(Alliance News) – Major European stock markets confirmed expectations on Friday and opened in positive territory – with the exception of Frankfurt – ahead of mid-morning flash data on the consumer price index for the eurozone.
Thus, the FTSE Mib is in the green at 0.1 per cent at 24,863.08, the Mid-Cap is down by 0.1 per cent at 40,589.71, the Small-Cap is a fraction of the green at 28,322.14, while Italy Growth is in fraction of red 9,388.00.
In Europe, Paris’ CAC 40 rose 0.1%, London’s FTSE 100 gained 0.3%, while Frankfurt’s DAX 40 fell 0.1%.
“The start of 2023 has generally been positive for European markets, as optimism that inflation has peaked, coupled with falling oil and gas prices, suggests that central banks may not be forced to tighten policy as aggressively as feared in late 2022,” said Michael Hewson, chief market analyst at CMC Markets.
“The current EU flash CPI for December could further fuel the peak inflation story if, as expected, headline inflation falls to 9.5% from 10.1% in November, even if a recovery in basic data would alleviate this situation somewhat”.
In macro news, factory orders in Germany fell 5.3% month-on-month in November 2022, after growth was revised down by 0.6% in October, lagging behind market expectations for a decline. by 0.5%, recording the largest decline since October 2021.
Additionally, retail sales in Germany rose 1.1% month-on-month in November 2022, following a 2.8% decline in October and as market forecasts called for a 1% increase.
In Japan, the services sector ended the year with further expansion in manufacturing and orders, according to data provided Friday by S&P Global.
The Bank’s services activity index in Jibun rose to 51.5 in December from 50.3 in November.
Milan, in the main list of Piazza Affari, ERG rises by 0.4%, as does Snam, after the latter declared on Tuesday that the natural gas stocks as at 31 December 2022 in the storages of the subsidiary Stogit amounted to 9.3 billion of cubic metres, plus 4.5 billion cubic meters of strategic storage.
This is about 2.6 bcm more than the inventory of 6.7 bcm at the end of December 2021.
Stellantis, down 1.4%, said Thursday it will “significantly expand” its partnership with Archer Aviation – a California-based company that markets electric vertical take-off and landing aircraft – after joining forces to produce the Archer’s Midnight eVTOL aircraft.
Stellantis also agreed to provide up to $150 million in stock for a possible acquisition by Archer, at its discretion, in 2023 and 2024.
Hera rose by 1.1% after announcing Thursday 150 million euros of investments in district heating for the 2023-2026 period.
Among these, three Hera group projects dedicated to district heating – Bologna, Ferrara and Forlì – obtained funding under the National Recovery and Resilience Plan, the “Green Revolution and Ecological Transition” mission, for a total amount of almost 50 million EUR.
Terna gains 0.5% after signing the agreement for the acquisition of 100% of the capital of Edyna Transmission, a company of the Alperia group dedicated to the transmission sector, owner of 34 km of high voltage lines and two power plants. .
The assets are already part of the national electricity transmission grid and were acquired by Terna for a total value of approximately 14 million euro. The agreement is subject to compliance with certain conditions.
Moncler, meanwhile, fell 0.5 percent as Bernstein raised its price target from 54.00 euros to 60.00 euros.
On the Mid-Cap, PharmaNutra is not yet traded. The company announced the conclusion of three new international trade agreements for the distribution of SiderAL and Cetilar product lines in the Republic of Indonesia, Kuwait and Mexico.
With the conclusion of these new contracts, the PharmaNutra group now has 47 distributors in 70 countries in Europe, Asia, Latin America and Africa.
Webuild is flat. The company announced that it purchased 40,500 shares of its common stock in the week of December 28 to 30, 2022 inclusive.
In the small cap market, BasicNet was up 1.3%. The company announced on Friday that it purchased 16,500 of its common shares between Dec. 27 and Dec. 30. To date, the company holds 3.9 million treasury shares, equal to 7.2% of the share capital.
Civitanavi Systems is positive by 0.7%. The company announced that it has signed a ruling agreement with the Revenue Agency which will allow the company to access the Patent Box tax benefit for the intellectual property of patents and know-how.
The tax benefit for the five-year period 2017-2021 will be accounted for in the 2022 financial statements and the quantification will take place when preparing the financial statements.
Among SMEs, Clabo lost 0.5% after gaining 22% at Thursday’s close and announcing Wednesday that its US subsidiary Howard McCray had concluded two commercial agreements worth a total of 750,000 dollars, or 710,000 euros, with two distribution chains operating in the HoReCa channel.
The two commercial agreements concern deliveries to be made in 2023 for the products of the “Dairy – Multipurpose” line.
The circle increases by 1.3%. The company announced on Monday that it has signed a new contract through the Log@Sea commercial network to supply advanced gate automation solutions to a major multi-purpose terminal in the Tyrrhenian Sea.
“The order, whose value exceeds 145,000 euros, concerns the creation of a complete project of specialist hardware components and Milos software for the management of access control procedures for vehicles and intermodal transport units. This confirms the timeliness and market confidence in the solutions that underpin our Connect 4 Agile Growth plan”, explained Luca Abatello, President and CEO.
Pharmacosmos is in the red by 2.6 percent. The company said Wednesday that Chief Executive Officer Fabio de Concilio has bought more than 26,500 common shares of the company.
In Asia, the Nikkei finished up 0.6 percent to 25,973.85, the Shanghai Composite was up 0.1 percent to 3,157.64, while the Hang Seng finished in the red 0.3 per cent. cent to 20,991.64.
In New York on Thursday, the Dow closed in the red 1.0% at 32,930.08, the S&P fell 1.2% to 3,808.10, while the Nasdaq fell 1.5% to 10,305.24.
Among currencies, the Euro traded from USD 1.0520 to USD 1.0525 by Thursday’s close. On the other hand, the pound was worth USD 1.1891 versus USD 1.1897 last night.
Among commodities, Brent crude oil is trading at $78.95 a barrel, down from $78.14 a barrel last night. Gold, meanwhile, is trading at $1,842.45 an ounce versus $1,826.70 an ounce on Thursday night.
Friday’s macro calendar includes a slot for the UK construction PMI at 10:30 CET, half an hour ahead of consumer and business confidence, retail sales and eurozone inflation.
From the US, focus on nonfarm payrolls for December, 14:30 CET, along with the unemployment rate. At 16:00 it will be the turn of the factory orders and data on durable goods. 19:00 CET, the day will conclude with data from the Baker Hughes plant.
Among the commercial activities of Piazza Affari, no major events are planned.
By Claudia Cavaliere, journalist of Alliance News
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