European markets are expected to rise

(Alliance News) - On Friday, the futures market is predicting upward trading on the main European markets.

In Germany, inflation remained stable at 2.3% in November, identical to the level recorded in October and slightly higher than the 2.4% increase observed in September.

The MIB is expected to grow by 0.3% and 110 points, the CAC 40 is expected to rise by 0.3% and 25.4 points, while forecasts for the DAX are bullish, up 0.5% and 127.5, with the FTSE 100 up 0.5% and 46.6 points.

On Thursday, the MIB closed up 0.5% at 43,702.01 points, the Mid-Cap up 0.1% at 58,391.77, the Small-Cap up 0.2% at 36,200.31, and the Italia Growth up 0.1% at 8,427.71 points.

Other European markets were also positive yesterday: the CAC 40 rose 0.8%, the DAX 40 rose 0.6%, and the FTSE 100 rose 0.5%.

On the Milan Stock Exchange, Brunello Cucinelli took the top spot with purchases of 2.9% at EUR96.00 per share. Equita upgraded Cucinelli today after its year-end meeting, with the rating becoming 'buy' and revenue forecasts up 10% in the fourth quarter. Mediobanca also recommends the stock, while reputational issues in Russia appear to have been resolved.

The Bangladesh Air Force signed a letter of intent with Leonardo - down 2.1% - for the possible purchase of the Eurofighter Typhoon as part of its fleet modernization plan. In addition, the company signed a partnership with Telespazio to develop interoperable infrastructure and provide communication and navigation services for lunar exploration.

Snam - down 1.2% - has reached an agreement with Igneo Infrastructure Partners to acquire 48.2% of OLT – Offshore LNG Toscana, thus gaining full control of the company for EUR126 million.

Stellantis announced investments of EUR 2 billion in its Italian plants, while highlighting the Italian government's supportive role in the future of the national industry. The stock fell 1.5%.

UniCredit, with a daily gain of 2.4%, and Cassa Depositi e Prestiti created the first Italian minibond fully tokenized on a public blockchain for E4 Computer Engineering, in accordance with the FinTech Decree.

The issue, worth EUR 5 million and 50% guaranteed by SACE, was subscribed in equal parts by UniCredit and CDP.

Eni, down 0.7%, approved the possible issuance of one or more hybrid subordinated bonds for a total value of up to EUR1 billion.

STMicroelectronics, down 1.2%, obtained EUR 500 million in financing from the European Investment Bank, the first tranche of a EUR 1 billion credit line recently approved to strengthen Europe's competitiveness and strategic autonomy.

On the Mid-Cap, Fincantieri, through its subsidiary Fincantieri Infrastructure Opere Marittime, signed a collaboration agreement with WSense for projects to develop advanced monitoring and early warning systems, which are essential for increasing safety, predictability, and control in port activities such as dredging, breakwaters, and defense works. The stock closed up 0.3%.

Salvatore Ferragamo rose 1.1%. Last week, Deutsche Bank predicted "converging growth" in 2026 for all the big players in the sector worldwide, with a delta of only 5 percentage points between the most successful and least successful companies. Luxury goods would remain impervious to a certain slowdown in consumption.

There were significant purchases on doValue, up 8.1% to EUR2.896 per share. Alerion closed down 4.2% at EUR17.56 per share.

In the small-cap sector, Piquadro received confirmation from Standard Ethics of its Corporate Standard Ethics Rating of 'EE-' with a 'positive' outlook. The stock closed up 0.9%.

Netweek - down 2.9% - closed the first half with a consolidated net loss of EUR 3.3 million, worsening compared to the loss of EUR 2.1 million in the same period of 2024.

The board of directors of Pininfarina - flat at EUR0.824 per share - co-opted Paolo Dellachà, previously CEO of Automobili Pininfarina GmbH, as a new member of the board until the next shareholders' meeting and simultaneously appointed him CEO and general manager, with immediate effect.

Beewize rose by double digits, up 21% to EUR0.3020 per share.

Among SMEs, Innovatec signed a sale and purchase agreement, for a total value of EUR 5.0 million, for the remaining 49% stake in the share capital of its subsidiary Innovatec Energy, held by its main shareholder, Sostenya Group. The stock closed down 2.1%.

SolidWorld Group completed the integration of Solid Innovation Srl's activities into the parent company. The shares gained 7.0%.

Giglio - up 3.3% - recorded a 12% increase in Gross Merchandising Value compared to 2024, exceeding EUR 10.5 million, marking an improvement despite the unfavorable context linked to the strength of the Euro and US tariffs.

Mare Engineering Group - up 1.0% - announced an increase in the total takeover bid price for Eles, up 1.1%, bringing it to EUR 2.65 from EUR 2.61 per share, an increase of EUR 0.04 or 1.5%.

In New York, the Dow Jones gained 1.4% to 48,704.01, the Nasdaq lost 0.3% to 23,593.86, while the S&P 500 rose 0.2% to 6,901.00 points.

On the currency front, the euro is trading at USD1.1738 from USD1.1747 at Thursday's stock market close, while the pound is trading at USD1.338 from USD1.3419 last night.

Among commodities, Brent crude traded at USD 61.62 per barrel, up from USD 60.88 per barrel at yesterday evening's close, while gold was worth USD 4,286.46 per ounce, up from USD 4,256.54 per ounce yesterday evening.

In Friday's economic calendar, the EcoFin meeting is scheduled for 1100 CET, while US commodity data will be released at 2130 CET.

On the Italian stock market, H-Farm's results are expected.

By Michele Cirulli, Alliance News Reporter

Comments and questions to [e-mail]

Copyright 2025 Alliance News IS Italian Service Ltd. All rights reserved.