(Alliance News) - At mid-session on Friday, Piazza Affari and the major European stock markets remain without momentum, flattened by disappointing Eurozone inflation data expected to come in at 2.3 percent in November, up from 2.0 percent in October, according to a Eurostat flash estimate.

The FTSE Mib gives up 0.2% to 33,183.17 at the turnaround. Among the smaller listings, the Mid-Cap is in the red 0.1 percent to 46,916.07, the Small-Cap is in the green 0.3 percent to 27,214.37, and Italy Growth travels in the fractional red to 7,663.36.

In Europe, London's FTSE 100 is in fractional red, Paris' CAC 40 is in fractional green, and Frankfurt's DAX 40 is just above par.

On the macroeconomic front, in Italy, inflation rose in November, according to preliminary estimates released by Istat on Friday, albeit against a backdrop of overall price stability in the economy.

In detail, in November, the national consumer price index for the whole collectivity, before tobacco, registered a zero change on a monthly basis and increased by 1.4 percent year-on-year from 0.9 percent in the previous month.

In France, the annual inflation rate rose to 1.3 percent in November, the highest in three months, up from 1.2 percent in October, but below forecasts of 1.5 percent, according to preliminary estimates released Friday by INSEE.

Finally, Germany's unemployment rate remained unchanged in November at 6.1 percent, data released Friday by the Federal Labor Agency showed.

On the highest-capitalization list of Piazza Affari, at the turn of the day Banca Monte Paschi di Siena remained the best stock of the day, in the green by 0.8 percent.

Interpump Group and Azimut Holding close the podium, up 0.6 percent each.

Amplifon is doing well, in the green by 0.4 percent. On the stock, Arrowstreet Capital is reported to have filed its short position to 0.49% from 0.51%.

Few purchases for Nexi, in the green by 0.1% after advancing 4.0% last session. According to rumors from Corriere della Sera, Cassa Depositi e Prestiti is looking at acquiring Nexi's national interbank network - RNI -, a 208,000-kilometer-long strategic infrastructure linking credit institutions, the Bank of Italy, central risk and anti-fraud system.

Leonardo - in the red 0.3 percent - signed with BF - up 1.2 percent on the Small-Cap - a memorandum of understanding to promote more technological and sustainable agriculture, presented during the XXII International Agriculture Forum, as Il Sole 24 Ore reported Friday

BPER Banca -- in the red by 0.2 percent -- announced Thursday that it intends to repay Banca Carige Spa's bond issue to 2029 early -- a Tier II callable fixed-rate bond with reset.

The repayment will be at par in the amount of EUR200.0 million, plus accrued interest up to the repayment date. Upon completion, the bond will be delisted from the DomesticMOT.

Among the mid-session bearish, Assicurazioni Generali gives up 1.0 percent. According to a report in Il Sole 24 Ore on Friday, the insurance group is continuing negotiations with Natixis for a possible alliance in asset management.

At the bottom of the main list sits Mediobanca, each in the red by 1.3%.

On the Mid-Cap, reverses opening Digital Value, which now trades 3.1 percent in the red. The stock has gained 46% in the past month.

Acea -- in the red by 0.3 percent -- announced Thursday the award of the tender for the management of integrated water service in the Ato Ovest Provincia di Imperia area, worth an estimated more than EUR1.0 billion. As reported by Il Sole 24 Ore in Thursday's edition, through Acea Molise, a wholly owned subsidiary of the group, Acea will acquire 48% of the newly formed mixed public-private company Rivieracqua, which holds the concession until 2042.

Mondadori is in the green by 0.2 percent. According to a report in Il Sole 24 Ore on Friday, negotiations to acquire Lattes Editori, a well-known Turin-based publisher specializing in books for secondary schools, have stalled after months of negotiations.

On the Small-Cap, Tesmec rally continues, rising 7.6 percent, in its third bullish session.

CY4Gate - up 3.7 percent - announced Friday that it has signed contracts worth a total of about EUR1.2 million with leading Italian corporate and institutional clients to acquire solutions in Cyber Security and Forensic Intelligence.

doValue is in the green by 2.0 percent. SIH Partners has trimmed its short position on the stock to 0.79% from 0.80%.

Zucchi gives up 2.3%, pending interim results to be released later in the day.

Among SMEs, few trades for Soges Group, unchanged at EUR2.10 per share. The company announced Thursday that its board of directors has approved the implementation of a transaction that includes the acquisition of the entire share capital of Hotel Bretagna and, indirectly, of its wholly owned subsidiary Incorsi.

RedFish LongTerm Capital - flat at EUR1.21 - approved the issuance of the first tranche of the "6% Sustainable Growth 2024-2029" bond, amounting to EUR2.6 million out of a total of EUR15 million. Consisting of 103 bonds with a nominal value of EUR25,000 each, the tranche will be issued on December 2 and mature on December 1, 2029, with gross annual interest of 6 percent, paid monthly. At the same time, the company agreed to a partial repayment of EUR2.5 million of the "TV Eur + 500bps 2022-2025" loan, in an agreement signed on November 28.

Gentili Mosconi is down 2.0 percent at mid-session, after it reported results for the first nine months of the year on Thursday, which recorded consolidated revenues of EUR31.2 million, compared to EUR37.0 million in the same period of 2023, showing a 16 percent decline.

No trade for Relatech - flat at EUR2.52. The company announced Thursday that it had purchased the remaining 10.33 percent stake in EFA Automazione from owner Franco Giovanni Andrighetti for a consideration of EUR4.9 million.

In New York, the U.S. stock exchanges were closed for Thanksgiving Day.

Among currencies, the euro changed hands at USD1.0565 from USD1.0551 at Thursday's European stock close. The pound is worth USD1.2687 versus USD1.2678 on Thursday evening.

Among commodities, Brent crude is worth USD72.14 per barrel from USD72.31 per barrel Thursday night. Gold trades at USD2,686.44 an ounce from USD2,664.59 an ounce Thursday night.

Friday's macroeconomic calendar at 431 CET is expected to show Canada's GDP.

By Antonio Di Giorgio, Alliance News reporter

Comments and questions to redazione@alliancenews.com

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