(Alliance News) - On Friday, the Mib moved bullishly above the 30,500 mark again as trading rooms continued on decisions made by major central banks after the Fed gave strength to expectations of rate cuts in the coming year.

In macroeconomic news, new data show that PMI data were weaker than expected in the Eurozone and Germany, while Chinese data are also not encouraging.

Domestically, Istat reported that in November the national consumer price index decreased 0.5 percent month-on-month and increased 0.7 percent year-on-year, from 1.7 percent in the previous month.

Thus, the FTSE Mib marks a 0.6 percent rise to 30,537.08.

In Europe, London's FTSE 100 is giving up 0.3 percent, Paris' CAC 40 is up 0.8 percent, and Frankfurt's DAX 40 is advancing 0.6 percent.

Among the smaller lists, the Mid-Cap is gaining 0.6 percent to 43,919.76 the Small-Cap is up 0.8 percent to 27,154.01 and Italy Growth is up 0.3 percent to 8,088.21.

On the main list of Piazza Affari STMicroelectronics trades in the green by 2.9 percent at EUR46.89 per share. Stifel cut its target price to EUR55.00 from EUR60.00.

Stellantis has been moving well since the bell rang and advanced 2.5 percent to EUR21.79, after touching a new 52-week high at EUR2.69.

Iveco also advances well, raising the bar to plus 2.0 percent with new price at EUR7.37. The stock since the beginning of 2023 marks a rise of more than 42 percent.

The board of TIM -- up 1.2% -- on Thursday received an update on the progress of the Sparkle divestment deal. The board voted unanimously to extend to the end of January 2024 the deadline granted to Optics Bidco, a subsidiary of Kohlberg Kravis Roberts & Co. LP-or KKR-to complete due diligence activities and formulate a final offer.

DiaSorin, on the other hand, marks minus 3.7 percent, bringing its price down to EUR93.6, the subject of profit-taking after eve's 10 percent gain.

Campari, on the other hand, marks minus 2.2% with price at EUR1.008 per share. On the stock it is reported that UBS cut its target price to EUR12.30 from EUR13.50 with a 'buy' recommendation. The aperitif company has entered into exclusive negotiations with Beam Suntory to acquire 100 percent of Beam Holding France, which in turn owns the Courvoisier cognac brand. The fixed purchase price is USD1.2 billion, equivalent to EUR1.11 billion at today's exchange rate.

On the Mid-Cap list, OVS takes the top spot with a plus 5.6 percent to EUR2.2620. The company reported Wednesday that net sales for the first nine months of its 2023-2024 fiscal year rose to EUR1.10 billion from EUR1.09 billion year-on-year. The performance of direct stores was better than that of franchise stores, which were more affected by adverse weather conditions as they were mostly kids formats. Ebitda in the period ended Oct. 31 shows a slight year-on-year decline, to EUR121.5 million from EUR124.1 million.

The 'buy' side also clearly prevails on Ariston Holding, which moves up 3.2 percent on the heels of eve's sharp rise with 9.8 percent.

Antares, on the other hand, advances 1.1 percent. The company announced Thursday that Enrico Broli has resigned as a standing auditor and chairman of the company's board of statutory auditors due to health reasons. Alternate statutory auditor Paolo Belleri also left for the same reason. Broli will be replaced on the board of auditors by Ramona Corti while the chairmanship of the body will be in the hands of Giancarlo Germani until the next shareholders' meeting.

Brunello Cucinelli--down 0.2 percent--reported Wednesday that it expects to end the year with positive results, five days before it debuts on the Italian stock exchange's FTSE Mib. "After the beautiful results of the nine months and the very interesting growth in October, November and the first part of December, we imagine for 2023 a very good growth in revenues, between 22% and 23% at current exchange rates - over EUR1.1 billion -, raising estimates compared to previous expectations of between 20% and 22%, with a very important marginality and profit, within our idea of polite growth and healthy profit," said the founder of the eponymous brand, Brunello Cucinelli.

Among the few bearish contributors, Reply is giving up 1.0 percent after a 5.9 percent green on eve.

On the Small-Cap, doValue is advancing with 3.6% and price at EUR3.46, after eve's green with 5.9%.

Good buying also on Aeffe, which is up 3.5% after 0.6% on the previous day.

FILA--up 1.0%--on Thursday reported that the board of directors has resolved to propose to the shareholders' meeting the distribution of an extraordinary dividend of EUR0.58 per FILA share, ordinary and special.

At the tail end, Piquadro is giving up 2.8 percent to EUR2.12 after eve's flat session.

algoWatt, on the other hand, is giving up 2.3 percent, which reported that it had analyzed the possible impacts on the group's activities due to the exacerbation of the state of financial tension as a direct consequence of the decision taken by a financial creditor to temporarily suspend the company's line of advances on active invoices. The board resolved to apply to the Ministry of Labor, Health and Social Policy for the activation of the Extraordinary Layoff Benefits Fund for all company locations for the causes of reorganization and business crisis, also and above all in order to protect workers' income and deal with repercussions of particular social relevance.

Among SMEs, boost on High Quality Food, which trades up 6.2 percent at EUR0.77 per share. Thursday announced that the final ranking of the "ISMEA INVESTSTE" call for financial interventions at concessional and market conditions has been published. The company was admitted to the final ranking with an ISMEA intervention of EUR2.0 million.

H-Farm, on the other hand, rises more than 14 percent, following up the modest bullishness of the eve with 0.8 percent.

Cyberoo, on the other hand, advances 3.9%, in its third bullish session.

At the tail end, among the many, Imprendiroma retreats 8.1 percent, following eve's 3.9 percent decline.

In New York on European night, the Dow advanced 0.4 percent, the Nasdaq closed up 0.2 percent, and the S&P 500 picked up 0.3 percent.

Among currencies, the euro changed hands at USD1.0961 against USD1.0998 recorded in Thursday's European stock close while the pound is worth USD1.2754 from USD1.2669 last night.

Brent crude is worth USD76.70 per barrel versus USD76.93 per barrel at Thursday's close. Gold, meanwhile, trades at USD2,038.19 an ounce from USD2,040.15 an ounce last night.

Friday's macroeconomic calendar features US industrial and manufacturing production at 1515 CET, followed at 1545 CET by the services and manufacturing PMI.

At 1900 CET it will be the turn of data from Baker Hughes, and at 2130 CET, as usual on Friday, comes the COT Report.

By Maurizio Carta, Alliance News reporter

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