(Alliance News) - Wednesday saw another upbeat session for Europe's major stock exchanges, driven by renewed commercial and political détente. In the United States, the end of the longest government shutdown in history is imminent, while inflation in Germany slowed to 2.3% in October.

Domestically, Italian industrial production rose in September, though the quarter showed a 0.5% decline.

The Mib closed up 0.8% at 44,792.64 points, the Mid-Cap gained 0.4% to 57,999.13, the Small-Cap ended 0.1% higher at 35,895.89, while the Italy Growth index slipped slightly to 8,500.00 points.

Other major European markets also posted gains: Paris's CAC 40 rose 1.0%, Frankfurt's DAX 40 advanced 1.2%, and London's FTSE 100 edged up 0.1%.

"While tech stocks are under pressure on Wall Street, the FTSE 100 managed to hold onto the record high reached today. Government turbulence in the US is set to give way to further drama at Westminster, although for now, market jitters are limited to gilt yields," commented Chris Beauchamp, Chief Market Analyst at IG.

"Europe has also seen a solid rebound, with the global market rally entering a new phase," the analyst concluded.

On the Milan Stock Exchange, trading ended with a flurry of deal speculation: Mediobanca climbed 3.0%, Banca Monte dei Paschi di Siena gained 2.3%, and Unipol rose 2.2%.

Recordati performed well after nine-month results, adding 2.4% to EUR53.45 per share.

Generali, up 0.9%, reintroduced the role of general manager, appointing Giulio Terzariol, the current CEO of the insurance business.

The appointment, marking CEO Philippe Donnet's first move since the change of control at Mediobanca, is seen by some observers as a step towards succession, ensuring management continuity. The board, renewed last spring, remains stable despite Banca Monte dei Paschi joining as a shareholder.

A2A's results, which showed a net profit of EUR581 million for the first nine months--a 19% drop from EUR713 million in the same period of 2024--led to a 9.3% selloff in the stock.

Stellantis, down 0.6%, sent a letter to the US Trade Representative requesting that the new Trump administration review tariffs imposed on vehicles imported from Canada and Mexico that comply with the agreement's rules.

Leonardo, up 0.5%, completed the monetization of its stake in Avio, which fell 1.2%. Leonardo's holding now stands at 19.3%, down from 28.75%.

Hera, with a nine-month net profit of EUR324.6 million versus EUR312.1 million in 2024, slipped 1.0%.

Lottomatica, after a EUR16.00 million buyback, gained 2.4% to EUR20.70 per share.

Inwit dropped 3.8%, hitting a new 52-week low at EUR5.10 per share.

On the Mid-Cap, Fincantieri posted nine-month revenues up 21% to EUR6.73 billion from EUR5.58 billion in the same period of 2024. The stock fell 6.5% to EUR18.92 per share.

De' Longhi--whose shares soared more than 14%--reported a net profit of EUR187.6 million, up 8.0% from EUR173.8 million between January and September 2024.

ENAV, up 1.3%, announced Wednesday that it closed the first nine months with lower profit, hit by rising operating costs despite increased air traffic and solid cash generation.

Tinexta's board approved the first nine months' results, showing a net loss from continuing operations of EUR16.5 million, compared to a net loss of EUR9.3 million in the same period of 2024. The stock closed down 0.3%.

doValue--among the worst performers, down 7.5%--reported nine-month results with adjusted net profit at EUR11.6 million, up 140% from EUR4.8 million between January and September 2024.

Among small caps, Enervit Spa closed the first nine months with consolidated revenue of EUR77 million, up from EUR73.9 million as of September 30, 2024, but the stock fell about 12%.

Caleffi posted nine-month consolidated revenue of EUR41.9 million, up 19% from EUR35.1 million as of September 30, 2024. The stock ended down 0.2%.

GPI plunged 17% to EUR14.86 per share. The stock is down 14% over the past 30 days but remains up 55% over six months.

OPS eCom continued its double-digit rally, surging 47% to EUR0.17 after Borsa Italiana announced that, until further notice, no market orders without price limits will be allowed on OPS eCom ordinary shares.

The Italian Sea Group reported net profit of EUR16.6 million, down 56% from EUR37.7 million in 2024, but confirmed its guidance. The stock jumped more than 17%.

Among SMEs, Banca Profilo sees growth potential in Markbass--up 8.7%--and issued a 'hold' recommendation with a target price of EUR2.50 per share.

Sicily by Car, up 2.6%, reported that it closed the first nine months with production value of EUR133.0 million, up 16% from EUR101.7 million as of September 30, 2024.

Compagnia dei Caraibi signed an exclusive distribution agreement in Italy for the Licor 43 and Villa Massa brands from Spain's Zamora group, effective January 2026. The stock slipped 1.6%.

BackSpin filed with Consob the document for a mandatory public tender offer for all ordinary shares of Spindox Spa. The offer price is EUR13.00 per share. Spindox closed flat at EUR12.95 per share.

Growens enjoyed strong buying, up 7.7%, after reporting consolidated revenue of EUR54.71 million, essentially flat compared to EUR54.70 million in the same period of 2024.

In New York, the Dow Jones was up 0.7%, the Nasdaq slipped 0.2%, and the S&P 500 was down 0.1%.

In currency markets, the euro traded at USD1.1591 from USD1.1592 at Tuesday's close, while the pound traded at USD1.3130 from USD1.3169 Tuesday evening.

Among commodities, Brent crude traded at USD62.80 per barrel from USD65.15 per barrel Tuesday evening, while gold was at USD4,193.70 per ounce from USD4,105.82 per ounce the previous evening.

Thursday's economic calendar features French unemployment data at 0730 CET, while at 0800 CET, the UK construction companies report and GDP figures are due.

At 1000 CET, attention turns to the European Central Bank's monthly report, and at 1100 CET, the ECOFIN meeting takes place, coinciding with the release of Eurozone industrial production figures.

At 1110 CET, focus will be on Italian BTP auctions with maturities of three, seven, and 30 years.

US data will be in the spotlight at 1430 CET, with unemployment and consumer price figures due.

On the Milan Stock Exchange, numerous companies are expected to release nine-month results.

By Michele Cirulli, Alliance News Reporter

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