(Alliance News) - On Monday, European stock markets move in a wait-and-see approach as investors prepare for a challenging week that will see decisions from the Federal Reserve, the European Central Bank and the Bank of England.

Expectations suggest they will maintain current rates at multi-year highs, prompting investor attention to assess the alignment between the market and central banks regarding the timing of initial interest rate cuts.

The FTSE Mib, therefore, reports a balance just below par at 30,391.53.

In Europe, London's FTSE 100 is giving up 0.3 percent, Paris' CAC 40 is rising with 0.1 percent, while Frankfurt's DAX 40 is just above par.

Friday, among the smaller listings, the Mid-Cap is down 0.2 percent to 42,572.01, the Small-Cap is down 0.1 percent to 26,604.23 and Italy Growth is in the red 0.1 percent to 8,082.16.

On the Mib, good bullish positioning for FinecoBank, which scores a plus 4.1% at EUR13.46 per share. The company reported Monday that it achieved net inflows of EUR286.6 million in November, which compares with EUR497.6 million in November 2022. Since the beginning of the year, inflows are EUR7.57 billion compared to EUR8.67 billion in the January-November period of the previous year.

Recordati also moves well, advancing 1.3 percent in scial to Friday's 2.3 percent green.

Amplifon, bullish with 1.1% brings the price to EUR28.47, following up Friday night's bullish candle with 2.0%.

Fincantieri - down 2.0% - announced Monday that its Norwegian subsidiary Vard has signed a USD200 million contract to design and build a state-of-the-art hybrid cable-laying ship for Japanese company Toyo Construction.

Leonardo, however, gives up 0.8 percent. International rating agency S&P Global included Leonardo in the Dow Jones Sustainability World Index and Dow Jones Sustainability Europe Index for the 14th consecutive year.

Equally on a negative note, ERG gives up 2.1% with new price at EUR26.44. Of note, Morgan Stanley cut its target price on the stock to EUR27.30 from EUR26.80.

Also among the few bearish performers is DiaSorin, which marks minus 1.8%, in its third session on the bearish side.

On the MidCap, Banca Ifis advances well, reflecting a good start for the banking segment, which marks plus 1.6% after Friday's gain, albeit a modest 0.3%.

MARR, on the other hand, advances 2.0%, after two sessions closed in the redand new price at EUR11.32 per share.

For Intercos, on the other hand, assets are up 1.4% after a 1.5% red Friday night.

Fincantieri, which marks minus 2.2 percent after Friday night's gain of 1.8 percent, is seen among the bearish.

Red also for Caltagirone, which gives up 1.2 percent with new price at EUR4.05 after Friday night's 1.2 percent green.

On the SmallCap, Tessellis marks a plus 7.0%, positioning the snout toward its fifth session among the bullish.

Purchases also prevail on Autostrade Meridonali, which is priced bullish by 4.6% positioning itself for the ninth session in a row on the bullish side.

doValue, on the other hand, advances 1.1 percent, following Friday's 1.4 percent gain. The company on Monday announced the signing of the acquisition by doValue Spain of Team 4 Collection & Consulting S.L.u., a subsidiary of the Arvato Group. The transaction is expected to close by the end of the year and is subject to standard conditions precedent. This integration accelerates doValue Spain's strategy to expand its activities in the management of small unsecured loans, a rapidly growing market segment in the region and in Europe, and is consistent with its strategy to develop its business through greater diversification and a broader client base.

At the back end, Netweek is giving up 4.2 percent, bringing the monthly to a negative balance of 28 percent.

Among SMEs, Bellini Nautica is moving ahead 4.9 percent to EUR1.48, repeating Friday night's gain.

Intred advances 6.5 percent by setting the price bar at EUR11.40 per share.

Convergences, on the other hand, marks a bullish candle of 2.3 percent, following Friday's 0.7 percent loss.

Among the bearish, in a still uneventful list, ESI marks a minus 2.0% with price at EUR2.00. Of note, the stock on a weekly basis marks a gain of more than 20%.

GM Leather, on the other hand, marks minus 4.8% at EUR1.39 per share after two bullish sessions.

In New York on Friday evening, the Dow closed up 0.4 percent, the Nasdaq in the green by 0.5 percent, and the S&P 500 closed ahead by 0.4 percent.

Among currencies, the euro changed hands at USD1.0772 against USD1.0751 recorded in Friday's European stock close, while the pound was worth USD1.2664 from USD1.2537 on Friday evening.

Brent crude is worth USD76.40 per barrel versus USD75.64 per barrel at Friday's close. Gold, meanwhile, trades at USD1,992.90 an ounce from USD2,005.58 an ounce on Friday night.

On Monday's macroeconomic calendar, from the U.S., at 1730 CET, coming up consumer inflation expectations, while at 1730 CET a three- and six-month Treasury bond auction is scheduled and at 1900 CET it will be the turn of the three-month and 10-year maturities.

By Maurizio Carta, Alliance News reporter

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