(Alliance News) - On Tuesday, Piazza Affari opens all in positive territory along with the rest of the major European stock exchanges on a brisk morning on the macroeconomic front, as traders' interest begins to look overseas at US inflation data.

Thus, the FTSE Mib is in the green by 0.3 percent at 27,500.89, the Mid-Cap is up 0.2 percent to 43,658.93, as is the Small-Cap at 27,369.66, and Italy Growth is in the green by 0.1 percent at 9,166.69.

In Europe, Paris' CAC 40 is up 0.6 percent, Frankfurt's DAX gains 0.7 percent and London's FTSE 100 is in the green by 0.2 percent.

In macroeconomic news, consumer price inflation in Germany was confirmed Tuesday by the Federal Statistical Office at a 14-month low of 6.1 percent year-on-year in May 2023, down from 7.2 percent the previous month, but remaining well above the European Central Bank's target of around 2 percent.

From the U.K., the U.K. unemployment rate stood at 3.8% in February-April, up 0.1 percentage point from the quarter, but below market expectations of 4.0%.

In Japan, the index of the short-term survey of large manufacturing enterprises rose to minus 0.4 percent in the second quarter from minus 10.5 percent in the first quarter, the highest value in three months, thanks to improved economic conditions in the sector.

However, the index remained below zero for the third consecutive quarter as rising import costs and raw material prices, which squeezed firms' margins, and global economic uncertainties continued to weigh on business sentiment.

On the Mib, the banking sector suffered, with Banca Monte dei Paschi di Siena doing worst of all and giving up 1.0%. BPER Banca also gives up 0.7%, while Banco BPM leaves 0.4% on the parterre.

Enel gives up 0.6% after appointing Stefano De Angelis as manager in charge of drafting corporate accounting documents, taking over from Alberto De Paoli.

Telecom Italia, after reacting with a 1.8% drop to the receipt of new offers from KKR on the one hand and CDP-Macquarie on the other for the network, today opens in the green by 0.9%. The two non-binding offers, as explained by the company in a note, will be considered by TIM's board of directors at meetings scheduled for June 19 and 22.

On the Mid-Cap, Maire Tecnimont -- down 0.2 percent -- announced Tuesday that its subsidiary NextChem, part of the Sustainable Technology Solutions business unit, and the Marcegaglia Group have signed an agreement for a feasibility study to accelerate the decarbonization of Marcegaglia's Ravenna steel plant.

Safilo Group leaves 0.3 percent on the parterre after announcing Monday an evolution in its organizational structure, with the aim of supporting the implementation of the group's strategic plan "to continue to grow in a key market such as North America and accelerate business in the sports channel."

Francesco Rinaldi Ceroni was appointed president of Safilo's Global Sport Division, "thanks to his experience and knowledge of the sports segment as well as his commitment to innovation and sustainability," the company explained.

Fincantieri is flat, after letting it be known that as part of the governmental and industrial cooperation program between Italy and Germany related to the U-212A class of submarines, it has signed a contract with the Naval Armaments Directorate of the General Secretariat of Defense and National Armaments Directorate for on-demand support of the German Navy's boats.

The contract will run for five years and will replicate the on-demand service model that Fincantieri operates on Italian Navy vessels, that is, intervening on call to ensure the highest performance of the units.

Among the small-cap companies, Piquadro climbs 1.0 percent after approving its draft financial statements for the fiscal year from April 1, 2022 to March 31, 2023, which closed with a net profit of about EUR6.5 million, an improvement of about EUR2.1 million from the year ended March 31, 2022.

II group reported sales of EUR175.6 million, up 18 percent from the same period in the previous year that ended at EUR149.4 million.

The Piquadro group reported positive Ebitda of approximately EUR27.7 million in the year ended March 31, 2023, an increase of approximately EUR2.4 million compared to the figure of EUR25.3 million reported as of March 31, 2022.

Gequity is not yet affected by trading. The company ended 2022 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. Ebitda is negative EUR1.3 million essentially unchanged from 2021.

Newlat Food rallies 1.0 percent after announcing on Friday that it sold 3.9 million of its own shares, or about 8.9 percent of the share capital, to a group of institutional investors, including Helikon Investments and Banor, at a price of EUR5.80 per share, broadly in line with current market prices and the IPO price.

The same investors also signed an option agreement to purchase, under certain conditions, the remaining portion of treasury shares held by the company.

Among the SMEs listed on the Milan Stock Exchange, TrenDevice rises 4.8 percent after announcing that it has approved its financial statements for the year ended Dec. 31, 2022, having reported a loss of EUR1.4 million, a deterioration from the EUR961,000 loss reported in the same period last year.

Revenues amounted to EUR19.8 million, up 25 percent from EUR15.8 million as of Dec. 31, 2021.

Fenix Entertainment gives up 2.9 percent after announcing Monday that it has signed a co-development agreement with production company House of Visions regarding the feature film project with the working title "Aditi," which is currently being written.

The screenplay will be developed by Stefano Lorenzi and Matteo Ferri, authors of the subject.

The board of directors of Homizy -- which is not yet affected by the exchanges -- on Monday approved the consolidated half-year report as of March 31, 2023, having reported a consolidated production value of EUR13.9 million from EUR345,000 as of March 31, 2022.

The group's attributable loss is EUR55.6 million from a loss of EUR259,000 as of March 31, 2022.

Among Asian exchanges, the Nikkei rallied 1.8 percent, while the Shanghai Composite closed in the green by 0.2 percent and the Hang Seng rose 0.8 percent.

In New York, the Dow closed up 0.6 percent to 34,066.33, the Nasdaq rose 1.6 percent to 13,461.92 and the S&P 500 is up 0.9 percent to 4,338.93.

Among currencies, the euro changed hands at USD1.0796 against USD1.0748 in Monday's European equities close. In contrast, the pound is worth USD1.2562 from USD1.2510 on Monday evening.

Among commodities, Brent crude is worth USD72.65 per barrel versus USD71.77 per barrel on Monday evening. Gold, meanwhile, trades at USD1,978.05 an ounce from USD1,949.76 an ounce last night.

Tuesday's macroeconomic calendar calls for the release of the ZEW index of sentiment on the Eurozone and German economies at 1100 CEST. At 1300 CEST, the OPEC monthly report will be published.

Inflation also coming from the US, at 1430 CEST, before the day closes with weekly oil stocks, due out at 2230 CEST.

Among the companies in the Piazza Affari, AbitareIn's accounts are expected.

By Claudia Cavaliere, Alliance News reporter

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