(Alliance News) - European stock markets on Friday positioned themselves with an upward opening - confirming the trend seen in pre-open trades - extending the global rally thanks to the fact that the Federal Reserve eased fears of another interest rate hike, hinting that, albeit without a certain timing, the next move on the cost of money will be bearish. It is precisely from the States that important reports on the labor market are expected, which could provide new clues on the next moves-or non-moves-by Eccles Building.

Thus, the FTSE Mib is marking a 0.1 percent gain at 33,768.33.

In Europe, Paris' CAC 40 is advancing 0.2 percent, London's FTSE 100 is marking a 0.3 percent gain, and Frankfurt's DAX 40 is advancing 0.2 percent.

Among the smaller listings, the Mid-Cap is advancing 0.3 percent to 47,399.13, the Small-Cap is marking plus 0.4 percent to 29,002.77, while Italy Growth is giving up 0.1 percent to 8,221.33.

On the Mib, boost on Brunello Cucinelli, which advances 1.5%, rearing its head after three bearish sessions.

Strength also on Telecom Italia, which scores a plus 1.3%, turning upward after two sessions with bearish candle.

For Interpump, on the other hand, the gain is 0.9%, with new price in the EUR40.70 area, leaving behind two bearish sessions.

Among the few bearish performers is Iveco, which is giving up 1.8%, in its third session with a negative balance.

On the cadet segment, Digital Value steps forward 2.0% to EUR60.40 per share, in its fifth bullish session.

Ariston Holding moves ahead 1.4%, awaiting results due on Tuesday.

Piaggio also had a good opening, with the Vespa company pricing itself bullish by 1.4%, on the heels of the positive balance of the eve closed with plus 0.4%.

Among the few negative notes, Comer Industries repriced 0.6 percent, heading for the third session in a row to end with a negative balance.

On the Small-Cap, Conafi advances climbs 3.7 percent, following up the previous two sessions with bullish trends.

Seri Industrial advances 3.6 percent, rebounding after two heavy bearish sessions. On Tuesday it reported that during the first quarter of 2024 it posted revenues of EUR43.4 million with a slight decrease of EUR237,000 from the previous reporting period.

GPI, on the other hand, gives up 1.3 percent, in the track for the fourth session to close with a bearish candle.

Among PMIs, Alfonsino advances more than 10% and on the heels of the double-digit gain with which it ended the eve.

E-Globe, on the other hand, rises 9.3 percent. The company on Friday announced that it has signed a binding agreement to acquire 100 percent of the Spanish company Bayona Petit Tradex Consulting, active in the air conditioning sector and owner of the www.climamarket.eu brand.

The binding agreement calls for E-Globe to purchase 100 percent of Bayona's share capital - 98.80 percent sold by shareholder Enrique Martinez Bayona and 1.20 percent by shareholder Xenia Pages Petit - at a price of EUR3 million, partially financed through recourse to the banking channel and the remainder with equity.

At the back of the pack is Alfio Bardolla, which brings the price to the EUR3.06 area due to a negative balance of 6.7 percent.

Askolla Eva, on the other hand, retreats 6.3 percent, the subject of profit taking after three sessions of strong gains following a change at the top. Indeed, the company announced Tuesday that it had appointed Luca Bolcati as the company's new chief executive officer effective immediately. The board also appointed Luca Bolcati as the company's Investor Relator.

In New York overnight Europe, the Dow Jones closed up 0.9 percent, the S&P advanced 0.9 percent, and the Nasdaq advanced 1.5 percent.

In Asia, where the Japanese and Chinese stock exchanges are closed for Labor Day, the Hang Seng is advancing 1.4 percent.

Among currencies, the euro changes hands at USD1.0732 from USD1.0698 on Thursday in closing European equities while the pound is worth USD1.2546 from USD1.2500 on Thursday evening.

Among commodities, Brent crude is worth USD83.92 a barrel from USD83.12 a barrel Thursday evening and gold trades at USD2,301.11 an ounce from USD2,304.56 an ounce Thursday evening.

Friday's macroeconomic calendar has the Italian unemployment rate at 1000 CEST followed by the European unemployment rate at 1100 CEST.

At the same time German and French registrations will come out.

In the afternoon, from the US, hourly earnings, manufacturing payrolls and the unemployment rate are due out at 1430 CEST.

At 1545 CEST the U.S. S&P Global PMI Composite and Services indices will come out, and the ISM non-manufacturing index at 1600 CEST.

In Piazza Affari, results from Edison and Intesa Sanpaolo are expected.

By Maurizio Carta, Alliance News reporter

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