(Alliance News) - European stock markets opened lower Thursday, with growing global economic uncertainties and the possibility of further monetary tightening by major central banks dampening investor sentiment. In particular, the minutes of the June FOMC meeting revealed that the decision to keep rates at current levels was not unanimous as initially described.
In addition, FOMC members found it necessary to maintain a hawkish stance because of persistently high inflation and a "tight" labor market. At the same time, the U.S. Treasury secretary embarked on a three-day visit to China, coinciding with Beijing's decision to restrict exports of metals used in chip production.
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?The FTSE Mib, therefore, fluctuated in the red by 1.2 percent to 27,887.46.
In Europe, London's FTSE 100 is giving up 1.0 percent, Paris' CAC 40 is in the red by 1.4 percent, and Frankfurt's DAX 40 is down 0.7 percent.
Among the smaller lists, the Mid-Cap is in the red 0.8 percent to 42,150.61, the Small-Cap is giving up 0.7 percent to 26,765.58, and Italy Growth is in the green 0.2 percent to 9,076.66.
On the highest-capitalization list in Piazza Affari, Hera is advancing 0.8 percent to EUR2.6880 per share after the previous two bearish sessions.
Also advancing well is Snam, which marks a plus 0.3% in its third session on the bearish side.
STMicroelectronics, on the other hand, is also marking minus 2.4 percent at EUR44.27 per share, in its third bearish session.
Pirelli, on the other hand, is giving up 1.5 percent to EUR4.47 per share after a 0.6 percent loss on the eve of the session.
Banca Monte dei Paschi, on the other hand, has given up 1.2 percent to EUR2.27 per share, with the stock still slightly up on the weekly range.
Enel, on the other hand, moved just below par at EUR6.20 per share. Of note, DB raised its target price on the stock to EUR7.30 from EUR7.00 per share.
On the cadet segment, Caltagirone marks a plus 1.3 percent to EUR3.90 per share after the 1.5 percent red on eve.
Also losing ground in the rear is Juventus FC, which is marking minus 2.7 percent to EUR0.3514.
Also in the red is Ariston Holding, which is stepping back 2.3% after 2.1% in the red on eve.
On the Small-Cap segment, I Grandi Viaggi is marking minus 3.6%.
Bioera, on the other hand, is advancing 3.5%, with new price at EUR0.8600 per share, after contracting with 2.5% on eve.
Pierrel - down 3 percent - reported that on Wednesday evening the board of directors set the final terms and conditions of the capital increase, to be offered in option to those entitled for a maximum amount of EUR70 million, including share premium, to be paid in cash, also by offsetting certain, liquid yet still uncollectible receivables.
Specifically, the board resolved to issue a maximum of 47.8 million newly issued Pierrel ordinary shares, with no express par value, having the same characteristics as the shares already in circulation and regular dividend entitlement, to be offered under option to entitled shareholders in the ratio of 5 new shares for every 1 Pierrel share held, at a subscription price of EUR1.529 per new share, of which EUR0.138 is to be charged to share capital and EUR1.391 to share premium.
Giglio Group, on the other hand, is picking up 2.3 percent, with new price at EUR0.7080.
Among SMEs, on the other hand, Alfonsino is advancing well, marking a plus 16 percent bringing its price to EUR0.8180.
Good buys also on Italia Independent, which moves ahead 4.8% to ER0.65 per share.
Impianti, on the other hand, advances 4.0%, rearing its head again after six bearish sessions.
In New York on European night, the Dow Jones closed down 0.4 percent, the S&P in the red 0.2 percent, and the Nasdaq gave up 0.2 percent.
Among currencies, the euro changed hands at USD1.0860 versus USD1.0875 in Wednesday's European stock close. In contrast, the pound is worth USD1.2714 from USD1.2717 on Wednesday evening.
Among commodities, Brent crude is worth USD76.4 per barrel versus USD76.47 per barrel at Wednesday's close. Gold, meanwhile, trades at USD1,920.12 an ounce from USD1,923.93 an ounce last night.
On Thursday's macroeconomic calendar, the UK Construction Purchasing Managers' Index will be released at 1030 CEST while May Eurozone retail sales are expected at 1100 CEST.
At 1300 CEST, US mortgage applications and unemployment claims will be released.
On the Piazza Affari calendar, no special events are scheduled.
By Maurizio Carta, Alliance News reporter
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