(Alliance News) - On Wednesday, the Mib closed up above 33,600, doing better than other European exchanges. The Old Continent's markets were weighed down by the dollar's rally and the Trump effect.

"European markets are under pressure again today but, in the U.S., the dollar rally is still strong," says Chris Beauchamp, Chief Market Analyst at online trading platform IG.

Rising yields are weighing on European stocks, particularly in continental Europe, with the CAC 40 and DAX 40 falling while the FTSE 100 is posting smaller losses.

According to IG's expert, political concerns related to the German elections and the fear of tariffs by President-elect Trump are aggravating the situation. In addition, the recent CPI figure has strengthened the dollar, raising expectations of parity with the euro.

Trump's election has increased the attractiveness of U.S. assets, pushing the dollar to new highs.

The FTSE Mib closed Wednesday up 0.3 percent to 33,707.52, the Mid-Cap gained 0.1 percent to 46,494.37, the Small-Cap lost 0.4 percent to 27,239.89, and Italy Growth gained 0.4 percent to 7,792.86.

In Europe, London's FTSE 100 gained 0.1 percent, Paris' CAC 40 lost 0.3 percent as did Frankfurt's DAX 40.

On the highest capitalization list in Piazza Affari, best performance for Prysmian, which ended the session 2.6 percent ahead.

Banca Monte Paschi di Siena did well, closing up 1.9 percent. As Corriere della Sera reported Wednesday, significant maneuvering is underway on the bank's shares, ahead of the sale of a new stake by the Treasury, which holds a 26.7 percent stake.

Between last week and Tuesday's session, trading volume amounted to 11 percent of the bank's capital.

Mediobanca, gained 0.8 percent, after leaving 8.1 percent on the floor in yesterday's session. The company Tuesday ended the first quarter with a net profit of EUR330 million from EUR351.3 million in the same period last year ended Sept. 30, 2023.

Enel up 0.4 percent - announced its decision to adopt the U.S. dollar instead of the Chilean peso, effective January 1, 2025, as Milano Finanza reported Wednesday.

Hera Spa down 1.7 percent--reported its approval of results for the first nine months, with adjusted net income of EUR312.1 million, up 17 percent from EUR267.1 million in the same period a year earlier. Revenues declined to EUR8.19 billion, down 25 percent from EUR10.96 billion in 2023.

Among the bearish performers was STMicroelectronics, which left 4.4 percent on the parterre and sits at the bottom, paying for profit-taking. Leonardo, on the other hand, gave up 1.3 percent and Iveco Group 1.5 percent.

On the Mid-Cap, De' Longhi did well - up 6.3% - after reporting Tuesday that it made a net profit of EUR173.8 million in the first nine months, up 22% from EUR142.2 million in the same period of 2023.

LU-VE in the red by 1.9 percent - closed the first nine months with revenues of EUR438.4 million, down from EUR464.4 million in the same period last year

Maire closed the session up 2.4 percent. On Wednesday, it announced that longtime partner Yousef Al Nowais had acquired a 5.0 percent stake in the share capital of its subsidiary NextChem, which recently won a contract in Mexico.

The board of Mondadori, which closed in the red by 3.0 percent, approved the interim report for the nine months ended September 30, with net income of EUR59.3 million, down from EUR66.3 million in the first nine months of 2023.

Rai Way down 0.6 percent - reported group net income for the first nine months of EUR70.5 million, up 1.0 percent from EUR69.8 million in the same period a year earlier. Core revenues for the nine months amounted to EUR206.5 million, up 1.1 percent from EUR204.1 million in 2023.

At the bottom of the list, among others, Technoprobe closed down 3.8 percent despite nine-month consolidated revenues of EUR386.9 million, up 26 percent from 2023.

On the Small-Cap, Landi Renzo up 38% - after the board set the terms of the capital increase to be offered under option to shareholders for up to EUR25 million including share premium.

Bialetti Industrie up 6.4 percent - after it reported results for the first nine months on Tuesday, recording consolidated revenues at EUR104.7 million, up 6.1 percent from the EUR98.7 million recorded in the same period of 2023.

Fiera Milano closed 3.2 percent in the red after reporting its first nine-month results, reporting net income from continuing operations of EUR15.6 million, up from EUR7.2 million in the same period a year earlier.

Immsi left 2.0 percent on the parterre after the release of its first nine months' figures, which recorded a consolidated net income before minorities of EUR34.3 million, down 41 percent from the EUR58.0 million recorded in the same period in 2023.

Il Sole 24 Ore board up 4.5 percent - approved its interim report for the nine months ended September 30 on Wednesday, closing with a positive net profit of EUR2.9 million compared to EUR5.0 million in 2023.

Somec up 2.1% - reported nine-month revenues of EUR270 million, down 3.6% from EUR280 million in 2023.

Caleffi flat at EUR0.70 per share - reported on Wednesday that it had consolidated group revenues for the first nine months at EUR35.1 million, down 14 percent from EUR40.7 million as of Sept. 30, 2023.

Among SMEs, excellent performance for OSAI Automation System, up 18 percent, and Execus, up 22 percent.

Poligrafici Printing flat at EUR0.35 per share - ended the first nine months with consolidated net income down to EUR1.0 million, down from EUR1.4 million in 2023.

SolidWorld up 15 percent very well-after the shareholders' meeting approved a share capital increase of up to EUR5.0 million.

On the bottom at the end of the session was Estrima, which gave up 11 percent.

In New York, the Dow is up 0.3 percent, the Nasdaq loses 0.1 percent, and the S&P 500 rises 0.1 percent.

Among currencies, the euro changes hands at USD1.0574 from USD1.0608 in Tuesday's European stock close. The pound is worth USD1.2718 versus USD1.2745 on Tuesday evening.

Among commodities, Brent crude is worth USD72.21 per barrel from USD72.27 per barrel Tuesday night. Gold trades at USD2,602.90 an ounce from USD2,605.55 an ounce Tuesday night.

On Thursday's macroeconomic calendar, we start at 0101 CET with UK house price data; at 0900 CET, Spain's inflation figure is expected.

For the Eurozone at 1100 CET, data on unemployment, gross domestic product, and industrial production are due; at 1330 CET, the ECB will release its minutes.

In the afternoon, from the US, at 14300 CET, it is time for data on jobless claims and the producer price index; at 1700 CET, also from the US, is the crude oil stocks data.

At 1830 CET, there is expectation for speeches by several members of the ECB, Fed and BoE.

It closes from the US at 2230 CET, with the Fed's balance sheet.

Among the companies in Piazza Affari, the results of Acea, Assicurazioni Generali, Fincantieri, Intermpump Group, and Webuild, among others, are expected.

By Antonio Di Giorgio, Alliance News reporter

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