(Alliance News) - Europe's major stock markets are leaning toward a bullish opening on Tuesday after a positive close in the first session of the week, according to IG futures.

"The week started on a positive note for global equities, which continue to cruise on optimism that the Federal Reserve's next move will not be a rate hike, which I think is excessive, and that next week's U.S. inflation data could be a rude awakening," commented Ipek Ozkardeskaya, Senior Analyst at Swissquote Bank.

Thus, the FTSE Mib is expected to rise 102.5 points or 0.3 percent, after closing in the green 1.1 percent at 33,986.90.

In Europe, Paris' CAC 40 advances 16.5 points or 0.2 percent, Frankfurt's DAX 40 rises 40 points or 0.2 percent, and London's FTSE100 is expected to open in the green 37.5 points or 0.5 percent after Monday's bank holiday break.

On the macro front, Germany's trade surplus rose to EUR22.3 billion in March from EUR21.4 billion the previous month, compared with market forecasts of EUR22.4 billion.

Before Piazza Affari opened, UniCredit and Banca Monte dei Paschi also reported first-quarter earnings, posting double-digit year-on-year growth.

Among Italy's smaller listings on Monday evening, the Mid-Cap closed in the green 0.8 percent to 47,660.87, the Small-Cap was in the red 0.2 percent to 28,993.81 while Italy Growth closed up 0.4 percent to 8,251.56.

On the Mib, Amplifon's board of directors -- up 4.6 percent -- on Monday approved its interim report as of March 31, which closed with a net profit on a recurring basis of EUR35.7 million, up 2.2 percent from EUR34.9 million recorded in the first quarter of 2023.

Intesa Sanpaolo, equally in the top quarters, advanced 2.9 percent. The bank reported on Friday that it reported first-quarter profit of EUR2.30 billion for the year, up 18% from EUR1.96 billion and in line with its EUR8 billion target for the year.

Good purchases were also made on Pirelli, which brought home a 2.3 percent green after a 1.4 percent decline on Friday evening.

Brunello Cucinelli, on the other hand, gave up 1.5 percent, with final price at EUR96.60, after Friday night's 3.0 percent green.

Recordati, on the other hand, gave up 0.8%, taking a step back after five sessions closed with a bullish candle.

On the Mid-Cap, Anima Holding -- up 5.4 percent -- reported Monday that its board of directors approved the consolidated interim report as of March 31 and a new EUR40 million buyback program. Thus, in the first quarter, the group posted a profit of EUR52.9 million, up 75% from EUR30.2 million in the first quarter of 2023. The consolidated results, the company says, include the contribution of Castello SGR, acquired in July 2023.

d'Amico, meanwhile, rallied 3.2 percent after two sessions closed down.

Webuild -- in the green by 1.4 percent -- disclosed that it has submitted a pro bono project, with its U.S. subsidiary Lane, to rebuild Baltimore's Francis Scott Key Bridge, which collapsed last March causing the loss of numerous lives and severing a vital link between the city's harbor and the Atlantic Ocean.

At the back of the pack was Comer Industries, which closed with a negative balance for the fourth consecutive session by posting a minus 3.1 percent.

Italmobiliare, on the other hand, posted a minus 3.2 percent, following a 1.5 percent green in Friday's session and closing at the tail end of the segment.

On the Small-Cap, Cairo Communication rallied 6.4% with new price at EUR2.32.

SIT, on the other hand, rallied 4.0 percent to EUR2.33, pending results due out on Thursday.

Safilo Group gave up 0.7 percent, following up on Friday night's 1.4 percent positive balance. The company announced Thursday that it has signed a perpetual license agreement with Authentic Brands Group for Eyewear by David Beckham, replacing the previous contract that expires at the end of 2030. Under the new agreement, Safilo will continue to manage the entire value chain, from the design phase, a creative process led by David Beckham, to manufacturing and global distribution.

Seri Industrial gave up 4.0 percent after two heavy bearish sessions. On Tuesday it reported that during the first quarter 2024 it posted revenues of EUR43.4 million with a slight decrease of EUR237,000 from the previous reporting period.

Gefran, on the other hand, left on the parterre equally 4.0 percent, following a 0.5 percent decline in the previous session.

Among SMEs, boost on Arterra Bioscience, which advanced more than 10 percent, in its fifth bullish session. The company on Monday reported that in the first quarter of the year it increased revenues by 26 percent to EUR1.1 million from EUR862,870 as of March 31, 2023.

Alfio Bardolla also advanced 10% to EUR3.20, turning upward after two bearish sessions.

Clabo - in the red by 3.9 percent - announced Thursday that it had approved consolidated financial statements as of December 31, which closed with a profit of EUR1.2 million from EUR900,000 a year earlier. Revenues rose to EUR60.5 million from EUR51.4 million.

Imprendiroma closed down 6.5 percent, following the double-digit decline with which it closed the session Friday night.

In Asia, the Nikkei is up 1.3 percent, the Hang Seng gives up 0.4 percent and the Shanghai Composite is up 0.3 percent.

In New York, the Dow closed in the green 0.5 percent to 38,852.27, the Nasdaq rose 1.2 percent to 16,349.25 while the S&P 500 finished up 1.0 percent to 5,180.74.

Among currencies, the euro changed hands at USD1.0756 from USD1.0778 on Monday in European equities closing while the pound was worth USD1.2538 from USD1.2573 on Monday evening.

Among commodities, Brent crude is worth USD83.53 a barrel from USD83.47 a barrel Monday evening and gold trades at USD2,319.83 an ounce from USD2,322.79 an ounce Monday evening.

Tuesday's macroeconomic calendar features construction PMIs from the major Eurozone economies at 0930 CEST while euro area retail sales will be released at 1100 CEST.

In the afternoon, eyes are on the EIA's short-term energy estimates while, at 2230 CEST, the day closes with data on weekly oil inventories in the US.

Among companies, several quarterly reports are expected, including Antares Vision, Banco BPM, Campari, Ferrari, FinecoBank and Safilo.

By Chiara Bruschi, Alliance News reporter

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