(Alliance News) - On Tuesday, European stock markets are trading in positive territory.
On the macroeconomic front, the seasonally adjusted unemployment rate in the Eurozone stood at 6.4% in October, matching the revised figure for September and slightly above market expectations of 6.3%.
In Italy, according to preliminary data released by Istat on Tuesday, unemployment dropped to 6.0% from 6.2% in September. The employment rate is 27.7%, down from 62.6% the previous month.
The Mib is up 0.6% at 43,520.46, the Mid-Cap rises 0.1% to 58,461.09, the Small-Cap gains 0.2% to 35,795.14, while the Italia Growth slips 0.1% to 8,451.90.
Other European bourses are also positive: the CAC 40 is up 0.3%, the DAX 40 gains 0.6%, and the FTSE 100 rises 0.4%.
At Piazza Affari, Mediobanca--up 0.4%--held an extraordinary shareholders' meeting behind closed doors yesterday with the designated representative, approving almost unanimously the statutory amendments ratifying the transfer of control to MPS following September's OPAS.
Monte dei Paschi di Siena, down 1.0%, now holds 86.3% of the share capital; 89.693% was represented at the meeting, with 99.999% of votes in favor.
Additionally, Banca Monte dei Paschi di Siena confirmed its solid capital position, having received the European Central Bank's final decision on consolidated capital requirements effective from December, following the December 2024 SREP review.
UniCredit--up 1.5%--announced Tuesday that it has purchased 1.0 million of its own ordinary shares at an average price of EUR63.1065 each, for a total of EUR65.9 million.
Intesa Sanpaolo--also up 1.5%--reported it has provided a EUR35 million loan to Yachtline 1618 Spa, a Pisa-based company specializing in the design and production of high-end furnishings for yachts and luxury residences.
Iveco Group--flat at EUR18.5150--announced that its IDV brand, specializing in defense and civil protection vehicles, will supply an additional 658 tactical-logistical trucks to the Italian Army, expanding the original 2024 contract for 1,453 vehicles.
Top gainers include Lottomatica, up 2.4%, while Saipem sees selling pressure, down 2.5%.
On the Mid-Cap, ERG announced it has reached, through its subsidiary Furukraft, an agreement to sign a 10-year Power Purchase Agreement with Skellefteå Kraft, a Swedish municipal energy company and one of the country's leading electricity producers. ERG shares are up 0.6%.
NewPrinces Group--advancing 5.2%--has completed the acquisition of 100% of Carrefour Italia and its subsidiaries, following approval from the European Commission.
ENAV, up 1.1%, has signed, as lead contractor, an agreement with Teledife--Information Technology, Telematics and Advanced Technologies Directorate of the Ministry of Defense--to modernize, by 2032, radar surveillance systems at six Italian Air Force operational bases: Grosseto, Trapani, Gioia del Colle, Istrana, Amendola, and Galatina.
The work will be carried out by a Temporary Business Grouping led by ENAV, with Techno Sky, a wholly owned ENAV subsidiary, and Leonardo.
Banco Desio e Brianza rises 5.2%, while Sanlorenzo sees a 2.5% decline.
On the Small-Cap, Brioschi Sviluppo Immobiliare--up 0.9%--following last week's announcement, stated that its subsidiary Milanofiori Sviluppo has sold all 73,769 units it still held in the Fleurs Fund to certain institutional professional investors.
BasicNet--down 1.6%--has completed the acquisition of the rights to the Woolrich brand for Europe and 100% of Woolrich Europe, the company responsible for its distribution and retail operations.
EPH drops 8.7% to EUR0.38 per share, while I Grandi Viaggi gains 5.6% to EUR2.28.
Among SMEs, ErreDue--up 1.6%--announced it has signed an agreement with JMG Cranes--a global leader in the design and manufacture of battery-powered electric mobile cranes--for the supply of a 1 MW green hydrogen production plant.
Circle, down 1.2%, announced Tuesday that its subsidiary eXyond has been definitively awarded the contract by the Ministry of Infrastructure and Transport--Directorate General for Road Safety and Road Transport--for functional management support services for CCISS--Viaggiare Informati.
GM Leather, down 3.9%, announced that its board has resolved to propose to an extraordinary shareholders' meeting a capital increase of up to EUR4.5 million, including share premium.
The meeting is scheduled for December 19, with the final subscription deadline for the new shares set for June 30, 2026.
On Wall Street last night, the Dow Jones lost 0.9%, the Nasdaq fell 0.4%, and the S&P 500 closed down 0.5%.
In currency markets, the euro is trading at USD1.1605, compared to USD1.1625 at Monday's equity close, while the pound is changing hands at USD1.3193, down from USD1.328 last night.
In commodities, Brent crude is trading at USD63.13 per barrel, down from USD63.20 per barrel at yesterday's close, while gold is valued at USD4,183.24 per ounce, down from USD4,252.58 per ounce on Monday night.
On Tuesday's economic calendar, Italian car registration figures are due at 1800 CET.
By Michele Cirulli, Alliance News Reporter
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