(Alliance News) – On Monday, as people think of nothing but the war in Gaza, major European stock markets open in negative territory, with Piazza Affari the black jersey of Europe.
Thus, the FTSE Mib is down 1.1 percent to 27,516.01, the Mid-Cap gives up 1.1 percent to 38,727.30, the Small-Cap is down 0.2 percent to 25,156.69, and Italy Growth is down 0.4 percent to 8,061.84.
In Europe, Paris’ CAC 40 is in the red by 0.2 percent, as is London’s FTSE 100, while Frankfurt’s DAX 40 gives up 0.6 percent.
In macroeconomic news, on a day when not many announcements are expected, industrial production in Germany fell 0.2 percent month-on-month in August, compared with market forecasts of a 0.1 percent decline and after a downwardly revised 0.6 percent drop in the previous month, according to data released Monday by the Federal Statistical Office.
It was the fifth decline this year amid weakness in energy production with a 6.6 percent drop, construction by 2.4 percent and machinery and equipment manufacturing by 2.3 percent.
On the main list of the Italian Stock Exchange, banking stocks go down with BPER Banca, Mediolanum, Banco BPM and Banca Monte dei Paschi di Siena sitting at the bottom giving up between 3.0% and 3.0%.
Telecom Italia also goes down, down 2.4%. Press reports, reported on the meeting between Treasury Minister Giancarlo Giorgetti and Meloni government chief of staff Gaetano Caputi, who, at the request of Vivendi, which is TIM’s largest shareholder, received Chairman Yannick Bollorè and CEO Arnaud de Puyfontaine.
For Vivendi, KKR’s offer does not do justice to the strategic value of the infrastructure, without solving the debt problem at its root, putting the remaining company and its employees at risk. “This is why the French shareholder is ready to protect its rights in the most appropriate legal venues.”
KKR has been working since June 26 together with TIM management to formulate a binding offer by Oct. 15 for Netco, the company that encompasses the primary and secondary networks, and Sparkle’s submarine cables-which the MEF intends to take over at a later date.
At the other end of the list, dragged by the war in Gaza, is Leonardo, which takes the top spot with a 4.7 percent increase, followed by oil stocks, with Eni up 1.6 percent, Saipem up 1.5 percent, and Tenaris in the green by 1.1 percent.
Among energy stocks, Enel gives up 1.4 percent. The company on Thursday approved the launch of a share buyback program for up to 4.2 million shares.
The potential outlay associated with the execution of the program is estimated at about EUR23.3 million.
Italgas gives up 0.3 percent after announcing Thursday that it has completed corporate simplification related to its operational presence in Greece.
On the Mid-Cap, Juventus Football Club gives up 14% after announcing that it closed the year with a loss of EUR123.7 million from EUR239.3 million in the same period last year, partly affected by negative revenue and cost effects related to the outcomes of Italian and international sports proceedings.
As of June 30, revenues and income stood at EUR507.7 million from EUR443.4 million in 2022.
Maire Tecnimont rises 0.8 percent after reporting that Tecnimont, part of the Integrated E&C Solutions business unit, signed a letter of award with ADNOC on Thursday for the onshore treatment plant at the Hail and Ghasha project.
The total value of the EPC contract is approximately USD8.7 billion and the project is scheduled for completion during 2028.
Anima Holding gives up 0.8 percent. The company reported that the group’s net inflows of assets under management in September were negative EUR271 million.
At the end of September, total assets under management by the Anima group stood at about EUR184 billion.
On the Small-Cap, Pierrel-not yet inetressed by the exchanges-announced on Monday that it has obtained marketing authorization in Uzbekistan for the Articaine-based dental anesthetic, Orabloc in both formulations.
With this new authorization, the company explained in a note, Pierrel strengthens its commercial presence in Central Asia.
Avio – up 2.5 percent – announced Monday that the Vega launcher lifted off from the French Guiana Space Center at 2236 local time, 0336 CEST, and successfully completed the VV23 mission, placing two satellites plus ten auxiliary payloads into heliosynchronous orbit.
The VV23 mission launch sequence had been previously scheduled for Saturday but was aborted a few hours earlier due to a value slightly above the maximum threshold during the final countdown.
Greenthesis opens up 8.8 percent. The company reported Thursday, September 21, that it posted net revenues of EUR85.3 million for the first half of the year, up from EUR82.3 million in the first half of 2022.
Net income rose 2.6 percent to EUR8.6 million from EUR8.4 million in the same period last year.
Among SMEs, Growens – in the red by 0.9 percent – on Monday announced that it had signed a binding agreement to sell 100 percent of the share capital of its Dutch subsidiary Datatrics BV to Squeezely BV, a Spotler Group company, a leading marketing automation operator in the Netherlands and the UK, for a total consideration of EUR1.7 million.
Casta Diva Group is flat at EUR1.14 per share. The company announced Thursday that its board of directors reviewed the value of production figure for September 30, which came in at EUR71 million, up 28 percent from the same period last year, when it was EUR56 million.
Almawave gives up 3.8 percent after reporting Thursday that its subsidiary SisTer won the COMESA – Common Market for Eastern and Southern Africa tender to enhance the Africa Information Highway public data platform, which the African Development Bank makes available to all African countries and regional and subregional organizations.
In Asia, Hong Kong resumed trading after interrupting the morning session due to torrential rains and is now 0.1 percent in the red at 17,475.06 while the Shanghai Composite gave up 0.4 percent to 3,096.92 and the Nikkei is closed for National Sports Day.
In New York on Friday, the Dow closed in the green 0.9 percent to 33,407.58, the Nasdaq up 1.6 percent to 13,431.34 and the S&P 500 finished up 1.2 percent to 4,308.50.
Among currencies, the euro changed hands at USD1.0530 against USD1.0537 recorded in Friday’s European equities close while the pound was instead worth USD1.2185 from USD1.2191 on Friday evening.
Among commodities, Brent crude is worth USD86.83 per barrel from USD83.65 per barrel at Friday’s close. Gold, on the other hand, trades at USD1,865.75 an ounce from USD1,823.81 an ounce Friday evening.
Monday’s macroeconomic calendar features the Sentix index of Eurozone investor confidence at 1030 CEST.
In the afternoon, room for French three-, six- and 12-month BT auctions and speeches by Jefferson and Logan of the Federal Reserve at 1500 CEST and 1850 CEST, respectively. Mann of the Bank of England, on the other hand, will close the day at 2200 CEST.
Among the companies in the Piazza Affari, however, the results of Nusco are expected.
By Claudia Cavaliere, Alliance News reporter
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