(Alliance News) - On Monday, major European stock markets open trading higher on a quiet macroeconomic day, which still includes the release of Eurozone industrial production data.

Thus, the FTSE Mib is in the green 0.2 percent to 27,400.46, the Mid-Cap is up 0.3 percent to 43,301.99, the Small-Cap is up 0.1 percent to 28,205.67, and Italy Growth is in fractional green at 9,136.19.

In Europe, Paris' CAC 40 is up 0.5 percent, as is Frankfurt's DAX, while London's FTSE 100 is in the green by 0.4 percent.

In macroeconomic news, producer prices in Japan rose at a faster-than-expected pace in April but more slowly than in the previous month, according to data provided by the central bank on Monday.

Producer price inflation in Japan slowed to an annual rate of 5.8 percent in April from 7.2 percent in March. On a monthly basis, producer prices rose 0.2 percent after remaining unchanged the previous month.

The People's Bank of China launched a total of CNY125 billion through a one-year medium-term loan facility -- MLF -- to some financial institutions and left the interest rate unchanged at 2.75% on Monday, renewing MLF policy loans for the sixth consecutive month.

In Europe, Germany's wholesale prices fell 0.5 percent in April from a year earlier, marking the first month of decline since December 2020, according to Monday's data from the Federal Statistical Office.

On the Mib, at the top is Recordati, up by . The company ended the quarter with a net profit of EUR124.0 million as a percentage of revenues of 23 percent. This shows a 28 percent increase over the same period last year.

Consolidated net revenues in the first quarter of 2023 amounted to EUR551.4 million, up 32 percent from the first quarter of the previous year.

Terna - in the green by 0.1 percent - reported that it has signed an ESG-linked revolving credit facility for a total amount of EUR1.8 billion, aimed at refinancing the ESG revolving credit facility signed in 2019 worth EUR1.5 billion.

UniCredit also does well, up 0.5 percent. The company reported Monday that it largely complies with MREL requirements set by resolution authorities.

The binding interim MREL is confirmed to be 20.73 percent of risk-weighted assets, to which the combined capital buffer requirement of 5.90 percent leverage is added. The subordinated binding interim MREL-that is, to be met with subordinated instruments-is confirmed as 11.79% of RWA, to which the CBR of 5.68% of LRE should be added.

Enel -- up 0.2 percent -- announced Friday that its board of directors has appointed Flavio Cattaneo as the company's CEO and general manager.

At the bottom, all down 0.9 percent, are Saipem, Telecom Italia and CNH Industrial.

On the cadet segment, Webuild rises 0.7 percent. The company, in consortium with the Ghella and Pizzarotti groups, on Friday won two new contracts totaling EUR3.7 billion for the development of sustainable mobility in southern Italy.

Saras -- up 1.2 percent -- announced Friday that it had received notice from Farringford Foundation that its indirect subsidiary Urion Holdings Malta Limited had exceeded the 10 percent relevant shareholding threshold.

Therefore, Urion Holdings' shareholding in Saras previously 5.226 percent is now 12.46 percent.

MARR rises 6.2 percent. On Friday, it announced that in the first quarter of the year it reported total consolidated revenues of EUR426.6 million, up from EUR325.8 million as of March 31, 2022.

Profit stood at EUR1.5 million from a loss of EUR2.9 million in 2022.

Iren gained 2.0 percent. On Friday, it reported that Fitch revised the company's outlook to 'Positive' from 'Satble' and affirmed its 'BBB' rating for both long-term creditworthiness and senior unsecured debt.

It sits at the tail end of the WIIT list, down 1.0 percent. The company reported Thursday that net income for the first quarter rose to EUR3.9 million from EUR3.2 million in the same period a year earlier.

The figure reflects the growth in financial expenses to EUR1.8 million, mainly related to the bond issued by the company.

Consolidated revenues amounted to EUR31.8 million from EUR26.4 million in the first quarter of 2022, up 21 percent from the same period last year.

Carel Industries gives up 0.4 percent after reporting Friday that its first-quarter results showed strong growth in revenues and profits compared with the same period a year earlier. Consolidated net income is EUR18.5 million and shows a double-digit increase -- of 13 percent -- from EUR16.4 million as of March 31, 2022. Revenues increased by 25 percent to EUR161.0 million from EUR128.9 million in the same quarter of the previous year.

The board of directors of Alerion Clean Power -- in the green by 1.3 percent -- on Friday said it had reviewed its operating results as of March 31, in which the company reported total revenues of EUR73.5 million, up 6.7 percent from EUR68.9 million in the first quarter of 2022.

On the Small-Cap, Landi Renzo gives up 3.1 percent, after announcing that it approved the results as of March 31, having reported consolidated revenues of EUR71.1 million, up 6.4 percent from EUR66.9 million in the same period last year.

The company worsens its first quarter loss to EUR9.9 million from a loss of EUR3.1 million as of March 31, 2022.

It does very well Gequity, up 7.1 percent whose quarterly results were expected Friday.

On the other hand, Gabetti Property Solutions, which approved itermedi results as of March 31, 2023, ceded 5.6 percent, reporting operating revenues of EUR26.4 million down 38 percent from EUR42.7 million in the same period last year, due to the regulatory change on tax incentives affecting Gabetti Lab's redevelopment-related revenues.

The group's gross loss amounted to EUR65,000 from a profit of EUR2.3 million in the first quarter of 2022.

Tessellis--the new Tiscali--reported that it ended 2022 with a net loss of EUR63 million, which compares with the previous year's negative figure of EUR35 million. The stock is at parity at the open.

Among SMEs, Renergetica gives up 1.6 percent after announcing Thursday that it approved results for the year ended Dec. 31, 2022, which reported a net profit of EUR2.5 million from EUR2.7 million a year earlier and a value of production of EUR10.9 million from EUR11.9 million in 2021.

OSAI Automation System-which is not yet trading-announced that it has been awarded a contract for a significant project worth a total of EUR6.8 million for an assembly and testing line for a leading European carmaker by a well-established multinational client, a strategic industrial player in the automotive field.

Convergences does worse than all and gives up 8.8 percent.

In Asia, the Nikkei closed up 0.8 percent to 29,626.34, the Shanghai Composite is up 1.2 percent to 3,310.74 and the Hang Seng is up 1.5 percent to 19,934.08.

In New York at Friday's close, the Dow finished just below par at 33,300.62, the Nasdaq lost 0.4 percent to 12,284.74 and the S&P 50 gave up 0.2 percent to 4,124.08.

Among currencies, the euro changed hands at USD1.0867 against USD1.0856 at Friday's close. In contrast, the pound is worth USD1.2479 from USD1.2460 on Friday evening.

Among commodities, Brent crude is worth USD73.93 per barrel versus USD74.50 per barrel Friday night. Gold, on the other hand, trades at USD2,023.30 an ounce from USD2,016.00 an ounce at Friday's European equities close.

On Monday's macroeconomic calendar, Eurozone industrial production and EU economic forecasts will be released at 1100 CEST.

At 1430 CEST, space will be given to wholesale sales from Canada, and at 1730 CEST, U.S. Treasury bond auctions will be held.

In Piazza Affari, several quarterly results are expected including those of Esprinet, Interpump Group, Eurotech, FILA and GVS.

By Claudia Cavaliere, Alliance News reporter

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