(Alliance News) - European marketplaces continued their downward scmabi on Tuesday amid a general environment of caution. Investors are closely monitoring the possible implications of a possible second term of Donald Trump for the global economy, as the president-elect is gradually revealing details of what will be his governing team.

On the macroeconomic front, the ZEW index of German economic sentiment fell unexpectedly, influenced by Trump's victory and difficulties in the German governing coalition. In this regard, Germany's major political parties have agreed on a timetable that could lead to early general elections on Feb. 23, a source in Chancellor Olaf Scholz's Social Democratic Party said Tuesday.

On the economic data front, still in Germany, Germany's annual inflation rate was confirmed at 2.0 percent in October by data released Tuesday by the Federal Statistical Office, accelerating from a three-and-a-half-year low in September, when it was at 1.6 percent, and in line with preliminary estimates.

This was the highest inflation in three months, with services inflation accelerating to 4 percent from 3.8 percent in September, and food to 2.3 percent from 1.6 percent, and goods rebounding to 0.4 percent from a 0.3 percent decline.

Considering all listings, only 17 percent of stocks are up, while 36 percent are down, unchanged 4 percent, and not traded 43 percent, with a trading value around EUR1.0 billion.

The FTSE Mib is thus giving up 1.1 percent to EUR33,978.82.

In Europe, London's FTSE 100 is down 1.0 percent, Paris' CAC 40 is giving up 1.3 percent, and Frankfurt's DAX is leaving 0.9 percent on the sidelines.

Among the smaller lists, the Mid-Cap is giving up 0.7 percent to 46,988.27, the Small-Cap is giving up 0.8 percent to 27,687.25, and Italy Growth is in the red 0.3 percent to 7,774.42.

On the highest-capitalization list in Piazza Affari, good session for STMicroelctronics, which is up 2.7 percent to EUR25.90 per share, on the heels of the viglia's 2.6 percent gain.

Among the bullish few is still Leonardo, which advances 1.5 percent. Of note, IDV, the Iveco Group brand-which rises 0.1%-specializing in defense and civil defense vehicles, is entering the joint venture created by Leonardo and Germany's Rheinmetall, Il Messaggero wrote Tuesday. IDV's share will be between 12 percent and 15 percent of the total assets of the joint venture, which will be responsible for the production of tracked combat vehicles for the Italian Army.

UniCredit -- down 0.4 percent -- announced Tuesday that it purchased 5.5 million of its own ordinary shares between Nov. 4 and 8. The shares were taken over at an average price of EUR40.4285 for a total value of EUR224 million. As a result of these transactions, the company holds 77.9 million shares or 4.8 percent of the share capital.

A2A's board of directors -- down 1.3 percent -- reviewed accounting data as of Sept. 30, closing with net income attributable to the group amounting to EUR713 million, up EUR288 million from the previous year, when it was EUR425 million. Group revenues for the period amounted to EUR9.09 billion, down 17 percent from the same period a year earlier.

Mediobanca -- in the red by 7.1 percent -- on Tuesday said it closed the first quarter with a net profit of EUR330 million from EUR351.3 million in the same period last year ended Sept. 30, 2023. Net interest income stood at EUR485 million from EUR495.7 million as of Sept. 30, 2023.

On the Mid-Cap, Alerion Clean Power - up 3.8 percent - reported that it has signed with Alperia Greenpower Srl - a wholly owned subsidiary of Alperia Spa - a purchase and sale agreement regarding an equal joint venture for the development and management of a portfolio of wind power plants in Puglia, with a total capacity of about 120 MW, including 62 MW already operational and 58 MW under construction.

Fincantieri, on the other hand, rises 0.3 percent, following Monday's 7.7 percent gain at the close. It is worth mentioning that the company reported Monday that it had successfully concluded the membership campaign for the company's first widespread shareholding and co-investment plan, which saw significant participation by the group's employees in Italy, Norway and the US.

Salcef, meanwhile, advances 0.2 percent, with results expected on Thursday and with price in the EUR25.90 per share area.

Caltagirone trades down 1.3 percent at EUR6.14, after earlier rising by updating a new 52-week high at EUR6.28 per share.

Tinexta, on the other hand, is giving up 5.5 percent to EUR7.54. The stock during trading updated its 52-week low to EUR7.48.

Sesa - in the red by 1.2 percent - reported Monday that it purchased 19,500 of its own ordinary shares between Nov. 4 and 8. The shares were taken over at an average unit price of EUR78.26 or so, for a total value of EUR1.5 million.

On the Small-Cap, Newlat Food -- ahead 5.1 percent -- on Tuesday reported that it closed the first nine months with consolidated combined revenues of EUR2.03 billion, marking a group record. Net income for the period stood at EUR170.8 million, up from EUR18.2 million from the first nine months of 2023.

Centrale del Latte d'Italia, meanwhile, is flat at EUR2.74. The company approved its September 30 results, ending the period with a net profit result of EUR8.3 million, up from September 30, 2023, whose figure was EUR6.3 million.

Eems is instead giving up 3.2 percent to EUR0.1723, heading for its third consecutive bullish candle.

Seco, on the other hand, is leaving 3.5 percent on the plate. The company and Raspberry Pi on Tuesday announced that they have signed a strategic business agreement aimed at expanding their business opportunities by collaborating on hardware and software development.

Seri Industrial, on the other hand, gives up 0.7 percent to EUR2.92, following a 0.2 percent red note in the previous session. The stock on the MarketScreener platform--on the average of two analysts--is listed with a target price of EUR7.40 per share, thus being underpriced by nearly 152 percent.

Among SMEs, Adventure advances with 9.4 percent, after eve's decline of more than 13 percent.

Omer -- in the green by 1.8 percent -- on Tuesday announced that it has signed, through its subsidiary Omer North America Corp, a contract with Alstom involving the supply of technical and furnishing components for trains commissioned by Metra, a company that handles public transportation in the Chicago metropolitan area. The order awarded to OMER involves the supply of hat modules and ventilation systems for 221 coaches.

Energy--green by 1.1 percent--reported Monday that it had acquired an additional 13.5 percent stake in EnergyInCloud, in which it already held 73 percent. For the stake, which was taken over by a minority shareholder in the subsidiary, the company invested EUR20,000.

Ambromobiliare, on the other hand, ranks in the rear giving up 5.5 percent instead, with price in the EUR1.04 area.

In New York yesterday evening, the Dow closed up 0.7 percent, while the Nasdaq rose 0.1 percent as did the S&P 500.

Among currencies, the euro changed hands at USD1.0616 from USD1.0640 in Monday's European stock close. The pound is worth USD1.28/16 versus USD1.2859 on Monday evening.

Among commodities, Brent crude is worth USD72.25 per barrel from USD71.88 per barrel on Monday evening. Gold trades at USD2,596.15 an ounce from USD2,602.31 an ounce last night.

On Tuesday's macroeconomic calendar, the OPEC monthly report is scheduled to be released at 1300 CET from the US.

By Maurizio Carta, Alliance News reporter

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