(Alliance News) - On Tuesday, Piazza Affari and major European stock exchanges are expected to be in negative territory by IG futures after the release of Germany's annual inflation rate, which rose to 2.2 percent in November, marking the highest level in four months.

In Germany, on a monthly basis, consumer prices fell 0.2 percent, in line with initial estimates, after a 0.4 percent increase in October.

German core inflation, which excludes volatile food and energy prices, reached a six-month high of 3.0 percent in November.

The EU harmonized inflation rate remained at 2.4 percent annually while on a monthly basis, harmonized consumer prices fell 0.7 percent.

In China, exports increased in November, but at a slower-than-expected pace, while imports declined further, according to official data on Tuesday. These results highlight the need for further stimulus, a day after top leaders promised measures to support struggling growth.

"Sentiment on Chinese equities suddenly became significantly more optimistic after the Politburo, the Communist Party's top decision-making body, promised moderately expansionary monetary policy through 2025," comments Stephen Innes, managing partner at SPI Asset Management.

"As a result, the yield on Chinese 10-year government bonds fell to a record low, while Chinese equities rose more than 3.0 percent at the open."

"Gold rose after the People's Bank of China resumed purchases that had been suspended for six months. The price per ounce is around USD2700. Oil, on the other hand, has remained stable despite Syrian tensions and hopes for Chinese stimulus," explains the SPI Asset Management expert.

Futures give the FTSE Mib down 112.5 points or in the red by 0.3 percent after closing Friday's session down 0.6 percent at 34,559.83.

Paris' CAC 40 is expected to be in the red 0.4 percent or down 26.7 points, as Frankfurt's DAX 40 is expected down 0.3 percent or down 61.7 points, while London's FTSE 100 is expected down 0.5 percent or down 41.6 points.

In Milan on Monday evening, the Mid-Cap gave up 0.1 percent to 48,055.54, the Small-Cap was up 0.6 percent to 28,470.85, and Italy Growth was up 0.3 percent to 7,793.99.

On the highest-capitalization list in Piazza Affari, Eni was unaffected by news of the explosion at a refinery in Calenzano, in the province of Florence, which killed two workers, closing up 0.6 percent. Nine employees were injured while three are missing. The explosion was also felt in neighboring municipalities and the environmental impact is yet to be verified.

"Eni is fully cooperating with the judicial authorities in ascertaining the dynamics and causes of the explosion of one of the tanker trucks at the loading shelter. Eni confirms that the fire was completely extinguished this morning in a timely manner by firefighters."

As the Corriere della Sera reports, "the explosion of the Eni depot and the harsh consequences on the environment and mobility is considered by more than one observer as a disaster foretold in the Florentine Plain. Just two years ago, in fact, a study commissioned by the municipality of Calenzano identified two industrial sites including the depot at risk of a major accident."

Still doing well was Moncler, which finished up 3.2 percent, after closing up 5.0 percent in Friday's session. This is the fourth consecutive bullish session. Goldman upgraded the stock to 'buy' with a target price of EUR58.70.

Well Brunello Cucinelli, rose 2.0% to EUR98.85, touching EUR100.00 per share during the session.

Purchases continued for Banco BPM -- up 2.2% -- after Crédit Agricole increased its stake from 9.9% to 15.1% and intends to apply for permission to rise to 19.9%.

According to reports in Corriere della Sera on Monday, the move by the CEO, Philippe Brassac, is strategic and aims to protect the French investment. The change complicates the plans of UniCredit -- in the red by 0.9 percent -- and its CEO, Andrea Orcel, who is about to file with Consob a public exchange offer to take over Banco BPM.

Inwit reversed course and gave up 0.3 percent. The company's CEO, Diego Galli, expects to exceed EUR1.00 billion in revenues by year-end, a significant jump from EUR750.0 million four years ago.

Profit taking for Campari, which gave up 1.7 percent to EUR6.1660 per share, after five bullish sessions.

On the Mid-Cap, Digital Value rose 6.4 percent to EUR25.90 per share, in its fifth straight session up. Of note, PDT Partners raised its short position on the stock to 0.71% from 0.49% previously.

Doing well was The Italian Sea Group, which rose 1.3%, in its second consecutive bullish session.

Salvatore Ferragamo soared 6.7% despite Goldman Sachs cutting its target price to EUR6.50 from the previous EUR7.10.

Banca Generali--slightly up--expands its reach with the acquisition of Intermonte Partners SIM--no SME trade--investment banking boutique, which will become an integral part of the group.

The deal, with 69 percent of acceptances already collected and awaiting Consob and Bank of Italy approval by mid-December, aims to strengthen the offering in the Global Markets and Capital Markets sectors.

On Small-Cap, CY4Gate jumped to the lead, up 9.7 percent, consolidating the bullish performance of the past 30 days.

doValue rose 6.9 percent to EUR1.6760 per share. The stock attempts a recovery after falling 2.5% in the last month and 58% in the last six months.

Good Fidia - up 5.4% - after leaving 20% on the parterre in the last session.

Among SMEs, Friulchem was up 19%, with the stock rising to three-month highs at EUR0.87 per share.

SolidWorld Group was good, up 10% to EUR2.1150 per share, in its third straight session among gainers. The stock has gained about 35 percent in the past 30 days.

Among the gainers, Portobello rose 15 percent while Vivenda Group got off to a positive start in its second week of trading, putting it up 5.1 percent to EUR0.95, equaling the Dec. 2 placement price.

Almawave - up 3.3 percent - reported that BNP Paribas and SACE will provide a EUR20 million loan, issued by BNP Paribas itself and backed by SACE's Archimede Guarantee on 70 percent of the total value financed.

The deal aims to support the growth plan related to strategic investments in generative artificial intelligence made by the Almawave Group.

In New York, the Dow closed 0.5 percent in the red, the Nasdaq lost 0.6 percent as did the S&P 500.

In Asia, the Nikkei gained 0.5 percent, the Shanghai Composite is in the green dekki 0.6 percent and the Hang Seng is in the red 0.2 percent.

Among currencies, the euro changed hands at USD1.0558 from USD1.0586 in Monday's European stock close. The pound is worth USD1.2752 versus USD1.2779 on Monday evening.

Among commodities, Brent crude is worth USD71.81 per barrel from USD71.78 at Monday night's close. Gold trades at USD2,692.26 an ounce from USD2,677.81 an ounce on Monday evening.

Tuesday's macroeconomic calendar calls for Italian industrial production data at 1000 CET. One hour later, the Eurogroup meeting will kick off.

Overseas, U.S. private sector productivity data will arrive at 1430 CET, 25 minutes before the Redbook. At 2230 CET, room for weekly oil stocks.

Among the companies in the stock market, the accounts of Homizy and Sicily by Car are expected.

By Antonio Di Giorgio, Alliance News senior reporter

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