(Alliance News) – On Thursday, Europe’s main stock markets confirmed expectations and opened in negative territory until a series of related publications on macroeconomic aspects between Italy and the euro area were released.
Accordingly, the FTSE Mib opened 0.6% in the red at 34,283.62, with mid-caps down 0.3% at 46,257.08, small-caps at 28,285.21 and Italian growth stocks up 0.1% at 7,949.18.
In Europe, London’s FTSE 100 is in the red by 0.5%, Paris’ CAC 40 is in the red by 1.1%, and Frankfurt’s DAX 40 is also in the red.
In macroeconomic news, data released Thursday by the Federal Statistical Office showed German retail sales rose 1.2% month-on-month in September, following a downwardly revised 1.2% increase in August and 0.5% above expectations. This exceeded the decrease.
Furthermore, Destatis reported that German import prices fell by 1.3% in September compared to the same month last year, ending three months of increases following a 0.2% rise in August.
According to an Economy Ministry report from Japan, the country’s industrial production rose 1.4% month-on-month in September, bucking the previous month’s 3.3% decline and beating the market consensus for 1.0% growth.
Back in Milan, Stellantis, which is on the Milan Stock Exchange’s list of top market capitalizations, was the best performer, rising 1.3%. The company reported on Thursday that it ended the third quarter of this year with net revenue of 33 billion euros, up from 45.1 billion euros in the same period in 2023. This was primarily due to lower volumes and unfavorable mix and pricing effects. And foreign exchange, the company explained in a note.
Combined deliveries were 1.1 million units, down from 1.4 million units in the third quarter of 2023, down 20% year over year.
Tenaris also went green with an increase of 0.4%, while Interpump Group rounded out the podium with an increase of 0.3%.
Among bearish stocks, Ampliphone is at the bottom with a decline of 2.1%. The company said the group’s recurring net profit for the first nine months was 107.4 million euros, down 4.8% from 112.8 million euros in the same period in 2023, affected by higher depreciation and finance charges. Reported.
UniCredit (down 0.4%) announced on Thursday the early termination of the offering period relating to its €77 million fixed and floating rate senior notes due October 14, 2037.
According to the memo, the company announced that “the total notional amount of bonds held by UCB AG was sold on October 30, the last day of the offering period.”
Prysmian fell 0.3% on Thursday after announcing that its first nine months of sales ended at 12.36 billion euros, up from 11.82 billion euros, as of September 30, 2024.
Group net profit for the period was 619 million euros, compared to 575 million euros in the same period last year.
Inwit announced that it had completed a transaction to acquire exclusive control of 52.08% of the share capital of Smart City Roma Spa, relinquishing 0.6%. Smart City Rome Spa was won in a public tender by Roma Capital late last year. Rome 5G project.
In the cadet sector, Sesa rose 0.7 percent after announcing on Wednesday it had acquired a 66 percent stake in Green Sun, a company specializing in renewable energy and energy-saving technologies.
The acquisition, through its subsidiary PM Services, is the first step in the integration that will lead to the merger of Green Sun and PM Services, creating a national carrier with expected annual revenues of approximately 310 million euros. Become.
Technogym’s board of directors (1.1% surplus) reported on Wednesday that consolidated sales for the first nine months of the 2024 financial year amounted to 621.6 million euros, up 10% from 565.2 million euros in the same period in 2023. .
Lottomatica Group (down 0.3%) said its board on Wednesday approved consolidated interim financial statements for the nine months to September 30, with total revenue for the period of 27.8 billion euros, up from 21.71 euros. It was announced that there was an increase of 28%. Revenues increased by 19% to €1.42 billion from €1.19 billion in the first nine months of 2023.
On the small-cap side, Risanamento (flat at 0.02 euros per share) reported on Wednesday that it ended the first nine months of the year with a net loss of 27.5 million euros, compared to a net profit of 16.7 euros. In the same period last year, the number was 1 million.
Production value fell to 774,000 euros from 56.7 million euros in the same period last year, and revenue plummeted from 586.7 million euros to 111,000 euros.
Erica gave up 2.2% on Wednesday after reporting an 81% drop in net profit and nine months of lower revenue compared to the same period in 2023.
Consolidated sales for the first nine months amounted to 341.6 million euros, down 5.2% from 360.2 million euros in the same period last year. Sales for the July-September period were 104.2 million euros, down 1.3% from 105.6 million euros in the same period in 2023.
Edison was flat at 1.82 euros per share. The company reported net profit as of September 30, 2023, of €486 million to €403 million, ending the first nine months of the year.
EBITDA for the period amounted to EUR 1.4 billion, up from EUR 1.2 billion in the first nine months of 2023, an increase of 13%.
Among smaller companies, Casta Diva Group rose 2.7% to 1.37 euros per share. The company announced on Thursday that its board of directors has resolved to propose a dividend in kind of ordinary cash and company stock to the shareholders’ meeting.
Specifically, it proposed an allotment of 0.03471 euros per share, for a total amount of 693,000 euros, and one Casta diva share for every 250 shares held, for a total amount of 107,000 euros.
Relatec (flat at 2.53 euros per share) reported sales of about 65.7 million euros on Thursday, compared to sales of 66.5 million euros in the first nine months of 2023.
Neosperience reported on Wednesday that sales for the first nine months were 16.2 million euros, up 4.3% and up 14% from 14.3 million euros in the same period in 2023.
The statement said the numbers are in line with budget projections included in the strategic plan presented to investors last July.
In Asia, the Nikkei Stock Average fell 0.5% to close at $39,081.25, the Hang Seng Stock Average fell 0.3% to $20,317.33, and the Shanghai Composite Stock Price Index rose 0.4% to close at $3,279.82.
In New York, the Dow Jones fell 0.2% to close at $42,141.54 in the red, the Nasdaq fell 0.6% to $18,607.93 and the S&P 500 fell 0.3% to 5,813.67.
Among currencies, the euro rose from $1.0860 to $1.0857 at Wednesday’s European stock market close. The pound traded at $1.2989, up from $1.3008 yesterday.
Among commodities, Brent crude oil is valued at $71.99 per barrel, up from $72.70 on Wednesday night. Gold is trading at $2,789.45 an ounce, up from $2,785.06 an ounce overnight.
On Thursday’s economic calendar, Italy’s unemployment rate will be announced at 1000 CET, followed by the euro zone inflation rate an hour later.
At 1200 CET, Italy again reports industrial sales.
In the United States, data on unemployment claims will be released at 1330 CET, and in the evening the Federal Reserve’s weekly balance sheet will be released at 2130 CET.
Among the companies located in Piazza Affari, companies such as Convergenze, Esautomotion, Intesa Sanpaolo, NVP, Relatech, Reway Group, STMicroelectronics and VNE are among the companies with promising results.
Claudia Cavaliere, Alliance News Reporter
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