(Alliance News) - On Friday, the Mib closed higher, surpassing 40,000 points after a week marked by strong volatility. The markets' attention remained focused on the ongoing legal dispute over the so-called "Liberation Day" tariffs introduced by President Donald Trump, following a federal appeals court decision granting Trump a temporary stay of a ruling that threatened to overturn much of his trade policy.
Among the day's macro data, the US core PCE price index - the indicator chosen by the Federal Reserve - rose 0.1% from the previous month in April. The data was released on Friday by the US Bureau of Labor Statistics. The figure was in line with market expectations.
On an annual basis, the index rose 2.5%, slowing from 2.7% in March, marking the smallest increase since March 2021.
The FTSE Mib therefore closed up 0.3% at 40,087.40 points.
The FTSE 100 in London advanced 0.6%, the CAC 40 in Paris fell 0.4%, while the DAX 40 in Frankfurt advanced 0.3%.
Among the smaller indices, the Mid-Cap closed up 0.1% at 54,512.54, the Small-Cap rose 0.2% to 31,796.00, while the Italia Growth gained 0.4% to 8,113.16.
On the Mib, Snam - up 0.7% - announced that it had successfully completed the accelerated bookbuilding of 83.3 million option rights reserved as part of Italgas' capital increase, which closed as the best performer on the index, up 2.6%. The rights were sold at EUR0.396 each, for a total value of EUR32.5 million and a discount of 1.9% compared to their theoretical value.
Recordati advanced by 2.2%, after falling by 0.3% the previous day. It should be noted that AQR Capital Management reduced its short position on the stock to 0.5% from 0.49% previously.
A2A rose 1.3% after Thursday's 0.6% decline. During the week, Moody's upgraded its outlook to Positive from Stable, confirming A2A's long-term rating at 'Baa2'.
Amplifon also performed well, up 0.2%. Kintbury Capital reduced its short position on the stock to 0.57% from 0.61%.
Assicurazioni Generali, down 0.5%, announced on Thursday its return to the Insurance-Linked Securities market by sponsoring, through Lion Re DAC, the issuance of a EUR200 million catastrophe bond divided into two classes. The securities will cover storm events in Europe and earthquakes in Italy for a period of four years.
In the junior segment, ERG closed up 1.9% on its fourth bullish session, bringing the price to EUR18.60 per share.
The Italian Sea Group advanced 1.3% after two sessions of decline, with a price of around EUR 5.65 per share.
Alerion, the best performer on the list, gained 5.0% in its fourth session of decline.
Among the losers, TXT closed down 2.9%, bringing the price to EUR35.65.
Carel Industries also saw sales, falling 2.4% after a 1.9% gain in the previous session.
On the Small-Cap market, Softlab closed up 3.5% at EUR1.18, its third session as a gainer.
Safilo Group, up 0.8%, announced on Thursday the early renewal of its supply agreement with Kering Eyewear, extending the expiry date to 2029.
Zucchi is up 1.3%, recovering after three sessions of declines.
Valsoia, up 0.5%, announced on Thursday the launch of a share buyback program already approved by its shareholders. Under the program, which will enable the company to acquire shares to be used for stock option plans, no more than 200,000 ordinary shares may be purchased, for a maximum of EUR 2.5 million.
Digital Value closed down 4.0%. It should be noted that Citadel Advisors reduced its short position to 0.81% from 0.78% previously.
There were also sales on Aeffe, which brought the price back down 1.5% to EUR0.52 per share, in its fourth bearish session.
Among the negative notes, Aedes closed down 1.7%, after gaining 1.1% in the previous session.
Among SMEs, Cloudia Research advanced 16%, following a 3.3% gain the previous day.
ATON Green Storage advanced 7.0%, bringing its monthly gain to 30%.
H-Farm, down 5.1%, reported that it closed the first half of the year with a net loss that widened year-on-year to EUR 5.2 million from EUR 4.2 million. Production value rose to EUR 20.9 million from EUR 19.1 million, with operating costs increasing to EUR 23.1 million from EUR 21.1 million.
In New York, the Dow is trading just below parity, the Nasdaq is down 0.3%, while the S&P 500 is down 0.1%.
Among currencies, the euro is trading at USD 1.1351 from USD 1.1366 on Thursday evening, while the pound is trading at USD 1.3476 from USD 1.3487 yesterday evening.
Among commodities, Brent crude is trading at USD 62.48 per barrel from USD 63.38 per barrel on Thursday evening, while gold is worth USD 3,287.32 per ounce from USD 3,342.61 per ounce yesterday evening.
Monday's macroeconomic calendar includes the UK house price index at 0800 CEST, while at 0945 CEST Italy's manufacturing PMI will be released, followed by Germany at 0955 CEST and the Eurozone at 1000 CEST.
From the US, the manufacturing PMI will be released at 1545 CEST, while Fed Chairman Powell will give a speech at 1900 CEST.
There are no events scheduled in the corporate calendar.
By Maurizio Carta, Alliance News senior reporter
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