2023-11-02 16:56:07
(Alliance News) – European stock markets continued their upward trajectory on Thursday after welcoming the Fed’s decision to keep rates unchanged. Trading floors also welcomed Chairman Powell’s comments which reinforced expectations that US rates would peak, with the conditional being in order.
Still on the subject of central banks, the Bank of England also confirmed its reference rate at 5.25%, the highest level in 15 years. In Threadneedle Street, members voted 6 to 3 in favor of maintaining rates, with the three against favoring a 25 basis point increase.
Thus, the FTSE Mib closed up 1.8% at 28,479.39, the Mid-Cap closed in the green by 2.7% at 39,734.41, the Small-Cap increased by 1.7 % at 24,917.51, and Italy Growth closed up 0.4% at 7,694.57.
In Europe, London’s FTSE 100 closed up 1.4%, Paris’ CAC 40 rose 1.9% and Frankfurt’s DAX 40 closed up 1.5%.
On the main Piazza Affari list, Tenaris led the way with an 8.3% rise after announcing its results for the third quarter of the year and the first nine months on Wednesday evening, with a new share buyback for a maximum amount of $1.2 billion. In addition, the board of directors approved the payment of an interim dividend. In the third quarter, the group recorded a net profit of USD 547 million, compared to USD 608 million in the same period in 2022, with earnings per share of USD 0.46, compared to USD 0.51 in the third quarter of the year. former. Net sales were USD 3.24 billion, an increase of 9% from USD 2.98 billion during the same period in 2022.
Ferrari – up 5.6% – announced on Thursday that it finished the third quarter with strong year-on-year indicators. Adjusted net profit amounted to 332 million euros, an increase of 46% compared to 228 million euros recorded during the same period of the previous year. Net sales for the third quarter were €1.54 billion, up 24% year-on-year. Cars delivered reached 3,459 units in the third quarter, up 271 units from the previous year, driven by a very strong backlog reflecting volumes, geographies and product allocation plans by quarter .
Also having a good session was STMicroeletronics, which gained 4.4% and closed on a bullish candle for the third consecutive session.
Amplifon, for its part, gained 3.9%, with a new price of 27.53 euros after a drop of 0.5% the day before.
Among the few bearish stocks, Iveco closed down 1.3%, its third consecutive session of decline.
On the Mid-Cap, Nora Industry recovered 10 percent, after falling 1.4 percent the day before.
Seco, on the other hand, gained 9.4 percent. The stock traded in high volume of over 667,000, compared to a three-month daily average of around 235,000.
The Lottomatica Group closed in the green by 1.6 percent after announcing on Thursday that GBO Spa, a 100 percent subsidiary of Lottomatica, had signed an agreement to acquire 100 percent of the share capital of SKS365 Malta Holdings Limited. As part of this transaction, SKS365 was valued at an enterprise value of €639 million. The transaction will be financed by a combination of available cash and additional debt, for which Lottomatica has already secured a commitment of €500 million in the form of a bridge loan facility.
The only losers on the list, both down 0.4%, were Digital Value and illimity Bank.
In the small-cap sector, Giglio Group closed up 17% after announcing on Wednesday that it had sold, on October 31, the entire share capital of its wholly-owned subsidiary, IBox SA, a company incorporated under Swiss law. , to FuTureScape Sagl, also a company incorporated under Swiss law. The transaction involved the sale of shares with a total value of almost 5.9 million euros.
Aeffe closed up 7.8%, after falling 0.4% the day before. The stock had previously chained three sessions with a bullish candle.
Good purchases were also made on Safilo, up 6.2%, during the session preceding the publication of the accounts.
Fidia, down 0.4%, said Tuesday evening that its board of directors has reviewed and updated the business plan approved in March. It foresees a limited reduction in revenue for the 2023 financial year from 30.1 million euros to 28.9 million euros, “which, however, in terms of added value implies a reduction of 148,000 euros compared to the figure initially planned,” the company’s note said.
BasicNet – losing 2.9% – announced on Tuesday that its board of directors had reviewed the results of the first nine months, during which revenues increased by 5.3% to 297.5 million euros, compared to 282.6 million euros during the same period in 2022. Ebitda increased from 44.1 million euros to 44.7 million euros, a slight positive change of 1.3%.
Among SMEs, Ambromobiliare grew by 6.7%, after the 3.1% gain the day before.
Datrix, on the other hand, gained 9.5%, following the previous day’s 1.2% decline.
Ecosuntek – down 0.9% – announced on Tuesday that Eco Trade Srl, a 63.40% subsidiary, had completed the purchase of a 46.775% stake in +Energia Spa for 23.0 million euros. The transaction had already been announced to the market in previous months.
NVP closed on a negative note, down 0.7%. On Tuesday, it announced revenues up 57% from the previous year, to 19.5 million euros, compared to 12.4 million euros in the first nine months. The scope of consolidation includes the subsidiaries EG Audiovisivi Srl and Produzioni Italia Srl, the latter from September 14, 2023, which contributed to revenues of EUR 500,000, entirely generated in Italy.
Emma Villas fell 7.6% to 3.01 euros per share, following the 4.2% drop recorded on Wednesday.
Elsa Solutions fell 5.4%, after two previous sessions ended lower.
In New York, the Dow rose 1.2%, the Nasdaq 1.3% and the S&P 500 1.5%.
Among currencies, the euro traded at $1.0615 from $1.0542 at the close of European markets, while the pound was worth $1.2176 from $1.2137 last night.
Among commodities, Brent oil was worth USD 86.34 per barrel compared to USD 86.71 per barrel at yesterday’s close. Gold, meanwhile, is trading at $1,982.01 per ounce compared to $1,986.37 per ounce last night.
On the macroeconomic calendar for Friday, Germany’s trade balance at 0800 CET, while at 1000 CET it will be the turn of Italy’s unemployment rate, followed an hour later by that of the euro zone.
At 1330 CET, the American unemployment rate, at 1445 CET the PMI of services and fifteen minutes later that of the manufacturing industry. At 1800 CET, the Baker Hughes report and at 2130 CET, as usual on Friday, the COT report.
On the corporate calendar, results from Anima Holding, DiaSorin, Fenix Entertainment, Intesa Sanpaolo, Riba Mundo Tecnologia and Safilo Group are expected.
By Maurizio Carta, journalist at Alliance News
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