2024-07-25 22:41:26
(ANSA) – MILAN, JULY 25 – European stock markets worsened at the end of the morning under a shower of sales triggered by the disappointing quarterly results of names such as St (-13.6%) and Stellantis (-7.8%) which sank Milan (-2.5%). St itself and, in fashion, Kering (-7.5%) brought down Paris (-1.9%), where Renault fell (-8.2%) in a bad session for car manufacturers and semiconductors which in turn also suffered from the lower demand for chips for cars. Frankfurt recorded more contained losses (-1.3%) where however, in line with St, Infineon fell 5.8%. London, where Vodafone is down limited to 1.6% after the results, lost 0.87% and Zurich 1.1%: here the accounts penalised Nestlé (-4%). The correction underway on the markets accelerated yesterday, when in the US the S&P500 lost 2.3% (an event that had not occurred in 356 days) and the Nasdaq 3.6% after a long rally. The selling was triggered by the quarterly results of Tesla and Google-Alphabet, which also cast doubt on the prospects of AI and the investments required. In the meantime, futures on Wall Street are mixed and the German Ifo index, falling and worse than estimates, is not helping to improve the climate on the European stock markets, while the US GDP for the second quarter is expected in the afternoon. (ANSA).
2024-07-25 22:41:26