Bullish markets; Mib starts again from 43,400

(Alliance News) - European stock markets are set to open higher on Wednesday, continuing their run towards new records.

Optimism about a possible end to the US government shutdown is supporting global sentiment, while signs of a weaker US labor market are fueling expectations of a rate cut by the Federal Reserve in December.

The Mib, after rising 1.2% to 44,438.88 last night, is up 180.00 points.

The CAC 40 in Paris is up 29.20 points, the DAX 40 in Frankfurt is up 128.20 points, while the FTSE 100 in London is down 5.30 points.

Last night, among the minor indices, the Mid-Cap rose 1.5% to 57,768.80, the Small-Cap gained 0.5% to 35,849.33, and the Italy Growth lost 0.2% to 8,500.55 points.

On the Milan Stock Exchange, Brunello Cucinelli led the basket with a bullish performance, improving by 5.3% to EUR91.96 per share from the previous day, followed by Stellantis at 4.3% and Recordati at 3.7%.

There were also good purchases on Banca Monte dei Paschi, which rose 3.0%. Siena is preparing statutory changes to reform governance and increase distributable profits, aiming for approximately EUR 2 billion per year in dividends from 2026. The plan, discussed by the board of directors and to be submitted to the European Central Bank by the end of November, envisages reducing the share of profits to be allocated to reserves to 5% - currently between 15% and 25% - so that 100% of net profits can be distributed. With estimated profits of EUR 1.6 billion and EUR 500 million in tax benefits, the bank aims to exceed EUR 2 billion in disbursements.

FinecoBank, up 1.0%, reported that net inflows reached EUR 1.3 billion in October, up 33% from EUR 979 million in October 2024. The figure since the beginning of the year reached EUR 10.7 billion.

Ferrari, with a buyback of EUR 18.0 million in Milan and USD 5.0 million on the NYSE, ended the day up 2.1%.

There were heavy sales on Inwit, which closed down 12% at EUR 8.33 per share, a new 52-week low.

On the Mid-Cap, there were purchases on Pharmanutra, which rose 14% to EUR 51.00 per share, in its third bullish session after the good nine-month results released on Monday.

Sesa acquired 60% of 4IT Solutions Sagl, a Swiss company specializing in IT and managed services. The agreement provides for put and call options mechanisms for the gradual achievement of total control of the capital. The stock benefited by 2.3%.

Italmobiliare - down 3.0% - closed the first nine months of 2025 with aggregate group revenues from industrial portfolio companies of EUR1.19 billion, up 12%, while EBITDA fell 21% to EUR115.2 million.

RCS MediaGroup - down 3.6% - closed the first nine months with a net profit of EUR 31.6 million, down from EUR 32.1 million at September 30, 2024.

NewPrinces - down 1.8% - approved its accounts for the nine months ended September 30, reporting net profit of EUR106.2 million, including income from business combinations.

Technoprobe - up 19% - announced on Monday that it closed the first nine months with consolidated revenues of EUR 466.6 million, up 21% from EUR 386.9 million as of September 30, 2024.

On the Small-Cap market, the board of directors of Centrale del Latte d'Italia - up 1.4% - approved the consolidated results for the first nine months of 2025, which closed with a net profit of EUR 8.7 million, up from EUR 8.3 million recorded on September 30, 2024.

B&C Speakers, down 2.0%, closed the first nine months of 2025 with a total group profit of EUR 8.6 million, down from EUR 15.7 million in the first nine months of 2024, when there was a one-off positive effect of EUR 4.0 million from the Patent Box.

Sabaf, which gained 1.5%, reported adjusted net profit of EUR 9.2 million for the first nine months of 2025, down from EUR 12.6 million in the first nine months of 2024.

IGD, down 0.3%, reported a net profit of EUR 17.6 million for the nine months, a significant improvement on the net loss of EUR 32.0 million recorded in the same period of 2024.

The best performer was OPS eCom, up 47% to EUR0.1155 per share.

Among SMEs, Alantra boosted ICOP after winning tenders for road works in Calabria, with the stock up 5.7%.

Next Geosolutions, up 3.3%, announced that it had been awarded a contract worth approximately EUR 8.5 million by Saipem - up 3.9% - for survey and installation support activities as part of the Bouri Gas Utilization Project (BGUP), one of the main offshore developments in North Africa.

Impianti, with purchases of over 31%, announced that it had been awarded a project worth approximately EUR 1.6 million for the construction of control rooms and video wall systems.

Valtecne, with revenues for the first nine months of 2025 of EUR 28.3 million compared to EUR 29.0 million for the first nine months of 2024, down 2.2%, closed flat at EUR 7.0.

Datrix strengthened its global growth trajectory with a new agreement signed by Bytek, the group's martech company, with Brands for Less Group, one of the leading off-price retailers in the Gulf and Southeast Asian markets. The stock gained 0.9%.

Predict, up 1.9%, announced on Tuesday that it had won a EUR110,000 tender for the supply and installation of three Aphel humanoid robots at the Corporea Museum in Città della Scienza in Naples.

Smart Capital approved a capital increase with options up to a maximum value of EUR 7.9 million.

Redelfi, after subscribing to the aucap for EUR 100,000, fell 4.2%.

In New York, during the European evening, the Dow Jones gained 1.2%, the Nasdaq lost 0.2%, while the S&P 500 gained 0.2%.

In Asia, the Hang Seng is up 0.9%, the Shanghai Composite is down 0.1%, and the Nikkei closed up 0.4%.

On the currency front, the euro is trading at USD 1.1586 from USD 1.1592 at Tuesday's stock market close, while the pound is trading at USD 1.3146 from USD 1.3169 on Tuesday evening.

Among commodities, Brent crude is trading at USD 64.90 per barrel, down from USD 65.15 per barrel at Tuesday evening's close, while gold is trading at USD 4,122.25 per ounce, up from USD 4,105.82 per ounce last night.

On Wednesday's economic calendar, Italian industrial production data will be released at 1000 CET.

The OPEC report is scheduled for 1100 CET and ECB's De Guindos is expected to speak at 1240 CET. Focus on US mortgages from 1300 CET, while at 1800 CET the EIA's short-term energy forecasts are due.

Numerous nine-month results are expected on the Italian stock exchange.

By Maurizio Carta, Alliance News Reporter

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