(Alliance News) – On Friday, the main European lists close the week of the BoJ, the Fed and the BoE with some difficulty.
Thus, the FTSE Mib closes in the red by 0.1% at 33,766.29, the Mid-Cap rises by 0.7% to 47,428.86, the Small-Cap loses 0.1% to 27,988.80, while the Italy Growth lost 0.2% to 7,786.46.
In Europe, the FTSE 100 in London ends in the red by 0.3% at 8,084.61, the DAX 40 in Frankfurt loses 0.3% to 19,916.56, while the CAC 40 in Paris loses 0.2% to 7,287.52.
“This week's post-Fed sell-off in global stock indexes continues as US PCE price inflation rises and German producer prices rose for the first time in 17 months. The looming government shutdown after the failure of a Trump-backed law could spoil the good mood of government officials, while the traditional Santa Claus rally of the stock market does not return,” commented Axel Rudolph, senior technical analyst at IG.
“As crude oil prices continue to fall on ample supply and Chinese demand concerns, natural gas prices rise to their highest level in more than a year on bets on global LNG demand. Oil prices Gold and silver are mixed amid low-volume year-end trading.”
In overseas macroeconomic news, the Federal Reserve's preferred measure of US inflation rose less than expected in November, data released on Friday showed.
According to the US Bureau of Economic Analysis, the index of personal consumption expenditures rose 0.1% in November, slowing from October's 0.2% increase.
On a year-over-year basis, PCE rose 2.4%, accelerating from 2.3% in October, but rising less than the 2.5% expected by analysts.
Core PCE, which excludes food and energy and is the U.S. central bank's preferred inflation indicator, also surprised on the downside.
Returning to Milan, on the Mib, ERG rises by 1.3%. The company and Duferco Energia, a company of the Duferco group which is among the main suppliers of electricity and gas in Italy, announced on Friday that they had signed a Pay As Produced power purchase agreement lasting five years for the supply of approximately 100 GWh/year of green energy produced by the Rotello wind farm in Molise, with an installed capacity of 42 MW.
The park, starting from 2025, will exit the incentive period.
Amplifon does best of all, in the green by 1.6%. The company announced that it had signed a new sustainability-linked loan for an amount of EUR75 million with Mediobanca, down 0.7%.
As the company explains in a note, in addition to the previous five sustainability-linked loans, this loan – lasting five years and amortising – is part of the process of continuous integration of ESG factors into the operational and financial strategy of the Amplifon group.
Among the bears is Saipem which sits at the bottom, dropping 6.1%. While Telecom Italia also goes down, down by 3.7%. The company on Thursday announced that it had received a binding offer for the purchase of Sparkle from the Ministry of Economy and Finance and from Retelit, a company controlled by the Asterion fund.
As stated in a note, the proposal confirms an enterprise value of EUR700 million for Sparkle and will be valid until January 27th.
Among utilities, Terna – in the green by 0.5% – announced on Friday that, in the month of November, the electricity demand in Italy was 25.1 billion kWh, in line with the same month in 2023.
A2A lost 0.2% after announcing on Thursday that the board had authorized the issuance, by 30 April 2026, of unsubordinated bonds for a maximum of EUR1.65 billion.
The bond issues will be used, among other things, to finance or refinance the group's investments and to maintain suitable levels of liquidity.
Among the midcaps, Iren rose by 0.2% after announcing on Friday that the outcome of the main auction of the capacity market for the delivery year 2026 confirmed for the Iren group, as already happened for the delivery years from 2022 to 2025, the allocation of 100% of the offered capacity.
In particular, offers were accepted for 2,047 MW of existing capacity in the Northern area, valued at a price of EUR46,000 per MW per year.
MAIRE collects 2.5% after announcing on Thursday that the subsidiary Nextchem has been awarded the licensing and Process Design Package for a sustainable aviation fuel plant in Sei Mangkei, in the province of North Sumatra, Indonesia.
This project will be the first plant to produce high-efficiency SAF primarily from palm oil processing residues, enabling full domestic valorization of feedstock, including used cooking oil, and demonstrating the economic sustainability of scale plants reduced.
De' Longhi – up 1.7% – announced on Thursday that the French competition authority had completed the analysis of specific behaviors carried out between 2009 and 2014 by some operators in the sector active in France who would have violated competition rules through the mutual exchange of information.
Among the bears are El.En. and Cementir Holdin, down 2.9% and 2.4% respectively.
On the Small-Cap, SIMEST, the Cassa Depositi e Prestiti group company for the internationalization of businesses, and BF – up 0.3% – signed a memorandum of understanding today aimed at encouraging new investments, greater competitiveness – also international – and growth on the market of companies in the agro-industrial chain.
Tesmec lost 1.9%. The company on Thursday announced that it had successfully completed the placement of a non-convertible, unlisted and unsecured bond.
This is represented by 80 bearer securities with a nominal unit value of EUR100,000 and a total principal amount of EUR8.0 million.
Somec is in the red by 1.8% after it announced on Friday that it had obtained orders worth a total of EUR65.5 million – of which EUR16 million in options – for the benefit of the Horizons division, engineered systems of naval architecture and civil facades .
The contracts, signed with three primary European shipyards, located respectively in Finland, Germany and Italy, concern seven newly built cruise ships, of which two have options.
Among SMEs, Eprcomunicazione rises by approximately 38%, while Finance For Food and Finanza.tech rise by 14%.
Yakkyo – not involved in the exchanges – announced on Friday that it had received from Banco BPM, in the fractional red at EUR7.68 on the Mib, a loan of EUR1.3 million at a fixed rate, with a duration of five years, without pre-amortization with installments monthly, 80% covered by the Mediocredito Centrale guarantee, to support the implementation of the company's growth and development strategies.
ATON falls to the bottom, dropping 8.9%.
In New York, the Dow is in the green by 1.4% at 42,921.67, the Nasdaq is up 1.3% at 19,624.08, as is the S&P 500 at 5,994.30.
Among currencies, the euro changed hands at USD1.0402 versus USD1.0379 at Thursday's European stock close. The pound is worth USD1.2561 from USD1.2550 on Thursday evening.
Among commodities, Brent is worth USD72.61 per barrel from USD72.75 per barrel at the close on Thursday. Gold trades at USD2,647.91 an ounce from USD2,592.35 an ounce late Thursday.
Monday's macroeconomic calendar opens at 0800 CET with UK GDP data, while at 0900 CET it is the turn of the Spanish GDP to be published.
At 1000 CET the balance of the Italian non-EU trade balance is published.
Overseas, at 1430 CET, Canada releases data on industrial product prices.
On the bond front, auctions of BTFs with 3,6 and 12 month maturities are held at 1500 CET in France, while those of Treasury bonds with 3, 6 months and two-year maturities are held at 1730 CET in the USA.
No particular communications are expected among the companies listed on Piazza Affari.
By Claudia Cavaliere, Alliance News reporter
Comments and questions to [email protected]
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