(Alliance News) - European stock markets open higher on Monday, awaiting some European data expected in the morning, including the Eurozone's economic climate.

Also coming this week will be monetary policy decisions from the Federal Reserve, the Bank of Japan and the Bank of England, while investors continue to monitor the unfolding conflict in the Middle East.

As a result, the FTSE Mib opens up 0.6 percent to 27,461.45, the Mid-Cap gains 0.7 percent to 37,873.01, the Small-Cap rises 0.4 percent to 24,082.63, and Italy Growth is in the green 0.1 percent to 7,603.56.

London's FTSE 100 opens up 1.0 percent, Paris' CAC 40 rises with 0.7 percent as does Frankfurt's DAX 40.

On the main list in Piazza Affari, UniCredit opens lower and finishes at the tail end with minus 0.4 percent. On Monday, it announced the day's start of the first tranche of the 2023 share buyback approved by the shareholders' meeting last October 27, for a maximum amount of EUR2.5 billion and for a number of shares not exceeding 160 million.

The first tranche is expected to be completed indicatively by March 2024.

There is only one other bearish stock, FinecoBank, which gives up 0.2 percent.

At the top is Prysmian, up 2.2 percent, followed by Saipem in the green by 1.7 percent and Mediobanca, which advances 1.4 percent after announcing that the shareholders' meeting, which met on Saturday, resolved to distribute a gross dividend per unit of EUR0.85 to each of the eligible shares to be paid from Nov. 22 with record date Nov. 21 and ex-dividend date 39 on Nov. 20.

Telecom Italia opens up 0.8 percent. Saturday confirmed, at Consob's request, that on Friday it had received a communication from Merlyn Advisor LTD and RN Capital Partner, "which, moreover, had already been widely circulated when it was sent to the company," the note says, referring to a parallel offer to that of KKR.

On the new offer, however, rejection has already come from the government. According to Bloomberg reports, for the executive, "there is no alternative plan for TIM."

Eni advances 1.0 percent after closing up 0.2 percent. On Friday morning it reported that the board of directors approved consolidated results for the third quarter and nine months, reporting a sharp decline in earnings but announcing an upward revision of estimates for Ebit and cash flow for the full year, along with an acceleration of the buyback program.

Leonardo - up 1.3 percent - and Fincantieri - in the green by 0.6 percent on the Mid - on Friday announced the signing of a memorandum of understanding in the diving domain, with the aim of pooling their respective expertise and capabilities in the sector.

The initiative also comes in light of the imminent establishment of the National Underwater Pole, the Italian center that will go to strengthen research and innovation in the underwater environment, to secure the latter and foster industrial and economic opportunities.

Also on the cadet list, Maire Tecnimont -- in the green by 1.9 percent -- reported revenues of EUR3.08 billion in the first nine months of the year, up 23 percent from EUR2.51 billion in the same period last year.

As of September 30, net income amounted to EUR88.6 million from EUR61.4 million a year earlier and up 44%

At the top of the list, where the bullish prevail, is Piaggio & C. with a plus 2.5 percent followed by Banca Ifis, in the green by 2.2 percent.

On the Small-Cap, Seri Industrial opens up 2.7 percent after reporting Thursday evening that the board of directors reviewed some data for the first nine months of the year, which closed with revenues at EUR127.3 million, down 10 percent from EUR140.7 million in the same period of 2022.

Elica gives up 1.4 percent. In the first nine months of the year, the company reported normalized net income of EUR11.7 million from EUR17.1 million in the same period last year, down 32 percent.

As of September 30, revenues amounted to EUR360.1 million from EUR419.0 in 2022 and down 14 percent.

Olidata is on par at EUR0.61 per share after announcing on Friday that with reference to the RTI tender of Poste Italiane Spa, awarded to Sferanet, an Olidata group company and 51% principal on Lots 1 and 2 worth EUR9 million, the contract term will be four years.

The project aims to create the largest national network of coworking spaces and training events for citizens, offering innovative solutions and opportunities for growth throughout the country, according to the company.

Among SMEs, Imprendiroma is still not pricing. The company announced Friday that the previously disclosed backlog of orders - amounting to EUR165.3 million - to be executed in the two-year period 2022-2023 will be completed by the first quarter of 2024.

As of Sept. 30, the value of contracted orders to be executed in the 2024 fiscal year is EUR35.1 million related to residential, public and private, as well as artistic projects with the Holy See, plus a portfolio of additional project proposals to the already contracted initiatives worth EUR69.5 million.

Slow start also for Esautomotion, which reported Friday that it had revenues of EUR27.6 million in the first nine months, up from EUR25.3 million in the same period last year.

SolidWorld Group gives up 0.3 percent. On Friday it unveiled a global premiere-at the BIO3DModel and Bio3DPrinting technology hub-"Electrospider," the first 3D bioprinter capable of replicating human cell tissue.

In Asia, the Nikkei closed 1.0 percent in the red at 30,696.96, the Hang Seng was just below par at 17,399.00, and the Shanghai Composite closed 0.1 percent in the green at 3,021.55.

In New York, the Dow closed Friday in the red 1.1 percent to 32,417.59, the Nasdaq rose 0.4 percent to 12,643.01 and the S&P 500 gave up 0.5 percent to 4,117.37.

Among currencies, the euro changed hands at USD1.0551 against USD1.0579 recorded in Friday's European equities close while the pound was worth USD1.2096 from USD1.2144 as of Friday.

Among commodities, Brent crude is worth USD89.32 per barrel from USD88.42 per barrel at Friday's close. Gold, on the other hand, trades at USD1,993.31 an ounce from USD1,981.79 an ounce Friday evening.

Monday's economic calendar features Eurozone consumer confidence at 1100 CET, one hour after Germany's Gross Domestic Product data.

In the afternoon, three- and six-month T-Note auctions will be held in the US at 1730 CET.

Among companies in Piazza Affari, eyes will be on the results of Amplifon, Franchi Umberto Marmi, GEL, Lottomatica, Piaggio & C. and Technogym.

By Chiara Bruschi, Alliance News reporter

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