(Alliance News) - On Wednesday, the Mib moves choppy, not distancing itself, in either direction, from the parity line and with trading rooms assessing the prospect of continued tightening of monetary policy by the Federal Reserve and the ECB.

On Eccles Building, in the CME Group platform's FedWatch Tool -- using futures also based on the actual federal funds rate, or EFFR -- the main rate hike for the March 22 meeting has an 88 percent probability priced into the 475/500 bps range. In contrast, the probability of an increase in the 500/525 bps area is at 12%. The current target is between 450 and 475 bps.

Eurostat reported Wednesday that the first estimate for euro area goods exports to the rest of the World in December was EUR238.7 billion, an increase of 9.0 percent from December 2021, when exports were EUR218.9 billion. As a result, in December, the euro area recorded a deficit of EUR8.8 billion in goods trade with the rest of the World, the same figure as in December 2021. Trade within the euro area rose to EUR212.8 billion in December or 9.4 percent compared to December 2021.

Thus, the FTSE Mib, now trades just above par at 27,505.99 with a put/call ratio of 0.97.

In Europe, Paris' CAC 40 rises 1.0 percent, London's FTSE 100 gives up 0.1 percent, and Frankfurt's DAX 40 rises 0.3 percent.

Among the smaller lists, the Mid-Cap is up 0.5% to 44,895.74, while the Small-Cap is in the green 0.6% to 30,448.30 and Italy Growth is in the green 0.1% to 9,681.85.

On the main list of Piazza Affari, Amplifon is confirmed in the high quarters, ahead with 2.1 percent after the eve's 1.1 percent setback.

In addition to part of the 2022 and fourth quarter accounts, Telecom Italia's board also approved the company's new business plan, which covers the three-year period 2023-2025. TIM expects group revenues from services to grow low single digits in 2023 with the domestic business essentially stable. The stock is confirmed in the highs of the list since the bell rang, marking a green of 2.3 percent at EUR0.3033.

A bullish sign also prevails significantly on Moncler, which moves ahead 2.1% pointing to the third session to close on the bullish side.

Mediobanca -- down 1.3 percent -- having acted as intermediary on behalf of FSI Holding 2 Srl, announced Wednesday that it had completed the purchase of 25.0 million ordinary shares of Anima Holding, equal to about 7.2 percent of the company's share capital, through a reverse accelerated bookbuilding procedure. Anima Holding's stock, on the cadet segment, advances 6.1 percent.

Also going under is Saipem, which gives up 1.5 percent, after being up 1.8 percent on the eve of the event.

On the MidCap, in addition to the aforementioned Anima Holding, illimity Bank is also seen in the high quarters, which moves ahead 3.4 percent to EUR6.93 rearing its head after three sessions among the bearish.

Salvatore Ferragamo, on the other hand, advances 2.1 percent, bringing the price to EUR18.10 and putting itself on track for the third session with bullish trend.

Saras, on the other hand, retreats with 1.1 percent, following the slight red of the eve closed with 0.2 percent.

The list is closed by Fincantieri, which retreats with 1.3 percent to EUR0.6415, on the heels of Tuesday's red with 0.5 percent. As stated in the ProuezioniDiBorsa note, "with the breaking of the strong resistance in the EUR0.6305 area, accompanied by an increase in volumes of about 580%, Fincantieri's prices could head for new targets in the EUR0.746 area, first, and the EUR0.8625 area, then." For PdB analysts, "only a daily close below EUR0.6305 could push the stock down again."

On the Small-Cap, Beewize gives up 4.0 percent to EUR0.7200, after eve's gain of 1.1 percent.

Restart gives up 4.2%. The stock--which has been missing the ex-dividend since 2007--retreats after eve's green with 2.3%.

Among the list's bullish drivers is B&C Speakers, which by advancing 4.1% rests the price bar at EUR13.90, thus bringing the green over the past six months to more than 25%.

Strength also on LVenture, which appreciating 9.5% takes the top spot in the segment with price at EUR0.3820. Anomalously high trading volume is mentioned on the stock, at 622,000 compared to a three-month daily average of just under 35,000.

Among SMEs, mention is made of Alfonsino's green, advancing 7.5 percent, turning the trajectory after four sessions on the bearish side.

CrowdFundme, on the other hand, advances with 5.1 percent to EUR3.28, rebounding after yesterday's 6.6 percent red.

At the tail end, Fenix Enetrtainment, which gives up 4.7 percent, closes the list. It should be mentioned that the stock, since the beginning of 2023, marks a loss of almost 38%.

In New York - on the European night - the Dow closed in the red by 0.5 percent, the Nasdaq is up 0.6 percent, and the S&P 500 closed just below par.

Among currencies, the euro changed hands at USD1.0717 versus USD1.0716 at Tuesday's close. In contrast, the pound is worth USD1.2069 from USD1.2149 on Tuesday evening.

Among commodities, Brent crude is worth USD84.80 per barrel versus USD85.19 per barrel Tuesday evening. Gold, on the other hand, trades at USD1,843.91 an ounce from USD1,848.00 an ounce at Tuesday's close.

On Wednesday's macroeconomic calendar, from the States, at 1300 CET, focus on the mortgage market report; at 1430 CET, retail sales will be released; and, at 1515 CET, the industrial production figure will be released.

At 1630 CET, space for crude oil stocks, EIA count, and Cushing's inventory. At 1900 CET, an auction of 20-year Treasury bonds will be held.

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