(Alliance News) - Mid-session Monday, financial markets confirmed the bullish path seen after the bell rang as investors look ahead to monetary policy decisions by major central banks this week. The Federal Reserve will announce its latest move on Wednesday, the European Central Bank on Thursday and the Bank of Japan on Friday.

On the European Central Bank, Saxo Bank in its note writes that "the European Central Bank is expected to raise rates by 25 basis points on Thursday to bring the deposit rate to 3.50 percent."

As for the U.S. central bank, on the other hand, it is reported that in the CME Group platform's FedWatch Tool, using futures also based on the actual federal funds rate or EFFR, the confirmation of the rate at the June 14 meeting has a 74 percent probability for confirmation in the 500/525 bps range. In contrast, the 25 bps rise in the 525/550 bps target is priced at 26%.

Thus, the FTSE Mib, marks a 0.9 percent rise to 27,397.65.

In Europe, London's FTSE 100 advances 0.3 percent, Paris' CAC 40 marks plus 0.5 percent, while Frankfurt's DAX 40 steps up 0.6 percent.

Among the smaller lists, Mid-Cap is in the green by 1.1 percent at 43,500.48, Small-Cap is in the green by 0.2 percent at 27,324.53 while Italy Growth marks a fractional green at 9,177.95.

In the bluechip list, Prysmian is advancing well, marking a plus 3.5 percent to EUR36.94 per share after Friday's red, albeit by 0.1 percent.

Italgas, meanwhile, advances 2.2% to EUR5.70 per share. The company and Veolia announced Friday that they had signed a contract to buy and sell the shares held by the Veolia group in a number of companies active in water services in the regions of Lazio, Campania, and Sicily, following negotiations announced in recent months. Completion of the transaction is subject to the fulfillment of certain conditions, including the involvement or approval of the entities that awarded the water service concession.

Good buying on UniCredit, which marks a plus 1.6 percent to EUR18.64 per share after Friday's 1.7 percent red.

Telecom Italia -- down 0.8 percent -- announced Friday that it had received, as part of the competitive process related to Netco, two new non-binding bids submitted, respectively, by the consortium formed by CdP Equity Spa and Macquarie Infrastructure and Real Assets (Europe) Limited, acting on behalf of a group of investment funds managed or advised by the Macquarie Group, and by Kohlberg Kravis Roberts & Co. LP.

On the Mid-Cap, MFE shares lead the list, with Class A AND B up more than 10 percent and 8.9 percent, respectively. Clearly to be highlighted on the stock is the mourning that has complicated the company. Silvio Berlusconi, who dominated Italian public life for decades as a billionaire media mogul, businessman and prime minister, has died at the age of 86. He leaves behind five children, all involved in running his business empire.

Also advancing well is Reply, which carries the bar ahead 3.5 percent and rearing its head again after three bearish sessions.

Industrie De Nora Spa -- in the green by 2.4 percent -- reported Monday that thyssenkrupp nucera AG & Co. KGaA and thyssenkrupp AG have announced to the market their intention to proceed with the listing of tk nucera's shares on the Frankfurt Stock Exchange's Prime Standard regulated market. De Nora currently holds 34 percent of thyssenkrupp nucera while the majority belongs to thyssenkrupp AG.

Caltagirone, on the other hand, gives up 2.2 percent to EUR4.06 per share positioning itself at the bottom of the list.

On the Small-Cap, Bioera rises 5.7% to EUR0.13, positioning itself toward the fourth session to end with bullish trend.

Banca Sistema, on the other hand, advances 3.7 percent on the heels of the 2.8 percent gain with which it ended Friday's session.

Piquadro, on the other hand, advances 2.7 percent to EUR1.8895, rearing its head after two bearish sessions.

Gequity -- down 3.1 percent to EUR0.0124 -- reported Saturday that its board of directors approved its results for fiscal year 2022, which closed with a loss of EUR1.8 million, which compares with a loss of EUR2.7 million in the previous year. As for revenues, these amounted to EUR3.8 million from EUR4.0 million in the previous year.

Among SMEs, in a still uneventful list, rear-ends for Ambromobiliare, which marks a minus 6.3 percent to EUR1.33 per share.

Fenix Entertainment--declining 7.3 percent--reported Sunday that its board of directors approved the group's draft operating budget and consolidated financial statements as of Dec. 31, 2022, which closed with a loss of EUR5.5 million compared with about EUR528,000 in profit the previous year. Value of production was EUR36.4 million, compared to EUR43.8 million in the previous year.

Doing well, however, was Franchetti, which posted a plus 3.3 percent to EUR4.07 per share, reversing the trend after four sessions in the red.

FAE Technology, meanwhile, advances 3.0 percent to EUR2.09 per share. The company reported Thursday that it has completed functional work on the expansion of its headquarters in Vertova, in the province of Bergamo, with a total investment of about EUR2 million, most of it for the implementation of production lines and technologies.

In New York on Friday evening, the Dow closed in the green by 0.1 percent, the Nasdaq by 0.2 percent, and the S&P 500 was up 0.1 percent.

Among currencies, the euro changed hands at USD1.0784 against USD1.0770 at Friday's European equities close. In contrast, the pound is worth USD1.2595 from USD1.2581 on Friday evening.

Among commodities, Brent crude is worth USD73.11 per barrel versus USD76.17 per barrel Friday night. Gold, on the other hand, trades at USD1,965.23 an ounce from USD1,978.85 an ounce last night.

On Monday's overseas economic calendar, consumer inflation expectations from the US will be released at 1700 CEST.

By Maurizio Carta, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Copyright 2023 Alliance News IS Italian Service Ltd. All rights reserved.