(Alliance News) - Major European stock exchanges on Tuesday met forecasts and opened the session lower as traders continued to ponder the monetary policy outlook while awaiting new data and guidance.

More comments from policymakers and FOMC minutes are expected this week.

Thus, the FTSE Mib gives up 0.6 percent to 34,625.64, the Mid-Cap is in the red 0.4 percent to 47,728.29, the Small-Cap gives up 0.4 percent to 29,176.50 while Italy Growth is in fractional green at 8,237.28.

In Europe, Paris' CAC 40 falls 0.6 percent, London's FTSE100 gives up 0.3 percent and Frankfurt's DAX 40 is down 0.2 percent.

On the Mib, Saipem does best of all and advances 3.2 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 Leonardo follow, in the green by 0.7 percent and 0.6 percent, respectively. Also among the few bullish minority are Unipol and Banca Popolare di Sondrio, up 0.3% and 0.4%.

Assicurazioni Generali ends at the bottom and gives up 2.9% 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, driven by strong performance in both life and non-life segments

In the cadet segment, Fincantieri -- in the green by 1.0 percent -- announced 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 1.5 percent -, submitted by the deadline a bid related to the call for tenders published by Roma Capitale for the awarding 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 8.5 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 0.1 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 4.6 percent - 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 from 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 still does not trade, 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 opens up 7.5 percent after reporting Monday that Justbit, the group's digital factory, has received news of a new entrustment.

Specifically, Justbit Srl 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 rose 2.5 percent after announcing Monday the launch of a new buyback plan for a maximum of 1 million shares and a total consideration of EUR8 million.

iVision tech opens up 1.4 percent 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 was in the red by 1.9 percent 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 USD1.0864 from USD1.0861 on Monday in European equities closing while the pound was worth USD1.2717 from USD1.2704 on Monday evening.

Among commodities, Brent crude trades at USD83.12 per barrel from USD83.68 per barrel on Monday evening. Gold, on the other hand, trades at USD2,414.57 an ounce from USD2,422.07 an ounce Monday night.

Among Tuesday's economic data, the Eurozone current account figure is expected at 1000 CEST. At 1100 CEST the Eurozone construction output and trade balance data is expected.

At 1500 CEST, on the other hand, a speech by Waller and Barkin of the Federal Reserve is expected, 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.

Among companies, Kruso Kapital, Solustions Capital Management and SIM accounts are expected.

By Chiara Bruschi, Alliance News reporter

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