(Alliance News) - On Friday, according to IG futures, European stock markets are expected to rise, extending gains from the previous session, when the European Central Bank implemented another 25 basis point rate hike in what analysts believe to be the last hike in the current tightening cycle.
Thus, the FTSE Mib is expected up 227 points or 0.8 percent after closing up 1.4 percent at 28,872.73.
In Europe, Paris' CAC 40 is given in the green by 48.7 points or 0.7 percent, Frankfurt's DAX 40 is given up 102 points or 0.7 percent, while London's FTSE 100 is expected to open up 34.5 points or 0.5 percent.
Among Italy's smaller stock markets on Thursday evening, the Mid-Cap closed up 0.1 percent at 41,135.47, the Small-Cap finished in the green 0.3 percent at 26,738.18, while Italy Growth closed in the red 0.2 percent at 8,652.46.
In Piazza Affari, boost on the energy sector with Enel at the top, up 3.2%, A2A up 3.0% and Hera up 2.4%.
Iveco Group - in the green by 1.4% - announced Wednesday that Anna Tanganelli - formerly of Iren - will assume the role of chief financial officer effective Dec. 1, succeeding Francesco Tanzi who served as CFO during Iveco Group's spin-off and its first year and a half as an independent company.
Among the few bearish performers, Stellantis ended at the bottom down 1.1 percent, along with Telecom Italia, which gave up 1.0 percent, and Pirelli & C, down 0.6 percent. Leonardo was also bad, down 0.3%.
On the Mid-Cap, Iren closed on top with a 3.5% rise. On Wednesday it announced that Giovanni Gazza will be the company's new chief financial officer as of Dec. 1.
Webuild - in the red by 0.8 percent - on Thursday reported growth in Australia, the group's first non-domestic market, with EUR7.3 billion worth of orders acquired and being finalized in the country in the first eight months of 2023, bringing the group's work portfolio in Australia to EUR13.3 billion.
On this basis, Webuild reaches EUR21 billion worth of orders acquired and being finalized in the first eight months of 2023, pushing the group's work portfolio to a potential of more than EUR68 billion.
El.En. gave up 2.2 percent after announcing Tuesday evening that as of June 30, it reported consolidated revenue of EUR345.6 million up 6.0 percent from EUR326.9 million as of June 30, 2022. Group net income was EUR25.8 million down 9.3% from EUR28.4 million in the first half of 2022.
Maire Tecnimont -- down 4.1 percent at the bottom -- reported Tuesday that its board of directors approved the issuance of a fixed-rate, unrated Senior Unsecured Sustainability-Linked Non-Convertible Bond for a minimum of EUR120 million and a maximum of EUR200 million.
Sesa ended the day in the green by 0.5 percent. It reported Thursday that in the first quarter ended July 31 it reported adjusted group net income of EUR26.5 million from EUR23.8 million in the same period last year.
On the Small-Cap, Orsero closed up 5.8 percent after disclosing that in the first half of the year it reported adjusted net income of EUR33.4 million, up 57& from EUR32.4 million reported in the same period in 2022.
Mondo TV - in the red by 1.0 percent - disclosed that it closed the first half of the year with a net loss attributable to the group of about EUR1.2 million compared to a profit of about EUR4.3 million in the first half of 2022, and compared to a loss of about EUR69 million as of December 31, 2022.
The value of production is about EUR4.6 million, down 76 percent from EUR19.1 million in the first half of 2022 mainly as a result of lower sales already planned in the new business plan and the exit of Mondo TV Studios from the scope.
The board of directors of Caleffi -- in the red by 3.6 percent -- on Wednesday announced that the company in the first half of the year reported a profit of EUR200,000 from EUR700,000 related to the same period in 2022.
As of June 30, turnover stood at EUR27.1 million from EUR25.3 million a year earlier.
Fine Foods & Pharmaceuticals closed in the green by 0.1 percent, reported Wednesday that it reported a loss of EUR1.7 million as of June 30, an improvement from a loss of EUR6.0 million in the first half of 2022.
Among SMEs, Monnalisa - in the red by 3.7 percent - announced Thursday that it had signed a five-year multichannel licensing agreement with La Martina, an iconic international brand linked to the world of Argentine and British polo.
Franchetti--down 3.1 percent--reported a first-half net profit of EUR171,268 from EUR148,690 in the same period last year.
Sales revenue as of June 30 amounted to EUR2.2 million from EUR1.4 million, up 55% a year earlier.
In Asia, the Nikkei closed in the green by 1.1 percent, the Shanghai Composite was in the red by 0.5 percent, and the Hang Seng rose by 1.1 percent.
In New York on European night, the Dow Jones closed in the green by 1.0 percent, the S&P up 0.8 percent while the Nasdaq finished up with 0.8 percent.
Among currencies, the euro changed hands at USD1.0661 versus USD1.0661 on Thursday in European equities closing, while the pound was worth USD1.2425 from USD1.2410 on Thursday evening.
Among commodities, Brent crude is worth USD94.34 per barrel versus USD92.42 per barrel at Thursday's close. Gold, on the other hand, trades at USD1,918.49 an ounce from USD1,906.82 an ounce on Thursday evening.
On Friday's economic calendar, from Italy, the inflation figure is expected at 1000 CEST and the trade balance at 1100 CEST.
The Eurozone trade balance and labor cost index will also come out at 1100 CEST.
In the afternoon, in the U.S. at 1430 CEST the import and export price indexes will come out and at 1515 CEST the industrial and manufacturing production data. At 1600 CEST the Michigan Confidence Index and the Michigan 5-year inflation forecast will follow.
At Piazza Affari, the half-yearly reports of Beewize, BF and Fidia are scheduled.
By Chiara Bruschi, Alliance News reporter
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