(Alliance News) - On Wednesday, European marketplaces closed mixed, with London and Paris in the red, while Milan and Frankfurt continued following the active path seen since the opening bell rang and further matching Wall Street's mildly positive trajectory, with the appetite for buying thus prevailing in trading desks even at the close of trading.

Of note, US Treasury bond yields fell significantly-with the T-Note below the 4.6 percent area-due to accommodative comments from Fed officials, who continue to provide strong indications of what could be further rate confirmation for November.

At the same time, producer prices rose more than expected last month, suggesting that pressures remain high. In fact, the producer basket increased by 0.5 percent on a monthly basis compared to forecasts that expected it to be 0.3 percent.

The FOMC minutes to be released in the evening, however, could offer further information on the Fed's plans for the end of the year, while the consumer price index report, which markets expect to slow slightly, is due tomorrow.

Also on the monetary policy side, as written in the opening, in the CME Group platform's FedWatch Tool, using futures also based on the actual federal funds rate, or EFFR, the rate confirmation at the Nov. 1 meeting has a 91 percent probability for the 525/550 bp range confirmation. In contrast, the 25 bps rise in the 550/575 bps target is priced at 9%.

As a result, the FTSE Mib advanced 0.4 percent to 28,419.06, the Mid-Cap gave up 0.3 percent to 39,423.63, the Small-Cap closed in the green by 0.4 percent to 25,560.84, and Italy Growth finished in the red by 0.3 percent to 8,053.25.

In Europe, London's FTSE 100 gave up 0.1 percent, Paris' CAC 40 gave up 0.4 percent, while Frankfurt's DAX 40 posted plus 0.2 percent.

On the main list of the Italian Stock Exchange, strength on Banca Monte dei Paschi stock, which is up 5.7 percent on the heels of eve's green, albeit by a more modest 0.5 percent. Of note, Marshall Wace raised its short on the stock to 0.96 percent from 0.86 percent.

High quarters see Iveco, which rises with 3.1%, on the heels of the eve's gain closed with a plus 3.2%.

Strength also on Saipem, which moves ahead 1.6% with new price at EUR1.4960. Of note, on the stock Jefferies raised the target price to EUR2.20 from EUR1.80 with 'buy' recommendation.

Also advancing well is BPER Banca, which moves ahead by 2.8 percent to EUR2.96, continuing upward after the green in the eve closed with a plus 3.7 percent.

Azimut Holding, on the other hand, advances 0.3 percent, after a 1.1 percent gain on the eve. The company Tuesday reported positive net inflows of EUR247 million in September, reaching EUR5.0 billion since the beginning of the year and with a full-year 2023 target of EUR6-8 billion, of which 60 percent or EUR3 billion was directed into asset management products.

DiaSorin, on the other hand, is back 3.4 percent, after 3.2 percent assets in the previous session.

Campari, on the other hand, is back 2.5 percent, which succeeds the 2.3 percent assets with which it closed the previous session.

On the cadet segment, Antares appreciates 4.2%, bringing its price to EUR2.99, rearing its head after a long bearish trend.

Banca Ifis, on the other hand, brings home a plus 1.9 percent with new price at EUR16.79. The stock during the session touched a new 52-week high at EUR16.96.

Maire Tecnimont advances well, marking a plus 2.9 percent. Of note, Fosse Capital Partners cut its short position on the stock to 0.7 percent from 0.95 percent previously.

At the back of the pack is Ariston Holding, however, which gives up 3.2% to EUR5.98 per share after last night's gain of 4.6%.

Seco, on the other hand, gives up 4.3 percent after a 1.4 percent profit on the eve of the day. The stock had previously come from four bearish sessions.

On the Small-Cap, Restart moves ahead 4.8%, rebounding after two bearish sessions in which it left over 12% on the sidelines.

Immsi, on the other hand, advanced 3.8 percent to EUR0.4620 per share, following a 1.7 percent gain in the previous session.

doValue closed up 0.8 percent. The company announced Monday that it will start with a 2.0 million-share buyback program. The shares, equal to 2.5 percent of the company's share capital, can be taken over by October 25, 2024, and at Friday's price of EUR3.59, the amount invested would be EUR7.2 million.

Caleffi also traded well, posting minus 3.1 percent after two sessions ended in the red.

At the tail end, Netweek marked minus 0.4 percent, in the wake of Tuesday's passive close of minus 1.1 percent.

Marked sales also on Seri Industrial, which gives up 8.5% with new price at EUR3.06 and with nearly 738,000 changed hands compared to a three-month daily average of just over 139,000.

Among the SMBs, Iervolino & Lady Bacardi advances 4.2% on the heels of the 1.7% green on eve.

Good momentum also on Clabo, which took home 6.9 percent. There is high trading volume on the stock, with more than 56,000 pieces changed hands compared to a 3-month daily average of about 19,100.

Edil San Felice - up 0.4 percent to EUR2.53 - announced Tuesday that it had completed the acquisition of all of the shares of Sogem Srl, a Campania-based company active in the restoration and maintenance of protected assets, for a total of EUR410,000.

At the tail end, High Quality Food gave up 4.8 percent, after eve's gain of 6.6 percent.

Planetel, on the other hand, gives up 4.7 percent, the subject of profit taking after two sessions in which it gathered a cumulative gain of more than 18 percent.

In New York, the Dow is just above parity, the Nasdaq is advancing 0.3 percent, and the S&P 500 is advancing 0.1 percent.

Among currencies, the euro changes hands at USD1.0615 against USD1.0606 recorded at Tuesday's European stock close, while the pound is worth USD1.2303 from USD1.2271 Tuesday evening.

Among commodities, Brent crude is worth USD85.97 per barrel from USD87.35 per barrel at Tuesday's close. Gold, on the other hand, trades at USD1,872.96 an ounce from USD1,859.00 an ounce Tuesday evening.

On Thursday's macroeconomic calendar, at 0800 CEST coming up the UK's PIl, industrial production, manufacturing production, and trade balance. At 1100 CEST Pill and Woods from the Bank of England will speak instead, while ten minutes later there will be an auction of BTPs with 3- and 7-year maturities. At 1300 CEST, on the other hand, Fabio Panetta of the ECB board will speak.

At 1430 CEST from the US it will be the turn of unemployment claims and the consumer price index. At 1700 CEST crude oil stocks and the EIA refineries report,. At 1730 CEST it will be the turn of the 4- and 8-week Treasury bond auctions, while at 1900 CEST there will be a 30-year maturity auction. Finally, at the same time, FOMC member Bostic will give a speech.

No special events are scheduled in the corporate calendar.

By Maurizio Carta, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Copyright 2023 Alliance News IS Italian Service Ltd. All rights reserved.