Piazza Affari moves with indexes up, in their fifth consecutive positive session, as managers grapple with classic year-end stock portfolio adjustments.

On Wall Street, index futures point to a positive start for U.S. stock markets in the afternoon after the S&P 500 touched a new all-time high yesterday.

At the macro level in the eurozone, the focus will be all on the November services and composite Pmi after data showed the alarming deepening of the manufacturing contraction.

In the U.S., pending Friday's nonfarm payrolls data, the Adp private sector employment statistic will be released today, which, according to the consensus, is expected to show an increase of 150,000 jobs in November compared to more than 230,000 in the previous month. Jolts data yesterday showed an increase in job openings in October and, at the same time, a decrease in layoffs.

In Milan, around 12:50 p.m., the Ftse Mib is up 0.90 percent. Volumes of about 1.1 billion euros.

Stocks in focus today

Strong buying on Campari with a 3.6 percent jump after the appointment of new CEO Simon Hunt starting next January 15 who will fill the role left by Matteo Fantacchiotti last September 18. According to one trader, Hunt's name is what the market expected. For Equita, "an element of uncertainty in the equity story is resolved."

Money also on Stellantis at +2% with the stock having a flare-up at the start on press rumors pointing to Luca Maestri as the new CEO, replacing Carlos Tavares; a name that was denied by a spokesman for the automotive group. Banca Akros writes that Maestri's name joins others and is "a strong name." "It has to be seen if he will want to make such a commitment," the broker adds.

Always well rallied banks with big Intesa Sanpaolo and UniCredit up 1.45 percent and 0.9 percent, respectively. The rally of Pop Sondrio, which jumps another 2.5 percent, also did not stop today. Banco Bpm, subject to Ops by UniCredit, up +1.1% after touching a new high since late January 2026 at 7.42 euros. Also strong was Banca Mps with a rise of nearly 3% with the stock touching new highs since mid-September 2022. Last night it emerged that Francesco Gaetano Caltagirone rose above 5 percent of the capital. The entrepreneur had entered the bank's capital with a stake of about 3.6 percent at the last Mef placement on November 13.

Purchases also on the oil sector with Saipem at +2.6% and Eni at +0.9%.

Maire runs +5.3% after it was awarded a new early engineering contract for a plant in Nebraska in the United States.

Finally, weak Ariston which retreats 0.11% after Barclays cut its target price to 3.81 euros from 5 and rating to "equal-weight" from "overweight."

(Giancarlo Navach, editing Gianluca Semeraro)