Piazza Affari gets off to a strong start bolstered by new all-time highs touched yesterday by the Nasdaq and S&P500 and after the Tokyo Stock Exchange closed at three-week highs.

Few cues regarding the macro agenda in the euro area today, while attention will focus overseas where, starting this afternoon, will come updates on the employment market situation, considered crucial for the Fed's next choices.

It begins at 4 p.m. Italian time with the Jolts statistics on job openings in October--seen to rise marginally from the month before--to continue tomorrow with the Adp statistics on new private sector employment in November and conclude on Friday with the closely monitored payrolls.

In Milan, around 9:50 a.m. the Ftse Mib is up 1.4 percent to session highs.

Well-picked banks with big Intesa and Unicredit up 2 percent and 2.4 percent, respectively. Banco Bpm, subject to Ops by Unicredit, runs +1.6% after touching a new high since late January 2026 at 7.28 euros.

Rips Ferragamo with a jump of nearly 7% after yesterday's announcement of write-downs between 70-90 million euros in the 2024 budget, with no cash outlay, as the stock moves to all-time lows. Also running in the wake is Moncler, which advances 2.2%.

Stellantis rebounds +2% after yesterday's slide post announcement of Carlo Tavares' surprise exit as CEO.

Quieter today Nexi up 0.5%.

Oil well with Saipem up 2% and Eni up 1%. Terna retracts down 1%.

(Giancarlo Navach, editing Stefano Bernabei)