(Alliance News) - Old Continent stock markets opened cautiously in the positive on Monday as investors look ahead to monetary policy decisions by major central banks this week. The Federal Reserve will announce its latest policy move on Wednesday, the European Central Bank on Thursday and the Bank of Japan on Friday.
In the CME Group platform's FedWatch Tool, using futures also based on the actual federal funds rate, or EFFR, the rate confirmation at the June 14 meeting has a 74 percent probability for confirmation in the 500/525 bps range. In contrast, the 25 bps rise in the 525/550 bps target is priced at 26%.
Thus, the FTSE Mib, marks a 0.5 percent rise to 27,308.88.
In Europe, London's FTSE 100 advances with 0.3 percent, Paris' CAC 40 marks a plus 0.5 percent, while Frankfurt's DAX 40 steps up 0.6 percent.
Among the smaller lists, Mid-Cap is in the green 0.5 percent to 43,236.59, Small-Cap is in the green 0.1 percent to 27,292.30, while Italy Growth marks a 0.1 percent contraction to 9,170.32.
In the bluechip list, good buys on UniCredit, which marks a plus 1.3% to EUR18.58 per share after Friday's red 1.7%.
High quarters also for ERG, which moves ahead 1.4% on the heels of Friday's green with 1.8%.
Telecom Italia -- down 1.9 percent -- announced Friday that it has received, as part of the competitive process regarding Netco, two new non-binding bids submitted, respectively, by the consortium formed by CdP Equity Spa and Macquarie Infrastructure and Real Assets (Europe) Limited, acting on behalf of a group of investment funds managed or advised by the Macquarie Group, and by Kohlberg Kravis Roberts & Co. LP.
Azimut Holding -- ahead 0.6 percent -- reported Friday that it recorded positive net inflows of EUR89 million in May, bringing to EUR2.9 billion that recorded since the beginning of the year. Total assets including assets under administration stood at EUR83.7 billion at the end of May, of which EUR57.0 billion refer to assets under management.
On the Mid-Cap, Salcef advances well, bringing the bar forward 1.5 percent, positioning itself for the fifth session in a row on the bullish side.
Industrie De Nora Spa -- in the green by 1.4 percent -- reported Monday that thyssenkrupp nucera AG & Co. KGaA and thyssenkrupp AG have announced to the market their intention to proceed with the listing of tk nucera's shares on the Frankfurt Stock Exchange's Prime Standard regulated market. De Nora currently holds 34 percent of thyssenkrupp nucera while the majority belongs to thyssenkrupp AG.
MARR, on the other hand, advances 1.3 percent to EUR15.20, turning upward after two sessions closed in the red.
Reply, on the other hand, moves ahead with 1.6 percent, with new price at EUR105.50 per share.
On the Small-Cap, Bioera rises 6.5 percent to EUR0.1340, positioning itself toward the fourth session to end with bullish trend.
Piquadro, on the other hand, advances 4.1% to EUR1.91, rearing its head after two bearish sessions.
Gequity - flat at EUR0.013 - reported Saturday that its board of directors approved the results for fiscal year 2022, which closed with a loss of EUR1.8 million, which compares with a loss of EUR2.7 million in the previous year. As for revenues, these amounted to EUR3.8 million from EUR4.0 million in the previous year.
Among SMEs, in a still uneventful list, rear-ends for Ambromobiliare, which marks a minus 6.3 percent to EUR1.33 per share.
Fenix Entertainment--down 3.3 percent--reported Sunday that its board of directors approved the group's draft operating and consolidated financial statements as of Dec. 31, 2022, which closed with a loss of EUR5.5 million compared with about EUR528,000 in profit the previous year. Value of production was EUR36.4 million, compared to EUR43.8 million in the previous year.
Well, however, Franchetti, which posted a plus 3.3 percent to EUR4.07 per share reversing the trend after four sessions in the red.
In New York on Friday evening, the Dow closed in the green by 0.1 percent, the Nasdaq by 0.2 percent, and the S&P 500 was up 0.1 percent.
Among Asian exchanges, the Nikkei rallied 0.5 percent, while the Shanghai Composite gave up 0.1 percent and the Hang Seng contracted 0.2 percent.
Among currencies, the euro changed hands at USD1.0750 against USD1.0770 on Friday in closing European equities. In contrast, the pound is worth USD1.2581 from USD1.2581 on Friday evening.
Among commodities, Brent crude is worth USD73.89 per barrel versus USD76.17 per barrel Friday night. Gold, on the other hand, trades at USD1,961.35 an ounce from USD1,978.85 an ounce last night.
On Monday's overseas economic calendar, consumer inflation expectations from the US will be released at 1700 CEST.
Among the companies listed in Piazza Affari, the results of Homizy, Piquadro, Prismi and TrenDevice are expected.
By Maurizio Carta, Alliance News reporter
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