(Alliance News) - European stock markets moved in a bullish trend Friday mid-day, with trading rooms carefully processing recent moves by major central banks.

The European Central Bank implemented its eighth consecutive interest rate hike, while the Federal Reserve halted its tightening cycle, with the heads of both institutions maintaining an "aggressive" stance.

In contrast, the Bank of Japan left its stance on rates unchanged, including controlling the yield curve.

In macro news, eurozone inflation slowed significantly year-on-year in May, as reported by Eurostat on Friday. Eurozone consumer prices rose 6.1 percent year-on-year in May after rising 7.0 percent in April. A year earlier, inflation was 8.1 percent.

Italy's annual inflation was 7.6 percent in May, slowing from 8.2 percent in April and in line with the Italian statistical office's initial forecast.

The FTSE Mib is up 0.3 percent to EUR27,822.55.

Among the smaller listings, the Mid-Cap is in the green 0.6 percent to EUR43,820.54, the Small-Cap in the green 0.2 percent to EUR27,629.15, and Italy Growth is in the red 0.2 percent to EUR9,119.04.

In Europe, London's FTSE 100 is up 0.3 percent, Paris' CAC 40 is advancing 0.8 percent, and Frankfurt's DAX 40 is advancing 0.3 percent.

On the highest-capitalization basket in Piazza Affari, DiaSorin is advancing well, which is in the high quarters with a green of 2.8 percent.

Moncler, on the other hand, rises 2.1%, veering down after two negative sessions.

ERG - up 1.2 percent - on Friday reported that it was upgraded by MSCI Inc. a leading ESG corporate performance research firm to a "AAA" rating, an improvement from its "AA" rating in 2022, putting it in the "Leader" category.

FinecoBank, on the other hand, gave up 1.2 percent with price at EUR12.63. Of note, Marshall Wace raised its short on the stock to 1.32 percent from 1.29 percent previously.

Among the few bearish performers on the list, Tenaris gives up 0.5%, following eve's green with 0.7%.

On the cadet segment, Reply rises 2.1% to EUR112.10 per share after 0.5% the night before.

Iren equally moves ahead 2.0% to EUR1.8780, after eve's red with 1.9%.

Good buys also on Mutuionline, which scores a plus 0.9% rearing its head after three sessions among the bearish.

De' Longhi, on the other hand, is advancing 2.5 percent to EUR18.18 after Thursday's 4.0 percent decline. The stock had previously come from four bullish sessions.

Sanlorenzo, on the other hand, gives up 3.2 percent to EUR37.40 per share, on the heels of eve's red.

OVS retreats 1.3 percent. The company--engaged in its buyback program--reported Thursday that it bought back 195,089 of its own ordinary shares between June 8 and June 14, for a total value of EUR519,000 or so.

On the SmallCap, Bioera advances 6.5 percent, after the 4.7 percent red on the eve.

AbitareIn also did well, marking a plus 5.5 percent. The company's board of directors Tuesday approved the consolidated half-year report as of March 31, 2023. The first half of the year ended with consolidated revenues of EUR76.7 million from EUR66.4 million as of March 31, 2022, "substantially influenced by the delivery of apartments to clients and the conclusion of the via Cadolini transaction."

NextRe, on the other hand, brings the bar forward by 4.2 percent, positioning itself for the fifth session to end on the bullish side.

Among SMEs, however, Ambromobiliare rises 3.8 percent with new price at EUR1.36 after four bearish sessions.

The top, however, is for Bellini Nautica, which pushes ahead 4.5 percent to EUR2.30 heading for the fourth session to end on the upside.

Generalfinance--flat at EUR7.80 on the Star segment--and Banca Cassa di Risparmio di Savigliano on Friday signed a four-year agreement aimed at the recession of tax credits related to the Superbonus, with a tax value of EUR10 million.

Agatos, on the other hand, rises 0.2 percent to EUR0.461, following up eve's green with 0.3 percent.

In New York on European night, the Dow rallied 1.3 percent, the Nasdaq picked up 1.2 percent, while and the S&P 500 put up 1.2 percent.

Among currencies, the euro changed hands at USD1.0948 against USD1.0910 yesterday in closing European equities. In contrast, the pound is worth USD1.2795 from USD1.2743 on Thursday evening.

Among commodities, Brent crude is worth USD75.31 per barrel versus USD74.27 per barrel last night. Gold, on the other hand, trades at USD1,963.90 an ounce from USD1,956.41 an ounce last night.

Friday's macroeconomic calendar, in the evening at 2230 CEST the usual Cot Report.

By Maurizio Carta, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

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