(Alliance News) - By mid-session on Tuesday, Piazza Affari was the tail-end of the major European stock markets, with Terna being the only stock rising on the Mib.

Eurostat also confirmed that the Eurozone's annual inflation rate stood at 2.0 percent in October, up from 1.7 percent in September. A year earlier, the rate was 2.9 percent.

Thus, the FTSE Mib is down 2.3 percent to 32,985.22, the Mid-Cap gives up 1.2 percent to 46,299.94, the Small-Cap is in the red 0.8 percent to 26,760.83, and Italy Growth gives up 0.4 percent to 7,736.91.

In Europe, London's FTSE 100 loses 0.5 percent, Paris' CAC 40 is in the red 1.2 percent and Frankfurt's DAX 40 gives up 1.1 percent.

On the highest-capitalization list in Piazza Affari, only Terna is saved, up 0.2 percent. The company announced Monday that in execution of the agreement signed in April 2022 and following the fulfillment of the conditions stipulated therein, its subsidiary Terna Plus Srl completed the third closing for the sale of SPE Transmissora de Energia Linha Verde I SA to CDPQ, a global investment group.

The banking sector hurt after yesterday's session's gains. FinecoBank gives up 4.6 percent and ends up at the bottom. Banca Popolare di Sondrio loses 4.3 percent while UniCredit is 3.9 percent in the red.

According to Tuesday's edition of Milano Finanza, the Andrea Orcel-led bank finalized the intercompany sale of a financial trading division: Germany's HVB transferred the team specializing in commodities, currency and derivatives trading, previously based in London, to the Italian parent company.

Stellantis, Telecom Italia and Iveco Group are also among the worst performers, with declines of between 4.1 percent and 3.2 percent.

On the Mid-Cap, Banco di Desio e della Brianza -- down 2.7 percent -- on Monday announced that it had finalized the closing of the transaction to purchase from Sigla Srl about EUR101 million, for a total of about 7,000 contracts, of loans to private customers secured by salary assignment and delegation of payment.

Among the bullish few, Reply rises 1.3% followed by Acea, in the green by 1.0%, and Moltiply Group, up 0.8%.

On the Small-Cap, among the bullish FNM advances 1.9%. The company's board of directors on Monday approved its 2024-2029 strategic plan, with a planned gross investment of EUR1.30 billion, focused on sustainable mobility and renewable energy.

Fine Industrie De Nora, which gained 2.1 percent. JPMorgan Asset Management cut its short on the stock to 0.46% from 0.59%.

Unidata--up 0.3%--reported Monday that it has signed an agreement with Connecting Europe Broadband Fund to take over 11 percent of ClioFiber, a wholesale operator involved in FTTH network deployment in the gray areas of the Puglia region.

Among SMEs, Sciuker Frames is flying - up 7.2 percent - after it announced Tuesday that it has signed a marketing agreement with UniCredit to offer the bank's customers access to exclusive terms for the installation of made-in-Italy windows and screens at SCK Finestre Stores.

Comal - in the red by 0.3 percent - announced Monday that it has issued a EUR5 million non-convertible, unsecured bond.

The 72-month bond, intended exclusively for professional investors, was fully subscribed in equal portions of EUR2.5 million each by Banco di Desio e della Brianza Spa and Banca Valsabbina Scpa.

Edil San Felice did well, in the green by 4.6 percent. The company announced Tuesday that the RTI formed by Fenix Consorzio Stabile Scarl - of which Edil San Felice is part - and AVR Spa, has been awarded a contract worth a total of EUR40.5 million, of which EUR24.3 million is the company's direct responsibility.

The board of ICF - Industrie Chimiche Forestali, in the green by 1.4 percent, on Monday reviewed its consolidated operating results for the first nine months, in which it reported revenues of EUR57.6 million compared to EUR60.3 million in the same period of 2023.

Litix - in the green by 1.6 percent - on Monday announced the start of work on the 6.5-meter-high marble statue dedicated to Sai Baba, worth EUR550,000, which will be the tallest marble statue ever made by a robot and will be created using the new "Robotor One Mega" robot.

In New York on Monday, the Dow closed down 0.7 percent, the Nasdaq finished 2.2 percent in the red, and the S&P 500 gave up 1.3 percent.

Among currencies, the euro changed hands at USD1.0566 from USD1.0569 on Monday in closing European equities. The pound is worth USD1.2678 versus USD1.2645 on Monday evening.

Among commodities, Brent crude is worth USD72.94 per barrel from USD72.98 per barrel Monday night. Gold trades at USD2,633.66 an ounce from USD2,610.93 an ounce on Monday evening.

On Tuesday's macroeconomic calendar, at 1430 CET, data on the construction sector is expected to be released from the US, with permits and new concessions.

At 2230 CET, the weekly oil stocks report will be released.

By Chiara Bruschi, Alliance News reporter

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