(Alliance News) - The Mib moves bullishly in the 30,400 area on Thursday, albeit slowing down from its best start at the sounding of the bell, counter-trending with the performance of other European exchanges, stroking a 29 percent gain for the full year 2023.
Among the day's data, industrial production in Japan fell 0.9 percent month-on-month in November from a final growth of 1.3 percent in the previous month but below market estimates of a 1.6 percent drop, preliminary data released Thursday by Japan's Ministry of Economy and Trade showed.
This was the first decline since August, hurt by lower output of motor vehicles, electrical machinery and electronic information and communication equipment, and general purpose products and business-oriented machinery.
Year-on-year, industrial production fell 1.4 percent in November, the first decline in three months, and after a 1.1 percent increase in October.
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The FTSE Mib, thus, moves just above par at 30,425.26.
In Europe, London's FTSE 100 is in the red by 0.1 percent, while Paris' CAC 40 is down 0.2 percent as is Frankfurt's DAX 40.
The Mid-Cap is down 0.1 percent to 44,678.38, the Small-Cap is up 0.3 percent to 28,307.11 while Italy Growth is up 0.2 percent to 8,174.21.
On Milan's largest-capitalization list, Pirelli takes the top spot with a plus 1.0%, in its third bullish session.
High quarters also for Brunello Cucinelli, which is advancing 0.7 percent to EUR88.95 per share, following up on the eve's close with a plus 0.7 percent.
Another luxury stock shows up among the outriders: it is Moncler, which is advancing 0.4 percent with new price at EUR56.16 per share, after two sessions in the red.
Among the bearish, clear minority on the list, Banco BPM and BPER Banca, on the other hand, are giving up 0.7 percent.
On the Mid-Cap, De' Longhi is pushing ahead 1.2% to EUR30.74 per share, after 0.5% in the red in the previous session.
Also among the best is LU-VE, which scores a plus 0.9% to EUR23.10 per share after two sessions among the bearish.
Technoprobe is bullish with 0.7% to EUR8.76 per share, on its third session in the black.
Technogym--up 0.4 percent--reported Wednesday that it purchased 133,000 of its own ordinary shares between Dec. 18 and 22. The shares were taken over at an average unit price of EUR9.01, for a total value of EUR1.2 million.
Among the few bearish, d'Amico is closing 1.9 percent down after 3.4 percent green on the eve of the trading.
On the Small-Cap, Seri Industrial is advancing 2.6 percent to EUR3.59 per share after 7.9 percent green on eve.
Beghelli also moves well, carrying the bar up 3.3% with new price at EUR0.27.
Netweek, in the rear, is giving up 3.6 percent to EUR0.12 after eve's green with 3.8 percent.
Among SMEs, Cyberoo is advancing well, leading the way with 3.0%. As disclosed by the company in a note Thursday, after the opening of an office in Poland, "there are already three new partnerships signed and destined to lead the way in replicating the business model and Go to Market strategy successfully tested in Italy on this territory as well. Partnerships that have already started to give the first results with the signing of an important contract with a Polish client."
"The applied model resulting from past experiences confirms the goodness of the strategy. The new partner companies are CC Otwarte Systemy Komputerowe Sp. z o.o, Integrity Partners Sp. z o. o. and Prosystem SA," Cyberoo writes.
Convergences advances 2.2 percent to EUR1.41, positioning the snout toward its third session on the bullish side.
Fervi, on the other hand, advances with 4.2%, pointing to its third session on the upside.
At the tail end, in an uneventful list, H-Farm is giving up 7.6 percent with price at EUR0.1645.
In New York, on European night, the Dow closed in the green by 0.3 percent, while the Nasdaq up 0.2 percent as did the S&P 500.
Among currencies, the euro changed hands at USD1.1127 against USD1.1113 recorded in Wednesday's European stock close while the pound is worth USD1.2796 from USD1.2794 on Wednesday night.
Brent crude is worth USD78.85 per barrel versus USD79.91 per barrel at Wednesday's close. Gold, meanwhile, trades at USD2,077.83 an ounce from USD2,080.75 an ounce on Wednesday evening.
Thursday's macroeconomic calendar includes, from the US, at 1430 CET, unemployment claims and the trade balance. At 1700 CET it will be the turn of crude oil stocks, Cushing's invenario and the EIA report.
At 1730 CET, an auction of 4- and 8-week Treasury bonds is scheduled, while a 7-year Treasury bond auction is coming up at 1900 CET.
By Maurizio Carta, Alliance News reporter
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