2023-05-30 10:08:08
(Alliance News) – On Tuesday, the main European stock markets were in contrast at midday after data from Italy and the euro zone.
Thus, the FTSE Mib is in the green by 0.4% at 26,714.96, the Mid-Cap is up by 0.1% at 42,225.91, the Small-Cap is in the green by 0.3 % at 27,634.15 and Italy Growth is in the green by 0.1% at 9,128.31.
In Europe, the CAC 40 in Paris is in the red by 0.3%, as is the FTSE 100 in London, while the DAX in Frankfurt is up 0.5%.
On the macro side, industrial sales in Italy grew at a slower pace than the previous month year-over-year and fell month-on-month in March.
Italian industry sales rose 4.3% year-on-year in March after rising 7.2% in February, when the market expected a 13% increase. On a monthly basis, the 0.3% decline in March followed a 1.3% drop in February and contradicted expectations of a 0.1% increase.
Producer prices in Italy fell on both a monthly and annual basis in April.
Producer prices in Italy fell 4.8% on a monthly basis in April after falling 1.5%, contradicting economists’ estimates of a 0.5% increase.
On an annual basis, however, April’s 1.5% decline followed the 3.7% increase – revised from the initial 3.8% increase – in March and was below estimates. down 4%.
In Europe, European consumer confidence improved in May, from minus 17.5 in April to minus 17.4.
The Eurozone Economic Sentiment Indicator fell 2.5 points to 96.5 in May, from a revised reading of 99.0 the previous month, and was below market expectations of 98. ,9. Morale fell to its lowest level since November 2022 due to the sluggish economy, high inflation and rapidly rising interest rates.
On the main Piazza Affari index, Prysmian took the lead and rose 2.5 percent. Goldman raises its target price to 54.00 euros, against 51.00 euros, with a buy recommendation. Additionally, the company announced on Friday that Massimo Battaini – the company’s current director and chief operating officer – is the nominee to become the group’s CEO.
Battaini will be presented at the shareholders’ meeting which will be called to approve the 2023 budget, that is to say next year. The current CEO, Valerio Battista, has expressed his refusal to continue in office for the period 2024-2027.
Banco BPM – up 0.1% – announced on Monday that it had exercised its option to buy 65% of Vera Vita and Vera Assicurazioni, under agreements signed two years ago with Cattolica Assicurazioni.
BPM will pay €332.5 million for 65% of the equity of the two Vera companies, net of T2 instruments, and a fixed component of €60 million.
Inwit – in the 0.3% green – announced on Monday that the shareholder-approved buyback program will begin on May 30 with a maximum of 1.2 million treasury shares, equivalent to 0.1% of its share capital.
The plan has a duration of 18 months from the date of the general meeting of shareholders that approved it and the first tranche will relate to a maximum of 67,000 ordinary shares of INWIT. Taking as a reference the quotation price of the ordinary shares during the last session of the Italian Stock Exchange, the maximum potential exchange value of the shares subject to the first tranche is estimated at approximately 800,000 euros.
Eni – down 0.9% – announced on Monday that it had signed an agreement with RINA, a multinational engineering inspection, certification and consultancy company, with the aim of developing joint initiatives “to contribute to the process of energy transition and decarbonization of their respective activities with particular attention to the maritime transport sector, in which RINA and Eni will be able to exploit the expertise of the other”, according to the press note.
Teneris also fell, by 1.5%. In contrast, ERG rose 1.3% and Saipem gained 0.3%.
On the cadet segment, Maire Tecnimont is in the red by 0.8%. The company announced on Thursday that it had signed a new 40 million euro loan agreement with BPER Corporate & Investment Banking, 80% backed by a guarantee granted by SACE, in order to further strengthen the group’s financial structure.
Juventus will miss out on the next Champions League, which is an €80m shortfall, but the action, after Monday’s fall, takes the lead and rises 4.1%.
Autogrill also performed well, rising 2.1%. The company has approved the execution, as borrower, of a revolving, multi-currency intercompany loan agreement for a maximum amount of 700 million euros with Dufry Financial Services, an indirect wholly-owned subsidiary of Dufry, the controlling shareholder of Autogrill.
Turning to small caps, Tesmec – in the 2.1% green – reported on Friday that Cerved Rating Agency, an Italian agency specializing in assessing the creditworthiness of non-financial companies, confirmed the solicited ‘B1′ rating. .2’ of society.
Trevi Finanziaria Industriale – in the green of 4.4 percent – announced on Thursday that its divisions Trevi and Soilmec won contracts and orders worth a total of 216.2 million euros in the first four months of 2023. Thanks to these acquisitions, the group’s order book amounts to 591 million euros in April 2023.
Among SMEs, High Quality Food is stable after having increased by 9.4% at the opening. Last week, the board of directors approved two capital increases. The first, in the amount of EUR 533,600 and reserved for Francesco Paltoni, will be subscribed through a contribution in kind of a 46% stake in the capital of HQF Agricola, with the issue of 456,068 new shares at a price of €1.17 per share. The second, for a maximum amount of 3.0 million euros and reserved for institutional investors and strategic partners, will be subscribed in cash with the issue of a maximum of 2.7 million new shares at a unit price of 1.11 euros.
The Casta Diva Group is in the green by 5.9 per cent, after announcing on Monday that it had approved its draft financial statements for the year to December 31, 2022, in which revenue stood at 83.6 million euros, up 210 percent from 26.9 million euros in the same period last year. The production value was €83.9 million, up 182% from €29.7 million. The profit amounted to 1.8 million euros, compared to 429.211 euros in 2021.
Imvest – in the green by 3.0% – said it approved draft financial statements for the year ending December 31, 2022, having reported sales revenue of 4.0 million euros compared to 2.8 million euros during the same period in 2021. Revenue was 4.6 million euros, compared to 2.6 million euros for the same period of the previous year. The loss amounted to 1.2 million euros, compared to 5.3 million euros in 2021.
In Asia, the Nikkei closed 0.3 percent green at 31,328.16 and the Hang Seng closed 0.1 percent green at 18,595.78, while the Shanghai Composite finished lower. up 0.1 percent to 3,224.21.
In New York, the Dow Jones closed 1.0% green at 33,093.34, the S&P gained 1.3% at 4,205.45, while the Nasdaq was up 2.2% at 12,975.69.
Among currencies, the euro changed hands at $1.0707 from $1.0712 at the close of European stock markets on Monday. On the other hand, the pound was worth 1.2345 USD against 1.2356 USD on Monday evening.
Among commodities, a barrel of Brent was worth 75.53 USD against 76.48 USD on Monday evening. Gold, meanwhile, is trading at $1,966.45 an ounce from $1,946.75 an ounce Monday night.
On Tuesday’s macro calendar, the US consumer confidence report will be released at 1600 CEST in the afternoon, while a 3-month and 6-month Treasury bond auction will take place at 1730. IT IS.
By Claudia Cavaliere, journalist at Alliance News
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