Home » Piazza Affari within the crimson (-1.1%) with the banks and Saipem

Piazza Affari within the crimson (-1.1%) with the banks and Saipem

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Piazza Affari within the crimson (-1.1%) with the banks and Saipem

European inventory markets closed decrease, with traders reluctant to take dangerous positions forward of Thursday’s assembly of the ECB, which is predicted to chop charges for the primary time this yr. On Piazza Affari, the Ftse Mib ended down 1.1% at 34,276 factors, with Saipem (-4.3%) held again by crude oil. Banking firms Unicredit (-4.2%), Mps (-3.5%) and Bper (-3.2%) additionally carried out badly. Brunello Cucinelli (+2.3%), STM (+1.9%), and Terna (+%) advance after the settlement with Geely Auto Group for the provision of silicon carbide (SiC).

During the day, Jolts information for April on job affords within the US had been launched, which fell to their lowest stage since 2021. All this within the aftermath of the ISM manufacturing index which highlighted a weakening of exercise. These indicators have partially reinvigorated bets on fee cuts by the Fed, awaiting Friday’s labor market report.

Yields on the bond market fell consequently, with the 10-year Treasury falling by 4 foundation factors, to 4.35%. The BTP-Bund unfold stands at 132 foundation factors, with the Italian 10-year bond reducing to three.86% and the Bund to 2.54%.

Among uncooked supplies, gold drops once more to 2,325 {dollars} an oz.. Oil costs are nonetheless falling, with Brent at 77.5 {dollars} a barrel, within the wake of OPEC+ plans which increase doubts a couple of attainable extra provide.

Finally, on Forex, the euro/greenback alternate fee depreciated barely to 1.088 and the greenback/yen fell to 155.

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