(Alliance News) - On Wednesday, European stock markets embarked on a bullish path after the bell rang in anticipation of the final end to rate hikes by major central banks.

Indeed, trading rooms welcomed data showing that the U.K. inflation rate slowed more than expected in October due to falling energy prices.

Tuesday's data also suggested a milder-than-expected rate of inflation in the United States, raising the prospect of interest rate cuts by the Federal Reserve beginning to be priced in - albeit just below 50 percent - starting next May.

Thus, the FTSE Mib is off to a 0.6 percent uptrend at 29,524.54.

In Europe, Paris's CAC 40 advances 0.5 percent, Frankfurt's DAX 40 scores a plus 0.3 percent, and London's FTSE 100 picks up 1.1 percent.

Among the smaller lists, the Mid-Cap is in the green with 0.4 percent to 42,092.52, the Small-Cap picks up 0.9 percent to 25,885.43, and Italy Growth is tinged green with 0.2 percent to 7,637.22.

On the main list of Piazza Affari, good start for ERG, which is priced bullish with 2.6 percent. The company reported Tuesday that it closed the first nine months of the year with a group profit of EUR112 million, down from EUR459 million in the same period of 2022. Company guidance is still positive, however, while adjusted net debt for "continuing operations" was EUR1.41 billion, down from EUR1.52 billion since June 30.

Good buying also on Moncler, also in the high quarters, up 1.8 percent heading for its third bullish daily candle.

The good performance of Monte dei Paschi continues, advancing 1.4 percent bringing the price to EUR3.10 after good accounts released a few days ago. DEutsche Bank - earlier this week - increased the target price to EUR4.10 from the previous EUR3.00.

The buy side also prevails on Intesa Sanpaolo, which brings the price to EUR2.66 with daily active delta of 1.2 percent.

On the cadet segment, Ferretti advances 3.8%, on its third bullish session if confirmed at the close.

The board of directors of Rai Way - up 3.1% - reviewed and approved the interim report for the nine months ended September 30, which closed with a net profit of EUR69.8 million, up 24% from the nine months 2022 figure, when it was EUR56.3 million.

Fincantieri -- in the black by 2.1 percent -- reported Wednesday that it closed the first nine months with revenues up to EUR5.38 billion from EUR5.32 billion in the same period a year earlier. For the full year, Fincantieri expects revenues in line with 2022, a 5% margin and NFP almost unchanged from last year-end.

Tamburi Investment Partners -- in the 0.4 percent letter -- on Tuesday reported that it ended the nine months with a pro forma consolidated profit of EUR73.6 million from EUR119.4 million and net assets reaching EUR1.29 billion, after dividend payments of EUR21.7 million and share buybacks of EUR15.6 million. As of September 30, total revenues were EUR1.17 million from EUR1.36 million pro forma for the same period last year.

El.En., on the other hand, is giving up 4.1 percent, bringing its price to EUR9.43 after a 3.6 percent gain Tuesday night.

On the SmallCap, boost on Fine Foods, which is advancing 4.9% after declining 0.9% on the eve. The company reported Tuesday that it closed the nine months with a loss of EUR1.8 million, improved from a loss of EUR11.9 million in the same period last year. As of Sept. 30, consolidated revenues stood at EUR185.7 million, up 22 percent from EUR152.8 million in the nine months 2022.

Digital Bros pushes by bringing assets to 4.0 percent with price at EUR11.87, on the heels of Tuesday's 3.6 percent gain.

The board of directors of Class Editori -- up 2.5 percent -- approved on Tuesday evening additional consolidated periodic information as of Sept. 30, a perid ended with a positive consolidated group net income of EUR360,000, an improvement over the loss of EUR4.10 million in Sept. 30, 2022. Total revenues for the first nine months of 2023 amounted to EUR60.5 million, up EUR6.3 million from the September 30, 2022 figure.

Eurotech -- in the green by 2.6 percent -- reported Tuesday that it closed the first nine months of the year with a loss of EUR1.2 million, an improvement from a loss of EUR3.7 million in the same period last year. As of Sept. 30, revenues stood at EUR70.0 million from EUR59.8 million in 2022.

Among SMEs, Alfio Bardolla advances 9.6 percent to EUR2.40. High trading volume is registered on the stock, with more than 21,000 pieces poassed hands compared to a three-month gionrlaier average of about 3,700.

Doing even better is Energy, which is advancing more than 12 percent, after announcing that it has received notice from Invitalia that it has been granted subsidies for the application for the Development Contract for the "Renewables and Batteries" strategic production chain under the National Recovery and Resilience Plan.

The award provides for 16 percent co-funding - amounting to about EUR7.2 million, non-repayable, disbursed in SAL starting in 2024 and ending in 2026 - out of a total amount of about EUR43 million for the purpose of building the giga-factory for the production of batteries for storage systems for renewables at Energy's headquarters in Veneto.

Among the few declines, in a still uneventful list, Casta Diva marks a minus 1.9 percent after closing three sessions with bullish candlestick.

In New York on European night, the Dow closed up 1.4 percent, the Nasdaq advanced 2.4 percent, and the S&P 500 advanced 1.9 percent.

Among Asian exchanges, the Nikkei rallied 2.5 percent, the Shanghai Composite 0.6 percent, while the Hang Seng advanced with 3.7 percent.

Among currencies, the euro changed hands at USD1.0869 against USD1.0858 recorded at Tuesday's European stock close while the pound was worth USD1.2466 from USD1.2482 last night.

Among commodities, Brent crude is worth USD82.24 per barrel from USD83.29 per barrel at Tuesday's close. Gold, meanwhile, trades at USD1,970.74 an ounce from USD1,964.19 an ounce last night.

Wednesday's macroeconomic calendar, at 1000 CET, Italy's inflation, at 1100 CET, Eurozone industrial production and trade balance.

At 1300 CET, from the US, the mortgage report, at 1430 CET, retail sales and PPI. At 1630 CET, weekly oil stocks, Cushing's inventory and the EIA report.

Among the companies in the Piazza Affari, results from Caleffi, ICF Group, Innovatec, Spindox and Triboo are expected.

By Maurizio Carta, Alliance News reporter

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