(Alliance News) - The Mib rose to around 40,600 on Friday, reaching its highest level since October 2007, heading for its fifth consecutive week of gains and following the positive trend of European stock markets.

On the domestic front, Italy's annual inflation rate remained unchanged from the previous month, standing at 1.9% in April, slightly down from the preliminary estimate of 2.0% and slightly below market expectations, which were also 2.0%.

As a result, the FTSE Mib is up 0.5% at 40,637.59 points.

The FTSE 100 in London is up 0.5%, the CAC 40 in Paris is up 0.3%, while the DAX 40 in Frankfurt is up 0.4%.

Among the smaller indices, the Mid-Cap is up 0.8% at 54,190.10, the Small-Cap is up 0.3% at 30,978.04, while the Italy Growth is down 0.1% at 7,902.17.

Back in Milan, Leonardo is up 2.4% at EUR48.43 per share, on its fourth session of gains.

Campari is also performing well, with its share price up 1.3% to EUR5.91 after a marginal gain the previous day.

Eni, up 0.9%, announced on Friday the launch of a new share buyback program, authorized by the shareholders' meeting on May 14. The program involves the purchase of up to 315 million shares, equal to approximately 10% of the share capital, for a maximum outlay of EUR 1.50 billion, which may be increased to EUR 3.5 billion depending on the performance of cash flow from operations.

Moody's Ratings has upgraded Telecom Italia's rating by 1.9%, raising its long-term corporate family rating from Ba3 to Ba2 and confirming its stable outlook. The probability of default rating has improved to Ba2-PD from Ba3-PD, while the senior unsecured debt ratings have been upgraded to Ba2 from Ba3, including those issued by subsidiaries Telecom Italia Capital and Telecom Italia Finance.

Interpump Group - up 1.2% - announced on Thursday that it closed the first quarter with a net profit of EUR 57 million, down 16% compared to EUR 67.6 million in the same period of 2024.

On the Mid-Cap, among the few decliners is RCS, which is down 2.1% after two bullish sessions, bringing the price to around EUR1.14.

MARR advanced 5.9%, recovering after two sessions of declines, with a price of EUR10.26 per share.

Ferretti - up 2.0% - announced on Friday that it closed the first quarter with a net profit of EUR 23.9 million, up 7.7% compared to EUR 22.2 million in the same period last year. Net revenues from new business - excluding the used boat business - amounted to EUR 328.5 million, up 5.0% compared to EUR 313 million in the first quarter of 2024, supported by a higher contribution from the Made-to-measure and Super yachts segments.

Iren's board of directors - up 1.3% - approved the consolidated results for March 31 on Thursday, closing with a net profit attributable to shareholders of EUR136 million, up 8% compared to the same period last year. Consolidated revenues as of March 31, 2025, amounted to EUR 2.09 billion, up 34% year-on-year.

The board of Tamburi Investment Partners - up 1.5% - on Thursday approved the consolidated interim management report as of March 31, closing with a pro forma consolidated net profit of EUR 6.6 million, compared to a pro forma profit of approximately EUR 29.4 million in the previous year.

Banco di Desio e della Brianza, up 0.9%, announced on Thursday that Fitch Ratings had raised its Long-Term Issuer Default Rating to 'BBB-' from 'BB+', thus assigning the bank investment grade creditworthiness with a stable outlook. The Viability Rating was also upgraded from 'bb' to 'bbb-', while the short-term rating was raised to 'F3'.

In the Small-Cap segment, Digital Bros took the lead with 4.3%, after two sessions closed in negative territory.

Tinexta - up 4.3% - announced on Thursday that it closed the first quarter with a net loss of EUR 2.7 million, compared to EUR 3.1 million at March 31, 2024, while adjusted net income from continuing operations amounted to EUR 3.7 million. Revenues for the three months amounted to EUR 115.5 million, up 17% from EUR 98.4 million in the same period last year.

Aquafil rose 3.9% after two sessions of decline, with a price of EUR1.36 per share.

Eurotech, up 0.5%, reported a net loss of EUR 5 million for the first quarter, worse than the EUR 4.2 million loss recorded in the same period last year.

EEMS Italia - down 0.8% - announced on Friday that it closed the 2024 financial year with a net loss of EUR 2.7 million, an improvement on the loss of EUR 3.0 million recorded in 2023. Revenues stood at EUR 649,000, down from EUR 1.2 million in the previous year. Taking into account other operating income, total revenues and income reached EUR 2.2 million, up from EUR 1.2 million in 2023.

Among SMEs, Compagnia dei Caraibi is taking a step back of 5.7% to EUR0.2810 per share, after two bullish sessions.

Finance for Food, on the other hand, is down 4.5%, after two sessions closed higher and with a price in the EUR2.04 per share range.

Further back, ATON Green Storage is down 3.2%, after two sessions in positive territory and with a price of around EUR 2.13.

Circle, up 3.9%, announced on Thursday that it had closed the first quarter with consolidated production value of EUR 5.8 million, up 59% from EUR 3.6 million as of March 31, 2024. The group's multi-year backlog rose to EUR 29.6 million from EUR 28.5 million as of December 31, 2024.

Green Oleo - up 6.9% and leading the index - announced on Thursday that it closed the first quarter with a production value of EUR 20.8 million, up 15% from EUR 18.1 million in the same period of 2024. The increase was supported by a slight improvement in sales revenues and a positive change in inventories linked to the general increase in prices.

In New York last night, the Dow gained 0.7%, the Nasdaq lost 0.2%, while the S&P 500 is up 0.4%.

In Asia, the Nikkei closed flat, the Shanghai Composite lost 0.4%, while the Hang Seng closed down 0.5%.

Among currencies, the euro is trading at USD 1.1200 from USD 1.1180 on Thursday evening, while the pound is trading at USD 1.3293 from USD 1.3284 yesterday evening.

Among commodities, Brent crude oil traded at USD 64.60 per barrel from USD 61.27 per barrel last night, while gold traded at USD 3,209.95 from USD 3,218.71 per ounce last night.

Friday's macroeconomic calendar includes data on building permits, building permits issued, and export and import prices from the US at 2:30 p.m. CEST.

At 5:00 p.m. CEST, ECB board member Lane is scheduled to speak.

The day ends at 7:00 p.m. CEST with weekly data from Baker Hughes in the US.

By Maurizio Carta, Alliance News reporter

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