(Alliance News) - On Wednesday, at midday, the Mib index remained stable with a slight uptick to 40,217.12 points, mirroring the positive trend seen across major European markets.
Earlier in the day, European Central Bank President Christine Lagarde, speaking from Beijing, warned that "coercive trade policies" could harm supply chains and the global economy. She called for an easing of the tariff standoff that has caused billions of dollars in market losses. Meanwhile, negotiations between the US and China continue in London.
Back in Italy, among the secondary indices, the Mid Cap edged up to 54,676.44 points; the Small Cap dipped slightly to 31,481.76, while the Italy Growth index posted a marginal increase to 8,134.13.
Across Europe, London's FTSE 100 rose 0.2% to 8,867.81, Frankfurt's DAX 40 was up 0.3%, and Paris' CAC 40 gained 0.4%.
On Piazza Affari, Azimut climbed 1.6% after announcing Tuesday that it recorded net inflows of EUR1.9 billion in May. This brings the year-to-date total to EUR7.6 billion, moving the company closer to its annual target of over EUR10 billion.
Prysmian followed, up 1.2%, after reporting yesterday that it had completed the acquisition of Channell Commercial Corporation for a base purchase price of USD950 million, subject to contractual adjustments.
STMicroelectronics also gained, up 1.2%.
Mediobanca slipped 0.2% to EUR19.63 per share after announcing Wednesday that the boards of Banca Mediolanum and Mediolanum Vita had given favorable votes to Mediobanca's public exchange offer (OPS) for Banca Generali.
The two boards said they viewed "positively the industrial development prospects and financial forecasts linked to the transaction."
Nexi dropped 1.9%, posting the worst performance among the largest-capitalization stocks on Piazza Affari.
Within the Mid Cap, Philogen was suspended with a theoretical gain of 22% and shares at EUR22.5 each, followed by Alerion, which posted its second consecutive positive session, up 3.9%.
Technoprobe fell 4.9% after the company announced that T-Plus had completed the sale of 10 million of its ordinary shares.
On the Small Cap, Mondo TV surged 16%, followed by Class Editori, which continued to perform well.
EPH declined 6.2% after a strong performance yesterday.
Gabetti dropped 2.8%, reversing last month's positive trend of 3.6%.
Among SMEs, Emma Villas rose 11% and Gambero Rosso gained 5.0%.
Conversely, E-Globe and Eprcomunicazione fell, despite the latter announcing yesterday it had won a EUR175,000 social listening contract.
In Asia, the Nikkei closed Wednesday up 0.6% at 38,421.19, the Shanghai Composite rose 0.5% to 3,402.32, and the Hang Seng gained 0.8% to 24,366.94.
In New York, the Dow closed up 0.3% at 42,866.87, the Nasdaq gained 0.6% to 19,714.99, and the S&P 500 finished 0.6% higher at 6,038.81.
In currency markets, the euro traded at USD1.1436 versus USD1.1426 at Tuesday's close, while the pound exchanged at USD1.3498 compared to USD1.3514 last night.
Among commodities, Brent crude traded at USD66.78 per barrel versus USD67.87 at the previous close, while gold was valued at USD3,338.51 per ounce, up from USD3,323.2 per ounce at the last close.
From the US, attention is on mortgage data due at 1300 CEST, and--most importantly--on consumer price data scheduled for release at 1430 CEST.
Later in the afternoon, crude oil inventory figures are expected, while the Federal Reserve's balance sheet will be published at 2000 CEST.
By Michele Cirulli, Alliance News Reporter
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