Tonic start in Piazza Affari, in its fifth consecutive positive session. Other European markets also positive.

At the macro level in the eurozone, the focus will be all on the November services and composite Pmi, after data showed the alarming deepening of the manufacturing contraction.

In the U.S., pending Friday's nonfarm payrolls data, the Adp private sector employment statistic will be released today, which, according to the consensus, is expected to show an increase of 150,000 jobs in November compared to more than 230,000 in the previous month. Jolts data yesterday showed an increase in job openings in October and, at the same time, a decrease in layoffs.

In Milan, around 9:50 a.m., the Ftse Mib is up 0.97 percent.

It rips Campari with a 4.6 percent jump after the appointment of new CEO Simon Hunt starting next January 15 who will fill the role left by the previous one, Matteo Fantacchiotti, last September 18. According to one trader, Hunt's name is what the market expected.

Money also on Stellantis at +0.5 percent with the stock having a flare-up at the start on press rumors pointing to Luca Maestri as the new Ceo, replacing Carlos Tavares; a name that was denied by a spokesman for the automotive group.

Always well collected banks with big Intesa and Unicredit up 1 and 1.3 percent respectively. The rally of Pop Sondrio, which jumps another 2 percent, also did not stop today. Banco Bpm, subject to takeover bid by Unicredit, up +2% after touching a new high since late January 2026 at 7.42 euros.

Money also on the oil sector with Saipem at +0.9% and Eni at +1.1%.

Finally, weak Ariston, which retreats 0.33% after Barclays cut its target price to 3.81 euros from 5 and rating to "Equal weight" from "overweight."

(Giancarlo Navach, editing Stefano Bernabei)