(Alliance News) - Piazza Affari is expected to open Thursday's trading up, according to futures, with traders' eyes all on the Eurotower.

Today, in fact, the European Central Bank will decide whether to cut rates-as widely expected by the market-and the focus will be on the lecture by the president, Christine Lagarde, on whether further cuts will come later this year.

The FTSE Mib is given up 102.5 points or 0.3 percent after gaining 0.7 percent to 34,507.84 at Wednesday's close.

London's FTSE 100 is shown up 15.7 points or 0.2%, Paris' CAC 40 is expected to rise 21.2 points or 0.3% and Frankfurt's DAX 40 is given up 57.5 points or 0.3%.

In Milan last night, the Mid-Cap closed up 0.8 percent to 47,923.64, the Small-Cap gained 0.4 percent to 29,416.97 and the Italy Growth finished up 0.4 percent to 8,209.34.

On the Mib, boost on STMicrolectronics, which rose 3.1% to EUR40.23 per share, on its fifth session with a bullish candle.

Nexi, meanwhile, gained 2.2% after the eve closed just below par.

Enel rose 1.1 percent with new price at EUR6.81 per share, after a 0.2 percent decline on eve.

A2A closed up 1.1 percent. The company reported that it has issued a EUR750 million green-use hybrid subordinated perpetual bond of proceeds. The company reported a demand of EUR2.9 billion for the issue equal to about four times the amount offered. The bond, placed at an issue price of 99.460 percent and featuring a non-call period of 5.25 years, will have a perpetual maturity and pay a fixed annual coupon of 5.000 percent until the first reset date scheduled for Sept. 11, 2029.

UniCredit gained 0.9 percent after issuing a EUR1 billion senior non-preferred bond with a maturity of four years but callable after three. In addition, the bank issued another EUR1 million senior non-preferred bond with a 10-year maturity. Both transactions are aimed at institutional investors. The issuance followed a book-building process that garnered total demand of about EUR5 billion and with more than 300 orders from investors globally.

Among the bearish-listed minorities, Banca Popolare di Sondrio gave up 1.8 percent, in its third consecutive session with a bearish candle.

FinecoBank, on the other hand, gave up 0.8 percent to EUR14.41 following its previous two sessions with a negative balance. On the stock, Deutsche Bank Research downgraded its recommendation to 'sell' from 'hold' with a target price of EUR13.40.

On the Mid-Cap, MFE positioned itself with its class A shares leading the list, rising 4.1 percent to EUR3.30. This share class has increased its share price by more than 38 percent since the beginning of the year, with a 30-day VWAP of EUR3.05. On Wednesday, at the press conference "Mediaset, the TV season September 2023 - May 2024," Pier Silvio Berlusconi, CEO of MFE-MediaForEurope, commented on the group's advertising revenue performance for the first half of 2024, estimating a 6 percent growth over the same period in 2023.

Strength also on Philogen, which rose 2.9 percent to EUR21.10 per share, after 4.7 percent on the eve. The stock had previously come from seven sessions in a row with a bullish candle.

Piaggio, on the other hand, gave up 0.6 percent. The Court of Cassation declared inadmissible the appeal by Peugeot Motocycles and Peugeot Motocycles Italia against the judgments of the Court of Appeal and the Court of Milan, which had found that Piaggio had infringed a European patent in the production of the Peugeot Metropolis vehicle.

Credem - down 0.4 percent to EUR9.46 - announced Tuesday that, in connection with press reports about the business related to contracts with merchants for the management of Pos and ancillary services, after a selection process involving leading groups operating in the sector, the company granted Worldline an exclusive negotiation period.

Ariston Holding, on the other hand, gave up 2.0 percent, on the heels of a 5.5 percent gain.

Among the smallcaps, Eems gave up 9.2 percent, following up on the eve's decline of 6.4 percent. A high trading volume of nearly 560,000 was recorded on the stock, compared to a three-month daily average of about 119,000.

doValue, on the other hand, declined 4.2 percent to EUR2.22, following a 2.1 percent green in the previous session. The stock since the start of 2024 has posted a negative that goes over 33 percent, with this year's low recorded in March at EUR1.79.

Boost on Somec, which appreciated 2.6 percent to EUR15.90 after two sessions in a downtrend. The stock-which paid its last dividend in 2022-marks a minus 43 percent since the beginning of the year.

For Seri Industrial, on the other hand, the gain was 5.5 percent, after a 2.3 percent decline in the previous session.

Among SMEs, Emma Villas moved up 15 percent, in its third session in a row that closed on balance.

For iVision Tech, on the other hand, the rise was 1.5 percent, following up on the previous session's 3.2 percent gain.

Elsa Solutions gave ground with 4.8 percent, tacking down after two sessions of appreciation.

For FAE Technology, on the other hand, the liability was 9.9% at EUR3.91 per share.

In Asia, the Nikkei is up 0.7 percent to 38,757.35, the Shanghai Composite is down 0.3 percent to 3,056.31 and the Hang Seng is up 0.1 percent to 18,436.82.

In New York at Wednesday's close, the Dow gained 0.3 percent to 38,807.33, the Nasdaq was up 2.0 percent to 17,187.90 and the S&P 500 was up 1.2 percent to 5,354.03.

Among currencies, the euro changed hands at USD1.0883 from USD1.0869 on Wednesday in closing European equities while the pound was worth USD1.2792 from USD1.2776 last night.

Among commodities, Brent crude is trading at USD78.74 per barrel from USD77.96 per barrel at Wednesday's close. Gold, on the other hand, trades at USD2,366.79 an ounce from USD2,356.07 on Wednesday evening.

Thursday's macroeconomic calendar includes at 0930 CEST the construction PMI from Italy, France, Germany and the Eurozone, followed at 1000 CEST by Italian retail sales.

At 1100 CEST, from the Eurozone, the retail sales figure will be available.

At 1415 CEST, meanwhile, there will be the ECB's announcement on interest rates, with the usual press conference 30 minutes later.

From the US, at 1430 CEST, the unemployment claims figure is due, while at 2230 CEST, the Federal Reserve's weekly balance sheet will be released.

Among companies in the Piazza Affari, no particular announcements are expected.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

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