European markets positive, Mib above 44,000 points

(Alliance News) - On Friday, the Mib opened trading higher, in line with other European markets.

On the macro front, inflation in Germany remained stable at 2.3% in November, while in the US, markets absorbed the Fed's short- and medium-term indications and Oracle's bearish performance.

The Mib is up 0.8% at 44,027.67 points, the Mid-Cap gains 0.8% at 58,849.05, the Small-Cap gains 0.4% at 36,325.61, and Italy Growth is up 0.1% at 8,438.80 points.

The CAC 40 gained 0.5%, while the DAX 40 and FTSE 100 gained 0.6%.

On the Italian stock exchange, less than a year after the framework agreement, Generali - up 0.1% - decided to abandon its planned partnership with Natixis in asset management.

Poste Italiane, which is up 0.4%, completed the acquisition of the remaining stake held by Vivendi SE in Telecom Italia, which gained 1.9%. The transaction involves 384.1 million ordinary shares, representing 2.5% of the ordinary share capital and 1.8% of the total share capital of TIM.

The total consideration amounts to EUR 187 million and, following the purchase, Poste Italiane's stake in TIM will increase from 24.8% to 27.3% of ordinary shares, equal to 19.6% of the total share capital.

The conclusion of the European Central Bank's investigation, conducted together with Bankitalia and other national central banks, into Credit Agricole's request to exceed 20% in Banco BPM, up 0.6%, has been postponed until mid-January, with a possible green light up to 29.9% that would open up new scenarios in Italian banking consolidation.

Good purchases for 2.3% on Lottomatica, while Campari fell by 0.6%.

On the Mid-Cap, MFE-MediaForEurope is preparing an integration and turnaround plan for Prosiebensat with the stated aim of not intervening on employment, a decision described as courageous, while in Germany, Rtl Group has just announced 600 redundancies. Class A shares are flat at EUR2.956 per share, while Class B shares are up 0.1%.

Danieli & C announced that Steel Authority of India Limited, India's largest public steel producer under the aegis of the Indian Ministry of Steel, has chosen the company as its partner to supply the main technological equipment for the new integrated steel plant at the IISCO Steel Plant in Burnpur, West Bengal. The EUR 500 million order attracted purchases of the stock for 4.2%.

Banca Ifis, up 1.0%, announced that it has appointed Riccardo Preve and Moroelllo Diaz della Vittoria Pallavicini as new members of the board of directors. The two new directors will replace Giovanni Meruzzi and Monica Regazzi, who have resigned.

In the small-cap sector, large international funds are calling for a restructuring of Edison based on the preferred equity model, with special shares offering governance rights and preferential returns, a formula already successfully adopted by Eni for Plenitude and Enilive and by F2i for Sorgenia.

Aeffe will not be able to provide further data as of September 30 beyond those released on November 11. The company and its subsidiary Pollini Spa have recently entered into a negotiated settlement procedure for the crisis, and the 2025-2029 industrial recovery plan is still being developed. The stock is down 0.4%.

Piquadro, which was not traded, received confirmation from Standard Ethics of its Corporate Standard Ethics Rating of 'EE-' with a 'positive' outlook. The rating agency, which is active internationally in sustainable finance and ESG profiling, recognized the group's progress in addressing key risk factors, from supply chain to health and safety to environmental issues.

Dexelance saw heavy selling, falling 8.1% to EUR 4.89 per share.

Among SMEs, eVISO reported a sharp increase in reseller channel volumes in December, with a significant improvement over the previous month.

Gas volumes rose by 76% to 40 GWh from 23 GWh in November, while power volumes grew by 3% to 789 GWh from 767 GWh previously. The stock gained 3.2%.

Innovatec, which fell 0.7%, 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.

In addition, a shareholder loan of approximately EUR 3.9 million was signed by Sostenya Group in favor of Innovatec.

Giglio.com, which was not affected by trading, announced its shopping season results on Thursday, indicating a strong recovery in luxury and fashion consumption between November 1 and December 5. The company recorded a 12% increase in Gross Merchandising Value compared to 2024, exceeding EUR 10.5 million, and marking an improvement despite the unfavorable context linked to the strength of the Euro and US tariffs.

Ecosuntek saw good buying at 7.0% to EUR2.46 per share.

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.

In Asia, the Nikkei closed up 1.4%, the Shanghai Composite gained 0.4%, and the Hang Seng ended up 1.8%.

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 is trading at USD 61.621 per barrel, up from USD 60.88 per barrel at yesterday evening's close, while gold is trading at USD 4,296.35 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

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