(Alliance News) - On Friday, European markets continued their uptrends, shaking off the negative sentiment seen earlier in the week, with several central bankers delivering messages with various inetrviews and speeches that gave material for analysts and trading rooms to inetrpret.
In general, the message coming through was that good progress has been made in bringing inflation to 2 percent, but that the market price for a cut by the European Central Bank as early as March or April may be premature, while for Fed the markets are divided on the downside for March.
Thus, the Mib is advancing 0.3 percent to 30,426.22.
In Europe, London's FTSE 100 is up 0.4 percent, Paris' CAC 40 is in fractional green, and Frankfurt's DAX 40 is in the green by 0.2 percent.
Among the smaller listings, the Mid-Cap is advancing 0.1 percent to 44,104.54, the Small-Cap is giving up 0.2 percent to 27,377.85, and Italy Growth is stepping up 0.4 percent to 8,264.97.
On the Mib, the banking sector remains in good shape, with Banca Monte dei Paschi advancing 1.1% to EUR3.22 per share after two sessions closed with bearish candles.
Banco BPM, meanwhile, advances 1.0% to EUR4.91 per share, in its third bullish session.
In contrast, Saipem - positioned among the best since the bell rang - rises 1.1%, with new price at EUR1.44, rearing its head after two bearish sessions.
The Stellantis group, as shown by yesterday's data, posted a down December, with sales down 15 percent for the month compared to the same month a year earlier, but closed the full year 2023 with a 3.7 percent year-on-year increase. The stock is currently flat with price at EUR19.84.
Among the bearish minority is Leonardo, which marks a minus 1.5 percent by pricing itself at EUR16.61, in its third session on the bearish side of the list.
On the MidCap, Credito Emiliano advances 1.7 percent, following up on two previous bullish candles.
Anima Holding - up 3.3 percent - brings the price to EUR4.16, after a 0.8 percent decline on the eve that followed four bullish daily candles.
High quarters also for Saras, which appreciates 1.7% to EUR1.6820, after having closed the previous two sessions with a red sign.
Industrie de Nora, among the bearish few, is leaving 0.9 percent on the sidelines, following two sessions closed among the bullish.
Rear-enders also for Fincantieri, is marking down 2.1 percent, positioning itself toward the fifth session to close among the bearish.
On the SmallCap, Antares Vision is advancing 8.8 percent to EUR1.53 per share, after 3.7 percent green on the eve.
Quarters high, since the bell rang, Restart, which marks a 5.2% green with new price at EUR0.2020. The stock - which has been missing the ex-dividend since 2007 - closed flat on eve.
Safilo - in the money by 2.2 percent - announced Thursday that together with Levi's it has renewed its global license agreement for Levi's-branded eyewear until the end of 2029.
Eurogroup Laminations is giving up 4.1 percent, after 3.1 percent green on eve.
Tessellis, on the other hand, is giving up 3.6 percent, on the heels of Thursday's contraction that closed with minus 5.2 percent.
Softlab, on the other hand, is giving up 2.4 percent, in its third bearish session.
Among the SMBs, Italia Independent, after a 7.5 percent contraction on eve.
Datrix advances 8.8 percent to EUR1.85 per share, after a 1.7 percent loss on eve.
H-Farm, on the other hand, marks a 4.2% gain, after 4.4% green on eve.
Casta Diva Group -- up 4.9 percent -- on Thursday evening reported that Banca Finnat's Equity Research was published, in which it is rated at a target price of EUR2.18 per share.
In the red, at the back of the pack, Intred is giving up is giving up 1.4 percent to EUR10.80 per share, on the heels of eve's red with 0.9 percent.
In New York on European night, the Dow rallied 0.5 percent, the Nasdaq put up 1.4 percent, and the S&P 500 closed up 0.9 percent.
Among currencies, the euro changed hands at USD1.0879 versus USD1.0863 recorded at Thursday's European stock close, while the pound was worth USD1.2677 from USD1.2685 last night.
Brent crude is worth USD79.60 per barrel versus USD78.61 per barrel at Thursday's close. Gold, meanwhile, trades at USD2,029.73 an ounce from USD2,014.35 an ounce last night.
On Friday's macroeconomic calendar, the five-year inflation forecast and the Michigan Confidence Index will be released from the U.S. this afternoon at 1600 CET.
By Maurizio Carta, Alliance News reporter
Comments and questions to redazione@alliancenews.com
Copyright 2024 Alliance News IS Italian Service Ltd. All rights reserved.
