(Alliance News) - On Friday, the main European stock markets are expected to open lower, according to IG futures, on a quiet morning from a macroeconomic perspective, as Eurozone inflation data is awaited and rising commodity prices continue to dominate the headlines amid international uncertainty.
Thus, IG futures show the FTSE Mib down 1.4% or 584.0 points, after closing up 1.1% at 42,374.18 points.
The CAC 40 in Paris is expected to be down 0.6% or 47.9 points, the DAX 40 in Frankfurt is expected to be down 1.4% or 334.0 points, while the FTSE 100 in London is expected to be down 1.1% or 102.6 points.
Among other Milan indices on Thursday, the Mid-Cap was up 0.7% at 56,765.41, the Small-Cap was up 0.1% at 36,825.22, and the Italia Growth rose slightly to 8,615.22 points.
On the Milan Stock Exchange, Telecom Italia took the lead with a 5.8% rise to EUR0.5066 per share after Deutsche Bank raised its target price with a 'buy' recommendation.
Generali, down 1.1%, is participating in the Infrastructure Resilience Development Fund, a fund dedicated to infrastructure in emerging countries, with initial fundraising of USD 340 million set to grow by 2026.
Preparations are also underway for the Mediobanca shareholders' meeting, up 2.1%, pending approval of the new financial statements and the renewal of the top management in view of the integration with Banca Monte dei Paschi di Siena, which gained 0.2%: the deadline is set for October 28.
Meanwhile, rumors are intensifying about the resignation of Paolo Visca, representing the Ministry of Economy and Finance, from the supervisory board of STMicroelectronics: the stock closed up 2.2%.
Saipem announced the award of three new offshore contracts, worth a total of approximately USD 700 million, as part of the Shah Deniz Compression project operated by bp in Azerbaijan. The Italian company's share amounts to approximately USD 600 million, while the stock fell by 1.4%.
Banco BPM, up 0.5%, announced a cash buyback offer for all of its 2026 bonds issued under the issuer's EUR25 billion Euro Medium Term Note Programme, with a total outstanding nominal amount of EUR500 million.
Buzzi closed the list with a loss of 1.7% at EUR 48.50 per share.
On the Mid-Cap, SOL gained the top spot with 4.9% at EUR 51.60 per share.
Sesa, which concluded the buyback program launched on August 28, under which a total of 177,350 treasury shares were purchased at a volume-weighted average price of EUR84.01433 per share and for a total value of EUR15 million, closed flat at EUR82.65 per share.
News of Piaggio's interest in the Philippine market, one of the most dynamic emerging markets in Southeast Asia, drove purchases of the stock, which ended up 0.3%.
d'Amico International Shipping posted a 3.5% gain, while doValue closed the basket with a 2.8% loss.
Danieli & C Spa, after anticipating its annual figures as of June 30 on September 26, presented its forecasts for the 2025-2026 financial year on Thursday.
The company expects consolidated revenues of between EUR4.20 and EUR4.30 billion, EBITDA in the range of EUR430-450 million, and an order book of between EUR6.00 and EUR6.20 billion. The stock closed
On the Small Cap, EPH accepted the binding offer submitted by RONA Limited Company. The company explained in a statement that the transaction involves a total investment of EUR 10 million in EPH's share capital, consisting of a EUR 9.5 million aucap and EUR 500,000 in cash. The stock is positively affected with a theoretical increase of 50%, but currently without a reference price.
Gabetti Property Solutions reported that in the first nine months of the year, it recorded over EUR 7.7 billion in corporate investments in Italy, up approximately 17% compared to September 30, 2024. The company, whose stock fell 0.9%, explained in a statement that the retail sector (29%) and hospitality (21%) are the driving forces behind this growth.
Zest, which hit a 52-week low of EUR0.1285, lost 4.9%.
Risanamento performed best, increasing by 6.3%; Met.Extra Group performed worst, falling by 3.9%.
On Italia Growth, Lindbergh, flat at EUR6.40 per share, followed up on the closing of the acquisition of Salvucci Maurizio e C. for a value of EUR105,000.
Impianti, up 0.5%, reported third-quarter revenues of EUR 4.6 million, down 18% from EUR 6.2 million in the same period last year.
The dispute between Mare and Eles continues after the announcement of the takeover bid. After the partial offer in the summer to increase its stake to 30%, the Salerno-based digital engineering group - up 3.8% - returned with a total takeover bid at EUR 2.25 per share.
However, the board of directors of Eles, flat at EUR 2.29, led by Antonio Zaffarami, called it hostile and undervalued, with a 27% discount compared to the fair value of EUR 3.08 estimated by Kt Partners.
Redelfi gained 12% to EUR9.64 per share, while Markbass fell 12% to EUR2.64.
In New York, overnight in Europe, the Dow closed down 0.7% at 45,952.24, while the Nasdaq closed down 0.5% at 22,562.54 and the S&P 500 closed down 0.6% at 6,629.07.
Among Asian markets, the Hang Seng is down 1.9%, the Shanghai Composite is down 1.3%, and the Nikkei is down 1.5%.
On the currency front, the euro is trading at USD 1.1726 from USD 1.1676 at Thursday's stock market close, while the pound is trading at USD 1.3470 from USD 1.3430 at the last European close.
Among commodities, Brent crude is trading at USD 60.86 per barrel, up from USD 62.19 per barrel at Thursday's close, while gold is trading at USD 4,378.46 per ounce, up from USD 4,272.32 per ounce last night.
On Friday's economic calendar, at 1100 CEST, Eurozone consumer price index data will be released, while at 1135 CEST in the UK, a speech by Pill, a member of the Monetary Policy Committee, is scheduled.
At 1515 CEST, US industrial and manufacturing production data are expected.
On the Italian stock market, Vimi Fasteners' nine-month results are expected.
By Claudia Cavaliere, Alliance News reporter
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