(Alliance News) - On Thursday, the Mib is advancing in the 30,400 area at mid-session, in line with the performance of its European peers, ahead of the crucial U.S. inflation report expected later in the day to provide information on the trajectory of the Federal Reserve's interest rate cut.
Italy's decline in industrial production is accentuated in November, with the annual and monthly data deteriorating from the previous month, Istat reported Thursday. Italy's industrial production fell 1.5 percent on a monthly basis in November after falling 0.2 percent in October. On a year-over-year basis, November's 3.1 percent drop followed October's 1.1 percent decline.
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Thus, the FTSE Mib is advancing 0.2 percent to 30,496.12.
In Europe, London's FTSE 100 is advancing 0.1 percent, Paris' CAC 40 is up 0.2 percent, and Frankfurt's DAX 40 is advancing 0.3 percent.
Among the smaller listings, the Mid-Cap is advancing 0.2 percent to 44,338.67, the Small-Cap is up 0.2 percent to 27,492.54, and Italy Growth is down 0.1 percent to 8,260.77.
On the Mib, Iveco confirms the good form seen since the bell rang, leading the list with a 6.7% gain, in its sixth bullish session.
Good trades also on Ferrari, which raises the price bar by 2.0% with new price at EUR323.20.
DiaSorin, on the other hand, is advancing 1.7 percent after falling 0.6 percent in the previous session.
Goldman Sachs raised Brunello Cucinelli's target price to EUR112.00 from EUR90.00, with the stock up 1.5%.
Banco BPM - in red money with 0.6 percent - announced on Wednesday that it had completed a new EUR750 million issue of a green senior bond with a six-year maturity and the possibility of early redemption in January 2029. Orders exceeded EUR3.2 billion, four times the amount issued and with requests from 200 investors.
Also on a negative note was Moncler, which posted minus 0.2 percent, pulling the oars in the boat after three bullish sessions.
On the MidCap, Alerion is raising the bar by 1.5 percent, with the company continuing its regular share buyback. Most recently, it reported that it purchased its own ordinary shares - between January 2 and 5 - for a total value of EUR169,000 or so.
GVS also ranks well, advancing 1.7 percent to EUR5.45 per share after a 2.0 percent decline on the eve.
Boost also on Technogym, which shows a bullish candle of 1.5% after Wednesday evening's 0.6% decline.
Tinexta is advancing 0.7%, after declining by the same percentage on eve.
Goldman Sachs cut Salvatore Ferragamo's target price to EUR11.80 from EUR13.60. The stock is giving up 0.6 percent to EUR11.49.
At the tail end, d'Amico is closing the segment, red by 1.5 percent, doo the eve's decline of 1.4 percent.
On the SmallCap, Caleffi is advancing 4.3%, pointing to its fourth consecutive bullish session.
Il Sole 24 Ore is advancing 4 percent, following a 0.9 percent redline on eve.
Good buys also on Autostrade Meridionali, which is advancing 1.0% bringing its weekly basis assets to 19%.
Class Editori also trades well, moving ahead 3.8%, in position for the bullish quatern.
Among SMEs, Copernicus is advancing 8.3%, after two bearish sessions.
Energy is pushing ahead 2.2 percent, following a 2.7 percent green eve.
ConstructionAcrobatic--up 2.3 percent--reported Thursday that the number of contracts signed during 2023 increased 48 percent, from 17,925 contracts in 2022 to 26,550. This result reflects the sharp growth in the number of clients, which registered a year-on-year increase of 100 percent.
Growens--declining 0.4 percent--reported on Wednesday fourth quarter 2023 CPaaS business line sales and SaaS business line annual recurring revenues as of December 2023.
In New York on European night, the Dow rose 0.5 percent, the Nasdaq picked up 0.8 percent, and the S&P 500 rose with 0.6 percent.
Among currencies, the euro changed hands at USD1.0965 against USD1.0954 recorded in Wednesday's European stock close while the pound is worth USD1.2741 from USD1.2722 last night.
Brent crude is worth USD77.89 per barrel versus USD77.48 per barrel at Wednesday's close. Gold, meanwhile, trades at USD2,031.95 an ounce from USD2,030.25 an ounce last night.
On Thursday's macroeconomic calendar, overseas, continued U.S. unemployment claims and inflation data are released at 1430 CET.
By Maurizio Carta, Alliance News reporter
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