(Alliance News) – European stock markets extended gains from earlier on Tuesday as investors awaited preliminary data on April manufacturing and services activity in the euro zone and Germany to be released later in the day. It started to go up.
“This data shows a widening gap between the United States, where the manufacturing sector is gaining further momentum in expansion territory, and Germany, which remains in deep contraction territory, with manufacturing PMI hovering between 41 and 43. The PMI data is unlikely to improve going forward.''Those betting on a divergence in policy between the US Federal Reserve and the European Central Bank have proven to be wrong. , which should support further weakness in the EUR/USD towards the 1.05 level,” commented Ipek Ozkardeskaya, senior analyst at Swissquote Bank.
According to IG Futures, the FTSE Mib is therefore expected to be in the black by 90.0 points or 0.3% after closing in the red by 0.6% at 33,724.82.
In Europe, Paris' CAC 40 index is expected to rise 27.1 points or 0.3%, London's FTSE 100 index is expected to rise 36.3 points or 0.5% and Frankfurt's DAX 40 index is expected to rise 109.0 points or 0.6% .
Among Italy's small-cap listed stocks on Monday night, midcaps closed 0.2% in the red at 45,939.49, smallcaps rose 0.4% to 27,913.14, while Italia Growth rose 0.1% to 8,056.48. I closed the deal in green.
In Mib, Diasolin rose 4.1% to close at €94.94 per share, following Friday night's close in the green. It is worth noting that HSBC lowered its price target from 115.00 euros to 110.00 euros with a “buy” recommendation.
Banca Monte de Paschi was also bought, rising 3.1% after falling 0.9% in the previous session.
Iveco Group remains at the bottom of the list, falling 2.2%, as it did early on. The company's Board of Directors has announced that Olof Persson will succeed Gerrit Markus as Group CEO, effective July 1. Gerrit Marx will leave Iveco Group and become CEO of CNH Industrial.
Brunello Cucinelli left Parterre with 1.3 percent and was in the red in the third session.
Among mid-cap stocks, OVS rose 2.9%. The company announced on Thursday that its net profit for the year ended January 31, 2024 was 52.4 million euros, up from 39.6 million euros in the same period last year. The Board of Directors has proposed a dividend of EUR 0.06 to EUR 0.07 as of January 31, 2023. Net sales amounted to EUR 1.54 billion from EUR 1.51 billion as of January 31, 2023.
Meanwhile, MARR rose 5.7% to close in a bullish trend for the fourth straight session.
Meanwhile, Juventus Football Club (in the black by 2.1%) broke a five-session bearish mini-trend.
Meanwhile, Webbuild gave up 2.9%, following a 1.2% loss on Friday night.
Among small-cap stocks, Alchemy closed 6.8% lower, with its price falling to 10.30 euros, after flat trading on Friday night.
CSP International reported a 5.2% loss, ending 2023 with a net profit of €100,000 as of December 31, 2022, down from €500,000. Sales for the period were 91.6 million euros, up from 94.2 euros. By 2022, there will be 1 million people.
Bialetti Industrie fell 3.1% after rising more than 14% after announcing that it ended 2023 with sales of 141.2 million euros, up 6.1% from 133.1 million euros a year earlier. EBITDA increased to 19.2 million euros from 16.1 million euros in the same period last year, and operating profit in 2022 increased from 11.1 million euros to 14.9 million euros.
Tesselis (19% Interest) reported on Friday that it had received a notice from Jefferies Financial Group in connection with the acquisition of indirect control. Specifically, Jefferies Financial Group informed Tesselis that it had acquired, through its subsidiary BEI Italia Wireless, a majority of the voting rights of Opnet, which holds 59.26% of Tesselis' share capital. His BEI Italia wireless from Opnet.
IGD (6.2% surplus) said on Thursday that its board of directors, appointed earlier in the day at a general meeting of shareholders, elected Antonio Rizzi as chairman of the board, Eddie Gambetti, for a three-year term from 2024 to 2026. It was announced that. Roberto Zoia was appointed as vice chairman and managing director and general manager.
Among smaller companies, Redelphi Corp., which has a profit of 2.8%, announced on Monday that through its wholly-owned U.S.-registered subsidiary Redelphi Corporation, it has partnered with U.S. developer Elio Energy Group LLC, which is already a partner in BESS Power Corporation. announced that they have signed a business management agreement. Agreement to develop an additional 2.4 GW of battery energy storage system projects in U.S. territories. The new pipeline will be developed by Redelio Renewables LLC, a US-registered startup, with Redelfi Corp. and Elio Group each holding a 50% stake.
Meanwhile, Espe fell 4.2% in its third bear market. The company reported on Wednesday that it ended the 2023 fiscal year with a profit of 1.6 million euros, up from 200,000 euros a year earlier. Production value increased from 45.1 million euros to 59.4 million euros as of December 31, 2022, and sales increased from 36.5 million euros in 2022 to 42.7 million euros.
Gismondi 1754 reported sales revenue ended the first quarter of the year at €4.4 million, up 5.0% from €4.2 million in Q1 2023, up 1.8%.
Franchi Umberto Marmi rose 7.1%, with a price around 6.05 euros. It is reported that the trading volume of the same stock was as high as 12,000 units, and the daily average over the three months was approximately 4,600 units.
In contrast, Fervi rose 3.5% in its third bullish candlestick session, with a price of 18.00 euros per share.
In Asia, the Nikkei Stock Average ended 0.3% lower, the Hang Seng Stock Average 1.6% higher and the Shanghai Composite Stock Price Index 0.8% lower.
In New York, the Dow Jones rose 0.7% to close at 38,239.98, the S&P rose 0.9% to close at 5,010.60 and the Nasdaq rose 1.1% to close at 15,451.31.
In currencies, the euro rose to US$1.0643 from US$1.0644 at Monday's European stock market close, while the pound gained US$1.2336 from US$1.2337 on Monday night.
Among commodities, Brent crude oil is valued at $87.24 per barrel, up from $87.05 on Monday evening, and gold is trading at $2,306.63 per ounce, up from $2,335.71 per ounce on Monday evening.
On Tuesday's macro calendar, the German Manufacturing PMI will be released at 09:30 CET, while the Eurozone PMI will be released at 10:30 CET.
Meanwhile, the UK Manufacturing PMI will be released at 1030 CET.
In the US, data on construction permits will be released at 1400 CEST, PMI for tertiary industry purchases will be released at 1545 CEST, and data on weekly oil stocks will be released at 2230 CEST.
At Piazza Affari, quarterly results are especially expected from Eni and Fervi.
Chiara Bruschi, Alliance News Reporter
Send comments and questions to redazione@alliancenews.com
Copyright 2024 Alliance News IS Italian Service Ltd. All rights reserved.
