(Alliance News) - Europe's major stock markets remain in bearish territory on Monday as investors prepare for a week packed with relevant macroeconomic indicators, such as U.S. PCE inflation and preliminary inflation data for the euro area and Italy.

About the ECB's future directions, expectation for President Christine Lagarde, who will deliver a speech to the European Parliament this afternoon.

Thus, the FTSE Mib is down 0.3 percent to 32,589.30, the Mid-Cap rises 0.3 percent to 46,130.02, the Small-Cap advances 0.7 percent to 28,130.09, and Italy Growth is in the green 0.2 percent to 8,205.990.

In Europe, London's FTSE 100 is in the red by 0.3 percent, Frankfurt's DAX 40 is just below par and Paris' CAC 40 gives up 0.4 percent.

On the Mib, Tenaris rises 0.8 percent after announcing results Thursday for the fourth quarter and year ended Dec. 31, a year that ended with a 5 percent increase in revenues on a sequential basis, "supported by a high level of shipments to the Middle East and for offshore pipeline projects," the company writes in the note.

Total sales for 2023 were USD14.86 billion from USD11.76 billion in the previous year.

At the top is Leonardo, in the green by 4.5 percent, followed by BPER Banca and Banco BPM in the green by 3.1 percent and 2.2 percent.

On the bottom ends Moncler, which gives up 2.5 percent, after it was announced on Saturday-that Double R, Ruffini Partecipazioni Holding and Grinta, a Rivetti family vehicle, had notified the latter of its withdrawal from Double R.

Grinta, at the time of the disclosure, holds a stake of about 16.473 percent in Double R, while Double R in turn holds about 23.721 percent of Moncler's share capital.

For the purposes of the withdrawal, the joint note says, Double R will assign to Grinta a number of Moncler ordinary shares "coinciding in transparency with the Moncler shares to which it is entitled." The Rivetti family will, therefore, own through Grinta its investment in Moncler shares.

On the cadet segment, Ariston Holding--in the red by 1.9 percent--reported on Thursday that it had finalized an agreement to acquire a production site located in the industrial park of the Oct. 6 municipality near Cairo, Egypt, from Universal Group, a historic Egyptian manufacturing company founded by Youssri Kotb.

Seco tops the list, up 10 percent followed by Ferretti, which rises 2.1 percent.

At the other end, Alerion Clean Power gives up 2.3 percent and Salvatore Ferragamo is down 2.2 percent.

Among the smallcaps, Tesmec gives up 2.0 percent after reporting its preliminary operating data for fiscal 2023 on Saturday and letting it know that it revised its closing estimate due to a slowdown in Trencher business.

Preliminary revenues then came in the EUR252-258 million range, compared to EUR245.2 million as of Dec. 31, 2022, and against the forecast of expected revenues in the EUR270-280 million range.

IGD rises 5.1 percent after announcing on Friday that it has signed an agreement with Sixth Street and subsidiaries of Starwood Capital and Prelios SGR Spa, among the leading real estate management and services companies in Italy, to sell a portfolio consisting of 13 assets, valued at EUR258 million, broadly in line with the book value as of Dec. 31, 2023.

The transaction will close by April 2024.

FNM - flat at EUR0.44 - announced the completion of the closing for the acquisition of 80 percent of the share capital of Viridis Energia, an independent power producer, from Lagi Energia 2006 and HNF, as previously anticipated.

The acquisition was finalized through the payment of EUR80 million.

Compagnia Immobiliare Azionaria gives up 10 percent after opening up 6.7 percent. On Friday it informed that it has approved the plan to merge CIA into Compagnie Fonciére Du Vin.

Sogefi rises 33% after announcing Friday that it closed 2023 with a profit of EUR57.8 million, up 95% from EUR29.6 million in 2022.

Consolidated revenues grew 5.5 percent to EUR1.62 billion from EUR1.54 billion in 2022.

Ebitda of EUR221.4 million increased 14 percent from EUR195.1 million, with an Ebitda margin of 13.6 percent from 12.6 percent, driven by growth in volumes and contribution margin.

Antares Vision - in the red by 1.1 percent - reported Friday that its board of directors reviewed preliminary results as of December 31, 2023 reporting full-year revenues of EUR215 million to EUR220 million.

Adjusted Ebitda "is expected to be," the company writes, between EUR13 and EUR15 million.

Among SMEs, Palingeo cewde 0.9% after opening up 4.5%. A week after its debut on the Milan Stock Exchange, the stock rose to EUR5.60 from its placement price of EUR5.00.

Generalfinance rises 8.5 percent after announcing that it closed 2023 with profit up 38 percent to EUR15.1 million from EUR10.9 million as of December 31, 2022.

Net interest income in 2023 stood at EUR9.0 million from EUR7.3 million in the previous year.

Net interest and other banking income was EUR36.2 million from EUR30.9 million as of December 31, 2022.

Visibilia Editore-whose stock is locked in with a 50 percent rise-announced Friday, in reference to the capital increase up to EUR1 million resolved by its subsidiary Visibilia Editrice Srl, that Visibilia Concessionaria Srl made a payment of EUR50,000 to Editrice on account of a capital increase last Feb. 15.

Visibilia Concessionaria had previously indicated its willingness to subscribe to part of Visibilia Editore's capital increase up to a maximum of EUR600,000.

In New York, the Dow closed Friday in the green by 0.2 percent to 39,131.53, the Nasdaq gave up 0.3 percent to 15,996.82, and the S&P 500 closed in a fractional green at 5,088.80.

Among currencies, the euro changed hands at USD1.0849 against USD1.0825 recorded at Friday's European stock close, while the pound was worth USD1.2684 from USD1.2669 on Friday evening.

Brent crude is worth USD81.40 per barrel versus USD82.33 per barrel at Friday's close. Gold, meanwhile, trades at USD2,031.98 an ounce from USD2,044.15 an ounce on Friday evening.

Monday afternoon's macroeconomic calendar features data on building permits and building permits in the US at 1400 CET and half an hour later Canadian manufacturing sales.

At 1600 CET, it is the turn of new home sales for January in the US.

By Chiara Bruschi, Alliance News reporter

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