(Alliance News) - Piazza Affari closed higher Thursday, bringing the point bar close to the 28,500 area Thursday and doing better than other European markets, with Paris and Frankfurt bearish.

Among the day's macro data of note was the CPI report in the United States, which showed that inflation rose slightly more than expected in September, raising the prospect that the Federal Reserve may raise interest rates once again, in part as a result of recent significantly solid data on labor market strength. According to the Bureau of Labor Statistics, the consumer price index rose 3.7 percent year-on-year, the same pace as the previous month., emntre markets were estimating a slowdown to 3.6 percent.

Still, traders appear positioned, at least for the next meeting, on a confirmation of the cost of money. In the CME Group platform's FedWatch Tool, using futures also based on the actual federal funds rate, or EFFR, the confirmation of the rate at the Nov. 1 meeting has a 91 percent probability for confirmation range 525/550 bps. In contrast, the 25 bps rise in the 550/575 bps target is priced at 9%.

The FTSE Mib, therefore, closed up 0.3 percent at 28,493.35, after touching a high earlier in the day at 28,753.37.

The Mid-Cap advanced 0.2 percent to 39,515.06, the Small-Cap closed down 0.2 percent to 25,512.99, and Italy Growth marked a red 0.2 percent to 8,039.81.

In Europe, London's FTSE 100 rose 0.3 percent, Paris' CAC 40 closed 0.4 percent in the red, and Frankfurt's DAX 40 gave up 0.2 percent.

On the main list of the Italian Stock Exchange, Leonardo took home 2.6 percent, appreciating to EUR14.24 per share. The stock on the day updated its 52-week high to EUR14.35 and closed its fourth daily candle with an uptrend. Of note, Deutsche Bank raised its target price to EUR15.10 from EUR13.70 with a 'buy' recommendation.

Also advancing well is ERG, which positions itself in the upper quarters by marking a plus 1.7 percent. The board of directors resolved Thursday to initiate a share buyback program for a maximum of about 3.7 million shares, or 2.5 percent of the share capital, with a maximum outlay of EUR100.0 million. As of today's date, the company holds 782,080 of its own shares or 0.5 percent of the share capital.

Good buys also on Amplifon, which brought home a plus 1.8 percent, after declining 0.6 percent on eve.

Ferrari also advanced well, with the Cavallino stock bringing home a plus 1.2% at EUR295.0, in its third session with a bullish candle.

Among the few bearish performers, BPER Banca steps back 0.7 percent to EUR2.94 per share, pulling the oars in the boat after two sessions of assets.

Sales, among others, also on Moncler, which traded minus 2.0% at EUR52.84 on the heels of eve's 2.5% decline.

On the cadet segment, good trades also on Reply, which posted a plus 3.5 percent positioning its snout toward its third bullish session.

Sesa, on the other hand, took home 2.1 percent, with price at EUR98.65 per share.

Iren, on the other hand, advances 0.1 percent after announcing Wednesday that it has finalized the acquisition of control of Semia Green, a company active in the circular economy, through its subsidiary Iren Ambiente Toscana. The remainder of the share capital is held by Sienambiente, already a shareholder of Semia Green and in which the Iren group has a 40 percent stake.

On a negative note, in the narrow group of bearish investors, Antares takes a step back 3.3 percent, after 4.2 percent green on eve. High trading volume is recorded on the stock at over 230,000 traded against a three-month daily average of just under 57,000.

Eurogroup Lamination, on the other hand, gave up 3.3 percent to EUR3.78. The stock touched a new 52-week low at EUR3.74 during the day.

On the Small-Cap, Pierrel moved ahead 8.0 percent with price at EUR1.75. The company on Thursday announced that the Petrone family's reference shareholder Fin Posillipo, in agreement with Bootes of vice chairman Rosario Bifulco, has launched a total public offering aimed at delisting Pierrel. The tender offer is for cash at EUR1.75 per share on the 13.69 percent free float, for a maximum expected outlay of EUR13.158 million. As of today Fin Posillipo already holds 75.63 percent of the shares, Bootes 10.68 percent.

Openjobmetis, on the other hand, marked a plus 2.8 percent, after a 0.5 percent loss on the eve of the meeting.

Instead, d'Amico advanced 1.6%, on its sixth bullish daily candle.

Marked selling, among others, on Netweek, which recorded its third bearish session in a row with a 5.7 percent red.

Red also on Aquafil, which closed down 4.8 percent after two sessions ended with a positive balance.

Among SMEs, Ambromobiliare took home 4.9 percent, rearing its head after three sessions of closed in the red.

Boosted on EdiliziAcrobatica--up 2.6 percent--which reported Thursday that it signed 18,590 contracts in the first nine months of the year, up from 12,149 in the same period of 2022 with a 53 percent growth. This result also reflects the growth in the number of customers, which registered a 78 percent increase.

Altea Green Power, on the other hand, marks a plus 5.4 percent, rearing its head again after two sessions among the bearish.

At the back of the queue, Casta Diva fell instead by 5.4 percent, contracting after eve's gain of 4.4 percent.

In New York on European night, the Dow closed up 0.2 percent at 33,804.87, the Nasdaq finished up 0.7 percent at 13,659.68, and the S&P 500 finished in the green by 0.4 percent at 4,376.95.

Among currencies, the euro changed hands at USD1.0551 against USD1.0615 recorded in Wednesday's European stock close, while the pound was worth USD1.2212 from USD1.2303 on Wednesday evening.

Among commodities, Brent crude is worth USD86.45 per barrel from USD85.97 per barrel at Wednesday's close. Gold, meanwhile, trades at USD1,872.45 an ounce from USD1,872.96 an ounce on Wednesday evening.

Friday's macroeconomic calendar includes, at 0500 CEST, China's trade balance while, at 1000 CEST, there will be a speech by Bank of England Governor Andrew Bailey. At 1100 CEST, it will be the turn of Eurozone industrial production.

In the afternoon, from the US, focus on import and export price indexes, at 1430 CEST.

At 1500 CEST, a speech by ECB number one, Christine Lagarde, is scheduled, while from the US, at 1930 CEST, it will be the turn of the Baker Hughes mining rig count report.

In the serara, as usual on Friday, at 2230 CEST, the COT Report will be released.

On the corporate calendar in the Piazza Affari, no special events are scheduled.

By Maurizio Carta, Alliance News reporter

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