(Alliance News) - Stock markets--according to futures--are positioned for a bearish open Tuesday as investors prepare for this week's key U.S. inflation data, which could affect the outlook for interest rates globally.

Minneapolis Fed President Neel Kashkari said the U.S. central bank cannot stop fighting inflation, pointing to rising oil prices and adding that the labor market is not strong despite signs of resilience.

In the Italian corporate sector, Fincantieri reported that it has received an order to build four new generation cruise ships from Norwegian Cruise Line Holdings Ltd. In detail, two ships will be for the Regent Seven Seas Cruises brand and two for Oceania Cruises. The former are expected to be delivered in 2026 and the latter in 2029.

Thus, the FTSE Mib-after closing up 0.9 percent at 34,315.96 last night-is trading in the red by 67.50 points.

In Europe, London's FTSE 100 is giving up 8.10 points, Frankfurt's DAX 40 is giving up 46.00 points, and Paris' CAC 40 is marking minus 17.60 points.

Last night, Mid-Cap advanced 0.6 percent to 47,942.63, Small-Cap closed up 0.3 percent to 28,513.65, and Italy Growth picked up 0.4 percent to 8,140.22.

On the Mib last night, Banca Generali, in the green by 0.5 percent, reported Monday that it recorded net inflows of EUR600 million, bringing its total since the beginning of the year to EUR1.65 billion.

The flow mix in the quarter improved markedly thanks to a strong increase in demand for investment products and services that rose to EUR651 million in the period from EUR109 million in January-March last year.

Azimut Holding -- up 1.6 percent -- reported Monday that it had recorded net inflows of EUR598 million in March, bringing total net inflows since the beginning of the year to EUR1.5 billion. Total assets including assets under administration stood at EUR95.1 billion at the end of March, of which EUR63.2 billion refer to assets under management.

FinecoBank is up 0.7 percent after reporting Monday that it recorded inflows of EUR806 million in March, bringing its total since the beginning of the year to EUR2.2 billion. Asset management weighed EUR120 million in March, with the year-to-date total rising to EUR469 million.

Interpump group did best of all and closed the session in the green by 4.8 percent followed by Iveco Group with 3.9 percent and Telecom Italia, up 3.0 percent.

On the cadet list, Fincantieri took the top spot with a 2.9% rise.

It was followed by Intercos, which -- in the green by 2.8 percent -- announced Monday that it had signed a new business agreement with The Estée Lauder Companies.

With this new agreement, The Estée Lauder Companies has decided to transfer most of the production of cosmetic powders previously carried out in-house to the U.S. and entrust Intercos America with their production.

Anima Holding gained 0.6 percent after reporting Monday that it posted negative inflows of EUR94 million in March, bringing its total since the beginning of the year to a negative EUR867 million

Maire Tecnimont finished in the green by 1.1 percent. The company reported that it purchased 1.1 million of its own shares between April 2 and 4, for a total value of EUR8.4 million.

Juventus FC rose 2.1 percent. The company reported that the EUR200.0 million capital increase was fully subscribed, following the sale of the unopted on the market. In the league round, however, the team beat Fiorentina, allowing the Turin-based team to stretch into fourth place in the standings.

Bologna's Guglielmo Marconi Airport recorded a 9.4 percent year-on-year increase in passengers to 739,284 in March.

In detail, record increases in both passengers on domestic flights at 170,433 or 9.0 percent over March 2023 and passengers on international flights at 568,851 or 9.5 percent over the same month last year. Movements, at 5,381, also grew on March 2023 by 4.9%. On the other hand, air cargo, at 3,737 tons, down 7.1 percent.

Alerion Clean Power closed up 0.9 percent through its indirect subsidiary, Alerion Racari, announced that it has signed an EPC contract with Sunnerg Renewable Service, a Sunnerg Group company, to build a photovoltaic plant with an installed capacity of about 51.5 MW in Racari, Romania. The plant is estimated to have an annual operating Ebitda of about EUR5.5 million. The total investment value for the construction of the plant is expected to be about EUR35 million.

On the Small-Cap, Fiera Milano closed in the red by 4.6 percent after announcing on Monday that it had approved its 2024-2027 strategic plan, in which it expects, at the end of the period, revenues in the range of EUR255-275 million, Ebitda between EUR120-130 million, and investments of EUR88 million, of which EUR35 million will be borne by Fondazione Fiera Milano for the construction of infrastructure works.

Total cash and cash equivalents are expected to be between EUR151-171 million, of which at least EUR40 million is to be allocated to shareholder remuneration through stable annual dividends and EUR111-131 million can be allocated to growth by external lines.

Beewize--green by 34 percent--reported that it has signed a letter of intent with Mexedia SB and its majority shareholder, Heritage Ventures, regarding a merger between Beewize and Medexia.

With the transaction, Mexedia expects to increase its visibility as well as the liquidity of its stock by moving to a regulated market.

Among SMEs, Altea Green Power - in the green by 3.2 percent - reported Monday that, following the co-development agreement for nine Bess Storage plants in Italy, signed with a North American investment fund - its order backlog exceeded EUR150 million, up about 114 percent from the same period in 2023.

Alfonsino -- up 3.6 percent -- announced on Monday that it had signed a new cooperation agreement with SIDI Piccolo, a historic family-owned business associated with the VéGé group and operating in the large-scale retail sector under the Supermercati Piccolo banner. Through this new agreement, Alfonsino announces the extension of its home delivery service to Supermercati Piccolo outlets located in Pomigliano d'Arco and Caserta.

The board of TMP Group - in the red by 26 percent - over the weekend reviewed and approved the draft consolidated financial statements as of December 31, which closed with a loss of EUR1.2 million compared to a net profit of EUR600,000 as of December 31, 2022. In the year under review, consolidated revenues stood at EUR5.6 million, down 12 percent on the previous year.

In New York, the Dow closed just below par as did the S&P, while the Nasdaq closed in marginal green.

In Asia, the Hang Seng is advancing 0.8 percent, the Shanghai Composite marks a minus 0.2 percent, while the Nikkei picked up 1.1 percent.

Among currencies, the euro changes hands at USD1.0862 from USD1.0851 in Monday's European stock close while the pound is worth USD1.2663 from USD1.2655 on Monday evening.

Among commodities, Brent is worth USD90.56 a barrel from USD90.09 last night and gold trades at USD2,345.63 from USD2,329.48 last night.

In the afternoon, consumer inflation expectations will be released from the US at 1700 CEST.

In the stock market, the results of Greenthesis and KME Group are expected.

By Maurizio Carta, Alliance News reporter

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