(Alliance News) - The Mib index is bullish for the third consecutive session Friday, trading around 10-month highs and caressing, albeit briefly, 25,800, in line with other European exchanges.

Investors welcomed positive economic data from the euro zone. Industrial production rose 1.0 percent in November, offsetting part of October's 1.9 percent decline, according to Eurostat data shown Friday. Compared to November last year, industrial production in the eurozone increased 2.0 percent, while in October the annual increase was 3.4 percent.

On the domestic front, industrial production in November 2022 is estimated to have decreased by 0.3 percent compared to October. The overall index declines in trend terms by 3.7 percent.

Meanwhile, after the slowdown in U.S. inflation to 6.5 percent, markets appear for the most part positioned for a Federal fund rate increase of only 25 bps. 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 Feb. 1 meeting sees an increase in probability now at 92 percent on the upper range of 450/475 bps. In contrast, the probability of an increase in the 475/500 bps area is at 8%. The current target is between 425 and 450 bps.

Thus, the FTSE Mib rises 0.4 percent to 25,792.32, with daily high of 25,807.87.

The FTSE 100 rises 0.5 percent, Paris' CAC 40 rises 0.6 percent, and Frankfurt's DAX 40 is in the green by 0.4 percent.

Among the smaller lists, the Mid-Cap is in the green 0.9% to 41,039.19, the Small-Cap is up 0.5% to 29,334.81, and Italy Growth is up 0.1% to 9,510.16.

On the main list of Piazza Affari, Amplifon takes the top by climbing 3.4 percent rearing its head after two sessions in the red.

DiaSorin also rises, appreciating 2.3 percent after a 1.7 percent decline in the previous session.

Iveco trades well with 0.4 percent. On Wednesday, the company confirmed that Iveco Bus, a brand of the group, has signed a three-year framework agreement for the supply of up to 150 E-WAY full electric city buses to Busitalia, the bus company of the FS Italiane Group that operates mainly in local public transport services, directly and through subsidiaries. It will represent, Iveco adds, the largest order of E-WAY city buses to date in Italy.

Among the bearish minority, red for Stellantis, which gives up 3.6 percent after the previous session's 0.8 percent green.

On the Mid-Cap, Banca Monte dei Paschi rises 4.8 percent, heading for its third session to end on the bullish side.

SOL, on the other hand, rises 3.7 percent, bringing its assets on a weekly basis to over 10 percent.

Salvatore Ferragamo, on the other hand, rises 0.6 percent, with weekly up 4.1 percent.

Juventus FC, on the other hand, gives up 1.1 percent, heading for its fifth bearish session.

Anima Holding, on the other hand, gives up 1.0 percent, after the previous session's 1.1 percent green.

On the Small-Cap, I Grandi Viaggi rises 5.3%, five days after the release of results.

Good trades on Class Editori which advances with 2.8%, in the green on the monthly with almost 17% and with the dividend missing since 2010.

High quarters also for Fila, which rises 1.1 percent. The company reported Thursday that it is continuing its growth trajectory in India, where it began investing in 2012. With more than 350 million children in the age group up to 14 years, a population of nearly 1.4 billion, and more than 3.4 percent of Gross Domestic Product invested in education, India represents one of the most strategic markets for future growth for the FILA group.

It goes under FullSix, which retreats 2.3 percent, while Eems closes the list with a 2.6 percent loss.

Among SMEs, Altea Green Power rises 9.1% to EUR2.58, with assets of more than 18% on the month.

Gismondi1754, on the other hand, rises 2.7 percent. Of note, the stock marks a 45% surplus over the past six months.

At the tail end, Askoll Eva instead gives up 3.4 percent, while still showing an asset that marks a plus 18 percent on the weekly.

Closing out the Go Internet segment, which gives up 3.8 percent on the heels of eve's 2.8 percent loss.

In New York last night, the Dow closed in the green by 0.6 percent, the S&P 500 up 0.3 percent, while the Nasdaq rose 0.6 percent.

Among the Asian exchanges, the Hang Seng rose 1.1 percent, the Shanghai Composite picked up 1.0 percent, while the Nikkei slipped 1.3 percent.

Among currencies, the euro changed hands at USD1.0830 versus USD1.0812 at Thursday's close. In contrast, the pound is worth USD1.2217 from USD1.2163 last night.

Among commodities, Brent crude is worth USD84.75 per barrel from USD84.35 per barrel last night. Gold, meanwhile, trades at USD1,905.78 an ounce from USD1,895.10 an ounce last night.

On Friday's economic calendar, at 1400 CET from Spain comes the Consumer Confidence Index, emntre in the evening from the States at 2130 CET will be publishing the COT Report.

Among the companies listed in Piazza Affari, no particular announcements are expected.

By Maurizio Carta, Alliance News reporter

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