(Alliance News) - On Wednesday, Piazza Affari and the major Eurozone stock exchanges are expected to be in the green by IG futures, on a day that, after the release of macroeconomic data on UK inflation and German producer prices, looks set to be one of anticipation for the speech to be given by the president of the European Central Bank in the afternoon. The London marketplace is expected to lack momentum.

Thus, the FTSE Mib is expected to rise 0.6 percent or up 180.0 points after closing down 1.3 percent at 33,324.73 on Tuesday's session.

In Europe, London's FTSE 100 is expected to be in the fractional red or down 0.4 points, Paris' CAC 40 is given up 0.6 percent or up 42.2 points while Frankfurt's DAX 40 is expected to open up 0.5 percent or up 87.4 points.

On the macroeconomic front, producer prices in Germany fell 1.1 percent year-on-year in October, following a 1.4 percent decline in the previous month, in line with market expectations. This is the 16th consecutive period of output deflation.

The annual inflation rate in the UK rose to 2.3 percent in October, the highest in six months, up from 1.7 percent in September and forecasts of 2.2 percent.

In Japan, imports rose 0.4 percent year-on-year to a three-month high of JPY9,887.91 billion in October, surpassing the market consensus of a 0.3 percent decline, after a downward revision of the 1.8 percent increase recorded in September.

Japan's exports rose 3.1 percent year-on-year to a three-month high of JPY9,426.67 billion in October, exceeding market forecasts by 2.2 percent and reversing the 1.7 percent decline recorded the previous month.

Japan's trade deficit plummeted to JPY461.25 billion in October from JPY702.86 billion in the same month a year earlier, thanks to an increase in exports far outpacing that of imports.

Returning to Milan, among the smaller listings on Tuesday evening, the Mid-Cap lost 0.8 percent to 46,502.58, the Small-Cap closed fractionally in the green at 26,998.93, and Italy Growth closed giving up 0.3 percent to 7,750.33.

On the Mib, strength on Leonardo, which closed bullish by 1.4% at EUR25.22 per share, in its second bullish session after a four-session bearish streak driven by the risk of further escalation in the Russian-Ukrainian issue.

Hera, on the other hand, rallied 0.5 percent to EUR3.39 per share, rearing its head after two bearish sessions.

Enel closed the session down 0.8 percent to EUR6.64 per share. On the stock Goldman cut its target price to EUR9.00 from EUR9.20 with a 'buy' recommendation.

FinecoBank, on the other hand, closed the session down 3.6 percent to EUR14.47 per share. Of note, JPMorgan cut its target price to EUR17.10 from EUR17.20 with 'overweight' title.

On the cadet segment, Digital Value rallied 1.9%, in its third bullish session.

Cembre also had a good session, closing in the green by 2.2%, threading its fourth bullish candle session in a row.

Carel Industries, on the other hand, closed by giving up 6.6 percent, following Monday night's 3.9 percent green.

For Salvatore Ferragamo, on the other hand, the red was 4.8 percent to EUR5.88 per share, after a 1.0 percent gain on the eve of the session.

Safilo Group -- down 1.5 percent -- announced Tuesday that it had bought 400,000 shares in the company between Nov. 11 and 15 for a total value of EUR370,000 or so. As a result of these purchases, the company holds 10.6 million ordinary shares of Safilo Group, or about 2.6 percent of the outstanding shares.

On the Small-Cap, good purchases on Seri Industrial, which closed bullish by 7.8 percent on the heels of the previous session's gain that closed with a plus 6.9 percent.

Seco, on the other hand, rallied 4.8 percent to EUR1.64, following the previous session's 2.4 percent green.

FNM, on the other hand, picked up 1.6 percent. The company approved its plan to 2029. The plan targets revenue growth from EUR618.0 million in 2024 to EUR850.0 million in 2029 and Ebitda of EUR320.0 million, and average annual net income of EUR60-65 million. The company plans to maintain a sound financial structure, ensuring a dividend per share between 2.3 and 3.2 cents, with a dividend yield between 5.2 percent and 7.2 percent.

Great Journeys closed bearish by 4.1 percent, after the previous session's 7.3 percent green.

Among SMEs, GM Leather brought home a plus 7.9%, ringing up its third bullish session.

Edil San Felice -- in the green by 3.1 percent -- reported Tuesday that the RTI formed by Fenix Consorzio Stabile Scarl -- of which Edil San Felice is a member -- and AVR Spa, has been awarded a contract worth a total of EUR40.5 million, of which EUR24.3 million is the company's direct responsibility. The assignment, part of a four-year framework agreement, calls for extraordinary maintenance work on the A14 Bologna-Taranto freeway, along the section managed by the Pescara 7th Stretch Directorate.

Reway Group -- in the red by 0.3 percent -- on Tuesday reported that its subsidiary Gema has been awarded a new contract worth about EUR39 million for infrastructure upgrading and extraordinary maintenance works on a bridge located in Pavia on the Milan-Genoa railway line. In detail, the works, awarded by Rete Ferroviaria Italiana (RFI), will last for 2 years, with start-up scheduled for March 2025.

In Asia, the Nikkei closed Wednesday down 1.1 percent, the Hang Seng was in the green by 0.1 percent while the Shanghai Composite finished in the red by 0.2 percent.

In New York on Tuesday, the Dow closed down 0.7 percent, the Nasdaq finished 2.2 percent in the red, and the S&P 500 gave up 1.3 percent.

Among currencies, the euro changed hands at USD1.0587 from USD1.0586 in Tuesday's European equities close. The pound is worth USD1.2686 versus USD1.2674 on Tuesday evening.

Among commodities, Brent crude is worth USD73.33 per barrel from USD72.89 per barrel Tuesday night. Gold trades at USD2,632.55 an ounce from USD2,624.82 an ounce Tuesday night.

On Wednesday's macroeconomic calendar, at 1100 CET, space is given to the Eurozone construction output report.

From the US, at 1300 CET, eyes on the mortgage report. At 1400 CET, on the other hand, the number one of the ECB, Christine Lagarde, will speak.

At 1630 CET, from the US, focus on the Cushing inventory report and EIA weekly stocks.

Among companies, MFE-MediaForEurope will release its nine-month results.

By Antonio Di Giorgio, Alliance News reporter

Comments and questions to redazione@alliancenews.com

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