(Alliance News) - Milan on Friday continued with a bullish trend, unlike other European stock markets -- except Paris -- where caution seems to reign. In fact, the euphoria recorded on the eve of the event, in the wake of the release of Nvidia's accounts that significantly pushed Wall Street, is subsiding.

In addition, European markets are also reckoning with confirmation of the slowdown in the German economy, with GDP falling 0.3 percent in the fourth quarter, despite the fact that the figure was widely expected.

Thus, the FTSE Mib, marks a green of 0.6 percent to 32,560.83.

In Europe, London's FTSE 100 moves fractionally lower, as does Frankfurt's DAX 40, while Paris' CAC 40 marks a plus 0.4 percent.

Among the smaller listings, the Mid-Cap is rising 0.1 percent to 45,877.43, the Small-Cap is in the red 0.4 percent to 27,862.86, and Italy Growth is in fractional green at 8,177.94.

On the Mib, Banco BPM confirms the good form seen since the bell rang, moving ahead 3.9% to EUR5.38 per share pointing to its fifth consecutive bullish candle.

Banca Generali carries the bar upward by 4.3%, in position for its third session to end in an uptrend.

Mediobanca, meanwhile, leads the bluechip list, advancing 4.7 percent with new price at EUR12.87 per share. Of note, the stock touched its new 52-week high at EUR12.90 at the opening.

On a negative note, among the segment's minority, ERG is giving up 1.0 percent with price at EUR24.86, on the heels of eve's 0.2 percent decline.

FinecoBank, on the other hand, is closing 1.1 percent in the red at EUR13.11 per share.

On the cadet segment, Salcef brings the bar up 3.0 percent, following eve's red with 0.9 percent.

In contrast, d'Amico advances 1.9% to EUR6.09 per share, after last night's bearish candle of 1.8%.

Good purchases also on Mondadori Editore, which brings the price up 1.4%, after a 1.4% loss in the previous session.

Brembo--in the highs in the green by 1.7 percent--reported Thursday that it has opened its first production site in Thailand. The investment of about EUR40 million reflects the group's strategy to expand its industrial presence globally and allows Brembo to seize new growth opportunities in Southeast Asia, the company explained in a note.

At the tail end, Maire Tecnimont gives up 2.2 percent, subject to progit taking after four sessions among the bullish.

On the Small-Cap, Class Editori advances well, moving ahead 2.4 percent with new price at EUR0.1050 targeting its third session on the bullish side.

Services Italy, on the other hand, advances 3.4 percent to EUR1.81 per share, heading to ring in its seventh session on the bullish side.

King of the list, however, is Netweek, which scores a plus 7.8 percent after two bearish sessions.

At the tail end, doValue is giving up 3.2 percent after three bullish sessions. The board of directors approved preliminary results as of Dec. 31, closing with a net loss, including nonrecurring items, stands at minus EUR18.9 million, compared to EUR16.5 million in 2022.

Alkemy is stepping back 3.2 percent to EUR11.58 after five sessions closed among the bullish.

Among SMEs, Almawave is advancing 7.4 percent to EUR4.64 per share after falling 0.7 percent in the previous session.

Gismondi 1754, on the other hand, is advancing 3.2 percent to EUR4.54 per share after the previous session's 1.4 percent red.

At the tail end, Health Italia is closing down 4.1 percent to EUR1.39 per share.

In New York overnight Europe, the Dow closed in the green by 1.2%, the Nasdaq advanced 3.0% while the S&P 500 closed up 2.1%.

Among currencies, the euro changed hands at USD1.0825 versus USD1.0814 recorded at Thursday's European stock close, while the pound was worth USD1.2665 from USD1.2643 on Thursday night.

Brent crude is worth USD83.10 per barrel versus USD83.52 per barrel at Thursday's close. Gold, meanwhile, trades at USD2,019.31 an ounce from USD2,030.75 an ounce on Thursday evening.

By Maurizio Carta, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Copyright 2024 Alliance News IS Italian Service Ltd. All rights reserved.