(Alliance News) - On Friday, on a day that is expected to be quiet on the macro front as Italy awaits trade balance data and Germany releases its wholesale price index, markets according to IG futures are expected to be in negative territory.
Thus, IG futures give the FTSE Mib at par or up 10.0 points after closing up 0.8 percent at 28,774.77.
Paris' CAC 40 is expected to be down 7.8 points or 0.1 percent, Frankfurt's DAX 40 is given down 0.1 percent or up 10.4 points, while London's FTSE 100 is expected to be down 0.1 percent or 9.0 points.
In macroeconomic news, wholesale prices in Germany fell for the third consecutive month in June to 2.9 percent year-on-year, marking the steepest decline since June 2020, following a previous 2.6 percent drop in May.
Returning to Milan's smaller listings on Thursday, the Mid-Cap gave up 0.1 percent to 43,870.87, the Small-Cap closed 0.2 percent in the red to 26,690.82 while Italy Growth rose 0.2 percent to 9,105.62.
Among blue chips, good session for Banca Monte dei Paschi, which closed up 3.9% at EUR2.4960 per share and for the fifth session in a row on the bullish side.
High quarters also for another banker, BPER, which put up 2.2 percent, closing at EUR2.93. The stock on the day touched a new 52-week high at EUR2.95 per share.
Pirelli closed up 1.8 percent, on its third bullish session and with new price at EUR4.72 per share.
"Telecom Itala back in the spotlight over debt and ongoing maneuvers on network sale. The telephone group issued a EUR750 million bond at a record 7.875% rate as rumors emerge that the Abu Dhabi sovereign wealth fund is in talks with the Americans of Kkr to jointly take over the Telecom infrastructure," writes Alliance News columnist Francesco Bonazzi. The stock closed up 0.3 percent.
"The market capitalization of the Pietro Labriola-led group is at EUR5.45 billion while net financial debt is traveling at EUR25.5 billion. Bids for the network, so far, are worth just over EUR23 billion but the top shareholder, Vivendi SA -- with 24 percent -- expects EUR30 billion and the game is stalled. TIM's bond is a EUR750 million unsecured, fixed-rate, five-year term placed at a 7.875 percent rate reflecting the uneasy market phase and the need for financial oxygen for a group that expected to resolve the network dossier much sooner. The bond includes a put option in the event of a takeover bid. At the same time, two issues were repurchased on the market worth EUR2 billion," Bonazzi points out.
Prysmian Group - down 0.5 percent - on Thursday signed with a pool of leading domestic and international banks the renewal of a long-term Sustainability-Linked revolving credit facility worth EUR1 billion.
On the cadet segment, boost on Zignango Vetro, which took home 1.4 percent positioning itself for the third session in a row on the bullish side.
Datalogic, on the other hand, picked up 1.6 percent, following eve's decline with 0.4 percent and setting the price in the EUR6.79 area.
Tamburi Investment Partners - in the green with 0.3 percent - reported Thursday that Standard Ethics, an independent agency that analyzes sustainability policies put in place by companies, raised TIP's Corporate Standard Ethics Rating to "EE" from the previous "EE-" with "Positive" Outlook.
Tod's -- in letter with 2.7 percent -- announced Wednesday evening that Walter Chiapponi will leave the creative direction of Tod's Men's and Women's brand collections. The decision, it said, was made by mutual agreement. The stock closed the session down by %.
LU-VE - down 2.3 percent - reported on Thursday key results as of June 30, having reported product sales of EUR319.6 million, up 2.7 percent from the same period in 2022. On a like-for-like basis, the change would have been 0.7%.
On the Small-Cap, after the boost that led Restart to appreciate with 8.6 percent after the eve's red with 1.5 percent, the shares closed flat at EUR0.1970. The stock on a monthly basis marks minus 18%.
Buying prevailed on Aquafil, on the list highs with a plus 7.9% and rearing its head after two sessions among the bearish.
PLC, on the other hand, took home 4.4 percent, after eve's 1.8 percent loss.
Among SMEs, Finance.tech closed ahead with 7.7 percent. High trading volume of about 138,000 was recorded on the stock, compared to a three-month daily average of about 19,000.
Franchetti, on the other hand, rallied 3.3 percent, rearing its head after two sessions in negative balance.
Svas Biosana--flat at EUR7.58--reported Thursday that it had completed the issuance of two bonds totaling EUR13 million. The two bonds, which are non-convertible and non-subordinated, are instrumental in supporting the group's investment plan and were underwritten by Crédit Agricole Italia, in the role of anchor investor, Iccrea Banca, Banca di Credito Popolare and Finest.
In Asia, the Nikkei is in the green 0.1 percent to 32,437.73, the Hang Seng is picking up 0.5 percent to 19,438.73, and the Shanghai Composite is up 0.1 percent to 3,240.95.
In New York on Thursday, the Dow Jones closed in the green by 0.1 percent to 34,395.14, the S&P rallied 0.9 percent to 4,510.04, while the Nasdaq was up 1.6 percent to 14,138.57.
Among currencies, the euro changed hands at USD1.1222 against USD1.1191 on Thursday's European equities close, while the pound was worth USD1.3131 from USD1.3100 on Thursday evening.
Among commodities, Brent crude is worth USD81.40 per barrel versus USD80.41 per barrel at Thursday's close. Gold, on the other hand, trades at USD1,964.20 an ounce from USD1,960.57 an ounce on Thursday evening.
On Friday's macroeconomic calendar, at 1000 CEST, from Italy, focus on the trade balance, followed at 1100 CEST by that of the Eurozone.
At 1430 CEST, from the US, eyes on the import and export price index while, at 1900 CEST, the Baker Hughes drilling rig data will be released and, at 2230 CEST, as usual on Friday, the COT Report will be released.
Among the companies in the Square of Business, no particular announcements are expected.
By Claudia Cavaliere, Alliance News reporter
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