(Alliance News) - On Tuesday, the Mib continued its downward trend, with the index at 42,200 points, while other European markets showed mixed results. Growing expectations of a rate cut by the Fed next month continue to support investor sentiment.

The German economy recorded zero growth in the third quarter, in line with preliminary estimates and following a 0.2% contraction in the second quarter. The data was released on Tuesday by the Federal Statistical Office.

Modest improvements in gross fixed capital formation to 0.3% from a 1.1% decline in the second quarter, driven mainly by equipment and other structures, together with higher public spending of 0.8% from 0.2% and a positive contribution from inventories, helped to offset weaknesses in other sectors.

The MIB is therefore down 0.2% to 42,226.90 points.

The CAC 40 in Paris is up 0.1%, the DAX 40 in Frankfurt is down 0.1%, while the FTSE 100 in London is up 0.2%.

Among the minor indices, the Mid-Cap is down 0.5% to 57,530.19, the Small-Cap is down 0.4% to 35,052.26, while the Italy Growth is just below parity at 8,315.88.

On the Milan Stock Exchange, Saipem rose 2.7% to EUR2.39 per share, following on from the previous session's 2.9% gain.

Leonardo gained 1.1% to EUR45.48 per share, recovering after two sessions of decline.

Stellantis sales, down 0.2%, increased in Europe in October, confirming the general market trend, where registrations rose 5.8% year-on-year. According to data published on Thursday by ACEA, the European Automobile Manufacturers' Association, the group formed by the merger between PSA Group and Fiat Chrysler Automobiles recorded an increase of approximately 4.6% compared to October 2024, with a market share confirmed at 14% compared to the same month last year.

UniCredit - down 0.2% - announced on Monday that it had acquired 2.8 million of its own ordinary shares between November 17 and 21. The shares were purchased at an average price of EUR62.6785 per share, for a total value of EUR178.6 million.

Ferrari, down 1.6%, announced on Monday that it had acquired 63,600 of its own ordinary shares between November 17 and 21 on the Italian stock market. The shares were purchased at an average price of EUR344.2937 per share, for a total value of nearly EUR21.9 million. During the same period, the Prancing Horse company acquired 36,542 ordinary shares on the New York Stock Exchange. The shares on the US market were purchased at an average price of USD 396.7579 per share, for a total value of nearly USD 14.5 million, equal to approximately EUR 12.5 million.

On the secondary segment, Pharmanutra advanced 3.1%, heading for its third bullish session.

d'Amico advanced 0.5% to EUR5.27 per share, after two sessions that ended with a bearish candle.

Banca Ifis rose 0.7% to EUR24.34 per share, after two sessions ending in the red.

Technoprobe, up 0.7%, announced on Monday that it had purchased 280,000 of its own ordinary shares between November 17 and 21. The shares were acquired at an average price of approximately EUR11.64 per share, for a total value of EUR3.2 million.

doValue, on the other hand, fell 1.3%, after a 2.7% gain in the previous session, with a price of EUR 2.43 per share.

On the Small-Cap index, PLC advanced 4.0% to EUR 2.09, after two sessions of decline.

Digital Bros, on the other hand, gained 3.0%, in its third bullish session.

Eurotech, down 1.4%, announced on Monday that it had carried out a buyback between November 17 and 21, purchasing 35,000 of its own shares.

Class Editori is down 3.7%, following a 0.4% decline the previous day.

Among SMEs, Edgelab advanced 4.6% to EUR 5.00 per share, after five sessions of decline.

Siav, up 9.4%, announced on Monday that it had signed a memorandum of understanding for the development and distribution of next-generation cloud-native solutions with Alibaba Cloud, the technology division of Alibaba Group. The one-year agreement provides for Siav's ECM solutions, available in versions for small and medium-sized enterprises and larger organizations, to be hosted entirely on Alibaba Cloud's infrastructure.

Lemon Sistemi, up 1.4%, announced on Monday that it had signed a contract with ETA for the construction of Parco Lemon 11, a ground-mounted photovoltaic plant located in the municipality of Alcamo, in the province of Trapani. The transaction, with a total value of approximately EUR 1.1 million, was finalized after obtaining the CRPR, a necessary requirement for accessing the PNRR contribution and the widespread self-consumption service.

Ulisse Biomed - up 3.5% - announced that, together with its subsidiaries, it had received and confirmed a commercial order proposal worth almost EUR 759,000 for the sale of next-generation genomic sequencing products to a leading international player in the provision of healthcare screening solutions for public hospitals.

In New York, the Dow Jones closed up 0.4%, the Nasdaq up 2.7%, and the S&P 500 gained 1.6%.

On the currency front, the euro is trading at USD 1.1535 from USD 1.1522 at Monday's stock market close, while the pound is trading at USD 1.3130 from USD 1.3101 last night.

Among commodities, Brent crude traded at USD 63.17 per barrel from USD 62.86 per barrel at Monday's close, while gold was worth USD 4,129.70 from USD 4,093.42 per ounce on Monday evening.

On Tuesday's economic calendar, from the US, at 1430 CET, focus is on the US producer price index and at 1500 CET on US housing.

By Maurizio Carta, Alliance News Reporter

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