(Alliance News) - Piazza Affari is expected to rise slightly ahead of Tuesday's start of trading on a still soft day under macroeconomic and corporate profiles.

The FTSE Mib is given substantial parity by IG futures after closing down 0.7 percent at 34,955.95 Monday.

London's FTSE 100 is expected down 27.7 points or 0.3 percent, Paris' CAC 40 is shown in the red by 4.8 points or 0.1 percent, and Frankfurt's DAX 40 is estimated up 77.4 points or 0.4 percent.

In Milan last night, the Mid-Cap lost 1.1 percent to 47,020.92, the Small-Cap finished down 0.7 percent to 28,453.19, and Italy Growth ended the session down 0.4 percent to 8,171.26.

On the Mib, the best daily performance yesterday was Saipem, which closed up 1.3% at EUR2.02 per share.

Also in the oil sector, Tenaris, which rose 1.0%, and Eni, up 1.1%, did well.

The braking, however, continued in the energy and banking sectors. ERG lost 1.6 percent; Banco BPM closed down 1.8 percent; and Banca Popolare di Sondrio closed down 2.1 percent. BPER Banca gave up 1.5 percent.

Worst banking stock in the basket was Banca Monte Paschi di Siena, down 2.7% to EUR5.27. The Italian government's maneuvering but also a downward revision of targets by Morgan Stanley weighed on the sector.

FinecoBank, after a positive opening, closed 1.2% in the red. On Monday morning, the company announced that, following the ECB's approval, it intends to exercise the option to fully redeem the EUR300 million Additional Tier 1 bond early on December 3 this year.

The remaining outstanding portion of the bonds, following the buyback carried out in March this year, amounts to EUR131.9 million.

Profit-taking on Brunello Cucinelli, which closed down 2.0%, down throughout the day.

On the Mid-Cap, Digital Value rebounded after a week to forget due to its involvement in the Sogei investigation, closing up 5.3%.

Webuild closed down 2.1 percent. The company announced Monday that it is holding a roadshow with the aim of assessing market conditions in connection with the potential issuance of fixed-rate senior unsecured bonds.

Proceeds from the new bonds will be used to repay the company's existing debt.

OVS gave up 1.8 percent after Dolfin 37, linked to director Stefano Beraldo and managing director Nicola Perin, sold 141,000 ordinary shares in the company.

Instead, the company is continuing with share buybacks. In fact, OVS announced on Monday that it has bought back shares worth a total of EUR1.1 million.

On the bearish side are BFF Bank, down 2.7 percent, Safilo Group, down 3.7 percent, and Salvatore Ferragamo, which closed the session losing 3.5 percent.

On the Small-Cap, Risanamento closed the session up 3.8% while queen of the session was Mondo TV, up 7.3%.

CY4Gate closed up 1.4 percent after reporting that it has signed EUR2.5 million with leading corporate and institutional clients for the 'acquisition of cyber security solutions and for the duration of one year.

The contracts relate to the supply of the Hybrid Digital Twin, cutting-edge technology owned by the CY4Gate group and developed by Diateam.

On the decline was Unieuro, down 0.2 percent, after the board of directors, meeting on Friday to discuss the voluntary takeover bid promoted by Fnac Darty and Ruby Equity Investment, decided by majority vote not to join the offer.

Among SMEs, up was Trendevice, which closed with a 4.6 percent jump, while Health Italia rose 6.5 percent.

BolognaFiere closed flat at EUR1.25 per share. The company continues to expand its exhibition offerings with the addition of new events and strengthens its position in the international exhibition industry.

According to CEO, Antonio Bruzzone, interviewed by Corriere della Sera, these acquisitions confirm the attractiveness of BolognaFiere thanks to its excellent logistical location and ongoing investment in the expansion and renovation of the exhibition center.

In Asia, the Nikkei is down 1.4 percent to 38,429.97, the Shanghai Composite is up 0.1 percent to 3,269.89, and the Hang Seng is flexing 0.2 percent to 20,433.46.

Last night in New York, the Dow Jones closed down 0.8 percent at 42,931.60, the Nasdaq gained 0.3 percent to 18,540.01 and the S&P 500 finished down 0.2 percent at 5,853.98.

Among currencies, the euro changed hands at USD1.0823 against USD1.08472 in Monday's European stock close while the pound was worth USD1.3005 from USD1.30232 last night.

Among commodities, Brent crude is trading at USD73.94 per barrel versus USD73.85 per barrel in Monday's European stock close. Gold trades at USD2,730.67 an ounce from USD2,732.16 an ounce on Monday evening.

Tuesday's macroeconomic calendar includes the auction of German Schatz with two-year maturity at 1130 CEST. At 1200 CEST, the IMF summit meeting in the US and the monthly report of the German Bundesbank are scheduled.

At 1300 CEST, foreign direct investment data for China will be released. At 1430 CEST, for Canada, space is given to the industrial goods price index and the commodity price index.

At 1515 CEST, the speech of the president of Germany's Buba is scheduled; at 1525 CEST, that of the governor of the UK Bank. At 1600 CEST and 2115 CEST, the ECB president's speech is expected.

Among the companies in the Piazza Affari, the results of Gismondi 1754 and Fidia are expected.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

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