(Alliance News) - Piazza Affari is expected to open Tuesday's session higher, ahead of the arrival of Italy's Gross Domestic Product data and in anticipation of similarly relevant numbers for the Eurozone and U.S. later in the week.

The FTSE Mib is given up 72.1 points or 0.2 percent after closing down 0.5 percent at 30,233.61 on Monday's session.

In Europe, London's FTSE 100 is shown up 34.5 points or 0.5 percent, Paris' CAC 40 is expected up 24.3 points or 0.3 percent and Frankfurt's DAX 40 is given up 49.0 points or 0.3 percent.

Last night in Milan, the Mid-Cap gave up 0.4 percent to 45,308.09, the Small-Cap left 0.3 percent at 27,758.51 on the parterre while the Italy Growth picked up 0.2 percent to 8,313.85.

In Piazza Affari, on the Mib, few stocks closed with bullish trends. Among them, Iveco took home 1.5 percent, with new price at EUR9.75, on the heels of Friday's gain of 1.0 percent.

Eni also did well, with the six-legged dog's stock closing bullish by 1.1 percent, on its fifth straight session of gains.

Poste Italiane -- in the red by 2.5 percent -- announced Thursday that it had approved plans to merge Address Software, whose share capital is wholly and directly held by Poste Italiane itself.

"The operation is aimed at standardizing, evolving and engineering the processes of operation of the group's technology platforms as well as streamlining and rationalizing the operational structure; this is also in order to achieve a reduction in the characteristic costs of each corporate structure as well as to realize the consequent improvement in the group's economic results," the company explained in a note.

Hera - in the red by 0.4 percent - announced Thursday that its subsidiary Herambiente Servizi Industriali has entered into a binding agreement to purchase 70 percent of Piacenza-based TRS Ecology, to which the business unit pertaining to TRS Ecologi's multi-purpose special waste treatment platform located in Caorso (PC) has been contributed.

Also hurting was STMicroelectronics - in the red by 0.8 percent -, which reported Thursday that it had revenues of USD4.28 billion in the fourth quarter of the year, down 3.2 percent from USD4.42 billion in the same period of 2022. Gross profit amounted to USD1.95 billion down 7.3 percent from USD2.10 billion in the fourth quarter of 2022.

Snam, on the other hand, gives up 1.5 percent to EUR4.44 after approving its 2023-2027 strategic plan. The company aims to achieve an increase in adjusted Ebitda of 7.4 percent on average per year, from about 7 percent in the previous plan. It also expects adjusted net income with growth of about 4 percent on average per year, up from 3 percent in the previous plan, "despite more onerous interest rates," the released note said.

On the Mid-Cap, Digital Value closed up more than 10 percent, after a 0.2 percent decline on Friday night.

Good purchases were also made on d'Amico, up 1.8 percent to EUR6.40 per share. During the session, the stock updated its 52-week high to EUR6.55 per share.

Also among the bullish, the list's minority, was Salvatore Ferragamo -- up 1.5 percent --, which reported Thursday that preliminary revenues for 2023 stand at EUR1.16 billion from EUR1.25 billion in the previous year and therefore down 7.6 percent. The retail distribution channel as of December 31 reports net sales down 11 percent from 2022 and wholesale sales down 12 percent on the previous year.

De' Longhi - in the red by 1.5 percent - reported preliminary revenues in the first 12 months of 2023 of EUR3.1 billion, down slightly by 2.7 percent from the same period last year. As for the fourth quarter, preliminary revenues stood at EUR1.02 billion, up 4.6 percent on the same period a year earlier.

On the Small-Cap, Autostrade Meridionali closed up 8.0 percent, with new price at EUR12.10 per share, in its third session closed with a bullish candle.

Aeffe's board of directors -- up 0.4 percent -- on Thursday approved preliminary sales figures for fiscal 2023, which closed with consolidated revenues of EUR319 million, down 9.0 percent at constant exchange rates and 9.5 percent at current exchange rates, compared to EUR352 million in 2022.

Softlab gave up 2.7 percent, with new price at EUR1.65 after Friday night's 3.0 percent gain.

doValue, on the other hand, left 4.0% on the parterre, the subject of profit taking after five closed sessions among bullish traders.

Among the list's bullish, minority performers was Safilo, which put in a plus 6.0% on the eve of the release of its accounts.

Italian Exhhibition Group, on the other hand, picked up 3.0 percent, in its third session on the bullish side.

Among SMEs, ESI's stock closed up more than 10 percent. On Friday, the company announced the signing of a framework agreement with a leading institutional investor. The agreement concerns the technological modernization of photovoltaic plants located in Italy, with a total capacity of 60 MWp. The amount of the order, amounting to about EUR23.4 million, will be for the two-year period 2024-2025.

High quarters, among others, also for Imprendiroma, which marks a plus 7.9 percent, bringing the price to EUR3.00.

Racing Force is up 4.5 percent. The company announced Monday that it has entered into a partnership with Aston Martin Aramco Formula One Team in which the Italian company becomes the new official racewear supplier for the British team at the start of the FIA Formula One World Championship.

Good buys also on Comal, which closed bullish by 3.5 percent following up on three previous bullish candles.

In Asia, the Nikkei closed Tuesday up 0.1 percent to 36,065.86, the Shanghai Composite lost 1.8 percent to 2,831.54, and the Hang Seng gave up 2.3 percent to 15,714.34.

In New York, at Monday's close, the Dow gained 0.6 percent to 38,333.45, the Nasdaq rose 1.1 percent to 15,628.04 and the S&P 500 was up 0.8 percent to 4,927.93.

Among currencies, the euro changed hands at USD1.0816 against USD1.0805 recorded at Monday's European stock close while the pound is worth USD1.2695 from USD1.2679 last night.

Brent crude is worth USD82.85 per barrel versus USD81.91 per barrel at Monday's close. Gold, meanwhile, trades at USD2,035.14 an ounce from USD2,027.45 an ounce on Monday evening.

On Tuesday's calendar, at 1000 CET, GDP data will come from Italy and Germany. At 1100 CET, again from Italy, coming up on producer prices.

Still at 1100 CET, from the Eurozone will come consumer and business reports, as well as service sector sentiment.

At 1110 CET, an auction of 5- and 10-year Treasury bonds is scheduled.

From the States, at 1500 CET, eyes on the housing price index, while at 2230 CET the weekly oil stocks report will be due.

On the corporate calendar, Clabo, Cofle, Caribbean Company, ELSA Solutions, Emak, Fervi, and Safilo Group will release results.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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