(Alliance News) - On Monday, major European markets ended trading with mixed results, as Milan's Mib index was weighed down by companies such as Eni, BPER, Tenaris, Terna, UniCredit, and others, which detached their dividends.

In the United States, comments from Federal Reserve's Williams took center stage, as he expressed openness to a potential rate cut as early as December. The market currently estimates a 70% probability of a quarter-point rate cut.

On the geopolitical front, the 28-point peace plan for Russia and Ukraine has been supplemented with further proposals from the European Union, with hopes for positive developments toward resolving the conflict.

The Mib closed down 0.9% at 42,298.17, the Mid-Cap gained 1.6% to 57,828.66, the Small-Cap rose 1.2% to 35,191.05, and Italy Growth advanced 0.3% to 8,319.52 points.

Paris's CAC 40 showed a positive balance of 0.1%, Frankfurt's DAX 40 advanced 0.7%, and London's FTSE 100 shed 0.1% to 9,532.35 points.

"The ground appears set for a continued rebound, with another Fed member joining the calls for a rate cut in December, while a meeting between U.S. and Chinese leaders has helped bolster sentiment," noted Chris Beauchamp of IG.

"Last Thursday's rally may have marked the last hurrah for selling, at least for now, especially as tech traders seem to be betting on Alphabet as the new artificial intelligence winner," the analyst concluded.

In Milan, Tenaris, which detached its dividend and bought back shares worth EUR75 million, closed down 0.9% at EUR16.775 per share.

DiaSorin, up 1.9%, submitted a 510(k) authorization request to the U.S. Food and Drug Administration for the Liaison Plex Gastrointestinal Flex Assay.

Ferrari, which bought back 63,600 of its own shares for EUR21.9 million, saw its shares dip 0.2%.

With over EUR12 million in share buybacks, STMicroelectronics ended the session up 1.8% at EUR19.142 per share.

Stellantis also saw strong buying, rising 3.4% to EUR8.74.

Leonardo, meanwhile, fell 2.3%, though analysts maintain a positive outlook thanks to its participation in the Gcap program for sixth-generation fighter jets with Japan and the UK.

In the Mid-Cap segment, Tamburi bought back 20,000 of its own shares, with the stock rising 2.9%.

Banca Ifis successfully completed the acquisition of 100% of Euclidea SIM. The closing followed regulatory approvals from the Bank of Italy and clearance under the Golden Power regulations.

The acquisition of Euclidea SIM had an impact of about 20 basis points on Banca Ifis Group's CET 1 ratio. The stock gained 1.1% to EUR24.00 per share.

Ariston Holding delivered the best performance of the day, up 6.5% to EUR4.216 per share, with Webuild following closely, up 6.2%.

Avio, on the other hand, dropped 4.4%.

In the Small-Cap segment, TXT e-solutions, following a EUR225,000 buyback, closed up 4.4%.

Caltagirone Editore - down 1.6% - announced that, as of December 2, Vincenzo Di Vincenzo will become editor of the daily Il Mattino. The company also announced that, from the same date, Roberto Napoletano will take over as editor of Il Messaggero.

The board of Banca Profilo - flat at EUR0.1515 per share - approved the co-option of Rosy Alaia as an independent non-executive director, following a proposal from the Nominations, Governance and Sustainability Committee and a favorable opinion from the board of statutory auditors.

BasicNet, which executed a EUR290,000 buyback, showed gains of 0.7%.

Beewize was the best performer in double digits, up 20%. Digital Value saw purchases of over EUR2.5 million during today's session, closing up 0.7%.

Among SMEs, Alfonsino announced that its subsidiary Rushers signed an agreement with Just-Eat Italy. Activities will begin in the coming weeks with an initial six-month phase, after which an extension may be considered. The stock gained 2.1%.

Espe - down 5.5% - announced that on November 21, Banca Valsabbina subscribed to the entire issue of its non-convertible, non-subordinated bond for a total of EUR2 million to support its investment plan.

Metriks AI - up 0.8% - completed the acquisition of 100% of the share capital of Appare, a software house based in Arezzo specializing in the development of digital applications, e-commerce, and websites.

Directa SIM announced that CEO Andrea Busi acquired 5,500 ordinary shares of the company at an average price of EUR4.4127 per share, for a total consideration of EUR24,269.85. The stock rose 3.8%.

In New York, at mid-session on Monday, the Dow Jones was up 0.5%, the Nasdaq rose 0.7%, and the S&P 500 gained 1.4%.

In currency markets, the euro traded at USD1.1522 from USD1.1494 at Friday's equity close, while the pound exchanged at USD1.3101 from USD1.3086 on Friday evening.

Among commodities, Brent crude traded at USD62.86 per barrel from USD63.31 at Friday's close, while gold was valued at USD4,093.42 from USD4,064.35 per ounce on Friday evening.

Looking ahead to Tuesday's economic calendar, data on UK, German, French, and Italian car registrations is expected at 0600 CET.

Germany's Gross Domestic Product will be released at 0800 CET, while French consumer confidence will be published at 0845 CET.

At 1430 CET, focus will turn to the U.S. Producer Price Index and at 1500 CET to U.S. housing data.

In Milan, Solution Capital Management SIM will publish its results.

By Michele Cirulli, Alliance News Reporter

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