Piazza Affari folds slightly in the late morning and moves just above parity, amid equally uncertain European stock markets, as it awaits U.S. data on producer prices today and consumer prices tomorrow.

U.S. index futures move slightly higher, while in Europe the impact of the Zew index on German consumer confidence, which fell much more than expected, weighs. Meanwhile, the geopolitical landscape remains tense, on the Ukrainian front as well as in the Middle East, further fueling investor caution.

Around 11:30 a.m., the Ftse Mib index rose 0.1 percent. Summer volumes of about 490 million euros.

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Purchases still reward Banco Mediolanum (+1.2%), already brilliant yesterday along with the other asset managers, which instead are quieter today. Little movement in the banking index.

Utilities well with Enel and Hera around +1%, little moved Telecom Italia and Inwit after Tim signed the agreement to sell the residual stake in the tower company.

Cues on Prysmian (+0.9%), which won a lawsuit for trade secret infringement and obtained a $96.5 million settlement from a South Carolina court. "This is positive news," comments Banca Akros, which reiterates its 'accumulate' rating on the stock with a target price of 69 euros.

Lottomatica resets the jump of more than 2 percent recorded at the opening after Berenberg initiated coverage with 'buy'.

(Claudia Cristoferi, editing Sabina Suzzi)