2023-09-15 06:42:11
(Alliance News) – European stock markets are expected to rise on Friday, according to IG futures, extending gains from the previous session, when the European Central Bank implemented a further 25 basis point rate hike in what Analysts believe it to be the last rise in the current tightening cycle.
Thus, the FTSE Mib is expected to rise by 227 points or 0.8 percent following closing up 1.4 percent at 28,872.73.
In Europe, Paris’s CAC 40 is in the green with 48.7 points or 0.7 percent, Frankfurt’s DAX 40 is up 102 points or 0.7 percent, while London’s FTSE 100 is expected open up 34.5 points or 0.5 percent.
Among the smaller Italian stock markets on Thursday evening, the Mid-Cap closed 0.1 percent higher at 41,135.47, the Small-Cap finished 0.3 percent green at 26,738.18 , while Italy Growth closed 0.2 percent in the red at 8,652.46.
On the Italian Stock Exchange, the energy sector advanced, with Enel leading the way, up 3.2%, A2A up 3.0% and Hera up 2.4%.
The Iveco Group – in the green by 1.4% – announced on Wednesday that Anna Tanganelli – formerly of Iren – will take on the role of financial director from December 1, succeeding Francesco Tanzi who held the role of financial director during the spin-off of the Iveco Group and its first year and a half as an independent company.
Among the few bearish stocks, Stellantis finished at the bottom of the pack with a drop of 1.1%, as did Telecom Italia, which lost 1.0%, and Pirelli & C, down 0.6%. Leonardo was also bad, down 0.3%.
On the midcap side, Iren closed at the top with an increase of 3.5%. On Wednesday, it announced that Giovanni Gazza will be the company’s new financial director from December 1.
Webuild – in the red by 0.8% – reported growth on Thursday in Australia, the group’s first non-domestic market, with 7.3 billion euros of orders acquired and being finalized in the country. during the first eight months of 2023, bringing the group’s order book in Australia to 13.3 billion euros.
On this basis, Webuild reaches the figure of 21 billion euros of orders acquired and being finalized in the first eight months of 2023, bringing the group’s work portfolio to a potential of more than 68 billion euros.
El.En. fell 2.2% following announcing on Tuesday evening a consolidated turnover of 345.6 million euros as of June 30, up 6.0% compared to 326.9 million euros as of June 30, 2022 The group’s net profit amounted to 25.8 million euros, down 9.3% compared to 28.4 million euros for the first half of 2022.
Maire Tecnimont – down 4.1% – announced Tuesday that its board of directors had approved the issuance of an unsecured, fixed-rate, unrated sustainability-linked senior non-convertible bond of an equivalent value between a minimum of 120 million euros and a maximum of 200 million euros.
Sesa ended the day in the green, with an increase of 0.5%. On Thursday, it announced adjusted net profit of 26.5 million euros for the first quarter ended July 31, up from 23.8 million euros in the same period last year.
In the small-cap market, Orsero closed up 5.8% following reporting adjusted net profit of €33.4 million for the first half of the year, up 57& from 32, 4 million euros for the same period of the previous year.
Mondo TV – in the red by 1.0% – said it closed the first half of the year with a net loss attributable to the group of around 1.2 million euros, compared to a profit of around 4.3 million euros for the first half of 2022, and compared to a loss of around 69 million euros for the same period of 2022.
The production value amounts to approximately 4.6 million euros, down 76% from 19.1 million euros in the first half of 2022, mainly due to the drop in sales already anticipated in the new business plan and the exit of Mondo TV Studios.
Caleffi’s board of directors – in the red by 3.6% – announced on Wednesday that the company had made a profit of 200,000 euros in the first half, compared to 700,000 euros for the same period in 2022.
As of June 30, turnover amounted to 27.1 million euros, compared to 25.3 million euros a year earlier.
Fine Foods & Pharmaceuticals closed in the green by 0.1 percent, reporting a loss of 1.7 million euros to June 30 on Wednesday, an improvement from a loss of 6.0 million euros to the first semester 2022.
Among SMEs, Monnalisa – down 3.7% – announced on Thursday that it had signed a five-year multi-channel licensing agreement with La Martina, an iconic international brand linked to the world of Argentine and British polo.
Franchetti – down 3.1% – reported a net profit of 171,268 euros for the first half, compared to 148,690 euros for the same period the previous year.
Turnover as of June 30 increased from 1.4 million euros to 2.2 million euros, an increase of 55% compared to the previous year.
In Asia, the Nikkei closed in the green for 1.1%, the Shanghai Composite was in the red for 0.5%, and the Hang Seng rose 1.1%.
In New York, on European night, the Dow Jones closed in the green for 1.0 percent, the S&P up 0.8 percent and the Nasdaq finished up 0.8 percent.
Among currencies, the euro traded at $1.0661 from $1.0661 on Thursday as European stock markets closed, while the pound was trading at $1.2425 from $1.2410 on Thursday evening.
Among raw materials, a barrel of Brent was worth 94.34 USD once morest 92.42 USD at Thursday’s close. Gold, meanwhile, is trading at USD 1,918.49 per ounce compared to USD 1,906.82 per ounce on Thursday evening.
On Friday’s economic calendar, in Italy, at 1000 CEST the inflation figure is expected and at 1100 CEST the trade balance is expected.
At 1100 CEST, the Eurozone trade balance and labor cost index will also be released.
In the followingnoon, in the United States, the import and export price indices will be published at 1430 CEST and, at 1515 CEST, data on industrial and manufacturing production. At 1600 CEST, the Michigan Confidence Index and 5-year inflation forecast will follow.
In Piazza Affari, the half-yearly reports from Beewize, BF and Fidia are awaited.
By Chiara Bruschi, journalist at Alliance News
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