(Alliance News) - Piazza Affari recovered some of the previous day's losses on Wednesday, with banks leading the rises on a day when few stocks paid duty on the stock market.

The FTSE Mib closed Wednesday up 0.7 percent to 33,632.71, the Mid-Cap lost 0.1 percent to 46,264.84, the Small-Cap gained 0.1 percent to 27,784.43, and Italy Growth rose 0.1 percent to 8,012.84.

In Europe, London's FTSE 100 closed up 0.5 percent, Paris' CAC 40 rose 0.8 percent and Frankfurt's DAX 40 gained 0.2 percent.

On the Mib, the head of the list is for Banca Popolare di Sondrio, which closed up 5.7 percent after an eve's red of 2.4 percent.

Banca Monte dei Paschi di Siena -- up 2.0 percent -- announced that it has completed the placement of a EUR750 million 5-year covered bond issue. As the company explains, this is the first European covered bond issue carried out by the bank after the transposition of the European harmonization directive on covered bonds. In detail, orders exceeded EUR2.3 billion with coupon at the 3.5 percent level and at a re-offer price of 99.919 percent.

Banco BPM saw its target price increased by Deutsche Bank to EUR6.50 from EUR6.10. The stock closed trading up 2.0 percent.

Among the few bearish performers, Recordati traded down 0.8 percent and Leonardo lost 1.7 percent, the subject of profit-taking after a bullish five-way rally.

On the Mid-Cap, SAES Getters rose 4.5 percent after the 1.4 percent red on eve. Worth mentioning is that last week the compnay let it be known that the board of directors authorized to proceed with the signing of a binding Share Purchase Agreement for the acquisition of 100 percent of the share capital of FMB Feinwerk- und Meßtechnik GmbH, now owned by majority shareholder Uwe Schneck, minority shareholders Ingmar Lehmann and Jens Rekow, and Mardi Beteiligungs GmbH & Co.

d'Amico gained 3.4 percent to EUR6.43, turning upward after two bearish sessions. The company announced Wednesday that its operating subsidiary, d'Amico Tankers, has entered into a construction contract with Jiangsu New Yangzi Shipbuilding, China, for the purchase of two new 'Long Range' tankers at a contract price of USD55.4 million each. The company expects these two new ships to be delivered in September and November 2027, respectively.

ENAV - up 0.6 percent - announced Wednesday that it has been awarded a contract worth EUR720,000 with Fiji Airports for the supply, installation, testing and commissioning of the CRONOS platform and the Aeronautical Message Handling System (AMHS), two advanced tools for aeronautical information management and exchange.

At the back of the pack, Alerion confirmed the bearish trend with which it opened the session, giving up 1.8 percent after the eve's rise closed with a plus 1.6 percent.

On the Small-Cap, Seri Industrial rose 11 percent after three sessions closed with a bearish candle.

Eems, on the other hand, gained 2.7 percent after a 0.4 percent rise in the previous session.

KME Group rose 3.0 percent while Alkemy gained 1.4 percent. The stock on the MarketScreener platform, on the average of two analysts, is priced with a fair value at EUR16.00, making it about 44 percent underpriced.

Among the SMBs, Confinvest closed flat after four bullish sessions in a row.

Among the bearish, Impianti lost 1.7 percent while Culti Milano gave up 4.7 percent, reversing course after two bullish sessions.

In New York, the Dow is down 0.1 percent to 37,770.62, the Nasdaq gives up 0.2 percent to 15,827.44 and the S&P 500 is up slightly to 5,052.93.

Among currencies, the euro changes hands at USD1.0636 from USD1.0634 on Tuesday in closing European equities while the pound is worth USD1.2451 from USD1.2448 on Tuesday evening.

Among commodities, Brent crude is worth USD89.24 a barrel from USD89.83 Tuesday night and gold trades at USD2,390.63 from USD2,368.01 last night.

Thursday's macroeconomic calendar includes EU and UK car registration data at 0800 CET, while Eurozone current account numbers will arrive at 1000 CET. Eurozone construction output will arrive at 1100 CET.

China's foreign direct investment will be released at 1200 CET, the time when EU and Eurogroup leaders will meet.

In the afternoon, at 1430 CET, space will be given to U.S. jobless claims ahead of home sales by an hour and a half. Later in the day, several members of the Federal Reserve, European Central Bank and Bundensbank will speak. At 2230 CET, the Fed's balance sheet will be released.

Among the companies in Piazza Affari, the accounts of Bialetti Industrie and Dotstay are expected.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

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