(Alliance News) - On Tuesday, major European stock markets are expected to be in positive territory on a morning when inflation from Spain, wholesale prices from Germany and other macroeconomic data in Eurozone markets are expected.
Thus, IG futures give the FTSE Mib in the green by 0.2 percent or up 62.5 points after closing up 1.0 percent at 28,525.10.
Paris's CAC 40 is expected to be up 14.7 points or up 0.2%, Frankfurt's DAX 40 is given in the green by 0.2% or up 23.0 points, and London's FTSE 100 is expected to be up 15.0 points or up 0.2%.
Among other listings in Milan on Monday, the Mid-Cap closed up 0.2 percent to 41,378.97, as did the Small-Cap to 26,775.58 and Italy Growth up 0.3 percent to 8,778.67.
In macroeconomic news, the UK unemployment rate rose to 4.3% in May-July, the highest level since the third quarter of 2021, indicating that the labor market may be cooling after months of unprecedented monetary policy tightening by the Bank of England.
Returning to Milan, on the main index in Piazza Affari on Monday, Banca Monte dei Paschi di Siena rose 3.4 percent and trailed the banking sector, with Intesa Sanpaolo gaining 2.3 percent and BPER Banca, up 2.4 percent.
Intesa Sanpaolo announced on Friday the final results of its cash repurchase offer for all or part of its EUR750 million Additional Tier 1 Notes perpetual bond.
As of the expiration of the offer, the total nominal amount of existing securities validly offered for repurchase amounted to EUR503.1 million, representing approximately 67 percent of the total nominal amount of EUR750.0 million of existing securities outstanding.
Banca Generali--up 0.3 percent--reported Friday that net inflows for August were EUR247 million, up 20 percent from the same period last year. Since the beginning of the year, inflows stand at EUR3.9 billion.
Eni closed up 1.0% after announcing that it successfully placed an offering with a total face value of EUR1 billion of senior unsecured sustainability-linked convertible bonds.
FinecoBank rose 0.6 percent. The company posted robust net inflows of EUR648 million in August from EUR343 million a year ago, confirming the acceleration of the bank's growth path thanks to both new customer acquisition and a solid push into investments.
Unipol also did well, up 0.4 percent, after announcing--along with UnipolSai in the green by 0.4 percent on the Mid--that it had initiated related buyback programs for its own ordinary shares earlier in the day.
Unipol launched a buyback for a total of 385,000 shares, which can be purchased by the company itself and its subsidiary UnipolSai: Unipol's program relates to a maximum of 85,000 shares in the company equal to about 0.1 percent of its share capital, for a maximum period of 18 months and a spending limit of EUR300 million; UnipolSai's program, on the other hand, relates to a maximum of 300,000 Unipol shares, has a maximum validity of 18 months and a spending limit of EUR100 million.
UnipolSai let it be known that the program is for a maximum number of 850,000 shares, for a maximum term of 18 months and an expenditure limit of EUR100 million.
Of note, Saipem - in the green by 0.9% - announced that it has been awarded two new contracts for offshore activities in the Ivory Coast and Italy, with a total value of EUR850 million. Also of note, Capital Fund Management raised its short position on Saipem to 1.12% from 1.0%.
On the Mid-Cap, ENAV rose 0.4 percent after it disclosed Friday that it has signed four new contracts through its subsidiaries IDS AirNav and Techno Sky to supply systems to optimize flight data and improve airspace efficiency, with India, Norway, Romania, and Kosovo.
The total amount is approximately EUR11 million.
Webuild advanced 1.1 percent after it reported Thursday that it continues to grow in Australia and expand into segments new to the group. Australian subsidiary Clough won the AUD420 million contract to build the Shiplift at the Port of Darwin on Australia's north coast. The project involves the construction of a modern system for the lifting, ground handling and launching of small and large vessels, which will consolidate the coastal city's role as a major hub for ship maintenance and support services in the region.
On the Small-Cap segment, Mondo TV -- up 3.1 percent -- on Monday announced it had signed an agreement with Hangzhou Youku Culture Entertainment Co, China's leading Video on Demand content provider and part of the well-known Alibaba global operating group.
The agreement licenses the new series Grisu, co-produced with ZDF Studios, for 52 12-minute episodes in China.
Beghelli -- in the red by 1.7 percent -- disclosed Monday that it had approved results for the first half of the year in which the company posted a loss of EUR1.6 million, from a profit of EUR450,000 in the same period a year earlier.
Consolidated sales as of June 30 stood at EUR82.4 million, up 10 percent from EUR74.8 million in the first half of 2022.
Eurotech's board of directors -- in the green by 1.1 percent -- reviewed and approved the results for the first six months, a period that ended with a net loss of EUR940,000, compared with a loss of EUR4.26 million in the first six months of 2022.
Revenues for the first six months of 2023 stood at EUR47.9 million compared to EUR34.74 million in the first six months of 2022.
Among SMEs, NVP was not affected by the exchanges. The company announced Saturday that it has obtained a medium- to long-term KPI ESG Linked financing in the total amount of EUR1 million from Crédit Agricole Italia and guaranteed by SACE.
The transaction, the company specified in a note, aims "to support investments for the production of images related to international events of WTA Media and Dazn Group Limited UK, as well as to boost production capacity to meet the demands of foreign clients."
Ecosuntek moved ahead 2.6 percent after announcing Friday that it reported first-half production value of EUR253.0 million from EUR286.3 million in the same period of 2022, down about 12 percent.
Civitanavi Systems closed in the green by 0.5 percent Monday after announcing the opening of a new state-of-the-art plant at the heart of the aerospace and defense industry in Filton, Bristol County, UK.
In Asia, the Nikkei rises 0.9 percent to 32,773.54, the Hang Seng is in fractional green at 18,100.78, and the Shanghai Composite gives up 0.1 percent to 3,140.22.
In New York on Monday, the Dow Jones closed in the green by 0.3 percent at 34,663.72, the S&P finished up 0.7 percent at 4,487.46, while the Nasdaq closed in the green by 1.1 percent at 13,917.90.
Among currencies, the euro changed hands at USD1.0739 versus USD1.0745 in Monday's European equities close, while the pound was worth USD1.2513 from USD1.2528 on Monday evening.
Among commodities, Brent crude is worth USD90.89 per barrel versus USD90.35 per barrel at Monday's close. Gold, meanwhile, trades at USD1,942.35 an ounce from USD1,944.75 an ounce on Monday evening.
On Tuesday's economic calendar at 0900 CEST in Spain the consumer price index and producer price index are published, while two hours later, again in Germany, the ZEW index of economic conditions in the country is released and in the Eurozone the ZEW index of confidence sentiment is published.
On the bond front, in Italy at 1110 CEST an auction of 12-month BOTs is expected.
From overseas, at 1200 CEST, comes the report on small business optimism, while at 1800 CEST the EIA's near-term energy forecast is expected.
Among publicly traded companies, results are expected from B&C Speakers, Cembre, Circle, Garofalo Health Care, Giglio Group, SAES Getters, and Tamburi Investment Partners, among others.
By Claudia Cavaliere, Alliance News reporter
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