(Alliance News) - European marketplaces moved without a single direction on Monday, after elections in Spain failed to produce a clear winner and markets awaited decisions from major central banks later in the week, along with one of the busiest weeks on the corporate calendar for second-quarter data.

Trading rooms also reckoned with a set of PMI data indicating a worsening downturn in the eurozone in July, with markets certain that the Eurotower will continue unhesitatingly with an increase in the cost of money, already at the highest since 2008 when measured in the main refinancig rate that marks a 4 percent rate.

The FTSE Mib, therefore, moves around the parity line at 28,850.00 points.

In Europe, London's FTSE 100 is rising 0.1 percent, Paris' CAC 40 is giving up 0.2 percent, and Frankfurt's DAX 40 is marking plus 0.1 percent.

Among the smaller lists, however, the Mid-Cap is climbing 0.2 percent to 42,250.92, the Small-Cap is advancing 0.3 percent to 26,760.33, and Italy Growth is marking a fractional green at 9,065.81.

In the princely listings of Piazza Affari, Pirelli advances, which puts in a plus 2.5 percent, rearing its head again after four bearish sessions.

High quarters also for Saipem, which advances with 2 percent. On the stock it is mentioned that Marshall Wace on Friday revised its short position on the stock to 0.68 percent from 0.71 percent.

Banca Monte dei Paschi marks a minus 1.8%, following up on the previous three bearish sessions.

Hera, on the other hand, marks a plus 1.8 percent, when there are two days left before the publication of its semiannual report. The stock closed down 0.2% Friday evening, after four sessions among the bullish.

Iveco Group, on the other hand, advances 0.6%, with price in the EUR8.18 area breaking the three-session negative mini-trend.

Stellantis - in the money with 0.5 percent - and Samsung SDI announced Monday that they have signed a memorandum of understanding to build their second battery production plant in the U.S. under the StarPlus Energy joint venture. The plant, scheduled to start production in 2027, aims to have an initial annual production capacity of 34 gigawatt hours.

Recordati, on the other hand, is giving up 0.3 percent, veering lower after just over an hour of trading with a positive balance.

On the MidCap, Eurogroup Laminations is marking minus 2.6 percent, in its third bearish session.

WIIT, on the other hand, gives up 3.3 percent, positioning its snout toward its third session to close with a negative balance.

Webuild also gives ground in the rear, which is leaving 0.6 percent on the parterre in the wake of Friday night's 1.7 percent loss

Leading the list are MFE Class A shares, which are advancing 3.1 percent, as well as Mondadori Editore, which is advancing 2.4 percent, rearing its head again after five bearish sessions.

Doing best of all is Iren, which advances instead with 3.6 percent, on the heels of Friday night's 1.3 percent gain and bringing the weekly frame asset over 6 percent.

On the SmallCap, FILA marks a plus 2.1 percent, beating Friday night's assets by the same percentage.

On the other hand, d'Amico advances with 3.2% to EUR3.52, after the 1.6% red on the eve taking the lead in the segment.

The buy side also prevails, among many, on Olidata, which advances with 2.6 percent. The stock--which has been missing the ex-dividend since 2004--has more than doubled its market cap since the beginning of the year, with assets up more than 103 percent.

Restart is giving up 4.0 percent, repricing in the EUR0.24 area and closing the listing. There is a high trading volume of over 446,000 pieces on the stock compared to a three-month daily average of about 31,000.

Among SMEs, Farmacosmo leads the way, posting a plus 4.9 percent bringing the bar to EUR1.0450.

Bifire, on the other hand, rises with a plus 3.7 percent, in its fifth bullish session.

At the tail end, Clabo gives up 4.0%, after four sessions of positive balance thanks to good numbers published last week.

Gismondi 1754 steps back 5.2%, on the heels of Friday night's 5.7% red.

In New York on Friday, the Dow Jones closed in fractional green, the Nasdaq down 0.2 percent, and the S&P 500 closed just above par.

Among currencies, the euro changed hands at USD1.1080 versus USD1.1121 in Friday's European stock close while the pound was worth USD1.2829 from USD1.2852 on Friday evening.

Among commodities, Brent crude is worth USD81.80 per barrel versus USD80.51 per barrel at Friday's close. Gold, on the other hand, trades at USD1,965.00 an ounce from USD1,960.00 an ounce Friday night.

On Monday's macroeconomic calendar, from the States, at 1545 CEST comes the manufacturing PMI, at 1730 CEST a 3- and 6-month Treasury bond auction is scheduled, and at 1900 CEST the maturity at auction will be the 2-year maturity.

By Maurizio Carta, Alliance News senior reporter

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