(Alliance News) – European stocks rose on Friday as traders assessed the outlook that the Federal Reserve is likely to keep interest rates high for an extended period of time and mixed economic data from China. It started falling.
In Europe, investors will assess the final figure for euro zone inflation in April.
The FTSE Mib is down 47.50 points after closing 0.1% higher on Thursday at 35,410.13.
In Europe, London's FTSE 100 is down 5.00 points, Paris' CAC 40 is down 29.00 points and Frankfurt's DAX 40 is down 27.60 points.
Among small-cap stocks overnight, midcaps fell 0.2% to 48,394.73, small caps fell 0.3% to 29,506.86, and Italy Growth fell 0.3% to 8,224.39.
At last night's Mib, BPER Banca (up 3.2%) reported the successful completion of its second 'green' eligible senior senior bond issuance. The offering is for EUR 500 million and has a maturity of 7 years with the possibility of early redemption after 6 years.
Bank of Siena rose 2.1%. The bank said on Wednesday that rating agency Moody's Ratings has upgraded the bank's rating by one notch, specifically raising its standalone benchmark credit rating from “ba3'' to “ba2'' and its long-term deposit rating from “ba1'' to “baa3.'' Announced. ” and long-term senior unsecured debt from “Ba3” to “Ba2”.
“Moody's rating upgrade reflects the bank's improved creditworthiness in recent years, strengthened solvency and re-established ability to generate profits, due in part to a €2.5 billion capital increase and a favorable interest rate environment,” the bank said. . Outside.
Snam's board of directors (up 0.1%) announced on Thursday that it had approved its consolidated results for the first quarter of 2024. The period ended with a reported net profit of 337 million euros, up from 304 million euros in the first quarter of 2023. Sales were 895 million euros, down from 912 million euros in the first quarter of 2023. “Income from energy efficiency activities, particularly for residential use, decreased due to increased regulatory income related to the implementation of investment plans, increased WACC and increased output-based incentives,” the statement said. said Memo.
STMicroelectronics fell 0.4% to 38.8450 euros per share, reversing a five-session bullish trend.
At the tail end of the pack, Eni fell 2.2% for the third consecutive bearish session. The general meeting of shareholders approved the board of directors to proceed with share buybacks until the end of April 2025. The maximum number of shares to be purchased is 328 million common shares, with a total value of up to 3.5 billion euros.
Among mid-cap stocks, BFF Bank gained 2.9% after two bear markets. On a weekly basis, the stock lost more than 16% of its market capitalization.
GVS (+6.9%) announced on Tuesday that it ended the quarter with a net profit of 9.9 million euros, up 7.7% from 2.5 million euros a year earlier. Revenue increased to 105.4 million euros from 104.9 million euros in the first quarter of 2023.
Iren's Board of Directors (+0.4%) on Wednesday approved the consolidated financial results as of 31 March, ending the year with group net profit attributable to shareholders of €122.2 million, down nearly 10% on the same period last year. finished. .
El.En., on the other hand, gave up 14% of its profit after approving its interim report as of March 31, with pre-tax profit of 14.4 million euros, down 13% from 16.6 million euros as of March. did. 31st, 2023.
D'Amico, on the other hand, fell 12%. The stock, which has increased its market capitalization by more than 20% since the beginning of 2024, follows an overnight decline to close at -0.7%.
Among small-cap stocks, Conafi rose 12%, ending its fifth consecutive session in a bull market.
Datalogic rose 7.9%. The company reported on Wednesday that it ended the first quarter with a profit of 6 million euros, up significantly from 3.2 million euros in the first three months of 2023, thanks to proceeds from the sale of Informatics Holdings. Revenue amounted to 111 euros. This was a decrease of 3 million euros from 145.5 million euros in the same period last year.
The Board of Directors of Trevi Finanziaria Industrial (-1.8%) reviewed the results for the first three months of 2024, recording new orders of EUR 128.3 million. At the end of March 2024, the Group's order backlog amounted to EUR 755 million, an increase of 4.9% compared to December 31, 2023.
Unidata announced quarterly profit rose to 3.3 million euros from 3.1 million euros as of March 31, 2023, up 1.1%.
Among SMEs, Datrix rose 4.6% after announcing an important new strategic agreement with Direct Channel, a subsidiary of Mondadori Group's Mondadori Media. The agreement already calls for the integration of the MobiLit software platform of Datrix Group company PaperLit, a direct channel partner, with the digital solution for the management and sale of online subscriptions developed by the latter. ing.
Edil San Felice rose 6.9%, following Wednesday's 3.1% rise.
iVision Tech closed up 8.3%, its third consecutive session of gains. The SME approved on Tuesday several key operating figures for the period up to March 31, 2024, with an EBITDA of €510,000 as at March 31, 2024, up from €470,000 in the first quarter of 2023. increased by 10%.
Among the bearish stocks, CrowdfundMe fell, with a loss of 4.8%, making it the worst stock of the day.
In the European night market in New York, the Dow was down 0.1%, the Nasdaq was down 0.3% and the S&P 500 was down 0.2%.
Among Asian exchanges, the Hang Seng rose 0.5%, the Shanghai Composite marked 0.2%, while the Nikkei average remained at 0.4% on Parterre.
In currencies, the euro rose to $1.0866 from $1.0870 at Thursday's European stock market close, while the pound rose to $1.2666 from $1.2669 overnight.
Among commodities, Brent crude oil is trading at $83.78 per barrel, up from $83.17 on Thursday night. Meanwhile, gold is trading at $2,385.32 an ounce, up from $2,372.24 on Thursday night.
On Friday's macroeconomic calendar, wait for the Eurozone inflation rate to be announced at 11:00 CET.
In the afternoon, all eyes will be on the US Federal Reserve Board members Daley and Waller, while data from the Baker Hughes drilling rig is expected to arrive at 19:00 CET.
Among the companies in Piazza Affari, Imprendi Roma, Masi Agricola and Tribu are expected to perform well.
Maurizio Carta, Alliance News Reporter
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