(Alliance News) - Major European stock markets are confirmed in the bearish area mid-session on Tuesday, with traders remaining cautious ahead of the release of U.S. inflation that will give further guidance on the Fed's monetary policy outlook.

Thus, the FTSE Mib is in the red 0.2 percent to 30,519.00 the Mid-Cap advances 0.3 percent to 44,372.59, the Small-Cap gives up 0.3 percent while Italy Growth rises 0.1 percent to 8,283.77.

In Europe, Paris' CAC 40 is in the red by 0.1%, London's FTSE 100 rises 0.1% while Frankfurt's DAX 40 is down 0.1%.

In macroeconomic news, in November, the seasonally adjusted Eurozone unemployment rate was 6.4 percent, down from 6.5 percent in October and 6.7 percent in November 2022.

The EU unemployment rate was 5.9% in November, also down from 6.0% in October 2023 and 6.1% in November 2022.

In Italy, the unemployment rate fell in November against market expectations, according to preliminary estimates released by Istat on Tuesday.

Italy's unemployment rate fell to 7.5 percent in November from 7.7 percent in October and against FxStreet's forecast of 7.9 percent.

On the main list in Piazza Affari, Pirelli remains at the top with a 3.6 percent rise after opening in the green by 2.9 percent.

Ferrari and Snam follow, advancing 1.4% and 1.3%, respectively.

Brunello Cucinelli now gives up 0.4 percent after opening up 1.7 percent. On Monday, it reported figures for 2023, a year that ended with revenues of EUR1.14 billion, up 24% from 2022, when they were EUR919.7 million.

Among geographic areas, the Americas grew by 21 percent, Europe by nearly 17 percent while Asia recorded a growth delta of 40 percent. Among distribution channels, retail increased by 30 percent while wholesale improved by 13 percent.

Banks remained among the worst performers, with BPER Bank giving up 3.3 percent. On Monday it announced that it had mandated Barclays as Sole Structuring Advisor, Global Coordinator and Joint Bookrunner and Deutsche Bank, IMI-Intesa Sanpaolo, Mediobanca, Morgan Stanley and UBS as Joint Bookrunners to explore the potential interest of institutional investors with respect to a potential Additional Tier 1 bond issue in euros.

Also hurt were Banco BPM, down 3.2%, Monte dei Paschi di Siena giving 2.8%, UniCredit and Intesa Sanpaolo down 1.0% and 0.5%.

Banca Mediolanum rises 0.8%. The bank reported Monday that it reported total net inflows of EUR1.22 billion in December. Net inflows in assets under management stood at EUR655 million in December.

On the Mid-Cap, Anima Holding--up 0.3 percent--reported Monday that the group's net inflows in assets under management in December--excluding class I insurance proxies--were positive EUR277 million, bringing the 2024 total to a negative EUR171 million. At year-end, total assets under management by the Anima group stood at EUR191.5 billion.

Worst of all is GVS, which gives up 1.2 percent.

In the highs, however, are Rai Way, up 3.5 percent, and Saras, in the green by 2.9 percent.

On the Small-Cap, at the top is Autostrade Merididionali, up 11 percent, while closing the list is Fidia, in the red by 7.9 percent.

It is followed by algoWatt, up 7.1 percent, disclosed that the Court of Milan upheld the company's appeal for admission to the "conditional" arrangement procedure. The court also appointed Carlo Pagliughi and Vincenzo Tartaro as judicial commissioners and set March 4 as the deadline for submitting a final proposal for an arrangement with creditors or an application for approval of debt restructuring agreements.

Piquadro--down 1.4 percent--reported Monday consolidated sales figures for the first nine months ended Dec. 31, which amounted to EUR131.5 million, up 3.7 percent from consolidated sales as of Dec. 31, when they were EUR126.8 million.

Aeroporto Guglielmo Marconi Di Bologna rises 1.2 percent. The company reported that in 2023 it definitely surpassed pre-pandemic traffic levels and recorded the best year in its history, reaching close to 10 million passengers.

In detail, the airport recorded nearly 10 million passengers, representing a growth of 17 percent over 2022 and 6.0 percent over 2019.

Among SMEs, SolidWorld Group climbs 9.9 percent after announcing Tuesday that it has received a new

full order for the patented Electrospider platform from a prestigious hospital institute in Lausanne, Switzerland, collaborating with one in New York that had already issued a major order for the product in 2023.

Neosperience - up 1.4 percent - reported Tuesday that in the last days of December two research and development projects submitted at the time to the Ministry of Economic Development were finally approved by the Court of Accounts.

Ilpra - in the green by 1.0 percent - announced Monday that it has opened a new sales subsidiary in Daejeon, South Korea. As the company explained, "the further strengthening of the presence in foreign markets is part of a policy to strengthen the group in geographic areas considered strategic and with high growth potential as well as a strengthening of the sales network aimed at increasing commercial activities and, consequently, market share."

CleanBnB -- in the red by 0.4 percent -- on Monday reported that its board of directors reviewed some management data for fiscal year 2023, in which it recorded strong growth in its property portfolio, which reached 2,422 units from 1,597 at the end of 2022, distributed in more than 70 Italian locations and managed exclusively, mostly under the "FULL package" formula of full management.

In New York on Friday, the Dow Jones closed in the green by 0.6 percent, the S&P finished up 1.4 percent while the Nasdaq finished up 2.2 percent.

Among currencies, the euro changed hands at USD1.0934 against USD1.0973 recorded in Monday's European stock close while the pound was worth USD1.2724 from USD1.2761 on Monday evening.

Brent crude is worth USD77.53 per barrel versus USD75.87 per barrel at Monday's close. Gold, meanwhile, trades at USD2,036.01 an ounce from USD2,032.19 an ounce on Monday evening.

On Tuesday afternoon's macroeconomic calendar, at 1430 CET, it is time for the US and Canadian trade balance while a three-year Treasury bond auction is scheduled at 1900 CET. Closing the day will be the data on US oil stocks, at 2230 CET.

By Chiara Bruschi, Alliance News reporter

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