(Alliance News) - The Mib moves with a bullish gait on Monday, with traders analyzing the political situation in the U.S. and the implications it could have on the country's November elections.

President Joe Biden has reportedly ended his re-election race and endorsed Vice President Kamala Harris as the Democratic nominee, while Donald Trump continues his race - with poll favor - toward the White House.

Thus, the FTSE Mib fluctuates in the green by 0.4 percent to 34,504.16, the Mid-Cap is in the green by 0.1 percent to 48,374.68, the Small-Cap rises 0.6 percent to 29,329.77 while Italy Growth is just above par at 8,107.87.

In Europe, Paris' CAC 40 is in the green by 1.3 percent, London's FTSE100 is up 0.8 percent, while Frankfurt's DAX 40 is also advancing with 1.3 percent.

On the Mib, strength on FinecoBank, which moves ahead 6.3% with new price in the EUR16.75 per share area. The stock touched its new 52-week high at EUR16.93 per share during the session.

Good buys also on A2A, which moves up 2.7 percent, after the 1.9 percent red in the previous session.

Tenaris - up 0.6 percent - reported the purchase of 1.1 million shares that took place between July 15 and 19. The shares were taken over at an average price of EUR15.5116 for a total value of EUR16.1 million. As a result of these purchases, the company holds 51.5 million or 4.4 percent of the share capital.

Eni, on the other hand, fluctuates down 0.2 percent, with price at EUR14.05 per share. Stifel reported that it cut its target price to EUR14.70 from EUR17.30.

Pirelli moves in the green by 0.2 percent to EUR5.71 per share. Worth mentioning that on the stock Goldman Sachs cut the target price to EUR6.40 from EUR6.30.

On the cadet segment, OVS moves ahead 2.9%, rebounding after four bearish sessions.

Good performance also for Carel Industries, which moves up 2.7% turning upward after two bearish daily candles.

Maire Tecnimont -- up 0.9 percent -- reported Monday that NextChem, through its nitrogen technology licensor subsidiary Stamicarbon, has been selected by Linggu Chemical Co. to provide licensing and process design packages to improve the energy efficiency of an existing urea plant in China with a total capacity of 3,100 tons/day.

Buzzi, on the other hand, is giving up 2.2 percent, with price at EUR36.32 per share, after 0.2 percent red in the previous session.

On the Small-Cap, Giglio Group is up more than 12%, with new price at EUR0.6160, on its fourth bullish candle session. The stock over the seven days shows an asset of about 64%.

Piquadro advances more than 4.8%, after a 2.8% loss on Friday.

Purchases also prevail on Bastogi, which goes up 3.9% with price at EUR0.4330.

Fidia, on the other hand, closes down 8.7 percent and toward its fifth bearish session.

Among SMEs, High Quality Food advances 4.8%, positioning its snout toward its seventh session to close with an uptrend.

Reti - in the green by 1.6 percent - announced Monday that it has subscribed, through the opening of a mandate with Simon Fiduciaria, for a EUR10,000 stake in K5 Global Advisor - a U.S.-registered venture capital company - which will enter the share capital of xAI. xAI, a U.S.-registered company led by Elon Musk is a start-up working on the development of artificial intelligence to accelerate human scientific discovery.

AATech in the rear marks a 5.1 percent red, in its third bearish session.

Caribbean Company is stepping back 5.3 percent to EUR0.99 per share, after a 3.2 percent negative balance Friday night.

In Asia, the Nikkei closed down 1.2 percent, the Shanghai Composite gave up 0.6 percent, while the Hang Seng gained 1.2 percent.

In New York, at Friday's close, the Dow gave up 0.9 percent to 40,287.53, the Nasdaq lost 0.8 percent to 17,726.94, while the S&P 500 left 0.7 percent at 5,505.00 on the parterre.

Among currencies, the euro changed hands at USD1.0888 from Friday's USD1.0889 in closing European equities while the pound was worth USD1.2928 against USD1.2920 on Friday evening.

Among commodities, Brent crude is trading at USD82.44 per barrel from USD84.36 per barrel at Friday's close. Gold, on the other hand, trades at USD2,405.01 an ounce from USD2,400.25 an ounce Friday night.

By Maurizio Carta, Alliance News reporter

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