(Alliance News) - European stock markets continued on a bullish path Monday, with the sole exception of Paris, after a tumultuous week that saw a sharp global decline followed by a sharp rebound.

Investors await U.S. inflation data this week to assess the path of monetary policy, with trading rooms divided not over whether, but rather what the size of the Fed's September cut will be.

On Tuesday, in fact, data on producer inflation will be released, and on Wednesday, data on consumer inflation. Last week, the dollar slumped to seven-month lows as the weakness of the July jobs report fueled fears of recession in the United States, and markets speculated about an emergency cut by the Federal Reserve.

The yen's rally, fueled by government interventions and Bank of Japan rate hikes, also exacerbated the dollar's decline. However, sentiment stabilized following U.S. economic data that eased fears of a recession, causing the dollar to recoup much of last week's losses.

Markets also scaled back bets on Fed rate cuts, although expectations of total easing of more than 100 basis points this year remained intact.

The FTSE Mib, thus, is marking a 0.4 percent green at 31,892.06.

In Europe, London's FTSE 100 is up 0.3 percent, Paris' CAC 40 is the only one in the red giving up 0.1 percent, while Frankfurt's DAX 40 is up 0.1 percent.

Among the smaller lists, the Mid-Cap advances 0.3% to 45,061.06, the Small-Cap advances 0.2% to 27,965.88, and Italy Growth is in the green 0.4% to 7,870.74.

On the Mib, Saipem pushes ahead 1.8% with price at EUR2.01 per share, up after two sessions closed among the bearish and best on the list since the bell rang.

Good buying also on Banca Mediolanum, which advances with 1.5% to EUR10.24, on the heels of the previous session's 2.0% green. Of note, Jefferies cut its target price to EUR13.10 from EUR10.90.

Interpump, on the other hand, advances 1.2 percent, after a 0.3 percent negative balance on Friday night and with new price at EUR37.46 per share.

Mediobanca trades up 0.4 percent. It is worth mentioning that Jefferies increased the target price to EUR14.80 from EUR12.60 with 'hold' recommendation.

Poste Italiane - down 0.3 percent - reported that it bought 710,802 of its own shares in the period from August 7 to August 9. The average price per unit was EUR11.78, with a total value of EUR8.3 million.

Also come on Brunello Cucinelli, which marks minus 1.3 percent after three sessions closed with a bullish candle.

On the cadet segment, Tinexta moves ahead by 2.7 percent, following up on Friday night's 0.5 percent green that broke a six-session downtrend.

Anima Holding, on the other hand, advances 2.0%, with the company proceeding steadily with its buyback plan. Most recently, it reported on Friday that - in the week of Aug. 5 to Aug. 9 - it purchased treasury shares worth about EUR1.7 million.

Ariston Holding -- up 0.6 percent -- announced on Friday that it had purchased 686,712 of its own ordinary shares at an average price of EUR3.6448 for a total consideration of EUR2.5 million. The transactions were carried out between August 2 and August 9.

Technoprobe is rallying 1.0%, rearing its head after two bearish candles. Of note, on the stock Beremberg cut its target price to EUR7.30 from EUR7.50.

Among the bearish, minority also in this list, is closing Industrie de Nora, which is giving up 1.9 percent after a 2.0 percent green on Friday night. Citadel Advisors on Friday raised its short on the stock to 0.54 percent from 0.47 percent.

On the Small-Cap, Abitare In shows a 3.5% bullish candle at EUR4.50 per share after Friday's 2.0% decline.

Advancing well is Fidia, which is advancing 1.2%, turning upward after a nine-session downtrend.

Also doing well is Il Sole 24 Ore, which is posting a plus 2.3 percent, after last session's 0.6 percent green.

On the backside, Enervit is giving up 4.0% to EUR3.11 per share, on its third bearish candle.

Among PMIs, expert.ai is advancing 7.3%, following up the previous session's 3.2% green.

High Quality Food advances 4.2%, with new price at EUR0.70.

Bellini Nautica, on the other hand, advances 1.4% to EUR3.00, following up the previous three bullish sessions and with high touched at EUR3.10.

Cloudia Research, on the other hand, retreats 5.0%, subject to profit taking after four sessions of gains.

Gismondi 1754, on the other hand, is giving up 4.1%, subject to profit taking after eight sessions closed among the bearish.

In New York, the Dow gained 0.1%, while the Nasdaq advanced 0.5% as did the S&P 500.

In Asia, the Hang Seng rallied 0.1 percent, the Shanghai Composite gave up 0.1 percent, while the Nikkei was closed for holidays.

Among currencies, the euro changed hands at USD1.0926 versus USD1.0924 in Friday's European stock close while the pound was worth USD1.2759 from USD1.2769 on Friday evening.

Among commodities, Brent crude is trading at USD80.30 per barrel versus USD79.42 per barrel at Friday's close. Gold, on the other hand, trades at USD2,442.91 an ounce from USD2,428.60 an ounce on Friday evening.

On Friday's macroeconomic calendar, the monthly OPEC report will be released at 1300 CEST.

In contrast, an auction of 3- and 6-month US Treasury bonds is scheduled at 1730 CEST.

On the corporate calendar, no special events are scheduled.

By Maurizio Carta, Alliance News reporter

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