(Alliance News) - The Mib rose above 33,800 points Friday, in line with other European exchanges, as investors' attention shifted to the highly anticipated April U.S. jobs report, accompanied by several corporate quarterly reports.
The Federal Reserve eased fears of another interest rate hike, hinting that, albeit without a firm timeline, the next move on the cost of money will be bearish. It is 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.
On the domestic front, the monthly unemployment rate stood at 7.2 percent in March, up from 7.4 percent in February, Istat reported Friday. The figure is below estimates that predicted a figure of 7.5 percent.
Thus, the FTSE Mib is marking a gain of 0.4 percent to 33,866.64.
In Europe, Paris' CAC 40 is advancing 0.6 percent, while London's FTSE 100 is marking a 0.4 percent gain as is Frankfurt's DAX 40.
Among the smaller listings, the Mid-Cap is advancing 0.4 percent to 47,441.00, the Small-Cap is marking plus 0.5 percent to 29,044.03, while Italy Growth is advancing 0.2 percent to 8,243.34.
On the Mib, boost on Brunello Cucinelli, which advances 2.1%, rearing its head again after three bearish sessions and confirming itself as a best performer since the bell rang.
High quarters also for STMicroelectronics, which moves up 2.0%, reversing course after a four-session bearish mini-tren.
Strength also on Telecom Italia, which scores a plus 1.9%, turning upward after two sessions with bearish candle.
Among the few bearish performers is Iveco, which is giving up 2.9 percent, in its third session with a negative balance.
Also going under is Banca Monte dei Paschi, which is posting minus 1.2 percent, after two sessions in which it rallied more than 6 percent.
On the cadet segment, Digital Value steps up 2.9% to EUR60.90 per share, in its fifth bullish session and positioning itself as the list's best.
Good buys also on Juventus FC, which scores a plus 2.8 percent, on the heels of the eve's close with a plus 2.4 percent.
Ariston Holding moves ahead 1.8 percent, ahead of results due on Tuesday.
A good session for Piaggio as well, with the Vespa company pricing itself bullish by 0.5 percent, on the heels of the profitable balance of the eve closed with a plus 0.4 percent.
Among the bearish minority, Comer Industries repriced 0.6 percent, heading for the third session in a row to end in negative balance.
On the Small-Cap, It way advances 5.4 percent, bringing the weekly basis asset over 15 percent.
Seri Industrial advances 9.1%, 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.
Fidia, on the other hand, gives up 8.0 percent, in the aftermath of a green of 1.1 percent. The stock - which has not detached its dividend since 2017 - has been giving up more than 48 percent since the beginning of the year.
Among SMEs, Alfonsino advances 5.3 percent and on the heels of the double-digit gain with which it ended the eve.
E-Globe, on the other hand, rises 2.6 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 rear is Alfio Bardolla, which brings the price to the EUR2.80 area with contraction of more than 10% before going into the volatility auction.
Askolla EVA, on the other hand, retreats 5.1 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.
Among currencies, the euro changed hands at USD1.0732 from USD1.0698 on Thursday's European stock close while the pound was worth USD1.2546 from USD1.2500 on Thursday night.
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 includes from the US at 1430 CEST hourly earnings, manufacturing payrolls and the unemployment rate.
At 1545 CEST the S&P Global PMI Composite and U.S. Services indices will come out and the ISM non-manufacturing index at 1600 CEST.
By Maurizio Carta, Alliance News reporter
Comments and questions to redazione@alliancenews.com
Copyright 2024 Alliance News IS Italian Service Ltd. All rights reserved.
