(Alliance News) - European stock markets, including Milan, followed a bearish path in mid-session Tuesday, with economic data showing weakness, as evidenced by the latest data.

The HCOB PMI for the Eurozone manufacturing sector released Tuesday and compiled by S&P Global in July came in below the critical 50.0-point threshold that separates growth from contraction for the 13th consecutive month. At 42.7, the index was down from 43.4 in June and marked the sixth consecutive contraction in the main index. The consensus cited by FX Street was 44.1.

Good news on the Italian labor market. The unemployment rate declined against expectations in June compared to the previous month, as reported by Istat on Tuesday, registering a value of 7.4 percent in June from 7.6 percent in the previous month and not coinciding with market estimates that expected an increase to 7.7 percent.

Thus, the FTSE Mib is down 1.1 percent to 29,315.19.

Mid-Cap is giving up 1.0 percent to 42,484.23, Small-Cap is giving up 0.6 percent to 27,037.04, and Italy Growth is in the red 0.1 percent to 9,066.70.

In Europe, London's FTSE 100 is up 0.1 percent, Paris' CAC 40 is giving up 0.1 percent, and Frankfurt's DAX is marking minus 0.4 percent.

On the highest-capitalization list in Piazza Affari, A2A rises well with 2.5 percent, bringing its price to EUR1.7795 per share on the heels of eve's 1.9 percent gain.

Telecom Italia, meanwhile, advances 1.8 percent on the eve of the release of its half-year accounts.

Nexi, on the other hand, gives up 5.8%, despite a good half-yearly report. normalized group profit of EUR295.0 million with normalized earnings per share of EUR0.22, up 8.0% year-on-year. The company confirmed the guidance that calls for, among other things, normalized earnings per share with more than 10 percent year-on-year growth.

Stellantis, on the other hand, gives up 2.6 percent, with new price at EUR18.15, reversing course after six sessions in the green.

On the Mid-Cap, Brembo does well, moving ahead 1.7 percent. The brake company announced Monday that the share buyback program approved earlier by the shareholders' meeting, for a maximum of EUR144.0 million and a maximum of 8.0 million ordinary shares, will begin on Tuesday, August 1.

Antares advancing by 1.6 percent, although still marking a slight loss on the weekly.

Webuild - up 1.1 percent - reported that it purchased 566,787 of its own ordinary shares between July 24 and 28. The shares were taken over at an average unit price of EUR1.7682, for a total value of EUR1.0 million.

At the back of the pack is Saras, which marks a minus 4.2 percent with price at EUR1.24 after numbers released on Monday for the first half of the year showed profit falling to EUR122.3 million compared to EUR292.5 million in the same period last year.

MutuiOnline, on the other hand, is giving up 2.8 percent, after a 2.0 percent profit on the eve.

Industrie de Nora is also in the rearviews, in the red by 1.7 percent. The company reported Monday that it posted a net profit of EUR46.7 million in the first half of the year, up 18 percent from EUR39.7 million in the same period last year.

On the Small-Cap, Itway - up 2.2 percent - announced Tuesday that it had entered into a strategic partnership with Quest Software, in the area of "Cyber Resiliency."

Boost also on Bioera, which advances 2.0% to EUR0.1040 on the heels of Monday evening's 2% gain.

BasicNet, on the other hand, advances 1.7%, after a 1.6% loss on eve.

Sales on SIT, which steps back 2.0% after 1.7% surplus on eve.

Closing the list is Gabetti, which marks a minus 4.6 percent following up eve's red 1.0 percent.

Among SMEs, Eles advances 2.1% to EUR1.92 on the heels of the publication of its half-year numbers. Consolidated sales revenues of the Eles group, which take into account the acquisition of CBL Electronics and its investee, amounted to EUR14.6 million, up 44 percent from the same period last year.

Doxee, on the other hand, advances 2.8 percent to EUR7.40 per share. Its Austrian subsidiary Doxee CEE, which already holds 90 percent of Infinica, has exercised the first tranche - amounting to 5 percent - of its option to purchase the remaining 10 percent of Infinica's share capital remaining with Herbert Liebl, CEO and managing director of the acquired company, for a consideration of about EUR1.1 million.

Circle, on the other hand, gives up 6.1 percent, to EUR5.35 per share. It should be noted that the stock, since the beginning of 2023, marks an asset that goes over 43 percent.

In New York on European night, the Dow Jones closed in the green by 0.3 percent, while the S&P and Nikkei both advanced 0.2 percent.

Among currencies, the euro changed hands at USD1.0976 versus USD1.1019 in Monday's European stock close while the pound was worth USD1.2816 from USD1.2857 on Monday night.

Among commodities, Brent crude is worth USD84.83 per barrel versus USD85.53 per barrel at Monday's close. Gold, meanwhile, trades at USD1,956.75 an ounce from USD1,970.39 an ounce last night.

On Tuesday's macroeconomic calendar, in the afternoon, from the US is the manufacturing purchasing managers' index at 1545 CEST, followed by the ISM index at 1600 CEST.

By Maurizio Carta, Alliance News senior reporter

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