(Alliance News) - The Mib continues to rise in the third session of the week, with the index reaching 39,400 points. In Milan, 8% of stocks are up, 11% are down, 3% are unchanged, while 78% of shares are still not trading, with a trading value of around EUR 615 million.
Among the macroeconomic data, it is worth noting that consumer inflation in the Eurozone was confirmed at 1.9% year-on-year in May, down from 2.2% in April and below the ECB's target of 2.0% for the first time since September 2024. The slowdown in prices was mainly driven by a sharp decline in services inflation, which fell to 3.2% from 4.0% previously—the lowest level since March 2022—signaling a cooling of the most persistent component of the basket.
The core figure, which excludes volatile food and energy components, slowed to 2.3% - the lowest since January 2022 - reinforcing the hypothesis of a disinflationary environment now underway in the eurozone.
The FTSE Mib is thus up 0.3% at 39,463.47 points, with a put/call ratio of 1.86.
The Mid-Cap is down 0.1% to 53,540.33, the Small-Cap is up 0.6% to 31,011.94, and Italy Growth is up fractionally to 8,081.45.
Among the major European financial markets, the FTSE 100 in London advanced 0.2%, the CAC in Paris rose 0.1%, while the DAX 40 in Frankfurt moved just below parity.
On the Mib, Telecom Italia continues to perform well, advancing 2.2% to EUR0.3972, its third bullish candle.
Saipem is also up 1.8% in its third session in positive territory.
Brunello Cucinelli is up 0.7%, also heading for its third session in positive territory.
UniCredit, up 0.9%, announced that it has issued a 12-year Tier 2 subordinated bond, callable after seven years, aimed at institutional investors. The amount issued is EUR1 billion for what is the first Tier 2 issue of 2025 and will pay a fixed coupon of 4.175% until June 2032, based on an issue price of 99.9%, equivalent to a spread of 180 basis points over the mid-swap reference rate.
Iveco, on the other hand, fell 1.8% to EUR15.70 per share, after losing 1.1% in the previous session.
Pirelli, down 0.5%, announced that its shareholder Camfin has submitted an updated extract of the shareholders' agreement relating to the company. According to Camfin, the document confirms that there is no entity capable of exercising control over Pirelli, and the assessment takes into account the outcome of the shareholders' meeting on June 12, where the 2024 financial statements were approved with 57.1% of votes in favor and 42.9% against, corresponding to MPI Italy's stake.
On the Mid-Cap, Webuild is up 1.5%, recovering after four sessions with bearish candles.
NewPrinces is up 1.2% at EUR16.90 per share, recovering after four bearish sessions.
Technogym, on the other hand, rose 1.2%, its third consecutive bullish candle.
OVS, up 1.2%, announced on Tuesday that it closed the first quarter with a slight increase in revenue year-on-year, to EUR 354 million from EUR 352 million in the same period last year. Adjusted EBITDA fell slightly to EUR 28.1 million from EUR 29.7 million, due to the impact of inflation on operating costs.
On a negative note, among the many, TXT e-solutions is taking a step back of 1.2%, following yesterday's 0.7% loss.
Alerion fell 1.6%, following the previous day's decline of 0.7%.
On the Small-Cap market, Beewize rose 6.1% to EUR0.4530, following the previous day's 2.4% gain, with the monthly figure still up 15%.
Digital Value rose 4.7%, its third session of gains. It should be noted that Voleon Capital Management cut its short position on the stock to 1.17% from 1.27% previously.
Geox, up 1.3%, announced on Tuesday that the capital increase approved in April had been fully subscribed, for a total value of EUR 29.9 million. 107.7 million new shares were issued, combined with the same number of warrants. Today alone, 6.8 million unopted rights were exercised, with the subscription of approximately 2.8 million new shares. The remaining 36 rights were guaranteed by the controlling shareholder, LIR Srl, which subscribed the last 15 shares.
Class Editori, on the other hand, sold 13% before going into volatility auction, following two bearish daily candles after the rally of the previous sessions.
Triboo lost 4.8%, after gaining 1.9% in the previous session. Since the beginning of 2025, the company has seen its market cap depreciate by more than a quarter.
Among SMEs, Impianti advanced 6.0%, after losing 0.9% in the previous session.
Cloudia Research advanced 1.9%, after a 1.9% decline the previous day.
DBA Group, up 0.7%, announced on Tuesday that it had launched a buyback program for up to 120,000 of its own shares. Specifically, the purchase price must be no less than 20% and no more than 20% of the reference price recorded by the stock on the previous trading day for each individual transaction.
Among the losers, Compagnia dei Caraibi fell 5.6% to EUR0.30, bringing its year-to-date loss to 40%.
ATON Green Storage fell 4.8% after two sessions in positive territory.
Among Asian markets, the Nikkei rose 0.9%, the Hang Seng closed down 1.1%, while the Shanghai Composite posted a fractional gain.
In New York last night, the Dow fell 0.7%, the Nasdaq fell 0.9%, while the S&P 500 took a step back of 0.8%.
Among currencies, the euro traded at USD 1.1504 from USD 1.1513 on Tuesday evening, while the pound traded at USD 1.3461 from USD 1.3502 yesterday evening.
Among commodities, Brent crude traded at USD 75.67 per barrel from USD 75.01 per barrel at the previous close, while gold was worth USD 3,381.03 per ounce from USD 3,387.47 per ounce the previous day.
On Wednesday, the economic calendar includes the release of data on mortgages, retail sales, and crude oil inventories in the US from 1:00 p.m. CEST onwards.
The highlight of the day is at 8:00 p.m. CEST, with the Federal Reserve's interest rate decision, followed by a press conference with Chairman Jerome Powell half an hour later.
By Maurizio Carta, Alliance News Reporter
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