(Alliance News) - On Thursday, major European stock markets meet forecasts and open lower, with Milan doing worse than all, on a day meant for the release of several macroeconomic data and corporate results.

Thus, the FTSE Mib gives up 1.4 percent to 28,579.67, the Mid-Cap opens in the red 0.8 percent to 42,082.55, the Small-Cap loses 0.2 percent to 26,873.54, and Italy Growth gives up 0.1 percent to 9,002.73.

Paris' CAC 40 opens in the red by 1.3 percent, Frankfurt's DAX 40 gives up 0.8 percent while London's FTSE 100 retreats with 1.4 percent.

On the main index in Piazza Affari, only FinecoBank and Banca Mediolanum are saved, up 0.2% and 0.1% respectively.

BPER Banca -- at the bottom, in the red by 6.8% -- made that known Wednesday that its half-year profit amounted to EUR719.5 from EUR1.39 billion down 48% from June 30, 2022.

Net interest income stands at EUR1.54 billion, up 97% from EUR785.4 million as of June 30, 2022.

Also doing badly was Banco BPM, which, down 4.3 percent, reported Wednesday that it posted a record profit of EUR624.4 million as of June 30, its best half-year ever, up 78 percent from the same period in 2022, when profit was EUR351.0 million.

Net interest income for the first half amounted to EUR1.55 billion up from EUR1.04 billion in the same period last year.

Tenaris, on the other hand, gives up 4.2 percent after announcing Wednesday evening that it had approved its main results for the first half of the year.

In the first half, the company reported a profit of USD2.26 billion from EUR1.13 billion as of June 30, 2022 and marking a 99 percent increase.

Ebitda reached USD2.88 billion from USD1.43 billion in H1 2022, up 101% and with Ebitda margin of 35% from 28%.

TIM gives up 3.1 percent after approving its financial report as of June 30 on Wednesday reporting results "fully in line with the targets for fiscal year 2023 that were communicated to the market last February," the company points out.

In the first half of the year, TIM explains, the group posted a loss of EUR813 million, worsening from a loss of EUR483 million in the same period last year. The figure, TIM points out, "reflects the negative effect of net nonrecurring charges of EUR437 million, up from EUR287 million in the first half of 2022."

Total group revenues stood at EUR7.84 billion, up 2.8 percent from EUR7.55 billion in H1 2022.

Ferrari - in the red by 1.1 percent - said it reported very good half-year results, so much so that it decided to revise upward its full-year guidance.

In detail, net revenues came in at EUR2.90 billion, up 17 percent from EUR2.47 in the same period last year.

Adjusted net income stood at EUR631 million from EUR490 million as of June 30, 2022, up 29%.

On the Mid-Cap, Datalogic -- in the red by 3.3 percent -- reported half-year profit of EUR12.1 million down from EUR8.8 million reported in the first half of 2022.

Consolidated revenues of EUR298.0 million were down 5.3 percent from EUR314.6 million achieved in the first half of 2022, with declines in all geographies. At constant exchange rates, sales performance is down 5.0 percent.

Safilo Group gives up 5.1% and ends up at the bottom. On Wednesday it reported sales of EUR550.1 million in the first half of the year from EUR570.9 million in the same period a year earlier.

Group adjusted net income as of June 30 was EUR6.9 million from EUR33.7 million a year earlier.

Technogym -- down 0.8 percent -- ended the half-year with consolidated net income of EUR28.4 million compared to EUR23.4 million in the same period a year ago. Adjusted group profit was EUR28.1 million, up EUR3.1 million from EUR25.0 million in the first half of 2022.

Revenues were EUR370.0 million from EUR325.2 million in the first six months of 2022.

Tinexta does best with 4.7 percent after approving its half-year financial report as of June 30, which closed with a net profit of EUR45.4 million compared to EUR14.2 million in the same six months of 2022.

First-half revenues amounted to EUR182.5 million, up 8.6 percent from last year, with all business units making a positive contribution to growth.

On the Small-Cap segment, FNM is not yet trading. The board of directors reviewed and approved Wednesday the condensed interim consolidated financial statements as of June 30, reporting adjusted net income of EUR33.8 million, up from EUR29.8 million in the same period of 2022.

Revenues amounted to EUR301.6 million up from EUR294.0 million.

doValue nears the top, up 2.4 percent after approving Wednesday its half-year financial report as of June 30 reporting net income excluding nonrecurring items of EUR16.9 million down from EUR23.3 million in the first half of 2022.

Net revenues amounted to EUR208.0 million down from EUR237.9 million in the same period last year.

Somec - in the green by 1.0 percent - reported Thursday two new orders from its subsidiary Mestieri Srl, the parent of the division "Mestieri: design and creation of custom interiors," worth a total of EUR10 million.

The EUR9.3 million portion of the consideration agreed upon closing was paid in full in cash and using available resources.

Among SMEs, EdiliziAcrobatica opens up 0.3 percent after announcing Thursday that the first half ended with consolidated revenues of EUR78.6 million, up 5.7 percent from the same period a year earlier when they were EUR74.4 million.

Farmacosmo -- which does not yet trade -- and Laboratorio Farmaceutico Erfo -- in the green by 1.5 percent -- announced Thursday that they have signed a binding agreement to acquire all of the share capital of FRCM1 Srl owned by MP Holding Srl traceable to Maria Palomba. The company owns the FarmaWoW Portal, an e-commerce company specializing in the Pharma&Beauty sectors with more than 43,000 references in its catalog.

The company reported revenues of about EUR750,000 in the first six months of the year, Ebitda of about 3 percent and NFP essentially zero.

The deal involves the sale of 100 percent of the capital of FRCM1 for a consideration of EUR310,000.

In Asia, the Nikkei closed 1.6 percent in the red at 32,59.28, the Hang Seng dropped 0.3 percent to 19,452.39, and the Shanghai Composite closed 0.6 percent in the green at 3,280.46.

In New York on Wednesday, the Dow Jones closed down 1.0 percent to 35,282.52, the S&P gave up 1.4 percent to 4,513.39, while the Nasdaq left 2.2 percent on the sidelines at 13,973.45.

Among currencies, the euro changed hands at USD1.0936 versus USD1.0935 in Wednesday's closing European equities while the pound was worth USD1.2717 from USD1.2700 on Wednesday evening.

Among commodities, Brent crude is worth USD82.93 per barrel versus USD83.36 per barrel at Wednesday's close. Gold, meanwhile, trades at USD1,934.79 an ounce from USD1,970.85 an ounce on Wednesday evening.

On Thursday's economic calendar, the composite and purchasing managers' indices for the services sector in Spain, France, Italy, Germany, the Eurozone and the United Kingdom are published from 0915 CEST to 1030 CEST.

In detail, retail sales are released at 1000 CEST in Italy.

At 1100 CEST the producer price index for the Eurozone is released.

At 1300 CEST the Bank of England's decision on interest rates is expected.

Overseas, at 1430 CEST come the continuing unemployment claims, while at 1545 CEST it is the turn of the composite PMI and purchasing managers' index data for the services sector.

Among the companies listed in Piazza Affari, results from Ariston Holding, Banca Monte dei Paschi di Siena, BFF Bank, Buzzi Unicem, illimity Bank and Salvatore Ferragamo, among others, are expected.

By Chiara Bruschi, Alliance News reporter

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