(Alliance News) - European stock markets are headed for a bullish opening Monday after a tumultuous week that saw a sharp global decline followed by a sharp rebound.

Investors await U.S. inflation data this week to assess the path of monetary policy, with trading rooms divided not over whether, but rather what the Fed's September cut will be slow.

The FTSE Mib-after closing up 0.1 percent Friday evening-is marking a green of 90.00 points.

In Europe, London's FTSE 100 is up 26.30 points, Paris' CAC 40 is advancing 19.80 points, and Frankfurt's DAX 40 is up 80.00 points.

Among the smaller listings on Friday evening, the Mid-Cap closed up 0.4 percent to 44,937.04, the Small-Cap closed up 0.3 percent to 27,911.00, and Italy Growth reported a 0.6 percent increase to 7,836.86.

On the Mib on Friday evening, Banca Mediolanum closed up 2.0 percent to EUR10.10 per share, after a 1.3 percent negative balance on the eve of the meeting.

Leonardo - best on the list - on the other hand, picked up 2.3% to EUR21.65. Of note, UBS on Thursday cut Leonardo's target price to RUR28.00 from EUR30.00 with a 'buy' recommendation

Banco BPM - in the green by 0.7 percent - made it known on Friday that, after joining the Net Zero Banking Alliance in March 2023, it continues its commitment aimed at achieving the goal of zero net carbon dioxide emissions by 2050, in line with the targets set by the Paris Climate Agreement, of the banking book's credit and investment portfolios. Banco BPM has, therefore, set decarbonization targets to 2030 for each of the five sectors that had been identified as priorities and communicated when joining the NZBA.

Unipol -- in the red by 1.3 percent -- reported Friday that it closed the first half of the year with a profit of EUR555.0 million, up from EUR517.0 million as of June 30, 2023. Direct insurance inflows amounted to EUR8.17 billion, up 10 percent from EUR7.93 billion in the same period of 2023.

Generali -- on the losing side with 1.9 percent -- reported Friday that it ended the first half of the year with a normalized net income of EUR2.02 billion from EUR2.33 billion as of June 30, 2023, mainly as a result of realized nonrecurring gains and other one-offs related to the first half of 2023. Excluding these effects, normalized net income would be stable, the company announced. The company also announced Friday the start of share buyback transactions for a maximum of EUR500.0 million, for a number of shares not exceeding 3 percent of the company's share capital, no later than 18 months after the shareholders' resolution of April 24.

On the Mid-Cap, strength on OVS, which moved ahead by 3.9 percent, after the 2.9 percent red in the previous session. On the stock it is mentioned that Marshall Wace has limned its short position on the stock to 0.7 percent from 0.69 percent previously.

Phamanutra advanced 1.1%, after declining 0.3% on the eve.

Cembre, on the other hand, left the parter 2.1% at EUR35.70 per share, rearing its head after three sessions closed with bullish candles.

Rear-ends also for Salvatore Ferragamo, which contracted 1.7 percent, ringing the fifth session closed with a negative balance.

On the Small-Cap, Conafi advanced 8.0%, after the eve's drop with 8.2% with new price at EUR0.2170.

Bialetti Industrie - down 1.5 percent - reported Thursday that it ended the first half with consolidated revenues at EUR67.3 million from EUR63.3 million in 1H2023. Normalized Ebitda is EUR8.6 million from EUR7.7 million as of June 30, 2023.

Trevi Finanziaria Industriale -- on the losing side by 4.1 percent -- said Thursday that its board of directors reviewed and approved the group's interim report, half-year ended with a net profit for the year of EUR551,000 down from EUR27.6 million as of June 30, 2023. Group loss, on the other hand, amounted to EUR2.6 million from a profit of EUR23.6 million in the same period of 2023.

Among the SMEs, Cloudia Research advanced 8.0 percent to EUR3.24 per share, after 3.4 percent green on eve.

Gismondi 1754 advanced 3.4%, on its seventh session with a bullish candle.

Askoll Eva, on the other hand, gave up 6.7 percent, after 3.2 percent green on eve.

Alfonsino, on the other hand, gave up 4.5 percent, subject to profit taking after four sessions closed in the green.

In New York, the Dow is advancing 0.1 percent, while the Nasdaq advanced 0.5 percent as did the S&P 500.

In Asia, the Hang Seng is giving up 0.1 percent, the Shanghai Composite gives up 0.2 percent, while the Nikkei remained closed for holidays.

Among currencies, the euro changes hands at USD1.0920 against USD1.0924 on Friday in closing European equities while the pound is worth USD1.2770 from USD1.2769 on Friday evening.

Among commodities, Brent crude trades at USD79.91 per barrel versus USD79.42 per barrel at Friday's close. Gold, on the other hand, trades at USD2,434.27 an ounce from USD2,428.60 an ounce on Friday evening.

On Friday's macroeconomic calendar, the monthly OPEC report will be released at 1300 CEST.

In contrast, an auction of 3- and 6-month US Treasury bonds is scheduled at 1730 CEST.

On the corporate calendar, no special events are scheduled.

By Maurizio Carta, Alliance News reporter

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