(Alliance News) - The Mib index advanced above the 28,500 area on the first day of the week, outperforming other European financial markets and with Generali acting as a bullish driver.

Among the trading rooms, the latest PMI data concerning the manufacturing sector are being assessed. As noted in the latest June survey released Monday, there was evidence of an intensifying contraction in the Eurozone sector, with output declining at the largest rate since last October as concerns regarding energy price and supply increased. The manufacturing PMI for the Eurozone declined to 43.4 in June from 44.8 in May and for the 12th consecutive month was below the neutral no-change threshold of 50.0. Forecasts had estimated a contraction to 43.6.

In Italy, the index declined to 43.8 in June, down from 45.9 in May, showing the largest deterioration in operating conditions since April 2020.

Thus, the FTSE Mib marks a 1.0 percent rise to 28,517.51.

In Europe, London's FTSE 100 rises 0.3%, Paris' CAC 40 advances 0.1% as does Frankfurt's DAX 40.

Among the smaller listings, the Mid-Cap is in the red by 0.1 percent to 42,695.01, the Small-Cap advances with 0.3 percent to 27,119.12, while Italy Growth is in the green by 0.3 percent to 9,101.36.

On the main index of Piazza Affari, as mentioned at the opening, Generali remains bullish, rising 4.8% with new price at EUR19.51. Delfin, the Del Vecchio family's holding company, got the green light from Ivass to rise above 10 percent of the insurance group and can theoretically take itself up to 20 percent of the Trieste-based company.

Strong push also on Mediobanca - a 13 percent shareholder in Generali - which is instead picking up 2.8 percent.

Banco BPM -- up 1.7 percent -- on Monday reported that Moody's improved the outlook on the company's main ratings from stable to positive, confirming its assigned ratings. "The improved outlook reflects an upward pressure on Banco BPM's ratings that is based on the assumption that the achievement of the strengthened profitability and stronger capital position will remain sustained in the future," the company explained in a note.

Amplifon, on the other hand, is giving up 2.7 percent. Of note, Millennium International Management on Friday revised its short position on the stock to 0.59 percent from 0.6 percent previously.

Iveco Group--declining 1.0%--reported Friday that following the finalization of final agreements with Nikola Corporation, its subsidiary Iveco has acquired full and exclusive ownership of the German company resulting from the former Nikola Iveco Europe joint venture, which will take on the name EVCO--Electric Vehicles COmpany.

On the cadet segment, good buying on Ascopiave, which advances 1.7 percent to EUR2.39 per share rearing its head again after three negative sessions.

Banca Popolare di Sondrio, on the other hand, marks a plus 1.5 percent to EUR3.87 per share, on the heels of Friday's asset close of plus 0.9 percent.

Caltagirone, on the other hand, advances 0.5 percent taking the head of the list after two sessions closed among the bearish.

Juventus Football Club - up 0.8 percent - announced that it has reached an agreement with Lille Olympique Sporting Club for the outright acquisition of the rights to the sports performance of footballer Timothy Weah for a consideration of EUR10.3 million, payable in two fiscal years, plus additional charges up to a maximum of EUR1.0 million.

WIIT, on the other hand, gives up 2.6 percent, with new price at EUR19.76, bringing the weekly to a loss of about 5 percent.

On the Small-Cap, strength on Risanamento, which scores a plus 7.7 percent, positioning itself toward the fifth session in a row to end in the green.

Pierrel, on the other hand, advances 6.9 percent, following Friday night's fractional decline.

Good buying also on Restart, which advances 8.6 percent after twelve sessions ended among the bearish.

On the bearish side, Openjobmetis trades minus 4.5% at EUR8.42 per share, on the heels of Friday's negative close of minus 3.3%.

Among SMEs, DHH pushes ahead 3.8 percent to EUR16.40 per share. The company on Thursday reported that first quarter revenues rose 42 percent year-on-year to EUR8.4 million from EUR5.9 million in the same period a year earlier. As the company explained, organic growth was 13%, driven mainly by an increase in the IaaS business, the group's main revenue segment, which grew organically by 23% during the period. Recurring revenues accounted for about 95% of total revenues. The Balkan countries were the best performers on the organic growth front, with increases of 15 percent in Slovenia, 13 percent in Croatia, 16 percent in Serbia, and 18 percent in Bulgaria.

Alfonsino, meanwhile, advances 2.9%, with new price at EUR0.65 per share, rearing its head again after two bearish sessions.

Allcore, on the other hand, marks a plus 2.2%. The company announced on Friday its intention to extend the temporary suspension of share buyback operations, in execution of the authorization to purchase and dispose of treasury shares resolved on May 2, 2022 by the shareholders' meeting. Since the start of the program, Allcore has purchased 188,547 ordinary shares equal to 1.3 percent of the share capital for a total value of about EUR400,000.

Among the bearers, Plants in the rear is giving up 2.9 percent, with new price at EUR1.1150.

In New York, the Dow closed in the green by 0.8 percent, the Nasdaq was up 1.5 percent, and the S&P 500 was up 1.2 percent.

Among currencies, the euro changed hands at USD1.0885 against USD1.0916 in Friday's European equities close. In contrast, the pound is worth USD1.2670 from USD1.2712 on Friday evening.

Among commodities, Brent crude is worth USD76.34 per barrel versus USD74.95 per barrel at Friday's close. Gold, on the other hand, trades at USD1,913.56 an ounce from USD1,915.37 an ounce on Friday evening.

On Monday's economic calendar, from the US will come manufacturing PMI data at 1545 CEST.

On the Business Square calendar, however, no special events are scheduled.

By Maurizio Carta, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Copyright 2023 Alliance News IS Italian Service Ltd. All rights reserved.