(Alliance News) - The Mib moves lower in the third session of the week, cruising in the 34,300 area and aligning with the trend of other European exchanges, with markets suffering from the news that the U.S. administration is reportedly considering imposing tighter trade restrictions on companies that continue to supply China with access to advanced semiconductor technology.

On the economic data front, the euro area's annual inflation rate stood at 2.5 percent in June, down from 2.6 percent in May and down sharply from 5.5 percent a year earlier.

The FTSE Mib moved just below par at 34,362.83 points.

In Europe, Paris's CAC 40 is giving up 0.4 percent, London's FTSE 100 is giving up 0.2 percent, and Frankfurt's DAX 40 is in the red by 0.3 percent.

Among the smaller listings, the Mid-Cap is giving up 0.5 percent to 48,493.49, the Small-Cap is advancing 0.6 percent to 29,286.62 while Italy Growth is in the red 0.3 percent to 8,112.89.

On the Mib, strength on A2A, which is up 1.6 percent to EUR1.88 per share, rearing its head after three bearish sessions.

Good buying also on Saipem, which moves ahead 1.2% to EUR2.39 per share, after a 1.5% loss on the eve of trading.

Green also for parent company Eni, which scores a plus 0.6% to EUR14.09 per share. Of note, the company and Kazakhstan's state-owned KazMunayGas - KMG announced Tuesday the start of construction of a 250 MW renewable and gas hybrid power plant at Zhanaozen in Kazakhstan's Mangystau region.

Goldman Sachas resumes coverage of Prysmian, setting the target price at EUR70.00. The stock -- which trades in the red by 0.8 percent -- is priced in the EUR62.26 per share area.

Iveco, on the other hand, is giving up 1.4 percent to EUR11.33 per share, following the 0.2 percent drop in the previous session and placing itself at the tail end of the list.

Amplifon on the other hand gives up 1.1 percent to EUR30.80, in its third session with a bearish candle.

On the cadet segment, strength on Fincantieri, which brings the price up 3.3% on its second bullish session.

Ariston Holding moves ahead 0.2 percent to EUR4.93. It should be noted that the stock since the start of 2024 marks a loss of more than 34%.

Pier Silvio Berlusconi, CEO of MFE-MediaForEurope, announced Tuesday evening at a meeting with journalists a 6.7 percent growth in the group's advertising revenues in Italy and Spain compared to the same period in 2023. Consolidated Ebit, on the other hand, is expected to increase by 11 percent.

Class A shares are advancing 0.2%, while Class B shares are in the green by 0.1%.

The Italian Sea Group, on the other hand, is stepping back 2.3 percent, after declining 0.5 percent on the eve.

On the Small-Cap, Bastogi is giving up 2.9%, on the heels of Tuesday's 0.2% decline.

On the other hand, Aeffe is giving up 2.6 percent to EUR0.7520 per share, after two bullish sessions.

doValue - in the red by 0.4% - announced Tuesday that it will increase assets under management through the contribution of UTP loan portfolios and a stage 2 component for a gross book value of EUR300 million.

Piquadro - in the green by 1.0 percent - reported Wednesday that consolidated sales for the first three months of fiscal year 2024/2025 ended June 30 amounted to EUR36.1 million, up 4.9 percent from EUR34.4 million in the same period a year earlier.

Banca Sistema, meanwhile, advances 1.9 percent, on its fourth bullish candlestick session.

Giglio Group -- ahead by more than 15 percent before going into volatility auction -- on Wednesday announced the launch of OMNIA. The new advanced technology platform, based on artificial intelligence, represents the innovative merger and evolution of Giglio Group's two proprietary platforms Flex and Nimbus, and offers an integrated end-to-end approach to managing both the physical and online purchasing process, from the initial order stage to final delivery.

Among SMBs, buying on eViso, which takes the price to EUR4.82 up 3.9 percent, following up on eve's 6.4 percent gain. The stock previously came from six closing sessions with a bearish candle.

Health Italia, on the other hand, is advancing 1.4 percent, following up on eve's 8% gain.

DHH, on the other hand, is giving up 2.7 percent. The company, which is continuing steadily with its buyback plan, most recently reported that last week's transactions involved about 3,500 of its own ordinary shares for about EUR105,000.

SolidWorld Group--declining 1.0 percent--reported Tuesday evening that the capital increase had been successfully concluded with the subscription of all 811,250 newly issued ordinary shares, worth nearly EUR2.3 million.

In New York overnight Europe, the Dow rallied 1.9 percent, the Nasdaq closed in the green by 0.2 percent, and the S&P 500 was up 0.6 percent.

Among Asian exchanges, the Nikkei gave up 0.4 percent, the Shanghai Composite gave up 0.5 percent, and the Hang Seng closed just above par.

Among currencies, the euro changed hands to USD1.0942 from USD1.0884 in Tuesday's European stock close while the pound was worth USD1.3042 against USD1.2958 last night.

Among commodities, Brent crude is trading at USD83.59 per barrel from USD84.03 per barrel at Tuesday's close. Gold, on the other hand, trades at USD2,473.84 an ounce from USD2,464.92 an ounce Tuesday night.

Wednesday's macroeconomic calendar includes the US mortgage data at 1300 CEST, while at 1430 CEST the various reports on the housing market will be available.

At 1630 CEST the crude oil stocks data, Cushing inventory and the EIA report will be released.

Among the companies on the stock exchange, Altea Green Power will release its half-year results.

By Maurizio Carta, Alliance News reporter

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