(Alliance News) - Major European stock markets continued a bullish course on Tuesday, following the release of construction PMIs in major Old Continent countries.
In Italy, according to the S&P Global survey, the construction sector contracted for the first time -- to 48.5 from 50.3 in March -- after six months of growth. In the eurozone, the index for the construction sector in April fell to 41.9 from 42.4 in March, signaling a sharp and accelerating decline in total construction activity across the eurozone.
Thus, the FTSE Mib is up 1.1 percent to 34,353.89, the Mid-Cap rises 0.4 percent to 47,844.87, the Small-Cap advances 0.9 percent to 29,240.36, while Italy Growth is in the red 0.2 percent to 8,238.24.
In Europe, Paris' CAC 40 is in the green by 0.3 percent, London's FTSE100 is up 0.9 percent, and Frankfurt's DAX 40 is up 0.6 percent.
On the Mib, Campari takes the top spot with a 5.4% rise after the accounts. The company reported Tuesday that it closed the first quarter with a pre-tax profit of EUR145.0 million from EUR133.6 million as of March 31, 2023.
Net sales amounted to EUR663.5 million from EUR667.9 million in Q1 2023.
STMicroelectronics follows, up 3.8 percent while UniCredit advances 3.3 percent after announcing Tuesday that it closed the first quarter with net income of EUR2.6 billion, up about 24 percent from EUR2.1 billion as of March 31, 2023.
Net revenues stood at EUR6.4 billion, up 7.0 percent from the first quarter of 2023, when they were EUR5.9 billion. This performance was supported by an interest margin of EUR3.6 billion from one of EUR3.3 billion and fees of EUR2.1 billion from EUR2.0 billion.
Amplifon is confirmed in the high quarters -- gaining 2.6 percent -- after the board of directors on Monday approved its interim report for the quarter ended March 31, which closed with a net profit on a recurring basis of EUR35.7 million, up 2.2 percent from EUR34.9 million reported in the first quarter of 2023.
Following the release of the quarterly report, Banca Monte dei Paschi di Siena rose 0.4 percent. The company reported net income of EUR332.7 million in the first quarter of the year, up 41 percent from EUR235.7 million as of March 31, 2023.
Total revenues were EUR1.01 billion, up 15 percent from EUR878.9 million in Q1 2023. Net interest income as of March 31 is EUR587 million, up 16 percent from EUR504.5 million in 2023.
On the Mid-Cap, Iren ends up on the bottom and gives up 3.8 percent following news this morning of the arrest of CEO Paolo Emilio Signorini, who was involved in the investigation that brought Liguria Governor Giovanni Toti under house arrest. Nine in all, writes Il Sole 24 Ore, are the people subject to precautionary measures.
Anima Holding -- in the green by 3.2 percent at the top of the list -- said Monday that its board of directors approved the consolidated interim report as of March 31 and a new EUR40 million buyback program. Thus, in the first quarter, the group posted a profit of EUR52.9 million, up 75 percent from EUR30.2 million in the first quarter of 2023. The consolidated results, the company says, include the contribution of Castello SGR, acquired in July 2023.
Webuild - in the red by 0.5 percent - disclosed that it has submitted a pro bono project, with its U.S. subsidiary Lane, to rebuild Baltimore's Francis Scott Key Bridge, which collapsed last March causing the loss of numerous lives and severing a vital link between the city's port and the Atlantic Ocean.
On the Small-Cap, Gas Plus rises 0.4 percent after reporting Monday that US. Fin, a company owned by CEO, Davide Usberti, purchased 960,664 shares of the company's common stock.
The shares were taken over at an average unit price of EUR2.40, for a total consideration of EUR2.3 million.
Greenthesis, down 0.5 percent, on Monday reported that Cerved Rating Agency -- an Italian rating agency specializing in assessing the creditworthiness of non-financial companies and evaluating the sustainability degree of economic operators -- raised the company's public credit rating, which was already in the "Investment Grade" range, from B1.2 to B1.1.
Guglielmo Marconi Airport in Bologna is in the red by 0.7 percent. The company reported Monday that there were 980,834 passengers in April, up 12 percent year-on-year.
Safilo Group gives up 0.2 percent. The company announced Thursday that it has signed a perpetual license agreement with Authentic Brands Group for Eyewear by David Beckham, replacing the previous contract that expires at the end of 2030. Under the new agreement, Safilo will continue to manage the entire value chain, from the design phase, a creative process led by David Beckham, to production and global distribution.
Among SMEs, Arterra Bioscience gives up 2.9 percent. The company on Monday reported that in the first quarter of the year it increased turnover by 26 percent to EUR1.1 million from EUR862,870 as of March 31, 2023.
SolidWorld Group--green by 3.4 percent--announced Tuesday that it has signed a binding agreement to fully acquire Due Pi Greco Srl, a company based in Resana, Treviso, that specializes in product design, engineering, additive manufacturing, and 3D printing of high-performance industrial components.
The price, set at EUR700,000, will be paid to the selling shareholders partly in cash and partly through the allocation of SolidWorld Group shares resulting from a reserved capital increase or, alternatively, through the transfer of treasury shares already held in the company's portfolio. The transaction is expected to be finalized by 2024.
Simone rises 8.1 percent after it reported Tuesday that it closed fiscal year 2023 with a profit of EUR1.2 million up from EUR737,000 a year earlier.
Production value amounted to EUR18.9 million from EUR16.5 million in 2022, up 15 percent, thanks to strong growth in the professional legal segment.
In Asia, the Nikkei closed up 1.6 percent, the Hang Seng finished 0.5 percent in the red, and the Shanghai Composite closed up 0.2 percent.
In New York on Monday, the Dow closed in the green 0.5 percent to 38,852.27, the Nasdaq rose 1.2 percent to 16,349.25 while the S&P 500 finished up 1.0 percent to 5,180.74.
Among currencies, the euro changed hands at USD1.0757 from USD1.0778 on Monday in European equities closing while the pound was worth USD1.2537 from USD1.2573 on Monday evening.
Among commodities, Brent crude is worth USD83.38 a barrel from USD83.47 a barrel Monday evening and gold trades at USD2,313.98 an ounce from USD2,322.79 an ounce Monday evening.
Tuesday afternoon's macroeconomic calendar features the EIA's short-term energy estimates while, at 2230 CEST, the day closes with data on weekly U.S. oil inventories.
By Chiara Bruschi, Alliance News reporter
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