(Alliance News) - On Tuesday, major European stock markets all open in positive territory, awaiting data on Eurozone GDP and employment levels ahead of data on U.S. inflation.

"The consumer price index in the U.S. has been falling for several months, so much so that Fed Chairman Jay Powell acknowledged the existence of disinflationary trends in the U.S. economy, an observation that is far from unreasonable," commented Michael Hewson, chief market analyst at CMC Markets.

"Today's data for January could reinforce the more hawkish comments we have seen from various Fed officials since the January rate meeting, as well as further disrupt U.S. equity markets. While U.S. two-year yields have risen sharply over the past week or so, U.S. equity markets still seem to be working on the basis of a rate cut within the next 12 months."

Thus, the FTSE Mib is in the green 0.5 percent at 27,572.98, the Mid-Cap is up 0.3 percent at 44,623.31, as is the Small-Cap at 30,313.82 and Italy Growth at 9,692.25.

In Europe, Paris' CAC 40 is in the green by 0.1 percent, London's FTSE 100 is in the green by 0.3 percent, and Frankfurt's DAX 40 is up by 0.1 percent.

In macroeconomic news, Germany's wholesale price inflation rose to 10.6 percent year-on-year in January 2023, the smallest increase since May 2021, following a 12.8 percent increase in December 2022.

In the UK, the unemployment rate was unchanged at 3.7 percent in the three months to December 2022, the same as in the previous period and in line with expectations, while the number of employed people in the UK increased by 74,000 in the three months to December, well above market forecasts for a 40,000 increase and after a 27,000 increase in the previous month.

On the main list of Piazza Affari, DiaSorin rises 0.5 percent after announcing Tuesday that Luminex Corporation, a wholly owned subsidiary of DiaSorin, has reached an agreement with Cytek Biosciences to sell all assets related to its Flow Cytometry & Imaging business unit.

The deal - for which no financial details were provided - is expected to be finalized within the next 30 days.

Enel Finance International, a Dutch-registered holding company controlled by Enel -- up 0.5 percent -- on Monday launched a sustainability-linked bond in two tranches aimed at institutional investors for a total of EUR1.5 billion on the eurobond market.

The new issue includes for the first time Enel's use of multiple Key Performance Indicators per tranche, further reinforcing Enel's commitment to an accelerated energy transition.

Unipol is up 1.2 percent after reporting Friday that it ended 2022 with a net profit of EUR866 million, up from EUR796 million a year earlier.

Saipem gains 1.6 percent, after announcing Monday that it has signed two new credit lines totaling EUR860 million with a pool of leading domestic and international lenders.

Tenaris also does well, up 1.5 percent.

On the mid-cap, Fincantieri rises 0.8 percent. An unusual trading volume was recorded on the stock, at 10.3 million compared to the daily average for the past three months of about 1.2 million traded. The company, in fact, along with Leonardo - in the red by 0.6 percent on the Mib - made it known that, as part of its collaboration with the local industrial ecosystem and the strengthening of cooperation between Italy and Greece, it has signed a number of additional memoranda of understanding with potential new Greek suppliers, laying the groundwork for the definition of possible business relationships.

Maire Tecnimont--down 0.4 percent--announced Monday that its subsidiary NextChem has been awarded a feasibility study by Foresight Group for a carbon dioxide capture and sustainable methanol production plant at Eta's waste-to-energy facility in Manfredonia, Puglia.

UnipolSai rises 0.6 percent. It reported Friday that it ended 2022 with a consolidated net income of EUR651 million compared to EUR723 million in the previous year.

On the Small-Cap, the board of directors of Aedes - unchanged at EUR0.29 per share at the opening - approved the 2023 budget guidelines, postponing some actions planned in the 2020-2026 Business Plan for the current year, with particular reference to divestments and real estate developments.

The company explained in a note that it "considers the economic targets set out in the Plan for 2023 in relation to rental revenue and Ebitda as well as the LTV capital target to be reasonably achievable."

AbitareIn's board of directors -- up 2.0 percent -- on Monday approved the consolidated interim report as of December 31, 2022, reporting an operating profit of EUR1.1 million from EUR1.9 million in 2021.

As of December 31, 2022, consolidated revenues were EUR44.4 million from EUR35.5 million in the same period last year.

Among SMEs, Farmacosmo trades in the green by 2.2 percent after announcing Monday that revenues for 2022 will be over EUR63 million, up 10 percent from 2021.

Growth is driven by the retail channel of the pharmacosmo.co.uk portal, which is up more than 30 percent for the year.

Group pro-forma 2022 revenues stand at around EUR76 million, up 31 percent from the EUR58 million recorded by Pharmacosmo alone in 2021, and pro-forma consolidated revenues stand at around EUR65.2 million.

Unidata is in the green by 3.6 percent, after it announced on Monday that it had won the tender in Temporary Grouping of Companies or RTI, with the role of mandatary, together with BIP Spa and Lektor for the functional supplies for the realization of the Automatic Meter Management System of Azienda Municipalizzata Acquedotto di Palermo, the water consumption monitoring system of the Metropolitan City of Palermo.

Tenax International rises 3.1 percent, after announcing on Monday that pre-consolidated revenues recorded in 2022 amount to EUR17.2 million, up 61 percent from EUR10.7 million in 2021.

Spindox's board of directors is flat at EUR11.60 per share, after it approved on Monday the main consolidated economic and financial data for the full year 2022 closed with a consolidated production value of EUR82.3 million, up 19 percent from 2021.

Svas Biosana rises 1.4 percent after announcing on Monday that it reviewed preliminary unaudited consolidated sales for fiscal year 2022, which came in at EUR97.3 million, up 20 percent from consolidated sales of EUR81.1 million for the year ended Dec. 31, 2021.

Consolidated turnover as of December 31, 2022 includes revenues generated by the Bormia Group in the period from July to December 2022.

Among Asian exchanges, the Nikkei closed up 0.6 percent at 27,602.77, the Hang Seng finished in the red 0.2 percent at 21,113.76, and the Shanghai Composite finished in the green 0.3 percent at 3,291.28.

In New York on Monday, the Dow closed in the green 1.1 percent to 34,245.93, the Nasdaq gave up 1.5 percent to 11,891.29 while the S&P 500 finished up 1.1 percent to 4,137.29.

Among currencies, the euro changed hands at USD1.0737 versus USD1.0720 at Monday's close. In contrast, the pound is worth USD1.2142 from USD1.2135 on Monday evening.

Among commodities, Brent crude is worth USD86.18 per barrel versus USD86.12 per barrel on Monday evening. Gold, on the other hand, trades at USD1,871.55 an ounce from USD1,853.95 an ounce at Monday's close.

On Tuesday's macroeconomic calendar, the annual GDP from the Eurozone is due at 1100 CET, while ten minutes later two bond auctions with three- and seven-year maturities in Italy are scheduled.

In the afternoon, from the States, at 1430 CET comes the US CPI inflation figure, while starting at 1700 CET Fed members Logan and Harker will speak. Closing the day is the weekly oil stocks data coming in at 2230 CET.

Among companies, results from Telecom Italia, Sabaf, Farmaè and Elica are expected.

By Claudia Cavaliere, Alliance News reporter

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