Listings expected to be in green according to futures

(Alliance News) - On Tuesday, major European stock markets are expected to be in positive territory according to IG futures on a morning filled with macroeconomic data including the Italian producer price index, Spanish inflation, and consumer confidence in the Eurozone.

Thus, futures give the FTSE Mib in the green by 0.1 percent or up 30.0 points after closing in the red by 0.4 percent at 26,617.35.

Paris's CAC 40 is expected to be in the green by 11.2 points or 0.2 percent, Frankfurt's DAX 40 is given up 0.1 percent or down 17.0 points, while London's FTSE 100 is expected to be up 0.1 percent or 9.1 points.

In macroeconomic news, Japan's unemployment rate fell to 2.6 percent in April 2023 from March's 14-month high of 2.8 percent, less than the market forecast of 2.7 percent.

The number of unemployed fell by 150,000 to 1.8 million, while employment increased by 130,000 to 67.4 million.

On Monday, among the smaller listings, the Mid-Cap fell 0.4 percent to 42,185.58, the Small-Cap closed in the red 0.5 percent to 27,545.31, and Italy Growth finished in the green 0.2 percent to 9,121.14.

On the main index in Piazza Affari, Tenaris closed up 1.9 percent, with price at EUR12.21 on the heels of the green from the previous session that closed up 0.9 percent.

The buy side prevails - among the few stocks in the green - on Amplifon, which closed ahead 1.1 percent. Of note, Millennium International Management on Friday raised its short position on the stock to 0.6 percent from 0.5 percent.

Eni - up 0.2 percent - announced Monday that it has signed an agreement with RINA, a multinational inspection, certification and engineering consultancy firm, with the aim of developing joint initiatives "to contribute to the process of energy transition and decarbonization of their respective activities with particular attention to the shipping sector, in which RINA and Eni will be able to enhance each other's expertise," according to the press note.

UniCredit - down 0.2 percent - announced Friday that it has expanded its partnership in payments with Mastercard, which enables the former to provide all cardholders with a first-rate offering, with a simplified product proposition, a streamlined digital experience with a full suite of in-app solutions, and the development of a dedicated approach to innovation, increasing payment choice for customers across multiple payment solutions.

Also at the tail end is ERG, which closed down 1.6 percent at EUR25.48 per share after hitting a 52-week low of EUR25.26.

On the cadet segment, Maire Tecnimont advanced 1.5 percent. The company announced Thursday that it has signed a new EUR40 million loan agreement with BPER Corporate & Investment Banking, assisted for 80 percent of the amount by a guarantee granted by SACE, in order to further strengthen the group's financial structure.

Strength also on Datalogic stock, which brought home a 2.3 percent gain on the heels of the green in the previous session that closed with a plus 1.8 percent.

Sales on Ariston Holding, which closed with minus 2.0% after two sessions ended among the bullish.

Rear-ends also for Salcef Group, also down 2.0% after two previous sessions in the green.

On the Small-Cap, Seri Industrial closed down 9.1%, marking the seventh session in a row with a negative balance at the final bell.

On the other hand, ePrice gave up 4.7 percent, following a 2.7 percent loss in the previous session. the shares are now worth only EUR0.0102.

Tesmec--down 3.0 percent--reported Friday that Cerved Rating Agency, an Italian agency that specializes in assessing the creditworthiness of non-financial firms, confirmed the company? "s "B1.2" solicited rating.

On a positive note, Eukedos took home 4.6 percent, rearing its head again after two bearish sessions.

Among SMEs, High Quality Food took home more than 15 percent with new price at EUR1.17. Last week the board approved two capital increases. The first is EUR533,600 and reserved for Francesco Paltoni, to be subscribed by contribution in kind of a 46 percent stake in the capital of HQF Agricola, with issuance of 456,068 new shares at a unit price of EUR1.17. The second is for a maximum of EUR3.0 million and reserved for institutional investors and strategic partners, to be subscribed in cash with issuance of a maximum of 2.7 million new shares, at a unit price of EUR1.11.

Casta Diva Group closed ahead 7.5 percent, after announcing Monday that it had approved its draft financial statements as of Dec. 31, 2022, in which revenues stood at EUR83.6 million, up 210 percent from EUR26.9 million in the same period last year. Value of production stood at EUR83.9 million, up 182% from EUR29.7 million. Profit is EUR1.8 million from EUR429,211 in 2021.

Imvest - in the red by 13 percent - announced that it has approved draft financial statements for the year ended Dec. 31, 2022, having reported sales revenue of EUR4.0 million from EUR2.8 million in the same period in 2021. Value of production is EUR4.6 million from EUR2.6 million in the same period of the previous year. The loss amounted to EUR1.2 million from one of EUR5.3 million in 2021.

Fenix Entertainment, on the other hand, closed down 13 percent, with the stock almost halving its market cap since the beginning of 2023 with a red of more than 95 percent.

In Asia, the Nikkei closed in the green 0.2 percent to 31,305.21 and the Hang Seng is rising 0.1 percent to 18,562.926, while the Shanghai Composite is in the green 0.1 percent to 3,222.91.

In New York on Tuesday, the Dow Jones closed in the green 1.0 percent to 33,093.34, the S&P gained 1.3 percent to 4,205.45, while the Nasdaq was up 2.2 percent to 12,975.69.

Among currencies, the euro changed hands at USD1.0688 against USD1.0712 at Monday's European equities close. In contrast, the pound is worth USD1.2334 from USD1.2356 on Monday evening.

Among commodities, Brent crude is worth USD76.61 per barrel versus USD76.48 per barrel on Monday night. Gold, meanwhile, trades at USD1,952.35 an ounce from USD1,946.75 an ounce on Monday evening.

On Tuesday's macroeconomic calendar, Italy's producer price index is due at 1000 CEST while, four hours later, it will be the turn of Germany's inflation. At 1100 CEST, focus on Italy's industrial sales data.

At 1100 CEST, space for consumer and business confidence indicators for the Eurozone. At 1110 CEST, there will be an auction of 5- and 10-year BTPs.

In the afternoon, in the US, at 1600 CEST, the consumer confidence report will be released while, at 1730 CEST, an auction of 3- and 6-month Treasury bonds will be held.

Among the companies in the Square of Business, the results of Ecosuntek, GO internet, H-farm and RES are coming up.

By Claudia Cavaliere, Alliance News reporter

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