(Alliance News) - On Tuesday, Piazza Affari continues trading in negative territory, along with the other European listings, on a quiet morning on the macroeconomic front.

Thus, the FTSE Mib is in the red by 1.0 percent to 34,462.52, the Mid-Cap gives up 0.9 percent to 47,505.00, the Small-Cap loses 1.0 percent to 29,007.07, while Italy Growth is in the green by 0.1 percent to 8,244.48.

In Europe, Paris' CAC 40 is in the red by 0.9 percent, London's FTSE 100 is in the red by 0.4 percent, and Frankfurt's DAX 40 is down by 0.5 percent.

In macroeconomic news, in March compared with February, seasonally adjusted output in the construction sector increased by 0.1 percent in the Eurozone from growth of 0.4 percent, according to Eurostat estimates released Tuesday.

In March compared to the same month in 2023, output in the construction sector rose 0.1 percent in the eurozone from a decline of 1.8 percent.

Early estimates of the euro area balance show a surplus of EUR24.1 billion in goods trade with the rest of the world in March, compared with EUR19.1 billion in March 2023 and EUR22.8 billion in February.

On a year-on-year basis, euro area goods exports to the rest of the world in March were EUR245.4 billion, down 9.2 percent from March 2023 when they were EUR270.4 billion. In contrast, imports from the rest of the world stood at EUR221.3 billion, down 12 percent from March 2023 when they stood at EUR251.4 billion.

On the Mib, Saipem does best of all and advances 3.3 percent after announcing Tuesday that it has been awarded three new contracts by TotalEnergies EP Angola Block 20 subsidiary TotalEnergies for the Kaminho project related to the development of the Cameia and Golfinho oil fields, located about 100 kilometers off the coast of Angola.

The total amount of the contracts is EUR3.7 billion.

Tenaris and UniCredit follow, in the green by 0.4 percent and 0.1 percent, respectively.

Assicurazioni Generali is among the bearish, giving up 3.1 percent after announcing Tuesday that it closed the first quarter with a net profit of EUR1.26 billion, up from EUR1.20 billion as of March 31, 2023.

Group gross premiums rise 21 percent to EUR26.4 billion from EUR22.16 billion, thanks to strong performance in both life and non-life segments.

Doing worse than all is Amplifon, down 3.5 percent.

In the cadet segment, Fincantieri - flat at EUR0.60 per share - announced on Monday that it had signed an agreement with Edge, one of the world's leading advanced technology and defense groups, formalizing the launch of Maestral, the joint venture created between the two companies in the Abu Dhabi-based shipbuilding business.

The signing of the agreement was followed by the announcement of a major order for 10 technologically advanced 51-meter OPV offshore patrol vessels by the UAE Coast Guard Forces, worth EUR400 million.

Acea Ambiente, a subsidiary of Acea -- in the red by 1.7 percent -- submitted a bid by the deadline regarding the call for tenders published by Roma Capitale for the award of the concession of the plant hub relating to the design, authorization for operation, construction and management of a waste-to-energy plant and related ancillary plant engineering.

On the Small-Cap, EEMS Italia takes the top spot and rises 16 percent. The company announced Monday that the board of directors has taken note of the resignation of Giuseppe De Giovanni from his position as director and managing director of the company and from any position held within EEMS group companies effective today for personal reasons.

Stefano Modena has therefore been appointed as the company's new managing director.

Banca Sistema gives up 0.5 percent. On Monday it announced that it had approved its three-year strategic plan through 2026. Among the targets, expected net interest and other banking income CAGR 23-26 up 12.9 percent. As for cost/income ratios, the estimate is for 61% in 2023 to rise to 57% in 2026.

CY4Gate - in the green by 3.2% - reported Tuesday that it has been awarded three international research calls under the European Defense Fund and Digital Europe Program worth a total of about EUR1.7 million over three years starting in 2025, boosting the group backlog.

Caleffi is flat at EUR0.86 per share. The company reported that a buyback plan already approved by shareholders this week will be launched today. The purpose of the plan is to purchase a maximum of EUR200,000 of its own ordinary shares.

Triboo rises 1.0 percent after reporting first quarter revenues of EUR17.8 million from EUR22.6 million as of March 31, 2023. Ebitda in the period stood at EUR2.3 million from EUR2.9 million in Q1 2023.

Among SMEs, Eprcomunicazione climbed more than 14 percent after reporting Monday that Justbit, the group's digital factory, received news of a new assignment.

Specifically, Justbit has been contracted by a public company to manage advertising services and carry out communication support activities for the duration of nine months and in the amount of EUR125,000.00 plus VAT in 2024 and EUR17,000 plus VAT in the first part of 2025.

ICF Group is flat at EUR4.90 per share, after announcing on Monday the launch of a new buyback plan for a maximum of 1 million shares and a total consideration of EUR8 million.

iVision is flat at EUR1.40 per share, after closing in the green by 7.7 percent. The company reported that its board of directors approved the issuance of two bonds with a total countervalue of EUR7.0 million.

In Asia, the Nikkei gave up 0.3 percent, the Hang Seng closed 2.1 percent in the red, and the Shanghai Composite fell 0.4 percent.

In New York on Friday, the Dow closed 0.5 percent in the red at 39,806.77, the Nasdaq rose 0.7 percent to 16,794.88, and the S&P finished fractionally in the green at 5,308.13.

Among currencies, the euro changed hands at USD1.0871 from USD1.0861 on Monday in European equities closing while the pound was worth USD1.2707 from USD1.2704 on Monday evening.

Among commodities, Brent crude is trading at USD83.25 per barrel from USD83.68 per barrel on Monday evening. Gold, on the other hand, trades at USD2,418.80 an ounce from USD2,422.07 an ounce Monday night.

Among Tuesday's economic data, Waller and Barkin's Federal Reserve speech are expected at 1500 CEST, followed at 1500 CEST by those of Williams and Bostic.

In the evening there will be a speech by Bailey of the Bank of England at 1900 CEST.

By Claudia Cavaliere, Alliance News reporter

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