(Alliance News) - Europe's major stock markets confirmed expectations and opened in the red and without momentum in a morning little punctuated by the release of macroeconomic data.

Thus, the FTSE Mib opens in the red by 0.1 percent to 31,656.46, the Mid-Cap gives up 0.2 percent to 45,414.15, the Small-Cap leaves 0.4 percent to 27,574.71 on the parterre, while Italy Growth is down 0.2 percent to 8,129.38.

In Europe, Paris' CAC 40 is on the parity line, London's FTSE 100 gives up 0.2 percent, and Frankfurt's DAX 40 loses 0.1 percent.

On the Mib, Unipol does best of all, up 2.1 percent. The company reported Friday that it had reported a profit rising to EUR1.33 billion in 2023 from EUR866 million a year earlier.

Following strong 2023 figures, the company decided to raise its dividend to EUR0.38 from EUR0.37 a year earlier.

Next are Leonardo and Prysmian, up 0.8 percent and 0.5 percent, respectively.

Stellantis rises 0.3% after reporting January sales data. In the month, the company increases them, in line with the positive trend in the performance of the European market, where registrations grew 12% year-on-year.

The merged PSA Groupe and Fiat Chrysler Automobiles giant posted a 17 percent increase over January 2023, with market share rising to 18 percent in January from 17 percent in January 2023.

Terna gives up 0.2 percent after announcing Monday that 23 interventions for the development of the national electricity transmission grid have been authorized by the Ministry of Environment and Energy Security and the relevant regional departments during 2023, with a total value of more than EUR3 billion in investments, up 20 percent from EUR2.5 billion in 2022 and three times the 2021 figure.

At the bottom go Iveco Group, in the red by 1.3 percent, and TIM, down 1.2 percent.

On the cadet segment, Juventus Football Club Spa reported Monday that it had fully repaid its EUR175.0 million bond, with a coupon of 3.375 percent and maturing today.

Interest on the Dublin-listed bond totaled EUR5.9 million.

Buzzi does well, in the green by 1.7 percent, while Cementir Holding gives up 0.2 percent.

Among oils, Saras rises 0.4 percent, doing as well as its counterparts on the Mib, with Eni gaining 0.6 percent and Saipem being on par at EUR1.39 per share.

Tinexta--in the red by 0.4 percent--announced Monday the creation of a new business line dedicated to strategic consulting that will assist corporate clients in defining their strategic directions and executing high-impact transformational projects. Tinexta's Group Chief Strategy Officer Aurelio Matrone is in charge of the project.

Among the smallcaps, FNM -- in the black by 1.1 percent -- announced that it has signed the sale and purchase agreement to acquire 80 percent of the share capital of Viridis Energia Spa, an independent power producer, from Lagi Energia 2006 Srl and HNF Spa, in execution of the binding offer signed on January 16.

With the acquisition, the FNM group enters the renewable energy generation sector and strengthens the environmental objectives of the strategic plan to 2025, which includes investments in innovative energy projects, further contributing to the goals of Agenda 2030 as well as to the country's energy transition, the company explained in a note.

BF - up 0.5 percent - announced Monday that, together with its subsidiaries Consorzi Agrari d'Italia Spa and SIS - Società Italiana Sementi Spa, it signed an investment agreement with Eni Natural Energies Spa, a subsidiary of Eni.

Specifically, the investment agreement provides for ENE's investment in the share capital of SIS for a total amount of EUR25 million, after which ENE's shareholding will amount to approximately 17%; this investment will be realized through the subscription of a share capital increase of SIS reserved for ENE and the transfer to ENE of a share in the share capital of SIS owned by CAI.

Aeffe gives up 1.4 percent and Monnalisa 1.1 percent after they announced on Monday the signing of a multi-year licensing agreement for the kids line of the Philosophy di Lorenzo Serafini brand expiring in 2032.

Among SMEs, SolidWorld Group gives up 0.7 percent after announcing Tuesday that its 2023 revenues were EUR62 million, up 7.5 percent from the previous year when they were EUR57.7 million, while its value of production was around EUR66 million, up 8.4 percent on 2022, when it was EUR60.8 million.

Portobello--in the red by 6.8 percent--reported that it had completed the capital increase via accelerated bookbuilding that was launched Monday evening.

A total of 661,050 new ordinary shares were subscribed and, of the EUR6.0 million offered, EUR4.6 million of the aucap was subscribed, bringing the share capital to EUR1.0 million, divided into 5.3 million ordinary shares, for a free float of nearly 44%.

Impianti gives up 2.6 percent after announcing Monday that it won a EUR700,000 tender to supply 8,000 multimedia kits for a leading government agency.

In Asia, the Nikkei closed Tuesday down 0.3 percent to 38,363.61, the Shanghai Composite gained 0.4 percent to 2,922.73 and the Hang Seng rose 0.6 percent to 16,247.51.

In New York yesterday, markets were closed for President's Day.

Among currencies, the euro changed hands at USD1.0774 against USD1.0768 recorded in Monday's European stock close while the pound is worth USD1.2587 from USD1.2586 on Friday evening.

Brent crude is worth USD83.49 per barrel versus USD83.35 per barrel at Monday's close. Gold, meanwhile, trades at USD2,032.00 an ounce from USD2,016.11 an ounce on Monday evening.

On Tuesday, the macroeconomic calendar calls for the Eurozone current account data at 1000 CET, followed an hour later by construction output.

At 1115 CET, BoE number one Andrew Bailey will speak.

At 1430 CET, from Canada will come the inflation figure while, at 1730 CET, there will be an auction of three-month, six-month and 52-week Treasury bonds.

On the corporate calendar, A2A and Eles are expected to report resslts.

By Claudia Cavaliere, Alliance News reporter

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