Sparkling start to the session in Piazza Affari with money pouring in a bit across all divisions.

Tokyo Stock Exchange also runs, which closed at two-month highs on expectations of the next rate cut by the Fed next week.

Today, meanwhile, is ECB day: the market is taking a 25 basis point rate cut and indications of further easing for granted. The eurozone economy is showing signs of strong weakness amidst the looming threat of tariffs from the United States. Investors do not expect particular news from Chairwoman Lagarde's press conference following the rate statement.

The board of the Swiss Central Bank also meets this morning. A 25 basis point rate cut is also expected from the Swiss central bank at today's meeting, according to economists surveyed in a Reuters poll.

In Milan, around 9:30 a.m., the Ftse Mib rose 0.54 percent.

Brunello Cucinelli stands out above the rest with a 4.6 percent jump after an upward revision of its sales guidance for 2024 thanks to strong sales performance in recent months that ranged from 11 percent to 12 percent, from a previous sales estimate of 10 percent. The increase in estimates positively affects the entire luxury sector: Ferragamo rises 1.3 percent, Moncler 1 percent.

On the banking front, big Intesa and Unicredit rise between 0.30-0.40%. Banco Bpm rises 0.44% to new multi-year highs at 7.854 euros. Mps also good at +0.6% on highs since September 2022.

Cues on Pirelli, which advances 2.3% boosted by press rumors that, Camfin is working on a maxi-refinancing to equip itself with the necessary ammunition to grow further in Pirelli's capital, in which it already holds 26.1%.

Outside the basket initial flare-up for Juve after its Champions League win yesterday against Manchester City with the stock rising 2.9%.

In the oil sector Eni advances 0.6 percent, better Saipem with +1.4 percent.

(Giancarlo Navach, editing Stefano Bernabei)