(Alliance News) - Piazza Affari closed Friday's trading slightly higher on a day marked by macro data for the Eurozone and Italy.
Axel Rudolph, Senior Technical Analyst at IG, commented, "European equity indices had a mixed session on the last day of the month, awaiting Monday's outcome of the French political debacle amid quiet Thanksgiving trading."
"Eurozone inflation rising as expected to 2.3 percent did not help support the euro, which saw its worst monthly loss in more than a year. EUR/USD fell about 3 percent in November amid fears of U.S. tariffs, weak Eurozone growth and political instability in France and Germany. Next week's U.S. nonfarm payrolls will be closely monitored by market participants."
The FTSE Mib closed Friday up 0.5 percent to 33,414.56, the Mid-Cap was up 0.2 percent to 47,052.26, the Small-Cap gained 0.8 percent to 27,332.93, and Italy Growth was up 0.2 percent to 7,678.22.
London's FTSE 100 closed down 0.1 percent, Paris' CAC 40 gained 0.3 percent and Frankfurt's DAX 40 rose 0.7 percent.
On the highest capitalization list in Piazza Affari, Amplifon took the top spot at the end of the session, up 2.3 percent, followed by STMicroelectronics, which gained 2.2 percent.
Telecom Italia closes at the bottom, down 1.5 percent. Today, the former monopolist reported Friday that it had cashed in EUR250 million from the sale to Ardian of the remaining 10 percent in Inwit, which instead finished at par.
The deal, the signing of which had been disclosed to the market on August 13, is based on a valuation of Inwit shares of EUR10.43 and, taking into account existing net debt at the Daphne 3 level, results in TIM's proceeds of approximately EUR250 million, which is not included in the organic guidance for net debt for 2024.
Nexi gives up 0.1% as the POS payments and ATM withdrawal system is down in Italy, due to a problem apparently caused by Worldline.
Nexi said, "With reference to the serious incident communicated yesterday by Worldline, which has generated major disruptions on several banks in Europe and especially in Italy, currently, the issue is not yet resolved by Worldline."
"Worldline has communicated that it is working to identify potential alternative solutions to reactivate services, pending the restoration of the damaged physical infrastructure. At this time, we have not yet received firm information on the timing of resolution."
BPER Banca -- up 1.0 percent -- announced Thursday that it intends to advance repay the Banca Carige bond to 2029 -- a Tier II callable fixed-rate bond with reset.
The redemption will be at par for EUR200.0 million, plus accrued interest up to the redemption date. Upon completion of the transaction, the bond will be delisted from the DomesticMOT.
On the Mid-Cap, Digital Value rises 1.9 percent. The stock has gained just under 50% in the past month.
Acea -- up 1.1 percent -- announced Thursday the award of the tender for the management of integrated water service in the Ato Ovest Provincia di Imperia area, worth an estimated more than EUR1.0 billion. As Il Sole 24 Ore reported in Thursday's edition, through Acea Molise, a wholly owned subsidiary of the group, Acea will acquire 48% of the newly formed mixed public-private company Rivieracqua, which holds the concession until 2042.
Mondadori closed up 0.2 percent. According to a report in Il Sole 24 Ore on Friday, negotiations for the acquisition of Lattes Editori, a well-known Turin-based publisher specializing in books for secondary schools, have stalled after months of negotiations.
On the Small-Cap, Tesmec's rally continues, rising 7.1 percent, its third consecutive session among the bullish.
CY4Gate - up 3.8 percent - announced Friday that it has signed contracts worth a total of about EUR1.2 million with leading Italian corporate and institutional clients to acquire solutions in Cyber Security and Forensic Intelligence.
doValue closed up 2.5 percent. SIH Partners limited its short position on the stock to 0.79 percent from 0.80 percent.
Among SMEs, Soges Group rose 1.0 percent after its board of directors approved the implementation of a transaction that includes the acquisition of the entire share capital of Hotel Bretagna and, indirectly, its wholly owned subsidiary Incorsi.
RedFish LongTerm Capital - down 0.8 percent to EUR1.20 - approved the issuance of the first tranche of the "6% Sustainable Growth 2024-2029" bond, amounting to EUR2.6 million out of a total of EUR15 million.
Consisting of 103 bonds with a nominal value of EUR25,000 each, the tranche will be issued on December 2 and mature on December 1, 2029, with gross annual interest of 6 percent, paid monthly. At the same time, the company agreed to a partial repayment of EUR2.5 million of the "TV Eur + 500bps 2022-2025" loan, in an agreement signed on November 28.
Gentili Mosconi closed at a breakeven after reporting Thursday its results for the first nine months of the year, which recorded consolidated revenues of EUR31.2 million, compared to EUR37.0 million in the same period of 2023, showing a 16 percent decline.
Reway Group - unchanged at the end of the day - reported on Friday that its subsidiary Gema - among the leading operators active in infrastructure maintenance and civil works in the railway sector - has been awarded two new contracts in the railway sector with a total value of EUR56 million.
The first contract, awarded entirely to Gema by Rete Ferroviaria Italiana and worth a total of about EUR45.6 million, concerns the executive design and construction of acoustic mitigation works along the BolognaLecce railway line in the municipality of Tortoreto, Teramo.
In New York, the Dow is up 0.5 percent to 44,924.12, the Nasdaq is up 0.7 percent to 19,196.22 and the S&P 500 rises 0.5 percent to 6,030.14.
Among currencies, the euro changes hands at USD1.0556 from USD1.0551 on Thursday in closing European equities. The pound is worth USD1.2703 versus USD1.2678 on Thursday evening.
Among commodities, Brent crude is worth USD73.38 a barrel from USD72.31 a barrel Thursday night. Gold trades at USD2,655.54 an ounce from USD2,664.59 an ounce on Thursday night.
Monday's macroeconomic calendar features Japan's manufacturing PMI at 0130 CET and China's PMI at 0245 CET.
The same indicator will arrive for Spain, Italy, France, Germany, Eurozone and UK will arrive between 0915 CET and 1030 CET.
At 0800 CET, the UK house price report will be released while, 45 minutes later, space will be given to French industrial production. At 1100 CET, eyes will be on Italy's Gross Domestic Product and the Eurozone unemployment rate.
At 1600 CET, the focus will shift overseas, with PMI and T-Note auctions at 1600 CET.
Among companies in the Piazza Affari, no particular events are planned.
By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter
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