(Alliance News) – On Wednesday, the main European stock markets closed in positive territory, while in the US, the probability that the Federal Reserve will cut interest rates by a quarter of a point on December 10 has become more substantial and is estimated at 85%, more than double that of a week ago.
The conflict between Russia and Ukraine could be resolved by the end of the year, with corrections to the peace plan proposed by the White House and endorsed by the EU.
Meanwhile, in the UK, the budget was a real blow, with a GBP 26.00 billion tax increase.
As a result, the FTSE Mib ended trading up 1.0% at 43,130.32 points, the Mid-Cap gained 0.4% to 58,244.11, the Small-Cap gained 0.4% to 35,481.25, and the Italy Growth advanced 0.1% to 8,324.67 points.
The CAC 40 in Paris rose 0.9%, the DAX 40 in Frankfurt rose 1.0%, and the FTSE 100 in London rose 0.9%.
Axel Rudolph of IG commented: “Unlike last year’s NIC move, nothing in the autumn budget is overtly inflationary, preserving the Bank of England’s ability to continue cutting rates. Financial markets reacted with a fall in UK yields, an appreciation of sterling, and a rise in the FTSE 100, although backward-looking consolidation remains a clear risk.”
“The most likely outcome is higher-than-expected growth, with inflation easing and rates falling, but fiscal uncertainty still hangs over the medium-term outlook,” the analyst concluded.
On the Milan Stock Exchange, Stellantis – down 1.1% – presented the Modello 332 Mhev project, the new Fiat 500 Hybrid designed to relaunch the Mirafiori plant. The production lines are already operational and, when fully operational, will be able to produce around 100,000 cars per year: production by the end of the year will reach 6,000 units, exceeding the 5,000 initially planned.
Poste Italiane returned to the bond market after four years, entrusting a group of investment banks with the mandate for a senior fixed-rate issue with an average maturity of five years, intended for institutional investors. The stock was up 0.6%.
Eni, fresh from a EUR10.0 million buyback, closed the session up 2.0% at EUR15.986 per share.
Lottomatica, which announced the purchase of treasury shares worth EUR 11.0 million, ended trading up 3.5%.
Prysmian rose 3.0% to EUR 85.22 per share, while Nexi brought up the rear with sales of 2.5%.
On the Mid-Cap, Ascopiave signed a preliminary purchase agreement for the acquisition of 100% of the share capital of Società Impianti Metano, a company active in the gas distribution sector, wholly owned by Sime Partecipazioni. The stock was up 0.6%.
Fincantieri fell 0.9% to EUR17.46. The US Navy changed plans for the USD22.00 billion Constellation program, which had been signed by the previous administration, but guaranteed Fincantieri new orders for smaller ships and cash compensation.
Banco di Desio e della Brianza – up 3.7% – announced a voluntary cash tender offer for all shares of Solutions Capital Management SIM, with the aim of accelerating growth in Wealth Management and integrating SCM’s multi-family office model, expanding services and solutions for high net worth clients.
Technoprobe performed well, with purchases of 5.1%, while Avio was still bearish at 4.4%.
In the small-cap sector, Trevi Finanziaria Industriale closed up 3.9% at EUR0.463 with a trading volume of EUR2.5 million during the session.
I Grandi Viaggi also rose, up 9.1% to EUR 2.27, while Softlab fell 6.2% to EUR 1.36 per share.
On the Italy Growth index, Metriks AI completed the acquisition of 100% of Systema’s share capital. The acquisition involves the transfer of Systema’s entire share capital to Metriks for a total consideration of EUR 500,000. The stock rose 1.3%.
Value Track on DHH – down 0.5% – confirms a fair value of EUR 29.30 per share, unchanged from the previous update at the end of September, compared to a market price of EUR 21.30.
In the report signed by Tommaso Martinacci and Marco Greco, commenting on the results for the first nine months of 2025, the analysts write that “the nine-month results were above our year-end expectations in terms of EBITDA and net profit, while they were slightly lower in terms of top line.”
GT Talent Group, which was not affected by trading, announced that Fortezza Capital Holding had decided not to proceed with the EUR1.3 million investment commitment made together with Global Capital Investment, which had led the board of directors to approve the new strategic plan on October 21.
Mare Group – up 2.5% – closed the first nine months of the year with pro forma production value of EUR 50.0 million, up 68% compared to EUR 29.8 million in 2024.
Circle, up 2.0%, was selected by the European Commission’s Directorate-General for Mobility and Transport to participate in the DiVINE project, dedicated to the digital transformation of inland navigation, and will receive funding of EUR157,500.
In New York, the Dow Jones gained 0.9%, the Nasdaq rose 1.0%, and the S&P 500 rose 0.9%.
On the currency front, the euro traded at USD 1.1599 from USD 1.1522 at Tuesday’s stock market close, while the pound traded at USD 1.3233 from USD 1.3101 last night.
Among commodities, Brent crude traded at USD 62.44 per barrel, up from USD 62.86 per barrel at Tuesday’s close, while gold was worth USD 4,163.06 per ounce, up from USD 4,093.42 last night.
Thursday’s economic calendar opens at 1000 CET with the Italian business and consumer confidence index, and at the same time, the M3 money supply index will be published, which measures the value of all currencies and liquid assets held in the Eurozone.
At 1100 CET, the focus will shift to Italian industrial sales, and at the same time, the spotlight will be on Eurozone consumer confidence and inflation expectations. At 1110 CET, there will be an auction of Italian BTPs with maturities of five and 10 years.
Starting at 1600 CET, the US will release its report on housing and durable goods.
On the Italian stock exchange, Ubaldi Costruzioni’s nine-month results are expected.
By Michele Cirulli, Alliance News Reporter
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