Markets up; buy on Stellantis and Prysmian

(Alliance News) - European equities are maintaining a positive trajectory in Friday's session, with this performance, if confirmed at the close, projecting the indices towards the close of the second consecutive week of gains.

Market sentiment is consistently buoyed by expectations of a further rate cut by the Federal Reserve, expected next week, which is fueling a general risk appetite in global stock markets.

European operators also continue to closely monitor the progress of US-led negotiations aimed at resolving the conflict in Ukraine, a significant geopolitical risk factor for regional stability.

The MIB thus advanced by 0.1% to 43,552.30 points.

The CAC 40 in Paris rose 0.3%, the DAX 40 in Frankfurt rose 0.6%, and the FTSE 100 in London advanced 0.2%.

Among the smaller indices, the Mid-Cap rose 0.5% to 58,705.00 points, the Small-Cap rose 0.6% to 36,142.58, and the Italy Growth gained 0.2% to 8,516.95 points.

On the Milan Stock Exchange, Stellantis got off to a good start, aiming for its third bullish session, up 1.3%.

Prysmian also performed well, rising 1.6% to EUR85.86 per share, following on from the previous session's 2.3% gain.

Leonardo, down 1.1%, announced on Friday that it had signed a multi-year contract with the Italian Air Force's National Armaments Directorate for logistical support for the C-27J "Spartan" tactical transport aircraft fleet and for the full-motion simulator at the International Training Center in Pisa. The agreement will come into force in 2026 and will run until 2028.

Amplifon, on the other hand, opened fractionally lower at EUR13.41 per share. It should be noted that Goldman Sachs has revised its target price on the stock to EUR14.00 from EUR14.50.

In the mid-cap sector, Fincantieri is up 3.3% to EUR 17.77 per share.

Technogym advanced 3.2% to EUR16.42. It should be noted that during trading, the stock updated its new 52-week high to EUR16.52 per share.

Avio, up 1.6%, announced on Friday that, following the recent European Space Agency Ministerial 2025, the overall European space budget has been increased by 30% compared to the previous three-year period, reaching EUR 22.1 billion, the highest level in the Agency's history. Italy confirms its central role, with commitments of approximately EUR 3.5 billion, equal to about 16% of the total allocated by member states. Thanks to this increase in resources, Avio expects to win new contracts worth over EUR 600 million in the period 2026-2027, with execution expected by 2028-2029.

Iren, on the other hand, is down 0.7%, heading for its fifth consecutive bearish session.

In the small-cap sector, Trevi Finanziaria is performing well, up 5.9% to EUR0.61 per share, taking the top spot on the list.

BasicNet, up 2.6%, announced on Thursday that it had reached an agreement to acquire the Sundek brand along with 100% of Kickoff Spa, the current owner and manager of the brand, controlled by Winnie Srl. The initial consideration for the transaction amounts to approximately EUR 10 million.

Bestbe Holding - still not traded - announced the resignation of the entire board of directors following the resignations of directors Angelo Paletta and Emanuela Cipollari on November 21 and Carlo Casilli on November 26, who also left his operational duties. To ensure continuity, director Rosario Caiazzo has been appointed interim chairman and CEO.

Landi Renzo, on the other hand, fell 1.7%, its third consecutive session of decline.

Among SMEs, Eprcomunicazione advanced 8.1%, following a 4.6% gain the previous day.

Ena - still untraded - announced that the board of directors has decided to propose to the shareholders' meeting on January 29-30, 2026, the authorization to purchase and dispose of treasury shares, as part of the already approved plan. The request provides for a maximum value of EUR 400,000 over 18 months to support the liquidity of the stock and use the shares as possible consideration in extraordinary transactions.

Espe - up 1.3% - announced on Thursday that it had signed a joint venture agreement with Esco Agroenergetica Srl through the establishment of the new company HelioGea Energy Srl aimed at developing small-scale agrivoltaic solutions intended in particular for farms with less than 3,000 square meters of available land.

Compagnia dei Caraibi fell 5.2% to EUR0.29 per share, after losing 10% in the previous session.

In New York, the Dow lost 0.1%, the Nasdaq gained 0.2%, while the S&P 500 ended up 0.1%.

Among Asian markets, the Nikkei fell 1.1%, the Hang Seng advanced 0.6%, while the Shanghai Composite rose 0.7%.

On the currency front, the euro is trading at USD 1.1656 from USD 1.1656 at Thursday's stock market close, while the pound is trading at USD 1.3348 from USD 1.3351 last night.

Among commodities, Brent crude traded at USD 63.25 per barrel, down from USD 63.54 per barrel at yesterday evening's close, while gold traded at USD 4,222.97 per ounce, up from USD 4,213.96 per ounce yesterday evening.

On Friday's economic calendar, the Eurozone employment report is due at 1100 CET.

In the afternoon, starting at 1600 CET, the spotlight will be on the US with the consumer spending price index and, from 2130 CET, on net speculative positions on commodities.

No significant announcements are expected from the Italian stock exchange.

By Maurizio Carta, Alliance News Reporter

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