(Alliance News) – Piazza Affari – as stocks cheer on the US inflation reading and the dollar hit a new six-month low on the Fed’s further drop in tightening forecasts – closed in positive territory on Thursday along with other European quotes.
“A series of trading updates pushed the FTSE 100 to 7,800 for the first time since May 2018, as the UK index today outperformed its European and US counterparts. Homebuilders and retailers have found relief, if not more because the UK economy appears to have recovered significantly in recent months. The second half of the year still looks uncertain, as everyone has been keen to point out in their trade updates, but the situation looks much better at the moment than we feared,” he commented Chris Beauchamp, chief market analyst at IG.
Abroad, “if the jobs situation remains strong, the Fed will be happy to see that the inflation outlook is also improving. The steady decline in the rate of price increase may not be much comfort to consumers, but it’s music for ears of equity investors. For the dollar, however, further declines are on the horizon, continuing the trend from the end of last year”.
Thus, the FTSE Mib closed up by 0.7% at 25,733.96, the Mid Cap rose by 0.1% at 41,671.59, the Small Cap rose by 0.8% at 29,198.94 and Italy Growth closed up 0.2% at 9,502.01.
The FTSE 100 finished up 0.9%, as did the Paris CAC 40 and the Frankfurt DAX 40.
On the main price list of Piazza Affari, Iveco gains 4.4%. On Wednesday, the company confirmed that Iveco Bus, a brand of the group, has signed a three-year framework agreement for the supply of up to 150 fully electric city buses from E-WAY Busitalia, the bus company of the FS Italiane group which operates mainly in of local public transport, directly and through subsidiaries. It will represent, Iveco adds, the largest E-WAY city bus order to date in Italy.
Eni – with a green stake of 1.2% – announced Thursday that through Vr Energi, a listed company of which it is the main shareholder, it will participate in a total of 12 new exploration licenses following the “2022 Awards in Predefined Areas” tender launched by the Norwegian Ministry of Petroleum and Energy.
Vr Energi has obtained 5 licenses as operator and 7 licenses as partner. The licenses are distributed over the three main mining areas of the Norwegian continental shelf.
New historical record for Terna – +1.3% – which in 2022 saw the Ministry of the Environment and Energy Security and the regional departments authorize 29 projects, for a total value of over 2.5 billion euros of investments, aimed at to the development of the national electricity grid.
After having exceeded one billion euros in authorized investments for the first time in history in 2021, the company led by Stefano Donnarumma recorded a new record in 2022, more than doubling the figure of the previous year and substantially tenfolding the value of 2020. where the investments amounted to 266 million euros.
On the downside, Interpump fell 1.0%, after greening 1.9% in the previous session. DiaSorin, on the other hand, lost 1.7%, after gaining 0.3% in the previous session.
In the Mid-Cap, the contracting station Emilia-Romagna Territorial Agency for Water and Waste Services – ATERSIR stipulated with Iren Ambiente, a company controlled by Iren – +0.5% -, contracts for the concession of the public service of waste management in the Parma and Piacenza basins for a period of 15 years, from 1 January 2023.
The two concessions – awarded following public tenders – involve 89 municipalities, for a total amount of 1.3 billion euros based on auctions. The reductions at the basis of the tender presented by Iren Ambiente will allow the local area to save almost 60 million euros in 15 years.
Mondadori closed 0.8% in the red after announcing Thursday that Stefano Peccatori will take the helm of US publisher Rizzoli International Publications, the market leader in the illustrated book segment, and Rizzoli Bookstores, which houses one of the most prestigious bookstores in New York, starting this month.
Seco fell 3.2%. The company announced on Wednesday that it had processed its pre-closing revenues for fiscal year 2022, which amount to 200 million euros, up 78% compared to 2021 and in line with the official forecast communicated to the market last April. . Organic growth was 43%, while like-for-like growth was 36%.
In small caps, d’Amico International Shipping climbed 4.8% after announcing on Thursday that its operating subsidiary Amico Tankers DAC (Ireland) had exercised the call option under the bareboat charter-in agreement for MT High Freedom, a 49,999 deadweight tonnage MR built in January 2014 Hyundai-Mipo, South Korea, for $20.1 million.
d’Amico Tankers is expected to acquire full ownership of the vessel in April 2023.
Cellularline – +2.0% – announced that Mauro Borgogno has been appointed as the company’s new chief financial officer and in charge of drafting the corporate accounting documents.
Among SMEs, Racing Force rose 1.5% after announcing it completed accelerated construction on a portfolio of 1.9 million newly issued common shares.
The newly issued shares were subscribed at a unit price of Euro 5.15, for a total value of Euro 10.0 million.
Askoll EVA closed up more than 17 percent after announcing on Wednesday evening that it had received a new order from its customer Cooltra, a company active in sustainable two-wheeled mobility in Europe with a fleet of over 20,000 vehicles. The value of the order is approximately 1.3 million euros.
Omer closed up 1.7% after announcing on Thursday it had signed a contract with Knorr-Bremse Rail Systems Italy to supply toilet modules.
The contract awarded to Omer concerns the supply of toilet modules for 42 trains, for a total contract value of approximately 5 million euro. Production and delivery will begin in the first quarter of 2023, with a total contract duration currently expected to be approximately two years.
Grifal, on the other hand, lost 4.9 percent, in full profit taking after yesterday’s profit exceeded 18 percent. The company announced that it has entered into an agreement with Jos Neves Group to produce cArt-branded corrugated cardboard in Portugal through the Seven cArt Lda joint venture.
In New York, the Dow was in the green 0.4% at 34,106.25, the S&P 500 was split in the green at 3,971.29, while the Nasdaq was down 0.1% at 10,916.02.
Among currencies, the euro traded from USD 1.0812 to USD 1.0751 by Wednesday’s close. On the other hand, the pound was worth USD 1.2163 versus USD 1.2129 last night.
Among commodities, Brent crude oil is trading at $84.35 a barrel, down from $79.94 a barrel last night. Gold, meanwhile, is trading at $1,895.10 an ounce, down from last night’s $1,880.30 an ounce.
Friday’s economic calendar starts in Japan at 0050 CET with M2 and M3 money supply data.
In China, at 04:00 CET it is the turn of the trade balance and import and export data.
In the European morning, at 08:00 CET, the United Kingdom publishes its GDP, the monthly change in prices of the services sector, manufacturing production and the trade balance.
Also in Europe, between 0845 CET and 0900 CET, the consumer price index for France and Spain is published.
At 10:00 Italy publishes data on industrial production and the GDP of Germany.
At 11:00 CET it is the turn of the industrial production data from the Eurozone.
At 14:00 CET, Spain publishes its Consumer Confidence Index.
No particular announcement is foreseen among the companies listed on Piazza Affari.
By Claudia Cavaliere, journalist of Alliance News
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