(Alliance News) - Milan continued with the bullish trend Thursday after three consecutive sessions of losses and point bar in the 33,200 area. Traders - on a day lacking in macro data - await Germany's key inflation rate expected later in the day.

On the domestic front, Italy's producer prices fell on an annual basis and rose on a monthly basis in October, Istat reported Thursday. Italy's producer prices fell 2.8 percent year-on-year in October after falling 2.0 percent in September.

On a monthly basis, they rose 0.7 percent after falling 0.6 percent in the previous month.

Thus, the FTSE Mib is marking a 0.4% rise to 33,234.61.

In Europe, London's FTSE 100 is advancing 0.2 percent, while Frankfurt's DAX 40 is advancing 0.6 percent as is the CAC 40 in Paris.

Among the smaller lists, the Mid-Cap advances 0.4 percent to 46,871.01, the Small-Cap is up 0.5 percent to 27,028.69, while Italy Growth is in the red 0.3 percent to 7,641.73.

On the highest-capitalization list of Piazza Affari, Nexi -- best on the list since the bell rang -- continues the session rising 3.7%, with price in the EUR5.59 per share area, aiming for the third session to close with an uptrend.

Stellantis, on the other hand, advances 1.8%, after the 4.8% red in the previous session, positioning the price bar in the EUR12.36 area.

UniCredit -- up 0.9 percent -- reported Wednesday that rating agency Moody's confirmed the bank's senior preferred unsecured debt and long-term deposit ratings at Baa1, with a stable outlook. According to the agency, should the acquisition of Banco BPM be finalized, UniCredit's creditworthiness would remain essentially stable.

Eni-slightly below par at EUR13.41-announced Thursday that it has signed contracts with Côte d'Ivoire's Ministry of Mines, Petroleum and Energy to acquire four new offshore exploration blocks. The signing consolidates Eni's presence in the country and took place in the city of Abidjan.

Saipem, meanwhile, is giving up 0.5 percent to EUR2.41 per share after two sessions of gains.

Banco BPM -- in the red by 0.3 percent -- is considering a strategic raise on its ongoing takeover bid for Anima Holding -- in the green by 0.4 percent on the mid-cap -- in response to the EUR10.10 billion exchange offer advanced by UniCredit Spa, Milano Finanza explained Thursday. The current offer, set at EUR6.20 per share with a premium of 8.5 percent, could be revised upward to increase the value of the group and push UniCredit to improve the terms of the OPS. This move, which enjoys the favor of Banco BPM's strong shareholders, aims to put pressure on the group led by Andrea Orcel, given that changes to the OPA on Anima are allowed by the terms of the OPS.

On the Mid-Cap, Digital Value advances 7.6 percent, in its third bullish session with price at EUR18.36 per share.

Tinexta, on the other hand, marks a plus 2.0%,rearing its head after two bearish candle sessions.

Acea - in the green by 0.2% - consolidates its position in the Italian water sector with the award of the tender for the management of the integrated water service in the Ato Ovest Provincia di Imperia area, worth an estimated more than EUR1.0 billion. As Il Sole 24 Ore reports in Thursday's edition, through Acea Molise, a wholly owned subsidiary of the group, Acea will acquire 48 percent of the newly formed mixed public-private company Rivieracqua, which holds the concession until 2042.

Webuild - in the red by 0.6 percent - consolidates its position in Saudi Arabia, where it has been operating since 1966 with a pipeline of projects worth a total of more than EUR30.00 billion and contracts already acquired for EUR7.00 billion, Corriere della Sera reported Thursday.

Cembre, on the other hand, gives up 1.7 percent, in its third bearish session with price in the EUR40.70 per share area.

On the Small-Cap, Unidata advances 3.4% to EUR2.75, after a 4.0% loss in the previous session.

Softlab, on the other hand, advances 4.5%, reversing course after two bearish sessions and bringing the price to EUR0.82.

doValue, on the other hand, retreats 1.6%, after two bullish sessions.

Seri Industrial also retreats, giving up 1.5 percent to EUR2.97 after eve's green with 1.7 percent.

Among SMEs, Espe advances 6.2% to EUR2.93 per share. The stock is approaching doubling its market cap in 2024, up more than 95%.

First Capital - still not trading with price at EUR15.70 - reported that its subsidiary First SICAF has acquired a significant stake in ErreDue, amounting to 6.97 percent of the ordinary shares admitted to trading and 3.2 percent of the share capital.

Websolute - flat at EUR1.55 - announced Wednesday that it had approved the start of a treasury share program with a maximum value of EUR500,000 and a duration of 18 months as of today's meeting.

Simone -- in the red by 0.3 percent -- let it know Wednesday that it had approved the issuance of a non-convertible, non-subordinated, unlisted denominated simple bond for a maximum amount of EUR1.5 million. The bond named "Simone TV Eu6M + 2.35 percent 2024 2030" will be reserved entirely and exclusively for a single underwriter and is aimed at concluding strategic extraordinary finance transactions for the development of the business, in line with market opportunities and programmatic growth lines declared during the IPO.

Riba Mundo Tecnologia is giving up 8.2%to EUR10.10, updating the low in the 52-week time frame.

In New York, the Dow closed 0.3 percent in the red, the Nasdaq down 0.6 percent while the S&P 500 closed down 0.4 percent.

Among currencies, the euro changed hands at USD1.0543 from USD1.0562 in Wednesday's European stock close. The pound is worth USD1.2659 versus USD1.2679 last night.

Among commodities, Brent crude is worth USD73.33 per barrel from USD72.52 per barrel last night. Gold trades at USD2,649.12 an ounce from USD2,666.39 an ounce last night.

On Thursday's economic calendar, while U.S. stock exchanges are closed for Thanksgiving, the German inflation figure from Destatis is expected at 1400 CET.

By Maurizio Carta, Alliance News reporter

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