(Alliance News) - The Mib Wednesday moves bearish with the point bar below the 32,600 mark Wednesday as traders eagerly await significant economic data to be released this week and keep an eye on corporate developments with regular annual report releases.
On the domestic front, Italian consumer confidence improved in February, while business confidence fell, Istat reported Wednesday.
Consumer confidence rose to 97.0 points in February from 96.4 points in January while business confidence fell to 95.8 points from 97.9 points in the previous month.
As a result, the FTSE Mib is down 0.4 percent to 32,591.89.
Paris's CAC 40 is down 0.1 percent, Frankfurt's DAX 40 is posting a green of 0.1 percent while London's FTSE 100 is giving up 0.7 percent.
Among the smaller listings, the Mid-Cap is giving up 0.6 percent to 45,782.69, the Small-Cap is marking a red 0.5 percent to 28,092, and Italy Growth is picking up 0.2 percent to 8,281.80.
On the Mib, among the bullish pochia is Telecom Italia, which carries the bar up 1.0 percent on the heels of the eve's active close of plus 0.6 percent.
Doing best of all is Unipol, which advances 1.5%, continuing on Tuesday's green with a plus 0.1%.
Good session also amche Monte dei Paschi di Siena, which moves up 1.1% in appreciation after two bearish sessions.
Sales on Saipem, which gives up 1.0% after closing as the best Tuesday with plus 4.3%. The stock will release financials later today, while it is reported that Citadel Advisors raised its short to 0.50% from 0.44%, while PDR Partners raised it to 0.82% from 0.78% previously.
At the tail end is Campari, which marks a minus 3.1 percent to EUR9.53 after 2.9 percent in the previous session. Of note, Barclays, Bernstein and Jefferies cut the targte price on the stock.
On the cadet segment, Technogym is marking minus 4.2% at EUR8.58 per share, in its third bearish session.
Ariston Holding, on the other hand, is giving up 2.3 percent, with price at EUR5.57, after a 2.7 percent green in the previous session.
d'Amico of instead takes the top spot on the list, advancing 3.0% with price at EUR6.30 per share.
On the SmallCap, strength on Centrale del Latte d'Italia, which moves ahead 1.4% to EUR2.98 per share, registering a high trading volume of over 20,000 pieces compared to the three-month daily average of about 4,500.
In contrast, Sogefi advances 5.2 percent to EUR2.94 per share. The stock -- which has been missing the ex-dividend since 2013 -- on a weekly basis is up more than 53 percent.
IGD is leaving 5.5 percent on the parterre. The company disclosed Tuesday that it had ended 2023 with a net loss of EUR81.73 million, specifying that it was discounting higher fair value changes and financial charges. For the full year, recurring net income (FFO) was EUR55.4 million, down more than 17 percent from 2022.
In any case, the company pointed out that the result is higher than the guidance communicated to the market last November, which forecast FFO at the end of the year of about EUR53 million.
For Beewize, the liability is 4.4 percent to EUR0.86 per share, after the 5.4 percent red in the previous session.
Among SMEs, CrowdFundme ranks near the top advancing 8.5 percent, rebounding after four sessions with a bearish candle.
Datrix-the list's best advancing in double digits, however, on its third bullish session with a green of nearly 11 percent.
Giglio.Com, on the other hand, is giving up 4.6 percent, on the heels of the eve's passive close of minus 2.0 percent.
Allcore, on the other hand, is stepping back 1.9 percent, although the weekly candle marks a plus 5.3 percent.
In New York overnight Europe, the Dow Jones gave up 0.3 percent, the S&P advanced 0.2 percent, and the Nasdaq picked up 0.4 percent.
Among currencies, the euro changed hands at USD1.0823 against USD1.0856 recorded in Tuesday's European stock close, while the pound was worth USD1.2654 from USD1.2694 Tuesday night.
Brent crude is worth USD83.20 per barrel versus USD83.27 per barrel at Tuesday's close. Gold, meanwhile, trades at USD2,028.75 an ounce from USD2,034.11 an ounce on Tuesday evening.
Wednesday's calendar includes at 1000 CET Italian business and consumer confidence levels while at 1100 CET it will be the turn of the same data from the Eurozone. At 110 CET, an auction of Treasury bonds with five- and 10-year maturities is scheduled in Italy.
At 1300 CET, on the other hand, the mortgage report will be released from the U.S., while at 1430 CET, the Gross Domestic Product figure for the fourth quarter is due. At 1630 CET, the report on crude oil stocks and Cushing's invenatario will arrive, in addition to the EIA report.
Among the speeches to follow are those of Bostic and Williams of the FOMC, scheduled at 1800 CET and 1845 CET, respectively.
By Maurizio Carta, Alliance News reporter
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