(Alliance News) - European stocks closed lower on Monday, with markets assessing the latest economic data and quarterly reports. Just on the macro front, it is reported that German industrial production fell 1.5 percent from the previous month in July, exceeding market estimates that had predicted a smaller drop, highlighting the impact that higher interest rates are having on European production after a series of weak PMI data.

According to Destatis, industrial production fell 1.5 percent from the previous month in June, accelerating from the 0.1 percent decline recorded in May. The June figure was worse than the market consensus of 0.4 percent decline, as cited by FXStreet. The May figure was revised up from the initial 0.2% decline.

The FTSE Mib closed down 0.1 percent at 28,547.61.

Among the smaller listings, the Mid-Cap gave up 0.5 percent to 41,874.49, the Small-Cap down 0.5 percent to 26,885.93, and Italy Growth is in the green 0.1 percent to 8,919.62.

Paris' CAC 40 rose 0.1 percent, Frankfurt's DAX 40 closed just below par, and London's FTSE 100 fell 0.1 percent.

On the Mib, Banca Monte dei Paschi di Siena closed as the best stock with a 9.4 percent rise to EUR2.77 per share. On Thursday, the board of directors reviewed results as of June 30, reporting a group profit before tax of EUR615 million, up from the pre-tax profit of EUR44 million reported in the corresponding period of 2022. Net interest income increased to EUR1.08 billion from EUR658.5 million in the first half of 2022.

Leonardo and Banco BPM were also among the few bullish performers, up 3.1 percent and 2.4 percent respectively.

Interpump closes the list down 3.2% after closing Friday in the red by 4.7%. The board of directors approved the half-year financial report as of June 30, which closed with consolidated net income for the period rose from EUR139.5 million to EUR168.5 million, up 21%. Net sales for the first half of 2023 were EUR1.18 billion, up 15 percent from EUR1.02 billion in the same period last year.

Hera, on the other hand, gave up 2.3%, with price at EUR2.59 per share, in its seventh bearish session.

Sales also prevailed on Iveco, which closed down 3.0 percent following eve's 0.2 percent decline.

On the cadet segment, Datalogic closed bullish after four bearish sessions -- due to half-year results with a profit of EUR12.1 million down from EUR8.8 million recorded in the first half of 2022 -- marking a rise of 5.7 percent.

Seco closed up 1.6 percent, with new price at EUR4.42 per share, in the green after three bearish sessions.

Also doing well was illimity Bank, which, up 1.3 percent, on Friday reported that it had approved results for the first half of the year in which it posted net income up 66 percent to EUR52.2 million from EUR31.5 million in the same period a year earlier. Net interest income stood at EUR97.7 million as of June 30 from EUR74.1 million and up 32 percent from 2022.

The board of MARR -- in the red by 8.9 percent -- on Friday approved the half-year financial report as of June 30, which closed with a net profit of EUR18.7 million and compares with EUR10.5 million in the first half of 2022. The first six months ended with total consolidated revenues at over EUR1.0 billion, up from EUR874.3 million in the same period last year.

Sanlorenzo, on the other hand, gave up 3.7 percent, with price at EUR36.30 per share, after two sessions in the green.

Rear-ends also for Saras, down 3.4 percent. It reported Friday that Urion Holdings (Malta) Ltd sold 6.1 million ordinary shares in the Moratti company. The shares were sold at an average unit price of EUR1.31, for a total consideration of EUR8.0 million. Of note, three funds moved on the stock on Friday: Citadel Advisors cut its short to 0.75 percent from 0.84 percent; Marshall Wace raised it to 1.54 percent from 1.46 percent; and WorldQuant defined a net short position of 0.55 percent.

On the Small-Cap, Aquafil closed 7.4 percent in the red, bringing its liability since the beginning of the year over 44 percent. The company reported Friday that it closed the first half of the year with revenues of EUR311.1 million--of which EUR144.3 million came from the second quarter--down 11 percent year-on-year.

TXT e-solutions -- in the red by 6.9 percent -- reported Thursday that it had almost doubled first-half net income year-on-year to EUR6.8 million from EUR3.5 million in the same period a year earlier.

Autostrade Meridionali advanced 9.0 percent to EUR13.95 per share, positioning itself for the third session up.

Restart rallied 6.0 percent in the wake of the 1.8 percent red with which it closed Friday evening.

Among SMEs, H-Farm advanced 8.0 percent, after contracting with 9.1 percent on the eve.

CleanBnB, on the other hand, advanced 9.8%, on the heels of Friday's green close of 3.1%.

Innovatec, at the rear, gave up 3.8%, however, in its fifth bearish session.

Also at the tail end is Askoll Eva, which posted minus 5.3 percent, closing in the red for the third session in a row.

In New York, the Dow Jones is advancing 0.9 percent, the S&P is up 0.5 percent, and the Nasdaq is marking minus 0.1 percent.

Among currencies, the euro changes hands at USD1.1001 against USD1.1038 on Friday's European equities close while the pound is instead worth USD1.2771 from USD1.2781 on Friday evening.

Among commodities, Brent crude is worth USD85.27 per barrel versus USD86.29 per barrel at Friday's close. Gold, on the other hand, trades at USD1,933.40 an ounce from USD1,943.43 an ounce Friday night.

On Tuesday's economic calendar, Japan's current account balance is due at 0150 CEST, while China's trade balance is expected at 0500 CEST.

At 0800 CEST, comes the CPI from Germany.

From the US, at 1430 CEST it is the turn of the trade balance, while at 2230 CEST the weekly oil stocks report will be released.

Among companies, Banca Popolare di Sondrio and Revo Insurance accounts are expected.

By Maurizio Carta, Alliance News reporter

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