(Alliance News) - On Tuesday, major European stock markets are expected to be in negative territory ahead of the release of data on the services sector and the Composite PMI of some of the most relevant Eurozone economies.

Thus, IG futures give the FTSE Mib down 0.4 percent or up 110.0 points after closing just below the parity line at 28,647.33.

Paris' CAC 40 is expected down 21.7 points or down 0.3 percent, Frankfurt's DAX 40 is given down 0.3 percent or down 44.3 points, and London's FTSE 100 is expected down 33.0 points or down 0.5 percent.

Among other listings in Milan on Monday, the Mid-Cap down 0.1% to 42,195.25, the Small-Cap finished in the green 0.2% to 27,269.23, while Italy Growth gave up 0.1% to 8,880.99.

In macroeconomic news, China's service sector growth slowed in August, with companies reporting lower demand for exports.

The Caixin services purchasing managers' index fell to 51.8 points in August from 54.1 in July. Approaching the 50-point mark, the index signals a more modest expansion in activity. The composite PMI, which measures the manufacturing and service sectors, fell to 51.7 points in August from 51.9 in July. On Friday, the manufacturing PMI had rebounded to 51.0 points from 49.2.

The au Jibun Bank Japan for the services sector released Tuesday stood at 54.3 in August, unchanged from the preliminary reading and after July's 53.8.

This was the twelfth consecutive month of growth in the services sector and the fastest pace since May, supported by a sharper increase in new orders, with new business from abroad also increasing, albeit at a slower pace.

In the UK, retail sales rose 4.3 percent in August from a year ago, accelerating from July's 1.8 percent gain and reaching the fastest pace in four months.

On the blue chip list, Telecom Italia stood on the highs rising 3.5% to EUR0.3046, in its sixth bullish session.

FinecoBank also did well, picking up 2.1 percent by rearing its head after three bearish sessions with final price at EUR12.82.

Campari, on the other hand, appreciated 0.7% after two sessions ended among the bearish.

Eni - up 0.4% - on Monday announced that it had signed an agreement with Oando, Nigeria's leading energy company listed on both the Nigerian Stock Exchange and Johannesburg, to sell Nigerian Agip Oil Company, a wholly owned subsidiary of Eni and active in Nigeria in onshore hydrocarbon exploration and production and power generation.

Prysmian--declining 1.2 percent--on Monday announced that it had completed the installation and high-voltage testing of its 1,400 km of submarine and land-based power cables for the Viking Link Interconnector, the world's longest onshore and offshore high-voltage direct current interconnector linking the United Kingdom and Denmark.

Saipem, on the other hand, gave up 2.3 percent. Of note, the company on Thursday reported that it had successfully completed the placement of EUR500 million of senior unsecured guaranteed equity-linked bonds maturing in 2029.

Also among the bearers was Banca Monte dei Paschi, which was down 3.7 percent, positioning its snout toward the third session to close with a negative balance.

On the Mid-Cap, good buying on Ariston Holding, which advanced 5.1 percent, rearing its head again after three bearish sessions.

Technogym, on the other hand, advanced 2.1 percent to EUR8.01 per share after a 0.6 percent decline in the previous session.

WorldQuant cut its short position on Saras to 0.43 percent from 0.59 percent. The stock closed flat at EUR1.31 per share.

Anima Holding--down 0.6 percent--reported Monday that it had purchased 516,572 of its own shares. The shares were taken over at an average price of EUR3.7910 for a total of nearly EUR2.0 million. As a result of these purchases, Anima holds 7.3 million treasury shares or about 2.2 percent of the share capital.

Webuild, on the other hand, gave up 3.9 percent after a 0.2 percent loss on Friday night. The stock had risen sharply on Thursday after Snowy Hydro, the developer of the Snowy 2.0 project in Australia--Australia's largest hydropower project, 100% owned by Webuild after its acquisition of Clough--announced Thursday morning that it was revising its contract.

Juventus FC, on the other hand, gave up 5.1 percent despite Sunday night's success against Empoli. The Bianconeri club on Friday announced that it had reached an agreement with FC Union Berlin for the outright free transfer of the rights to the sports performance of the player Leonardo Bonucci. This transaction generates a negative economic impact on the 2022-2023 financial year of EUR5.6 million due to the adjustment of the net book value of the player's sports performance right.

On the Small-Cap, Saes Getters advanced 3.8%, bringing the price to EUR30.45 after a 0.7% gain on the eve.

Eurotech advanced 4.0%, in its sixth bullish session.

Conafi, on the other hand, picked up 2.7%, rebounding after eight sessions in a row closed down.

Itway fell 0.1 percent. It reported Friday that it has signed a partnership with CLoudian, a leading enterprise-class object storage software company. As Itway explains, this partnership aims to further expand Itway's cyber security and cyber resilience offerings. The Itway group expects revenues of EUR5 million in the next two years by operating in the service provider, public administration, healthcare, energy, education, banking and insurance sectors.

Among SMEs, Innovatec posted a plus 5.1 percent, reversing course after two sessions closed among the bearish.

High quarters also for Askoll Eva, which picked up a plus 2.7 percent from the previous session's 2.2 percent decline.

Also advancing well was CleanBnB, which moved ahead 2.3 percent after a 0.9 percent loss Friday night.

eVISO gave up 2.5 percent. The company reported Thursday that it closed the year ended June 30 with revenues up to EUR225 million from EUR208 million a year earlier.

Deodato.Gallery, on the other hand, left 2.6 percent on the parterre, setting the price at EUR0.5360 in the wake of Friday's 0.7 percent loss.

In Asia, the Nikkei rises 0.2% to 32,996.60, the Hang Seng gives up 1.8% to 18,516.35, and the Shanghai Composite loses 0.8% to 3,151.79.

Among currencies, the euro changes hands at USD1.0779 to USD1.0791 at Monday's European equities close, while the pound is worth USD1.2619 to USD1.2619 on Monday evening.

Among commodities, Brent crude is worth USD88.76 per barrel versus USD89.10 per barrel at Monday's close. Gold, meanwhile, trades at USD1,961.30 an ounce from USD1,938.07 an ounce on Monday evening.

On Tuesday's economic calendar, Italy's Composite and Service Sector PMI is due at 0945 CEST, with five-minute intervals France's, Germany's and finally at 1000 CEST the Eurozone's are published. At 1030 CEST the data from the United Kingdom will be forthcoming.

At 1100 CEST the producer price index from the Eurozone is expected.

From the US, at 1600 CEST the durable goods and factory orders. Finally, at 1730 CEST, an auction of 3-month, 6-month and 52-week Treasury bonds is scheduled.

On the corporate calendar, coming up are the results of GVS, Immsi and Sabaf.

By Claudia Cavaliere, Alliance News reporter

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