Milan is weakin the wake of the other Eurozone stock exchanges.
A Piazza Business still great attention on banking sectorwith Monte dei Paschi di Siena and Banco BPM recording the best performances. Unicredit, the third protagonist of banking risk these days, is slightly down.
However, caution prevails on European markets. The fear of new duties gives you United States European investors are holding back, struggling with assessments of the impact that the Trump administration will have on trade between the two economic areas.
There are also few certainties on the interest rate front after that Isabel Schnabelmember of the Executive Committee of the ECB, has cooled the hypothesis of a decisive intervention by Frankfurt to support the European economy. Schnabel preached caution on monetary policy, warning that “inflation could continue to fluctuate” and arguing in favor of a gradual approach to cutting rates.
Slightly higher session for the Euro / US Dollar, which advances to 1.052. Plus sign for gold, which shows an increase of 0.78%. Oil (Light Sweet Crude Oil) is essentially stable at $69.04 per barrel.
The spread falls again, reaching +119 basis points, with a drop of 6 basis points, while the yield on the 10-year BTP stands at 3.42%.
Among the main European stock exchanges Frankfurt hesitates, with a modest decline of 0.37%, a cautious trend for London, which shows a performance of +0.1%, and Paris is under pressure, with a sharp decline of 0.96%.
Negative session for Piazza Affari, with the FTSE MIB leaving 0.71% on the floor: the main index of the Milan Stock Exchange thus continues a negative series, which began last Monday, of three consecutive drops; along the same lines, the FTSE Italia All-Share dropped slightly, continuing the day below parity at 35,091 points.
The FTSE Italia Mid Cap showed a fractional decline (-0.26%); the FTSE Italia Star (+0.04%) is on the previous day’s levels.
Among the best Blue Chips of Piazza Affari, Banca MPS moves in positive territory, showing an increase of 1.99%.
Small step forward for Saipem, which shows progress of 0.96%.
Composed by Pirelli, which grows by a modest +0.89%.
Modest performance for Fineco, which shows a moderate increase of 0.78%.
The strongest sales, however, are seen on Generali Assicurazioni, which continues trading at -2.82%.
STMicroelectronics suffers, showing a loss of 2.35%.
Prey of Iveco sellers, with a decrease of 2.15%.
Sales are concentrated on Stellantis, which suffers a decline of 2.00%.
At the top of the mid-cap stocks ranking of Milan, Digital Value (+16.60%), Ariston Holding (+2.41%), Carel Industries (+1.60%) and GVS (+1.57%).
The strongest sales, however, are seen on Ferretti, which continues trading at -3.17%.
Sales on Ferragamo, which recorded a decline of 2.15%.
Negative session for Buzzi, showing a loss of 1.91%.
Cementir is under pressure, suffering a decline of 1.61%.
