(Alliance News) - On Monday, major European stock markets close lower, on a day marked by little macroeconomic data, but by the strength of the dollar and the rise of Brent crude.
Thus, the FTSE Mib closes in the red by 0.8 percent to 34,799.27, the Mid-Cap loses 1.0 percent to 46,784.92, the Small-Cap gives up 1.2 percent to 27,993.27, and Italy Growth gives up 0.8 percent to 7,922.13.
In Europe, London's FTSE 100 ends down 0.3 percent, Frankfurt's DAX 40 loses 0.4 percent, and Paris' CAC 40 is down 0.3 percent.
On the highest-capitalization list in Piazza Affari, Amplifon does better than anyone, up 2.4 percent. The company on Thursday announced that it had completed the acquisition of the entire capital of MagicSon and Sonar, Turin-based companies that own a total of 27 hearing centers in Piedmont and Valle d'Aosta.
Tenaris also does well, up 1.0 percent, while Eni rises 0.9 percent and Saipem is on parity.
Moncler rises 0.6 percent. Brunello Cucinelli, as it releases its annual results, is in the green by 0.1%.
Among the bearish, Nexi, down 3.9%, sits on the bottom. "Negative day for Nexi, which also reflects the weakness of competitors, but in the meantime it can be said that two years ago Intesa Sanpaolo saw it right. In November 2022 it exited the Italian electronic payments leader, which it had accompanied to the stock market, selling 5.1 percent of its capital for EUR584 million. Since then, in Piazza Affari, the stock has lost 41 percent," wrote Alliance News columnist Francesco Bonazzi.
"Over the past year, the drop has been 28 percent and capitalization has fallen to EUR6.3 billion. It has been worse for the French giant Worldline, which has left 42.6 percent on the street in the past 12 months and today loses 4.4 percent to EUR7.48 per share, with a capitalization of EUR2.1 billion. As early as the spring of two years ago, the U.S. saw its first decline in credit card use for years. But the downward trend in rates, while slowing, should encourage the use of electronic payments."
"Italy lags historically on this, given its merchants' traditional attachment to cash, but it is catching up nonetheless. Data from the Milan Polytechnic's Innovative Payments Observatory for the first half of 2024 recorded a 15.6 percent increase in the number of transactions."
Among midcaps, Fincantieri gives up 3.1 percent. The company and Hera -- in the red by 0.2 percent on the Mib -- announced Monday the establishment of CircularYard, the newco aimed at creating, in Fincantieri's eight Italian shipyards, an innovative integrated waste management system, also aimed at their valorization with a view to the circular economy. "In the future, it is planned to expand the newco's operations to other Fincantieri sites located abroad," the note reads.
CircularYard's shareholding structure is 60% Hera Group and 40% Fincantieri.
LU-VE gives up 2.5 percent. The company reported on Monday its results as of December 31, 2024, reporting performance "in line with expectations," the note said.
Revenues from products in the fourth quarter of 2024 stood at EUR148.2 million, showing a 1.0 percent increase over the same period in 2023 and a 5.9 percent increase over the previous third quarter. Excluding the contribution of the heat pump business, quarterly revenues show growth of 2.3%.
Iren gives up 0.6%. The company announced Friday that it had finalized the acquisition of control of Egea Holding, raising its stake to 52.8 percent of the share capital.
The transaction, announced in November, was completed after Antitrust and Golden Power clearances were obtained.
Among the bullish performers are d'Amico, Sesa and Anima Holdin, up between 3.4 percent and 0.8 percent.
On the Small-Cap, Piquadro - down 1.0 percent - reported Monday that it closed the first nine months with revenues up 2.4 percent year-on-year to EUR134.6 million from EUR131.5 million in the same period a year earlier.
BasicNet -- in the red by 2.1 percent -- reported Thursday that the Kappa brand and football club AS Monaco have unveiled an exclusive uniform developed in collaboration with Parisian haute couture brand KOCHÉ.
Bestbe Holding is the list's best performer, up 12 percent.
Among SMEs, Simone-not affected by trading-announced Monday a strategic investment in Artificial Intelligence through a Subscription Agreement for Future Equity with Onepix Academy, an innovative start-up specializing in the development of advanced chatbots.
The agreement calls for a minimum 10 percent stake in Onepix Academy, with the exact share to be determined by the entry of future investors.
Nusco--which did not trade--reported Monday that Nusco Imobiliara, a company active in the development and management of real estate projects in Romania, has invested EUR42 million in the construction of the first Hyatt-branded hotel.
Pozzi Milano rose 2.1 percent after it reported Monday that it has acquired new orders for the Mexican market, with a total value of about EUR1.5 million, which follow and renew those concluded last January 2024.
In New York, the Dow is in the green 0.4 percent to 42,112.22, the Nasdaq is down 1.4 percent to 18,903.85 while the S&P 500 is down 0.5 percent to 5,796.39.
Among currencies, the euro changes hands at USD1.0199 against USD1.0228 in Friday's European equities close. In contrast, the pound is worth USD1.2151 from USD1.2195 on Friday evening.
Among commodities, boost on oil with Brent crude worth USD81.38 per barrel from USD75.70 per barrel in Friday's European stock close. Gold trades at USD2,682.65 an ounce from USD2,720.61 an ounce Friday night.
On Tuesday's economic calendar, data on producer prices in Switzerland are expected at 0830 CET.
Also in Europe, at 0845 CET in France the government budget is released, while at 1000 CET in Italy it is the turn of industrial production data.
One hour later, the result of the ZEW survey of German and Eurozone economic sentiment is due.
At 1200 CET, China releases M2 money supply data.
Overseas in the US, at 1430 CET, data on the producer price index are expected.
Among the companies listed in Piazza Affari, the results of Gibus are expected.
By Claudia Cavaliere, Alliance News reporter
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