(Alliance News) - Piazza Affari is expected to fall ahead of Wednesday's start of trading on another day marked by incoming macro events from the eurozone.
The FTSE Mib is given down 80.0 points or 0.2 percent by futures, after closing up 0.5 percent at 34,938.90 Tuesday.
In Europe, London's FTSE 100 is given down 3.8 points or 0.1 percent, Paris' CAC 40 is shown in the red 24.7 points or 0.3 percent and Frankfurt's DAX 40 is expected down 72.2 points or 0.4 percent.
In Milan last night, the Mid-Cap gained 0.2 percent to 48,271.21, the Small-Cap gave up 0.1 percent to 28,593.81 and the Italy Growth rose 0.1 percent to 8,006.97.
On Piazza Affari's largest-capitalization list, among the bullish, Telecom Italia did best of all, up 4.1 percent to EUR0.2539, in its third consecutive bullish session.
Strength also on A2A, which closed up 1.7 percent, rearing its head after four bearish sessions, at EUR2.19 per share.
Assicurazioni Generali -- up 1.8% -- announced Tuesday a buyback offer for three series of subordinated bonds with maturity or first call between 2025 and 2026, for a total amount of up to EUR500.0 million.
The repurchase offer includes three different series of bonds: the first with a nominal value of EUR1.50 billion and a rate of 4.596 percent; the second, with a nominal value of EUR1.00 billion and a rate of 4.125 percent, has maturity set for May 2026; and the third, with a value of GBP350.0 million, has a rate of 6.269 percent and a first call scheduled for June 2026.
At the same time, the company will proceed with the issuance of new Tier 2 subordinated bonds, also for a maximum amount of EUR500.0 million, with scheduled maturity in 2035 and denominated in green, as part of its EUR15 billion Euro Medium Term Note Program.
Iveco Group--up 1.7 percent--reported that ownership of Magirus and its firefighting subsidiaries has been transferred to Mutares SE & Co. KGaA under the terms of the agreement described in March last year.
Eni, meanwhile, closed up 0.2 percent with price at EUR13.66 per share. On the stock it is reported that Morgan Stanley downgraded the rating to 'equal weight' from 'overweight' and cut the target price to EUR15.00 from the previous EUR17.00.
Among the bearish, list minority, Buzzi left 1.3 percent on the parterre, after two sessions of rises in which it accumulated an asset of about 5 percent.
On the Mid-Cap, strength on Technoprobe, which took home a gain of 7.5 percent to EUR6.59 per share.
The company Tuesday made it known that it had received notice from controlling shareholder T-PLUS that it had entered into a binding agreement to sell Technoprobe shares, amounting to 2.5 percent of the latter's share capital, to Advantest Europe, a wholly owned subsidiary of Advantest Corporation a leading designer and manufacturer of automated test equipment.
Following the sale of 2.5 percent of Technoprobe shares, T-PLUS will hold a 57.96 percent stake in the company's share capital and 70.47 percent of the voting rights.
Fincantieri, on the other hand, rose 4.7 percent to EUR7.38 per share, at a new 52-week high.
Webuild - in the red by 1.8 percent - announced Monday the opening to the public of the Orange Line - Line 3 - of the Riyadh Metro, part of one of the World's largest urban mobility infrastructure projects. The 41-kilometer line is the most extensive driverless metro network in the Saudi capital, which opened last November. Five strategic stations are now operational, including Al-Naseem Station, a transfer point with the Purple Line.
GVS closed down 1.9 percent, breaking a six-session bullish cycle.
On the Small-Cap, Bestbe Holding took home more than 10 percent, in its third bullish session with share price at EUR0.43 per share.
Sabaf's stock, on the other hand, appreciated 4.0%, closing at EUR15.70 per share.
Geox rose 0.2% after the Moretti Polegato family advanced the company a EUR30 million check, corresponding to the first tranche of the capital increase planned by June. This emerges from documentation released by the Montebelluna-based footwear group to illustrate the commitments of the safe LIR, the main shareholder with 71 percent.
At the back of the pack, Eurotech depreciated 5.9 percent to EUR1.06 per share, the subject of profit-taking after a six-session bullish streak.
KME Group closed down 0.8 percent after announcing Monday that its subsidiary KME has completed the acquisition of 100 percent of Blackhawk Holding. The latter is a German holding company that wholly owns Sundwiger Messingwerk, a company active in semi-finished rolled bronze products and a manufacturer of semi-finished rolled brass products.
Among SMEs, sales on Ambromobiliare, which gave up 9.8 percent to EUR1.42, the subject of profit-taking after eight sessions of major gains.
Askoll EVA, on the other hand, gave up 7.6 percent, on its third session in negative balance.
Farmacosmo, on the other hand, gained 5.7 percent, in the EUR0.78 area, on its third bullish session.
Franchetti, on the other hand, took home 4.4%, threading its third closed session with bullish trend.
In Asia, the Nikkei closed down 0.3 percent at 39,981.06, the Shanghai Composite was up slightly at 3,230.17 and the Hang Seng was 1.0 percent in the red at 19,263.50.
In New York on Tuesday, the Dow closed down 0.4 percent to 42,528.36, the Nasdaq gave up 1.9 percent to 19,489.68 and the S&P 500 lost 1.1 percent to 5,909.03.
Among currencies, the euro changed hands at USD1.0342 against USD1.0367 in Tuesday's European equities close. The pound is worth USD1.2480 from USD1.2490 last night.
Among commodities, Brent crude is worth USD77.39 per barrel from USD76.70 per barrel at Tuesday's close. Gold trades at USD2,652.73 an ounce from USD2,651.80 an ounce Tuesday evening.
Wednesday's macroeconomic calendar includes, at 1100 CET, for the Eurozone, consumer and business sentiment, as well as producer price data.
At 1300 CET, from the U.S., it will be the turn of the mortgage rate report, followed at 1430 CET by unemployment benefit claims.
At 1630 CET will be the crude oil stocks data, while in the evening, at 2000 CET, the minutes of the latest FOMC meeting will be published.
Among the companies in the Piazza Affari, no particular event is scheduled.
By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter
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