(Alliance News) - Piazza Affari is expected to rise ahead of Wednesday's start of trading, at the opening of a busy day in both macro and corporate terms.

The FTSE Mib is expected to rise 120.0 points or 0.3 percent after closing 1.0 percent higher at 35,151.42 on Tuesday's session.

London's FTSE 100 is indicated up 31.9 points or 0.4 percent, Paris' CAC 40 is expected up 15.0 points or 0.2 percent and Frankfurt's DAX 40 is given up 33.6 points or 0.2 percent.

In Milan, the Mid-Cap closed up 0.8 percent to 48,197.64, the Small-Cap gained 0.6 percent to 29,638.80 while the Italy Growth was up 0.1 percent to 8,235.77.

On the Mib, in a banner day for banking stocks, BPER Banca took home 5.0%, following up Monday night's rise, albeit by a more timid 0.3%.

Strength also on Banca Monte dei Paschi, which closed up 2.7% at EUR4.87. On the stock it is reported that Barclays raised its target price to EUR5.50 from EUR5.30 with an 'overweight' rating.

Intesa Sanpaolo, on the other hand, appreciated by 2.1 percent, in its third consecutive bullish session.

Italgas, on the other hand, fell 1.7 percent after the release of its quarterly accounts. Pre-tax profit improved to EUR170.5 million from EUR153.0 million while net income rose to EUR125.3 million from EUR111.9 million.

Pirelli, on the other hand, fell 1.3 percent to EUR6.12. Goldman raised its target price on the stock to EUR6.30 from EUR5.90 with 'neutral' rating.

On the Mid-Cap, Reply closed the session up 7.8 percent. The company disclosed Tuesday that it posted a first-quarter pretax profit of EUR73.1 million from EUR62.1 million in the same period of 2023.

GVS -- up 8.3 percent -- disclosed Tuesday that it ended the quarter with net income of EUR9.9 million up 7.7 percent from EUR2.5 million in the same period a year earlier. Revenues amounted to EUR105.4 million from EUR104.9 million in the first quarter of 2023.

Carel Industries, on the other hand, left 8.2 percent on the parterre, after declining 0.2 percent on the eve.

For PharmaNutra, on the other hand, the loss was 8.3 percent after eve's 2.5 percent loss, paying duty on sharply declining first-quarter numbers but slightly increasing revenues. Profit was EUR2.6 million, down 43% from EUR4.6 million in the first quarter a year earlier. Revenues amounted to EUR23.7 million up 0.5% from EUR23.8 million as of March 31, 2023.

On Small-Cap, strength on Aedes, which gained more than 14%, rearing its head again after three bearish sessions.

For Antares, on the other hand, the rise was 8.7 percent, rewarded in trading by the good increase in consolidated sales to EUR42.6 million from EUR39.7 million as of March 31, 2023.

Fiera Milano closed up 6.2% to EUR4.04. In the first quarter, profit was EUR7.6 million, down from EUR8.4 million as of March 31, 2023. Revenues, however, improved to EUR72.4 million from EUR48.1 million in the same quarter last year.

SIT, however, gave up 3.3 percent, in its third bearish session in a row.

The board of directors of Gabetti Property Solutions -- down 2.7 percent -- on Tuesday approved consolidated figures as of March 31, closing with a net loss of EUR700,000, lower than the substantial breakeven on March 31, 2023.

Rear-ends also for AbitareIn, which closed down 2.9% at EUR4.42, subject to profit taking after two sessions of good gains.

Among SMEs, Compagnia dei Caraibi gained more than 13 percent, with new price in the EUR0.87 per share area.

For Askoll Eva, the rise was 6.6 percent, following a 3.9 percent increase in the previous session.

Estrima, on the other hand, left 8.0% on the parterre, in its seventh bearish session in a row.

ISCC Fintech, on the other hand, gave up 4.2 percent, following the previous session's 3.8 percent loss.

In Asia, the Nikkei is up 0.1 percent to 38,375.88, the Shanghai Composite is down 0.6 percent to 3,125.55 while the Hang Seng did not open Wednesday.

In New York, the Dow closed Tuesday up 0.3% to 39,558.11, the Nasdaq rose 0.8% to 16,511.18 while the S&P 500 gained 0.5% to 500.

Among currencies, the euro changed hands to USD1.0824 from USD1.0816 in Tuesday's European stock close while the pound was worth USD1.2594 from USD1.2585 last night.

Among commodities, Brent crude trades at USD82.50 per barrel from USD82.47 per barrel Tuesday evening. Gold, on the other hand, trades at USD2,354.15 an ounce from USD2,353.83 an ounce on Tuesday.

On Wednesday's macroeconomic calendar, at 1100 CEST from the Eurozone, employment, GDP and industrial production are expected.

At 1300 CEST, from the US, the mortgage report is due, followed at 1430 CEST by the inflation and retail sales data.

At 1630 CEST, it will be the turn of the release of the crude oil stocks figure, the EIA report and the Cushing Invenatrio. Speeches by Kashkari and Bowman of the Fed are then expected.

On the corporate calendar, several quarterly reports are expected, including those of Circle, Class Editori, ERG, Poste Italiane and Telecom Italia.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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