(Alliance News) - On Monday, Piazza Affari, according to the IG platform futures market, is marking an active before the first weekly bell, in line with other European exchanges.

Among the economic news ahead of European trading, Chinese retail sales rose in May but industrial production growth slowed, official data released Monday showed, suggesting that the recovery in the world's second-largest economy remains uneven.

According to the National Bureau of Statistics, retail sales a key indicator of consumer spending grew 3.7 percent year-on-year in May, up from April's 2.3 percent increase. The figure was also higher than the 3.0 percent increase predicted in a survey of Bloomberg analysts.

Thus, the FTSE Mib-after closing Friday down 2.8 percent to 32,665.21-is advancing 162.50 points.

Among the smaller listings on Friday evening, the Mid-Cap lost 1.5 percent to 46,390.02, the Small-Cap posted a loss of 1.4 percent to 28,240.76 while Italy Growth gave up 0.3 percent to 8,048.51.

In Europe, London's FTSE 100 is given up 33.40 points, Paris' CAC 40 is expected up 17.00 points while Frankfurt's DAX 40 is expected to rise 18.00 points.

On the blue chip list, the only two bullish performers were Amplifon -- up 1.2 percent -- and Inwit, which rose instead 0.3 percent after it announced that it had formalized an agreement that provides for an option right to purchase an exclusive controlling interest of 51 percent of the share capital of Boldyn Networks Smart City Roma, which won the tender for the Rome 5G project concession at the end of last year.

At the bottom were the banks, with UniCredit posting a 5.6 percent thud and BPER Banca down 4.0 percent.

Then the industrials were bad, with Leonardo in the red by 5.3% and Iveco Group continuing to lose ground on the stock market, closing down 5.1%.

On the Mid-Cap, Intercos rose 1.6% to EUR15.68 after a 3.9% decline on the eve.

Sales on MFE, with class A shares giving up 2.2%. This share class closed the previous day's session with a 4.8% contraction. B shares, on the other hand, lost 5.3 percent.

Salvatore Ferragamo, on the other hand, gave up 3.4 percent to EUR8.6950 per share, with the stock depreciating about 28 percent since the beginning of the year.

Saras closed down 0.4 percent after Vitol received foreign subsidy approval from the European Commission.

In addition, the conditions precedent for the closing of Vitol's acquisition of 35 percent of Saras from the Moratti family came true. Therefore, the closing is expected to take place by the end of June at the latest.

As a result of the closing, Vitol, through a special purpose vehicle, will be required to launch a mandatory tender offer for the remaining Saras shares. More information on the takeover bid will be provided later.

On the smaller lists, GO internet closed at a breakeven after announcing Friday that it and its majority shareholder, BID-GO, have signed a shareholders' loan agreement for the provision by BID-GO to GO internet of an interest-bearing shareholders' loan of EUR700,000.

The loan is aimed at meeting the company's short-term economic and financial needs. The rate applied is 2%.

It should be recalled that BID-GO launched a takeover bid on GO internet last May 31 and is intermantly controlled by Tiscali, which in turn is controlled by Tessellis, which closed down 4.0%.

Bialetti Industrie lost 1.4, continuing the bearish trail that began three sessions earlier.

Among SMEs, Bellini Nautica rose 10 percent, taking the price to EUR2.80, after closing flat on the eve.

Eligo did not trade. The company reported results for 2023, a fiscal year that ended with a loss of EUR2.5 million, worsening from a EUR940,000 liability reported in 2022.

Sales revenue amounted to EUR1.9 million from EUR2.1 million in 2022. Adjusted Ebitda in 2023 is negative EUR1.9 million from negative EUR360,000. Ebit is minus EUR2.5 million from negative EUR890,000. The stock has %.

At the tail end, Giglio.com lost 6.0% to EUR1.87 per share, subject to profit taking after four bullish sessions.

In New York on Friday evening, the Dow gave up 0.2%, the Nasdaq picked up 0.1%, and the S&P 500 closed just below par.

In Asia, the Nikkei gave up 1.8 percent, the Shanghai Composite is giving up 0.6 percent, while the Hang Seng is floating just above parity.

Among currencies, the euro changed hands at USD1.0686 from USD1.0694 on Friday in closing European equities while the pound is worth USD1.2670 from USD1.2678 on Friday evening.

Among commodities, Brent crude is trading at USD82.26 per barrel from USD82.78 per barrel at Thursday's close. Gold, on the other hand, trades at USD2,318.63 an ounce from USD2,331.03 on Thursday evening.

On Monday's macroeconomic calendar, eyes on Italian inflation, due at 1000 CEST, and the Eurogroup meeting two hours later. From Spain, will come trade balance data, at 1000 CEST.

In the US, the focus will be on three- and six-month T-Note auctions and FOMC member Harker's speech.

Among the companies in the Piazza Affari, Zucchi's results are expected.

By Maurizio Carta, Alliance News reporter

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