(Alliance News) - European stock markets moved in a mixed pattern Friday as investors continued to assess the outlook for monetary policy in the European region. The European Central Bank on Thursday held interest rates steady in a widely expected move, but ECB President Christine Lagarde said the next decision for September is "very open-ended."
Producer prices in Germany - Europe's top economy - contracted 1.6 percent year-on-year in June, smaller than the previous month's 2.2 percent drop and in line with market expectations. The data were released Friday by Destatis.
Thus the FTSE Mib is advancing 0.5 percent to 34,529.13.
Among the smaller listings, the Mid-Cap is advancing 0.5 percent to 48,738.17, the Small-Cap is advancing 0.2 percent to 29,433.27, and Italy Growth is giving up 0.3 percent to 8,100.04.
In Europe, London's FTSE 100 is giving up 0.2 percent as is Paris' CAC 40, while Frankfurt's DAX 40 is stepping back 0.5 percent.
On the Mib, Stellantis is giving up 1.2 percent, with new price at EUR18.78 per share. Sales in June rose slightly in Europe, underperforming the European market, where registrations grew 4.3% year-on-year to nearly 1.1 million units. As data from ACEA, the European Automobile Manufacturers' Association, showed Thursday, the merged giant of PSA Groupe and Fiat Chrysler Automobiles posted a 0.4 percent increase over June 2023, but market share fell to 17.3 percent in June from 18.0 percent a year earlier.
Eni, on the other hand, dropped 1.2% to EUR14.11 per share. Of note, Sfifel cut its target price to EUR14.70 from the previous EUR17.30.
Pirelli, on the other hand, falls 0.1 percent to EUR5.69 per share. On the stock, Goldman Sachs increased the target price to EUR6.40 from EUR6.30.
Among the bullish few, strength on Leonardo, which is up 1.0% to EUR22.95 per share. Of note, Goldman Sachs cut its target price to EUR23.50 from EUR23.80 with 'neutral' title.
On the MidCap, Fincantieri advances well, up 2.0% to EUR5.49 per share, in its fourth bullish session.
Also moving well is Webuild, which advances 1.5% to EUR2.33 per share with results expected in the middle of next week.
Juventus FC - in the red by 1.0% - reported that it has reached an agreement with Hellas Verona FC to definitively acquire the rights to the sports performance of the player Cabal Murillo Juan David for a consideration of EUR11 million, payable in three fiscal years, plus ancillary charges of EUR1.8 million.
Tinexta, on the other hand, is giving up 1.6 percent after two bullish sessions with price in the EUR16.91 per share area.
On the SmallCap, boost on Triboo, which is up 2.1% with price at EUR0.7720 after 1.1% green on eve.
Sogefi - in the green by 2.2% - on Thursday approved the board of directors' proposal to distribute an extraordinary dividend per unit of EUR0.923 from distributable profit reserves and the share premium reserve. Coupon 34 will be detached on July 22, and the dividend will be paid from July 24.
IRCE--which still does not trade--reported on Thursday that in the last few days it has signed a 10-year ?nancing with Banca di Imola, BPER Banca Spa and Banca Monte dei Paschi di Siena Spa, respectively, for a total amount of EUR30 million, worth EUR10 million each.
On the Italy Growth segment, EdiliziAcrobatica - up 10 percent - reported Thursday that the number of contracts signed in the first half of the year grew by 40 percent to 16,107 from 11,500 in the same period of 2023. The number of customers also increased by nearly 59 percent from June 30, 2023.
Alfonsino, on the other hand, is advancing 4.3 percent to EUR0.49 per share, after 4.9 percent red on eve.
Execus, on the other hand, is giving up 3.5 percent to EUR1.40, a new 52-week low.
Rear-ends, in a still uneventful list, for Gibus, which is giving up 2.8 percent to EUR8.22 per share.
In New York overnight Europe, the Dow gave up 0.3 percent, the Nasdaq Composite gave up 0.7 percent, and the S&P 500 left 0.8 percent on the parterre.
Among Asian exchanges, the Nikkei gave up 0.2 percent, the Hang Seng is giving up 2.1 percent, while the Shanghai Composite closed 0.1 percent in the red.
Among currencies, the euro changed hands to USD1.0886 from USD1.0912 in Thursday's European stock close while the pound is worth USD1.2927 against USD1.2978 last night.
Among commodities, Brent crude is trading at USD84.53 per barrel from USD84.62 per barrel at Thursday's close. Gold, on the other hand, trades at USD2,414.82 an ounce from USD2,464.02 an ounce Thursday evening.
Friday's macroeconomic calendar, at 1000 CEST, focus on the Eurozone current account and the Spanish trade balance. Also from Spain, at 1200 CEST, will come consumer confidence.
From the U.S., at 1900 CEST, space for Baker Hughes data on mining plants.
Among the companies in the business square, no particular events are scheduled.
By Maurizio Carta, Alliance News reporter
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