one day full of macro data and while waiting for tomorrow’s decisions from the Federal Reserve. In any case, European markets will remain closed tomorrow for Labor Day. Particularly the Spanish Ibex index badlyweighed down by profit-taking on banking stocks (with BBVA which has returned to evaluating an acquisition of its rival Sabadell), And heavy decline also for Piazza Affariballasted by the collapse of Stellantis (which is affected by the cautious margin forecasts for the first half of the year).

On the macroeconomic front, in April eurozone inflation showed, as expected, a stable value at +2.4% y/y (+0.6% m/m from +0.8% in March) which represents a minimum since July 2021. Furthermore, after two quarters consecutive periods of negative economic growth (-0.1% q/q each), the eurozone economy grew above forecasts of +0.3% q/q in 1Q 2024, with Germany avoiding a recession thanks to an unexpected rebound in GDP and France accelerating, even if the driving force came from the Mediterranean regions of Italy and Spain.

Session in fractional decline for theEuro / US Dollar, which leaves, for now, 0.33% on the floor. It suffered from several sales thegold, which continues trading at 2,296 dollars an ounce. The Petrolium (Light Sweet Crude Oil) lost 0.78% and continues to trade at 82.07 dollars per barrel.

On equality, yes spreadwhich remains at +131 basis points, with the yield of the ten-year BTP which stands at 3.87%.

Among the markets of the Old Continent Frankfurt drops by 1.03%, firm Londonwhich marks almost nothing, and a sharp decline for Pariswhich marks -0.99%.

Session to forget for the Italian stock exchangewith the FTSE MIB which leaves 1.60% on the ground; along the same lines, the FTSE Italia All-Share, which closed the session at 35,940 points. Down the FTSE Italia Mid Cap (-0.78%); with the same direction, in red the FTSE Italia Star (-0.8%).

According to Piazza Affari, the exchange value in the latest it was equal to 2.89 billion euros, with an increase of 460.3 million euros, equal to 18.95% compared to the previous 2.43 billion; while the volumes traded went from 0.58 billion shares in the previous session to 0.58 billion shares on 04/30/2024.

Between best performers of Milan, highlighted Fineco (+1.65%), BPER (+1.52%), Record yourself (+1.27%) e MPS Bank (+1.25%).

The worst performances, however, were recorded on Stellantis, which closed at -10.10%. Under pressure Iveco, with a sharp decline of 3.16%. He suffers Saipem, which highlights a loss of 2.26%. Prey for sellers Leonardowith a decrease of 2.08%.

Between best stocks in the FTSE MidCap, Lottomatica (+3.03%), Digital Value (+1.39%), D’Amico (+1.20%) e SOL (+1.12%).

The steepest declines, however, occurred on Alerion Clean Power, which closed the session at -4.06%. They focus on sales El.En, which suffers a drop of 3.27%. Sales up Ariston Holding, which recorded a decline of 3.24%. Negative session for MFE Bwhich shows a loss of 3.03%.

(Teleborsa) 30-04-2024 17:47