(Alliance News) - Major European markets continue to trade in negative territory on Friday.
On the macroeconomic front, the Eurozone recorded further economic expansion in November, albeit with signs of a slowdown in demand and industry.
The Mib fell 1.0% to 42,518.9 points, the Mid-Cap lost 1.4% to 56,719.87 points, the Small-Cap fell 1.4% to 34,535.98, and Italy Growth left 0.9% on the floor at 8,261.00 points.
Other markets were also negative: the CAC 40 in Paris fell 0.8%, the DAX 40 in Frankfurt fell 1.3%, and the FTSE 100 in London fell 0.5%.
On the Italian stock exchange, Terna - up 0.9% - signed an ESG-linked Credit Facility Agreement with BPER Banca - down 1.0% - for a total value of EUR 200 million and a duration of 5 years.
The EU Commission's decision on Italy's golden power is also expected today, with a softer stance than initially expected, although not without its critical issues. As you may recall, UniCredit, down 1.2%, withdrew its offer for Banco BPM, which fell 1.9%.
Stellantis is opening a new industrial front in the Middle East by signing a memorandum of understanding with Petromin Corporation, the Saudi Arabian Ministry of Investment, and the National Industrial Development Center to evaluate the creation of a vehicle manufacturing plant in the Kingdom. The stock is up 0.9%.
The project to transform the logistics network of Poste Italiane, down 1.1%, is underway, with a total investment of more than EUR 1.5 billion: the first vehicle of Poste Italiane's Sicaf dedicated to logistics, managed by DeA Capital Real Estate Sgr and expected to exceed EUR 1.5 billion, is now operational.
Inwit takes the lead with 1.7% at EUR7.875 per share; sales of 5.0% and 5.6% on Prysmian and Leonardo.
On the Mid-Cap, the board of Juventus Football Club has approved the launch of a capital increase reserved for institutional investors of up to a maximum of approximately 37.9 million new shares, equal to approximately 10% of the pre-increase capital. The stock is down 5.8%.
Mondadori, down 1.4%, continues its push into artificial intelligence with the second Demo Day of Plai, the incubator that aims to transform algorithmic ideas into businesses.
Safilo Group, after an initial approach to Inspecs Group for a possible acquisition of the Eschenbach Group and BoDe businesses, submitted two non-binding cash offers to acquire the entire issued and to-be-issued share capital of Inspecs. Both proposals were rejected by Inspecs. The stock is flat at EUR1.812.
On the Small-Cap market, Marco Gay, executive chairman of Zest, with a daily loss of 5.1%, presented the group's business plan and capital increase of up to EUR 4.5 million, describing it as a tool to "be promoters and drivers of innovation in Italy."
OPS eCom performed well, up 6.6%. I Grandi Viaggi, down 0.5%, gained 10% in the last month, 52% in the half-year, and 115% in the year.
Piquadro, which closed the half-year to September 30 with a profit of EUR 5.1 million, up from EUR 5.0 million a year earlier, lost 0.9% at mid-session.
The European Investment Bank and Edison issued a joint statement on Friday announcing that the EIB is supporting Edison's investment plan to promote energy transition in Italy with financing of up to EUR 800 million.
Among SMEs, Laboratorio Farmaceutico Erfo - up 4.3% - announced its consolidated operating results for the period ended September 30 on Friday, reporting revenues of EUR 7.4 million, up 57% compared to the same period in 2024.
EBITDA stood at EUR 1.7 million, up 71% compared to the same period last year, with a margin of 22% compared to 23% in the third quarter of 2024.
Dedem - flat at EUR 3.28 - signed new financing agreements totaling EUR 44 million with a pool of banks.
The lines include EUR 25 million for the refinancing of existing debt, EUR 15 million for Capex investments related to the 2025-2027 business plan and expansion initiatives, and an additional EUR 4 million as a revolving line, with maturities between 2030 and 2032.
iVision Tech - down 0.5% to EUR 2.09 per share - reported revenues of EUR 10.7 million, up 14% from EUR 9.4 million recorded from January to September 2024. The value of production was EUR15.1 million, an increase of more than 30% compared to EUR11.6 million in the first nine months of the previous year.
Ilpra - not affected by trading - completed its strategy of direct control over key markets in Western Europe: the company acquired 95% of the share capital of Ilpra Benelux BV, which controls 100% of Ilpra Deutschland GmbH.
FAE Technology - down 3.3% - announced that the directors of the wholly-owned subsidiaries Elettronica GF SrI and MAS Elettronica Srl - subsidiaries of the group - have signed the notarial deed for the merger by incorporation of MAS Elettronica into Elettronica GF.
DHH closed the nine months with net profit up to EUR 3.8 million, compared to EUR 3.0 million recorded from January to September 2024. Revenues increased to EUR 30.7 million from EUR 27.4 million. The stock is up 0.8% to EUR 20.10 per share.
In New York, during the European evening, the Dow Jones fell 0.8% to 45,752.26, the Nasdaq fell 2.4% to 24,054.38, and the S&P 500 fell 1.6% to 6,538.76.
On the currency front, the euro traded at USD 1.1516 from USD 1.1535 at Thursday's stock market close, while the pound traded at USD 1.3053 from USD 1.3094 last night.
Among commodities, Brent crude is trading at USD 61.98 per barrel, down from USD 63.31 per barrel at Thursday's close, while gold is trading at USD 4,036.13 per ounce, down from USD 4,064.35 per ounce last night.
On Friday's economic calendar, Spanish consumer confidence data will be released at 1300 CET.
Speeches by Fed governors are expected from 1445 CET, while the focus on the US economy comes at 1600 CET with reports on new construction, manufacturing, and industrial production.
At 1900 CET, Baker Hughes data on the total number of extraction plants will be released.
By Michele Cirulli, Alliance News Reporter
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