(Alliance News) - The Mib lost ground on Thursday in the fourth session of the week, with the index fluctuating around 40,700 points.
On the monetary policy front, the Federal Reserve is divided on the future path of interest rates, mainly due to differing expectations on the impact of tariffs on inflation. The minutes of the June 17-18 FOMC meeting reveal that while some see tariffs as a one-off price increase, most fear more persistent inflationary effects.
New projections indicate that 10 out of 19 officials expect at least two cuts by the end of the year, while seven expect none in 2025. There is considerable uncertainty about how tariffs will affect the economy, leading to divergent views on their impact on inflation.
The FTSE Mib is thus down 0.3% at 40,701.24 points.
The CAC 40 in Paris is up 0.7%, the DAX 40 in Frankfurt is up 0.2%, while the FTSE 100 in London is up 1.1%.
Among the smaller indices, the Mid-Cap is up 0.1% at 55,333.52, the Small-Cap is up 0.2% at 32,484.41 and the Italy Growth is up 0.1% at 8,297.65 points.
On the Mib in Milan, Buzzi is up 1.6% to EUR51.10 per share, on track for its fourth session of gains.
Campari is up 0.9%, after losing 0.1% the previous day.
There are also gains for Amplifon, which is up 0.2% to EUR20.01 per share, recovering after three sessions of decline.
Recordati advanced 0.8%. The company announced the purchase of treasury shares for a total value of EUR 4.3 million.
TIM, down 0.6%, is boosting its liquidity to support new strategies and strengthen its ties with Poste Italiane, now its largest shareholder with a 24.8% stake. After expanding its business to include insurance, energy, and finance, the group is finalizing a EUR 750 million loan with SACE (70% guaranteed) and a pool of banks, pending antitrust approval.
At the same time, it has activated a new EUR 3 billion credit line, which will also be used to renegotiate an old EUR 4 billion loan.
On the Mid-Cap market, Alerion rose 3.9% to EUR 22.90 per share, following a 1.4% gain the previous day.
NewPrinces - up 4.6% - announced on Wednesday that it had signed a binding agreement with Heinz Italia, a subsidiary of Kraft Heinz, to acquire 100% of its Italian baby and specialty food business. The transaction includes the historic Plasmon production plant in Latina, approximately 300 employees, and the Plasmon, Nipiol, BiAglut, Aproten, and Dieterba brands.
The closing of the acquisition, valued at EUR 120 million on a cash-free and debt-free basis, is expected in the second half of the year.
Danieli & C rose 1.1%, with gains since the beginning of 2025 reaching nearly 40%.
Lottomatica Group - down 1.5% - announced on Wednesday that it had acquired 232,580 ordinary shares between June 30 and July 4, for a total value of EUR 5.4 million.
Caltagirone is down 0.8%, after gaining 1.7% in the previous session.
On the Small-Cap market, Softlab is pushing its price up 5.8% to EUR1.45 per share, updating its new 52-week high to this price.
I Grandi Viaggi is also performing well, with a 3.0% increase in its share price, following on from the 3.1% rise in the previous session.
Esprinet is up 2.3%, its third session of gains.
Piquadro also got off to a good start, pushing the price up 1.7% and interrupting a series of four bearish sessions.
Among the many losers, Tessellis is down 2.7% to EUR0.1022, hitting a new 52-week low of EUR0.1004 during trading.
Among SMEs, Innovatec is advancing, entering volatility trading after a 12% gain with a last price of EUR0.30.
Health Italia - flat at EUR284 - announced on Wednesday that it had received a positive and unconditional response to the notification submitted on May 27 pursuant to the golden power legislation. The green light concerns one of the key steps in the preliminary sale agreement signed on May 21 between Sorgiva Holding and PFH, owned by founders Massimiliano Alfieri and Oscar Pischeddu, and the promoters of the club deal, Stefano Pellegrino and Giovanni Giuliani.
AAtech sold 4.4% at EUR0.87 per share, after a 2.8% gain in the previous session.
In New York, during European trading hours, the Dow Jones rose 0.5%, the S&P 0.6%, while the Nasdaq closed up 0.9%.
In Asia, the Nikkei closed down 0.4%, the Shanghai Composite closed up 0.5%, while the Hang Seng closed up 0.6%.
On the currency front, the euro traded at USD 1.1730 from USD 1.1708 at Wednesday's close, while the pound traded at USD 1.3609 from USD 1.3586 on Wednesday evening.
Among commodities, Brent crude traded at USD 70.00 from USD 70.10 per barrel at the previous close, while gold was worth USD 3,326.34 from USD 3,311.04 per ounce last night.
On Thursday's economic calendar, at 1430 CEST, focus will be on US unemployment claims, while at 1730 CEST, US Treasury auctions with maturities of 4 and 8 weeks and an auction with a maturity of 30 years are scheduled.
At 7:00 p.m. CEST, Waller of the Federal Reserve is scheduled to speak, followed by Breeden of the BoE in the UK at 7:30 p.m. CEST.
By Maurizio Carta, Alliance News Reporter
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