(Alliance News) - The Mib is extending last week's bullish momentum on Monday, advancing just below the 34,000 area -- after having caressed 34,100 points -- and reaching levels not seen since 2008 as investors prepare for upcoming central bank meetings in key economies such as the US, UK and Japan.
There is great anticipation for potential signals on the timing of interest rate adjustments in the US and UK while in Japan the focus is on the prospect of moving away from eight years of negative interest rates.
Among the day's macroeconomic data, consumer prices cooled in February in the Eurozone, Eurostat confirmed Monday. Harmonized annual consumer price inflation fell to 2.6 percent in February from 2.8 percent in January. The figure is in line with the preliminary estimate. On a monthly basis, prices in February rose 0.6 percent from January after falling 0.4 percent in January from December.
Thus, the FTSE Mib is rising 0.1 percent to 33,968, decelerating from the day's high of 34,143.90.
The Mid-Cap is advancing 0.6 percent to 47,266.40, the Small-Cap is up 0.7 percent to 27,520.55, and Italy Growth is down 0.2 percent to 8,030.37.
In Europe, London's FTSE 100 is advancing 0.1 percent, Frankfurt's DAX 40 is advancing 0.3 percent, and Paris' CAC 40 is up 0.1 percent.
On the Mib, doing better than all is DiaSorin, up 3.0% to EUR94.48, after Friday's heavy red by virtue of the release of results. The company announced Friday that it closed 2023 with net income down to EUR159 million from EUR240 million as of December 31, 2022. Adjusted net income amounted to EUR224 million from EUR319 million in 2022. Revenues in the period stood at EUR1.15 billion from EUR1.4 billion in 2022.
Also advancing well is Banca Monte dei Paschi, which is up 2.3 percent with price at EUR4.28 per share and touched a 52-week high of EUR4.32 per share after the open.
Purchases also on Leonardo, which is advancing 2.1 percent to EUR21.67. On the stock, Deutsche Bank raised its target price to EUR25.00 from EUR20.80.
Banca BPER also had a positive session, advancing 1.5 percent to EUR4.08 per share. The stock - during the session - updated its 52-week high to EUR4.10.
Among the bearish, Nexi is giving up 2.5 percent with price at EUR6.12 per share, in its fourth session on the bearish side.
Brunello Cucinelli, on the other hand, is down 2.2%, repricing at EUR105.10 and marking a minus 8.0%.
On the cadet segment, MFE stands out, with shares up 6.6% and 6.7% for the A and B classes, respectively. The company announced Monday that it is set to close 2023 with expected profits in excess of EUR217 million from the year before, not including the accounting effect of the consolidation of ProsiebenSat1. First-quarter advertising revenues, meanwhile, are expected to be 5 percent higher than in the same period in 2023, both in Italy and Spain.
Also advancing well is Tamburi, which is ahead 4.8 percent, with price at EUR9.64 per share. The stock touched its new 52-week high at EUR9.77 per share.
Salcef is leading the price up 2.5 percent to EUR22.50 per share, breaking a three-session bearish mini-trend.
Among the negative notes, Sanlorenzo is stepping back 1.8 percent to EUR41.25 per share, after a 1.2 green in the previous session.
On the other hand, d'Amico is giving up 1.8 percent, with new price at EUR6.36 per share after 4.9 percent green in the previous session.
On the Small-Cap, Bialetti brings the bar up 3.8 percent, reversing course after two negative sessions.
High quarters also for Aquafil, which scores a plus 4.9% at EUR3.23 per share and following up on Friday night's 2.2% gain.
Among the bearish, Neodecortech is stepping back 3.6 percent to EUR2.98, pulling the oars in the boat after three bullish daily candles.
Giglio.Group, also in the rear, is stepping back 3.3%, breaking a three-session bullish mini-trend.
Among SMEs, Askoll Eva is advancing 4.9 percent, with nuvo price at EUR0.2360, pointing to its third session on the bullish side. The company announced Friday that it has received a new order from customer Cooltra, a leading European company in sustainable two-wheeled mobility. The agreement calls for the supply within of 200 eS2 Sharing scooters, which will be deployed in Italy, and 1,400 batteries.
Caribbean Company raises the bar 4.0 percent, after two sessions among the bearish.
Impianti, on the other hand, is giving up 4.3%, with new price at EUR0.4060, after four sessions among the bullish.
Rear-ends also for Health Italia, which marks a minus 6.3% at EUR127.00, on its fourth bearish candle if confirmed at the close.
In New York on Friday evening, the Dow closed in the red by 0.5%, the Nasdaq gave up 1.0%, and the S&P 500 closed in the red by 0.7%.
Among Asian marketplaces, the Nikkei closed bullish by 2.7 percent, the Hang Seng rallied 0.1 percent, and the Shanghai Composite posted a plus 1.0 percent.
Among currencies, the euro changed hands at USD1.0897 against USD1.0887 recorded in Friday's European stock close, while the pound was worth USD1.2729 from USD1.2735 on Friday evening.
Brent crude is worth USD86.08 per barrel versus USD85.96 per barrel at Friday's close. Gold, meanwhile, trades at USD2,157.88 an ounce from USD2,167.35 an ounce Friday night.
By Maurizio Carta, Alliance News reporter
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