(Alliance News) - The Mib is down 0.4 percent on Friday, underperforming other European exchanges, which are instead on a bullish path, following Wall Street's overnight rally as signs emerged from Washington that a deal on the U.S. debt ceiling would be approaching.
On the domestic front, consumer and business confidence in Italy worsened in May, according to the results of an ISTAT survey released Friday. Business confidence declines after two consecutive months of growth with a more pronounced decline in construction.
The consumer confidence index, on the other hand, falls back to last March's level. Again, the index summarizes a widespread deterioration in opinions, Istat explains.
Thus, the consumer confidence index fell to 105.1 in May from 105.5 points in April while the business confidence index worsened to 108.7 points from 110.4 in the previous month.
Thus, the FTSE Mib, marks a decline of 0.8 percent to 26,195.13 points.
Mid-Cap is down 0.4 percent to 41,720.75, Small-Cap is down 0.6 percent to 27,401.51 while Italy Growth gives up 0.1 percent to 9,108.00.
In Europe, London's FTSE 100 is down 0.1 percent, Paris' CAC 40 is down 0.2 percent and Frankfurt's DAX 40 is in the red by 0.3 percent.
On the main index in Piazza Affari, Banca Monte dei Paschi steps back 2.8% to EUR2.03 per share.
Generali, on the other hand, retreats 2.4 percent, with new price in the EUR17.52 per share area after eve's gain of 0.5 percent.
STMicroelectronics advances 0.8% to EUR39.49 per share, rearing its head after three sessions ended among the bearish.
CNH Industrial, on the other hand, rises 0.2 percent. The company reported that it bought back some 555,000 of its own ordinary shares between May 15 and 17 for a total value of EUR7.1 million.
On the cadet segment, it trades well LU-VE, which is picking up 2.4 percent on the heels of the 1.2 percent green of the eve.
Maire - down 0.9 percent - announced Thursday that it has signed a new EUR40 million loan agreement with BPER Corporate & Investment Banking, backed for 80 percent of the amount by a guarantee granted by SACE Spa, in order to further strengthen the group's financial structure.
OVS's buyback program continues. The company announced that it bought back nearly 202,000 ordinary shares between May 18 and May 24, 2023, for a total value of just under EUR525,000. The stock currently trades down 1.5 percent.
At the tail end is MFE,whose class B shares mark minus 2.5 percent after a 0.5 percent gain on the eve.
doValue, on the other hand, gives up 2.0%. On the stock it is mentioned that Citadel Advisors on Wednesday cut its short to 0.48% from 0.55%.
On the Small-Cap, Eukedos advances 5.8% to EUR1.19 in its third session on the bullish side.
Next Re, on the other hand, advances 4.1%, with the stock heading for its third session to close on the bullish side.
Tesmec - in the red by 2.6 percent - reported Friday that Cerved Rating Agency, an Italian agency specializing in assessing the creditworthiness of non-financial companies, confirmed the company's "B1.2" solicited rating assigned to the company.
Trevi Finanziaria Industriale--declining 2.4 percent--reported Thursday that its Trevi and Soilmec divisions won contracts and orders worth a total of EUR216.2 million in the first four months of 2023. Thanks to these acquisitions, the group's order backlog as of April 2023 stands at EUR591 million.
Among SMEs, Fenix Entertainment is advancing well, marking a plus 11 percent with price at EUR0.1320 pending the results to be published for today.
Good purchases also on Digital Magics, which advances with 2.0% turning positive after four sessions down.
Alfonsino, on the other hand, gives up 4.8 percent, on the heels of the eve's close with a plus 7.3 percent.
In New York on European night, the Dow closed in the red by 0.1%, the Nasdaq rose 1.7%, and the S&P 500 closed in the green by 0.9%.
In Asia, with Hong Kong closed for holidays, the Nikkei rallied 0.4 percent, as did the Shanghai Composite.
Among currencies, the euro changed hands at USD1.0730 against USD1.0726 on Thursday in closing European equities. In contrast, the pound is worth USD1.2353 from USD1.2336 last night.
Among commodities, Brent crude is worth USD76.46 per barrel versus USD76.64 per barrel last night. Gold, on the other hand, trades at USD1,952.46 an ounce from USD1,945.60 an ounce last night.
On Friday's macroeconomic calendar, from the US at 1430 CEST, will come the durable goods order, consumer spending price index, PCE price index and personal consumption.
By Maurizio Carta, Alliance News reporter
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