(Alliance News) - Piazza Affari closed Friday's session lower, after spending much of the day above par and driven into the red by banks.

The U.S. economy -- in the Non Farm Payrolls data -- added 175,000 jobs in April.

The figure is decelerating from the upwardly revised 315,000 jobs added in March and below market expectations of a 243,000 increase. The data were released Friday by the Bureau of Labor Statistics.

In Milan, the FTSE Mib closed down 0.3 percent to 33,629.21, the Mid-Cap rose 0.1 percent to 47,307.20, the Small-Cap gained 0.5 percent to 29,048.83, and Italy Growth lost 0.2 percent to 8,217.40.

In Europe, London's FTSE 100 closed up 0.4 percent, Paris' CAC 40 rose 0.5 percent as did Frankfurt's DAX 40.

On the Mib, boost on Brunello Cucinelli, which advanced 3.0%, rearing its head after three bearish sessions and confirming itself as a best performer since the bell rang.

High quarters also for STMicroelectronics, which moves up 2.6%, reversing course after a four-session bearish mini-trend.

Banks are in the red, with Intesa Sanpaolo down 3.1 percent despite reporting first-quarter earnings of EUR2.30 billion, up 18 percent from EUR1.96 billion and in line with its EUR8 billion target for the year.

Net operating income is EUR6.73 billion, up 5.6 percent from EUR6.37 billion in Q4 2023 and up 11 percent from EUR6.06 billion in Q1 2023. Operating income amounted to EUR4.16 billion from EUR3.52 billion in Q1 2023.

As for capital ratios as of March 31, the Common Equity Tier 1 ratio was 13.3% from 13.7% at the end of 2023 and 13.2% pro forma deducting the buyback; the Tier 1 ratio was 15.9% from 16.3% at the end of 2023 and 15.7% pro forma deducting the buyback while the total capital ratio was 18.9% from 19.2% at the end of 2023, 18.6% pro forma deducting the buyback.

Also down are Banca Monte dei Paschi, down 5.0%, and BPER Banca, down 2.9%.

On the Mid-Cap, Digital Value rises 3.0%, in its fifth bullish session and ranking as the list's best.

Good buys also on Juventus FC, which is up 3.3%, on the heels of eve's 2.4% rise.

Good session also for Piaggio, with the Vespa company pricing itself bullish by 0.5 percent.

Among the bearish, Comer Industries gave up 1.2 percent, heading for the third session in a row to end with a negative balance.

On the Small-Cap, Itway advances 5.5 percent, bringing its weekly basis assets over 15 percent.

Seri Industrial advances 4.4 percent, rebounding after two heavy bearish sessions. On Tuesday it reported that during the first quarter 2024 it posted revenues of EUR43.4 million with a slight decrease of EUR237,000 from the previous reporting period.

Edison--which shares only savings shares--dropped 0.3 percent after reporting a EUR322 million profit in the first quarter of the year from EUR288 million in the same period of 2023, thanks, in particular, to an increase in renewable production and good sales performance of Edison Energia.

Revenues amounted to EUR4.07 billion from EUR6.10 billion in the first quarter of the year before. Energy demand in Italy increased by 0.7 percent year-on-year and gas demand fell by 4.0 percent. On the other hand, the decline in sales revenues was due to the reduction in the price scenario, despite the positive performance of sales volumes.

Among SMEs, Alfonsino gives up 3.2% after the double-digit profit with which it ended the eve.

E-Globe, on the other hand, rises 2.6 percent. The company on Friday announced that it has signed a binding agreement to acquire 100 percent of the Spanish company Bayona Petit Tradex Consulting, active in the air conditioning sector and owner of the www.climamarket.eu brand.

The binding agreement calls for the purchase by E-Globe of 100 percent of Bayona's share capital - 98.80 percent sold by partner Enrique Martinez Bayona and 1.20 percent by partner Xenia Pages Petit - at a price of EUR3 million, partially financed through recourse to the banking channel and the remainder with equity.

On the bottom, Alfio Bardolla brings the price to the EUR2.99 area, down 4.5%.

Askolla EVA advances 3.3% after a change at the top management. Indeed, the company announced Tuesday that it had appointed Luca Bolcati as the company's new chief executive officer effective immediately. The board also appointed Luca Bolcati as the company's investor relator.

In New York, the Dow is up 0.9 percent to 38,566.75, the Nasdaq is up 1.6 percent to 16,096.32, and the S&P 500 is up 0.9 percent to 5,107.95.

Among currencies, the euro changes hands at USD1.0747 from USD1.0698 on Thursday in closing European equities while the pound is worth USD1.2549 from USD1.2500 on Thursday evening.

Among commodities, Brent crude is worth USD83.61 a barrel from USD83.12 a barrel Thursday evening and gold trades at USD2,292.05 an ounce from USD2,304.56 an ounce Thursday evening.

Monday's macroeconomic calendar features China's services PMI, at 0345 CEST, ahead of the same data from Spain, Italy, France, Germany and the Eurozone, coming between 0915 CEST and 1000 CEST.

From the eurozone, eyes also on producer prices at 1100 CEST, half an hour after the Sentix index on investor confidence.

From the U.S., eyes on the Fed's Barkin and WIlliams speeches in the afternoon and domestic vehicle sales data at 1600 CEST.

Of note, the week will open without trading in Tokyo and London due to Children's Day in Japan and the May bank holiday in the UK.

Among companies in the Piazza Affari, results from Amplifon, Anima Holding, Monte dei Paschi, and UniCredit, among others, are expected.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

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