(Alliance News) - The Mib is moving higher at the start of Wednesday's session, consolidating the gains made in the previous session. Market sentiment appears more positive than at the start of the month, helped by a temporary easing of pressure on bond markets.

Trading floors are awaiting a series of US macroeconomic data due this week, as well as the upcoming monetary policy decisions by the Federal Reserve and the Bank of Japan later this month.

The MIB thus opened up 0.4% at 43,554.78 points.

Among the smaller indices, the Mid-Cap advanced 0.4% to 58,509.45, the Small-Cap rose 0.4% to 35,999.08, and the Italia Growth was down 0.2% to 8,479.10 points.

Among other European markets, the FTSE 100 was the only one to fall slightly, down 0.1%, while the CAC 40 lost 0.1% and the DAX 40 rose 0.3%.

On the Milan Stock Exchange, Stellantis is up 6.8% to EUR9.75 per share after falling 1.0% the day before. The company is accelerating its relaunch in the US, which has once again become central to the group. As Milano Finanza reported on Wednesday, the Chrysler Tech Center in Auburn Hills is filling up again after years of remote working: around 2,000 new hires are being recruited in engineering, quality, product development, and production.

Leonardo, on the other hand, is up 1.9%, following yesterday's 0.6% gain.

Its subsidiary Saipem is also doing well, gaining 1.7% after Tuesday's bearish candle with 3.7%.

Among the bearish stocks - a minority on the index - Moncler is down 2.1% after gaining 0.5% in the previous session.

In the second tier, d'Amico is up 3.5% after two sessions that ended with bearish candles.

doValue, up 3.5%, announced on Wednesday a new strategic agreement with Banco Santander SA for the management of new NPL flows in Spain, effective from January 1, 2026. The agreement replaces the previous contract expiring in December this year and guarantees a stable and predictable flow of new mandates.

Safilo Group - up 0.5% - announced on Tuesday that it had continued its buyback program from November 24 to 28, purchasing 200,000 treasury shares at a weighted average price of EUR 1.852936 each, for a total value of EUR 370,587.24. To date, the company holds over 22.7 million ordinary shares, equal to 5.5% of the share capital.

NewPrinces, on the other hand, sold 0.7%. Following the acquisition completed on Monday, the company is aiming to integrate Carrefour Italia by 2028 and create a group with revenues of over EUR 8 billion by 2030. As Il Sole 24 Ore reported on Wednesday, the new player, second in Italy in food & beverage, will have EBITDA above EUR 550 million and a margin of over 7%, with positive liquidity, as shown by Carrefour Italia Finance's balance of EUR 435.7 million.

The plan includes rebranding - a possible return of the GS brand - a reduction in hypermarkets, investments in stores, and the direct purchase of real estate.

In the small cap sector, Centrale del Latte d'Italia is performing well, up 4.5% to EUR5.45 per share, a new 52-week high.

Pininfarina also traded well, with its price rising 3.7% to EUR0.83 after falling 2.0% the previous day.

BasicNet, up 0.1%, announced on Tuesday that between November 24 and December 1, it purchased 57,000 treasury shares on the market for a total of approximately EUR 396,000.

Gefran, on the other hand, fell 2.2% after three bullish sessions, with a price of EUR 11.30 per share.

Among SMEs, Growens is up 2.1%, following a 1.4% gain in the previous session.

Emma Villas - flat at EUR 1.57 - announced on Tuesday the booking figures recorded from January 1 to December 2 and for the 2025-2026 winter season. The number of weeks booked for the entire year exceeds 7,650, for a gross value of approximately EUR 36 million, up 1.5% from EUR 35.5 million in 2024. The average price per week rose to EUR 4,713 from EUR 4,550 in 2024. Emma Villas manages over 600 properties on an exclusive basis.

Omer - up 3.0% - announced on Wednesday that it had started operations to fulfill a new order from the Alstom group to supply fairings for Avelia Stream high-speed trains, which Alstom will supply to a leading Italian operator. The order involves the supply of fairings for 12 trains, with an option for a further 18 trains. Deliveries will begin in the fourth quarter of this year and will be completed by the end of 2027, with the bulk of the work taking place in 2026 and 2027.

Cofle, on the other hand, fell 3.9% after two bullish sessions, with a price of around EUR 3.00 per share.

In New York last night, the Dow Jones gained 0.4%, the Nasdaq closed up 0.6%, and the S&P 500 gained 0.3%.

Among Asian markets, the Nikkei rose 1.1%, the Hang Seng fell 1.3%, and the Shanghai Composite lost 0.5%.

On the currency front, the euro is trading at USD 1.1638 from USD 1.1606 at Tuesday's stock market close, while the pound is trading at USD 1.3238 from USD 1.3195 last night.

Among commodities, Brent crude traded at USD 62.80 per barrel from USD 63.28 per barrel at yesterday evening's close, while gold was worth USD 4,205.00 per ounce from USD 4,178.74 per ounce yesterday evening.

On Wednesday's economic calendar, at 1030 CET, the services and composite PMIs for Spain, Italy, France, Germany, the Eurozone, and the UK will be released.

The Eurozone producer price index is expected at 11:00 CET, while at 13:00 CET the focus will shift to US mortgages and, at 14:30 CET, to US import-export cost data.

Also at 2:30 p.m. CET, Christine Lagarde is scheduled to give a new speech, which she will repeat at 4:30 p.m. CET.

In between, at 4:00 p.m. CET, US labor market data will be released.

No significant announcements are expected from the Italian stock exchange.

By Maurizio Carta, Alliance News Reporter

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