(Alliance News) - On Monday, European stock markets, contrary to what was seen in the futures market, opened the session lower, kicking off a busy week because of central bank decisions. The Federal Reserve -- on the heels of a better-than-expected U.S. employment report -- will announce its final rate decision on Wednesday. On Thursday, however, it will be the turn of the Bank of England's European Central Bank.

On the economic data side, Chinese consumer prices fell 0.5 percent year-on-year in November, a sharper decline than the previous month's 0.2 percent drop and compared to market forecasts of a 0.1 percent drop. This was the fastest decline in the consumer price index since November 2020.

The FTSE Mib, therefore, reports a bearish opening of 0.2 percent at 30,333.47.

In Europe, London's FTSE 100 is giving up 0.4 percent, Paris's CAC 40 is rising with 0.2 percent, while Frankfurt's DAX 40 is giving up fractionally.

On Friday, among the smaller listings, the Mid-Cap is down 0.2% at 42,607.40, the Small-Cap is just above par at 26,639.76, and Italy Growth is fractionally in the red at 8,088.61.

On the Mib, good start for the banking sector, which sees Banco BPM advancing 1.3 percent. Also good opening for Banca Monte dei Paschi and BPER Banca, up 0.9% and 0.8%, respectively.

Leonardo is also moving well, posting a plus 0.7%. International rating agency S&P Global included Leonardo in the Dow Jones Sustainability World Index and the Dow Jones Sustainability Europe Index for the 14th consecutive year.

On a negative note, ERG gives up 2.4% with new price at EUR26.36. Of note, Morgan Stanley cut its target price on the stock to EUR27.30 from EUR26.80.

Also among the few bearish performers is DiaSorin, which marks minus 1.5 percent, in its third session on the bearish side.

On the MidCap, Banca Ifis advances well, reflecting a good start for the banking segment, which marks plus 1.8% after Friday's gain, albeit a modest 0.3%.

MARR, on the other hand, advances 1.8 percent after two sessions closed in the red.

For Intercos, on the other hand, the surplus is 1.4 percent after Friday night's 1.5 percent red.

List tail for Caltagirone, which gives up 2.4 percent with new price at EUR4.00 after Friday night's 1.2 percent green.

On the SmallCap, boost on Basicnet, which moves ahead 2.9% after Friday's 1.0% gain.

doValue, on the other hand, advances 3.0 percent after Friday's 1.4 percent green. The company on Monday announced the signing of the acquisition by doValue Spain of Team 4 Collection & Consulting S.L.u., a subsidiary of the Arvato Group. The transaction is expected to close by the end of the year and is subject to standard conditions precedent. This integration accelerates doValue Spain's strategy to expand its activities in the management of small unsecured loans, a rapidly growing market segment in the region and in Europe, and is consistent with its strategy to develop its business through greater diversification and a broader client base.

Tessellis--equally in the upper echelons--marks a plus 4.1 percent, positioning the snout toward its fifth session to close among the bullish.

Among SMEs, Intred advances 6.5 percent, setting the price bar at EUR11.40 per share.

Convergences, on the other hand, marks a bullish candle 4.6 percent, after Friday's 0.7 percent loss.

Aton Green Storage, on the other hand, marks a 4.3 percent gain, after a 0.7 percent decline on Friday night.

Among the bearish, in a still uneventful list, ESI marks a minus 2.7% with price at EUR2.07. Of note, the stock on a weekly basis marks a gain of more than 20 percent.

In New York on Friday evening, the Dow closed up 0.4 percent, the Nasdaq in the green by 0.5 percent, and the S&P 500 closed ahead by 0.4 percent.

In Asia, the Nikkei advanced 1.6 percent, the Shanghai Composite advanced 0.7 percent, while the Hang Seng left 0.9 percent on the sidelines.

Among currencies, the euro changed hands at USD1.0766 against USD1.0751 recorded at Friday's European stock close, while the pound was worth USD1.2544 from USD1.2537 on Friday evening.

Brent crude is worth USD76.54 per barrel versus USD75.64 per barrel at Friday's close. Gold, meanwhile, trades at USD1,998.94 an ounce from USD2,005.58 an ounce on Friday night.

On Monday's macroeconomic calendar, from the U.S., consumer inflation expectations are due at 1730 CET, while a 3- and 6-month Treasury bond auction is scheduled at 1730 CET, and at 1900 CET it will be the turn of the 3-month and 10-year maturities.

On the Piazza Affari corporate calendar, no events are scheduled.

By Maurizio Carta, Alliance News reporter

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