(Alliance News) - On Tuesday, the Mib moved in a seesaw manner, with low volumes and scoring in the 28,600 area, following a 0.2 percent decline in the previous session and following a general mood of caution as traders await the results, as they are published, of the quarterly reports of U.S. companies.
As for monetary policy, in the CME Group platform's FedWatch Tool, using futures also based on the actual federal funds rate or EFFR, confirmation of the rate at the July 26 meeting has a 3 percent probability in the 500/525 bps range. In contrast, the 25 bps hike in the 525/550 bps target is priced at 97%.
On the domestic front, in May, the seasonally adjusted index of production in construction in Italy decreased by 0.7 percent compared to April, Istat reported Tuesday. On a year-over-year basis, both the calendar-adjusted index -- there were 22 calendar working days, the same as in May 2022 -- and the crude index declined 6.5 percent.
The FTSE Mib is up 0.1 percent to 28,645.04, the Mid-Cap is up 0.1 percent to 42,273.73, the Small-Cap is in marginal green at 26,542.53, and Italy Growth is up 0.3 percent to 9,076.26.
In Europe, London's FTSE 100 is up 0.2 percent to 7,422.74, Paris' CAC 40 is up 0.1 percent as is Frankfurt's DAX 40.
On the main list in Piazza Affari, Banca Mediolanum is advancing well, posting a plus 1.6 percent to EUR8.50 per share on the heels of eve's green with 0.3 percent.
Leonardo, on the other hand, advances 1.2 percent on the heels of the previous session's 2.5 percent.
Terna, on the other hand, advances 0.3%. The company has launched a EUR650 million green bond issue. The bond is part of the soceity's EUR9.00 billion Euro Medium Term Notes program, rated 'BBB+' by S&P and '(P)Baa2' by Moody's. It has a term of 10 years, maturing in July 2033, with a coupon of 3.875% and an issue price of 99.1%, with a spread of 90 basis points over midswap. Terna expects that the net proceeds of the issue will be used to finance the company's "eligible green projects," identified or to be identified based on Terna's green bond framework.
On a negative note, prevailing list trend, Amplifon is giving up 0.4 percent. The Milan-based company on Tuesday reported that the European Investment Bank has granted a EUR300 million loan to further accelerate the innovation and digitalization path of the world's leading hearing services and solutions company.
Moncler, meanwhile, retreats 0.8 percent, with new price at EUR63.40, in position for the third session to close on the bearish side.
On the Mid-Cap, Sesa is giving up 2.9 percent, positioning the price in the EUR110.50 area and closing on the day when accounts will be released.
Brunello Cucinelli is retreating by the with 0.8 percent, bringing the weekly balance to about 6 percent loss.
Advancing well is Eurogroup Laminations, which is advancing with 2.4 percent. Of note, early in the week, JPMorgan Asset Management initiated a short position on the stock at 0.5 percent.
Cembre, on the other hand, marks a plus 2.0%, bringing the price to EUR31.40 and pointing to its third session of rises.
On the SmallCap, Mondo TV moves ahead 6.7 percent to EUR0.4450, after 0.7 percent down on the eve.
Boost also on Restart, which is putting up 3.7% with new price at EUR0.2230 toward its third session on the bullish front.
Alkemy, on the other hand, gives up 2.7 percent bringing its price to EUR10.72 per share.
Among the SMEs listed in Piazza Affari, DHH advances with 5.8 percent after two bearish sessions.
Cover 50, on the other hand, advances 4.4 percent, trading at its 52-week high at EUR14.30.
In the red, Datrix is giving up 3.3 percent, on whose stock has volume of more than 23,000 pieces compared to the three-month daily average of about 11,200.
In New York, the Dow Jones closed up 0.2% at 34,585.35 Monday, the Nasdaq rose 0.9% to 14,244.95 while the S&P 500 gained 0.4% to 4,522.79.
Among currencies, the euro changed hands at USD1.1250 against USD1.1236 in Monday's European equities close while the pound was instead worth USD1.3106 from USD1.3082 last night.
Among commodities, in a bearish trend, Brent crude is worth USD78.65 per barrel versus USD78.90 per barrel at Monday's close. Gold, meanwhile, trades at USD1,962.32 an ounce from USD1,954.17 an ounce on Monday evening.
On Tuesday's macroeconomic calendar, which is poor in major economic events, at 1430 CEST, US retail sales are expected along with Canada's inflation.
At 1515 CEST, it will be the turn of U.S. industrial and manufacturing production while, at 2230 CEST, data on weekly U.S. oil inventories will be released.
By Maurizio Carta, Alliance News senior reporter
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