(Alliance News) – On Friday, reflecting the trend of the week, European stock markets closed lower but cautiously, with the exception of the DAX.
Among macroeconomic data, inflation remained broadly stable in September and in line with expectations. According to data from the US Bureau of Economic Analysis, the personal consumption expenditure price index for September rose 0.3% on a monthly basis, unchanged from August.
Excluding food and energy, the core PCE price index, which is the Federal Reserve’s preferred inflation indicator, rose 0.2% month-on-month in September, unchanged from August and also in line with consensus.
In the Eurozone, estimates released by Eurostat show that in the third quarter of 2025, Eurozone Gross Domestic Product grew by 0.3% compared to the previous quarter.
The Mib ended trading down 0.2% at 43,432.77, the Mid-Cap rose 0.3% to 58,583.93, the Small-Cap gained 0.6% to 36,155.92, and the Italy Growth fell 0.1% to 8,495.32.
The CAC 40 fell 0.1%, the DAX 40 gained 0.7%, and the FTSE 100 took a step back by 0.5%.
Axel Rudolph of IG noted: “Last week’s bullish momentum spilled over into this week, with global stock indices reaching record highs.”
“Essentially stable US PCE inflation, a rebound in US consumer sentiment, and upwardly revised third-quarter Eurozone GDP helped support equity markets on the last day of the week,” the IG analyst concluded.
On the Milan Stock Exchange, DiaSorin gained the top spot with a 3.6% rise to EUR62.24 per share. AQR Capital Management reduced its short position on DiaSorin to 0.59% from 0.60%.
Stellantis CEO Antonio Filosa, up 2.3%, is calling for a more gradual energy transition than the EU plans and scrappage incentives that make it affordable to change cars.
Filosa explained that some forecasts for electric vehicles were too optimistic: in the US, battery-powered cars account for less than 6% of the market, far from the 50% predicted for 2030, and Europe is also lagging behind.
Banca Mediolanum, down 1.4%, announced on Friday that it had recorded net inflows of EUR 1.16 billion in November, bringing the total since the beginning of the year to EUR 10.40 billion.
Leonardo signed a multi-year contract with the Italian Air Force’s National Armaments Directorate for logistical support for the C-27J “Spartan” tactical transport aircraft fleet and for the full-motion simulator at the International Training Center in Pisa. The stock was down 0.3%.
There were good purchases on Amplifon, which closed up 3.5% at EUR13.885 per share, and Brunello Cucinelli, up 2.0%.
In the mid-cap sector, Ariston, up 1.3%, has set its sights on Riello, currently controlled by the American group Carrier after the transition from United Technologies, which was put up for sale following the acquisition of the German company Viessmann.
Binding offers are expected in mid-December, and MIMIT has called a meeting for December 18, while unions have expressed concern.
Fincantieri performed well, rising 2.4% to EUR17.63 per share after the commercial agreement in Bahrain, while Zignago Vetro was at the bottom of the list with a 2.2% decline.
d’Amico International Shipping, up 1.4%, announced on Thursday that its operating subsidiary d’Amico Tankers had signed two new time-charter contracts with a major counterparty.
On the Small-Cap market, Bestbe Holding announced the resignation of its entire board of directors following the resignations of directors Angelo Paletta and Emanuela Cipollari on November 21 and Carlo Casilli on November 26, who also left his operational duties. The stock was not traded because Borsa Italiana suspended it.
The race is on for the renewal of the board of directors of Fiera Milano, down 0.3%, Italy’s leading listed trade fair operator, 63.8% controlled by Fondazione Fiera Milano. Matteo Lunelli, chairman and CEO of Ferrari wineries and the family holding company, is said to be in pole position.
BasicNet has reached an agreement to acquire the Sundek brand together with 100% of Kickoff, the current owner and manager of the brand, controlled by Winnie. The initial consideration for the transaction amounts to approximately EUR10 million. The stock was up 7.3%.
The best performer of the day was Trevi Finanziaria Industriale, up 12%. Sales were down 11% on EPH.
Among SMEs, Riba Mundo Tecnologia – up 2.0% – announced that it had received the final tranche of EUR 10.5 million from the insurance company following the damage caused by the warehouse fire on January 25, 2025.
Vivenda Group, which was not traded, announced that Banca Finnat Euramerica had submitted to Borsa Italiana its declaration of succession as Euronext Growth Advisor.
Planetel announced on Friday that it had started work on its new Data Center in Padua, designed by In-Site. The total investment, in the order of EUR 7.0 million, reflects the company’s desire to strengthen its infrastructure presence in the Northeast. The stock showed purchases of 1.5%.
Lindbergh – flat at EUR7.60 – announced that, starting Monday, December 8, the minimum trading lot for ordinary shares will be 250 shares.
In New York, the Dow gained 0.2%, the Nasdaq gained 0.1%, while the S&P 500 was up 0.1%.
On the currency front, the euro traded at USD 1.1633 from USD 1.1656 at Thursday’s stock market close, while the pound traded at USD 1.332 from USD 1.3351 last night.
Among commodities, Brent crude is trading at USD 63.74 per barrel, down from USD 63.54 per barrel at yesterday evening’s close, while gold is worth USD 4,216.67 per ounce, up from USD 4,213.96 per ounce yesterday evening.
On Monday’s economic calendar, at 0400 CET there is the analysis of Chinese imports and exports, while at 0800 CET there is the report on German industrial production.
At 1030 CET, the Sentix index of investor confidence in the Eurozone will be assessed, and at 1700 CET, the focus will be on US inflation expectations.
No significant announcements are expected on the Italian stock exchange.
By Michele Cirulli, Alliance News Reporter
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