(Alliance News) - European stock markets are moving in a mixed bullish direction on Thursday, with the Mib below the parity line, as investors assess the economic, inflationary and interest rate outlook globally.

In Europe, traders will analyze data on consumer and business confidence in Italy, retail sales in Spain and the Bank of England's latest financial stability report. Thursday will also see the start of the EU leaders' summit in Belgium to appoint top jobs, such as the European Commission, European Council and senior foreign policy representative.

Thus, the FTSE Mib is marking a fractional decline to 33,536.17.

In Europe, London's FTSE 100 is giving up 0.1 percent, Frankfurt's DAX 40 is advancing 0.3 percent, and Paris' CAC 40 is marking plus 0.1 percent.

Among the smaller listings, the Mid-Cap marks a green of 0.2% to 49,948.62, the Small-Cap advances 0.6% to 28,817.59, while Italy Growth advances 0.3% to 8,143.09.

On the Mib, Brunello Cucinelli advances well, posting a green of 2.3 percent to EUR95.50 per share, after declining 0.1 percent on the eve.

Good start also for Saipem, which moves ahead 1.4% to EUR2.32 per share, on its sixth consecutive bullish candle.

Among the many negative notes, Stellantis gives up 2.1%, in its third bearish session.

Campari, on the other hand, is stepping back 1.0%, on its fifth session in negative balance.

ERG - in the red by 0.6% - announced Friday that it had completed the placement of a EUR500 million 6-year fixed-rate bond issued as part of its EUR3.0 billion medium- to long-term non-convertible and non-subordinated bond issue program.

On the cadet segment, Philogen advances well, marking plus 1.5 percent to EUR20.30 per share.

D'Amico, meanwhile, advances 1.1 percent, on the heels of an 8.2 percent gain in the previous session.

Salvatore Ferragamo ranks at the tail giving up 3.0%. UBS cut its price target on the stock to EUR9.00 from the previous EUR9.50.

Sales, among many, also on Sesa, which marks a minus 1.4 percent to EUR113.60.

On the SmallCap, Safilo group advances 6.9% to EUR1.08 per share, after two sessions closed among the bearish.

TXT e-solutions - in the green by 0.2% - on Wednesday informed that a contract was signed for the acquisition of 100% of the capital of Imille Srl,

its foreign subsidiaries Imille Spain SL, Imille Start Spa (Chile), and Imille Brasil Agencia LTDA, and Uasabi Srl, together referred to as the "I MILLE Group." TXT will consolidate the results within its Digital Advisory division as of June 26. The base consideration paid at closing for the purchase of 100% of Gruppo I MILLE, net of earn-outs, claw-back and NFP that will be settled in cash, was agreed between the parties at EUR8.5 million.

Borgosesia--in the red by 0.6%--reported that it had finalized the purchase of 77% of an investment vehicle--owner of a property, abandoned for years, located on Via Mecenate (southeastern area) in Milan and already intended for office use for a consideration of EUR7.25 million.

Somec - in the green by 2.2 percent - on Thursday reported that it has obtained 3 contracts worth a total of EUR63.4 million for the benefit of its Horizons division, engineered systems of naval architecture and civil facades. The work will start in the second half of 2024 and continue through 2029 with volumes and consequently revenues evenly distributed over the time frame.

Among SMEs, purchases on Allcore, which moves ahead 4.3 to EUR1.69 per share.

Caribbean Company, on the other hand, advances 3.5 percent to EUR1.17 per share, on the heels of a 4.2 percent decline.

On a negative note, in a still uneventful list, Eles gives up 1.1 percent, while Innovatec marks minus 1.0 percent.

In New York, the Dow closed just above par, the Nasdaq advanced 0.5 percent, and the S&P picked up 0.2 percent.

Among the Asian exchanges, the Nikkei gave up 0.8 percent, the Shanghai Composite gave up 0.9 percent, while the Hang Seng is marking minus 2.1 percent.

Among currencies, the euro changed hands at USD1.0694 from USD1.0681 on Wednesday in closing European equities while the pound is worth USD1.2636 from USD1.2621 on Wednesday evening.

Among commodities, Brent crude is trading at USD85.28 per barrel from USD84.58 per barrel at Wednesday's close. Gold, on the other hand, trades at USD2,300.35 an ounce from USD2,299.26 on Wednesday evening.

Thursday's macroeconomic calendar includes from Istat at 1000 CEST the level of business and consumer confidence, while at 1100 CEST it will be the turn of the PPI.

From the Eurozone, at 1100 CEST, industrial and consumer sentiment is due, followed ten minutes later by an auction of BTPs with 5- and 10-year maturities.

From the U.S., at 1430 CEST, the PCE index report and the first quarter GDP estimate will be released, as well as the trade balance and initial claims for unemployment benefits.

At 1730 CEST, also from the US, an auction with 4-, 8-week and 7-year Treasury bonds is scheduled.

Among companies listed in the U.S., no events are scheduled to take place.

By Maurizio Carta, Alliance News reporter

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