(Alliance News) - European stock benchmarks opened and maintained a positive trajectory in Thursday's session, consolidating the rally of the previous two sessions and reflecting a more constructive market sentiment globally.
This performance was mainly driven by US data releases, where unexpected weakness in the labor market significantly increased the implied probability of a 25 basis point rate cut by the Federal Reserve at next week's meeting, triggering a sharp improvement in risk appetite.
At the same time, operators are maintaining their focus on geopolitical developments: the outcome of the peace talks in Ukraine is being monitored, with a meeting scheduled today in Florida between the US special envoy and the Ukrainian chief negotiator, factors that could influence short-term volatility.
The FTSE Mib is thus up 0.1% at 43,406.34 points.
The CAC 40 is up 0.4%, the DAX 40 is up 0.7%, while the FTSE 100 is down 0.1%.
Among the minor indices, the Mid-Cap is up 0.4% to 58,527.07, the Small-Cap is up 0.4% to 36,092.63, and the Italy Growth is up 0.1% to 8,497.84.
On the Milan Stock Exchange, STMicroelectronics rose 3.5%, its fifth consecutive bullish candle.
Buzzi gained 1.4% to EUR51.65 per share, after four bearish sessions.
A2A - down 0.4% - presented its first climate transition plan, allocating EUR 7 billion by 2035 to key decarbonization measures: increasing renewables, improving energy efficiency, waste recovery, and expanding district heating. As Milano Finanza reported on Thursday, the document defines the objectives, tools, and operational levers that will guide the Lombardy-based multi-utility toward its Net Zero goal in 2050.
Lottomatica Group - down 0.3% - announced on Wednesday that it had acquired 2 million of its own ordinary shares between November 24 and 28, for a total value of almost EUR 42.7 million.
Intesa Sanpaolo is trading just below par at EUR5.58 per share. It should be noted that Goldman Sachs has raised its target price to EUR6.00 from EUR5.90.
On the secondary market, Avio is up 2.3% to EUR24.65 per share, after three sessions of decline.
Fincantieri, which will officially trade on the Mib starting December 22, opened up 2.0%.
On Wednesday, in the presence of Prime Minister Giorgia Meloni and Salman Bin Hamad Al Khalifa, Crown Prince and Prime Minister of Bahrain, Fincantieri and ASRY signed a Memorandum of Understanding to explore new opportunities for collaboration in the shipbuilding sector. The agreement was signed on the sidelines of the 46th Gulf Cooperation Council summit by Eugenio Santagata for Fincantieri and Ahmed AlAbri for ASRY, in the presence of Fincantieri President Biagio Mazzotta.
Philogen, on the other hand, is up 1.7% after a flat session yesterday, with a price in the EUR23.40 range.
Among the few decliners, Iren is down 1.2%, in its fourth session of decline.
On the Small-Cap index, Pininfarina is up 3.3% after two sessions of decline.
Tesmec is up 2.6% at EUR0.15, its fifth bullish session.
I Grandi Viaggi is up 2.8%, after closing with the same decline the day before.
Landi Renzo fell 3.2%, following a 3.5% decline in the previous session.
Among SMEs, Compagnia deri Caraibi rose 4.4% to EUR0.37, recording a gain of over 54% in the last five sessions.
Predict - still flat at EUR0.74 - announced on Wednesday that it had been awarded an order worth approximately EUR66,000 for the sale of two Mistral Sampler devices to the Interuniversity Department of Physics at the Polytechnic University of Bari.
Eprcomunicazione, on the other hand, rose 3.1%, bringing the price to around EUR 1.34.
In New York, during the European evening, the Dow Jones gained 0.9%, the Nasdaq advanced 0.2%, while the S&P 500 gained 0.3%.
Among Asian markets, the Nikkei gained 2.3%, the Shanghai Composite lost 0.1%, while the Hang Seng rose 0.7%.
On the currency front, the euro is trading at USD 1.1675 from USD 1.1664 at Wednesday's stock market close, while the pound is trading at USD 1.3354 from USD 1.334 last night.
Among commodities, Brent crude traded at USD 62.78 per barrel, down from USD 63.05 per barrel at yesterday evening's close, while gold traded at USD 4,193.24 per ounce, down from USD 4,221.25 per ounce yesterday evening.
On Thursday's economic calendar, Eurozone retail sales data is scheduled for release at 1100 CET.
From 1:30 p.m. CET to 2:30 p.m. CET, attention will focus on the US labor market with data on job cuts and unemployment.
On the Italian stock exchange, Netweek presents its half-year results.
By Maurizio Carta, Alliance News Reporter
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