(Alliance News) - European stock markets-according to the futures market-are set for an upbeat opening Tuesday after the rally in the dollar and global bond yields appears to be slowing, allowing risk assets to recover.

Still, investors are showing caution ahead of key U.S. inflation data, which could influence the outlook for the Federal Reserve's monetary policy. In Europe, however, attention will focus on Italy's November industrial production data.

Thus, the FTSE Mib-after closing 0.8 percent in the red at 34,799.27 last night-is marking a green of 282.50 points.

In Europe, London's FTSE 100 is floating just above parity, Frankfurt's DAX 40 is advancing 107.70 points, and Paris' CAC 40 is marking a gain of 72.30 points.

Among the smaller lists last night, Mid-Cap lost 1.0 percent to 46,784.92, Small-Cap gave up 1.2 percent to 27,993.27, while Italy Growth gave up 0.8 percent to 7,922.13.

On Piazza Affari's largest-capitalization list last night, Amplifon did best of all, up 2.4 percent. The company on Thursday announced that it had completed the acquisition of the entire capital of MagicSon and Sonar, Turin-based companies that own a total of 27 hearing centers in Piedmont and Valle d'Aosta.

Tenaris also did well, up 1.0 percent, while Eni rose 0.9 percent and Saipem was on parity.

Moncler rose 0.6 percent, while Brunello Cucinelli closed in the green by 0.1 percent. The company on Monday reported preliminary operating data for fiscal year 2024 with revenues of EUR1.28 billion, registering 12 percent growth at current exchange rates compared to EUR1.14 billion in 2023.

The fourth quarter set an all-time record with revenues of EUR358.0 million, 12 percent higher than the EUR321.0 million in the same period last year.

Among the bearish, Nexi, down 3.9 percent, sat on the bottom. "Negative day for Nexi, which also reflects the weakness of its competitors, but in the meantime it can be said that two years ago Intesa Sanpaolo saw it right. In November 2022 it exited the Italian electronic payments leader, which it had accompanied to the stock market, selling 5.1 percent of its capital for EUR584 million. Since then, in Piazza Affari, the stock has lost 41 percent," wrote Alliance News columnist Francesco Bonazzi.

"Over the past year, the drop has been 28 percent and capitalization has fallen to EUR6.3 billion. It has fared worse for the French giant Worldline, which has left 42.6 percent on the street in the past 12 months and today loses 4.4 percent to EUR7.48 per share, with a capitalization of EUR2.1 billion. As early as the spring of two years ago, the U.S. saw its first decline in credit card use for years. But the downward trend in rates, while slowing, should encourage the use of electronic payments."

"Italy lags historically on this, given its merchants' traditional attachment to cash, but it is catching up nonetheless. Data from the Milan Polytechnic's Innovative Payments Observatory for the first half of 2024 recorded a 15.6 percent increase in the number of transactions."

Among midcaps, Fincantieri gave up 3.1 percent. The company and Hera -- in the red by 0.2 percent on the Mib -- announced Monday the establishment of CircularYard, the newco aimed at creating, in Fincantieri's eight Italian shipyards, an innovative integrated waste management system, also aimed at their valorization with a view to the circular economy. "In the future, it is planned to expand the newco's operations to other Fincantieri sites located abroad," the note reads.

The corporate structure of CircularYard is 60 percent owned by Hera Group and 40 percent by Fincantieri.

LU-VE gave up 2.5 percent. The company reported on Monday its results as of December 31, 2024, reporting performance "in line with expectations," the note specified.

Revenues from products in the fourth quarter 2024 stood at EUR148.2 million, showing a 1.0 percent increase over the same period 2023 and a 5.9 percent increase over the previous third quarter. Excluding the contribution of the heat pump business, quarterly revenues show a 2.3 percent growth.

Iren gave up 0.6 percent. The company announced Friday that it had finalized the acquisition of control of Egea Holding, raising its stake to 52.8 percent of the share capital.

The transaction, announced in November, was completed after Antitrust and Golden Power clearances were obtained.

Among the bullish performers were d'Amico, Sesa and Anima Holdin, up between 3.4 percent and 0.8 percent.

On the Small-Cap, Piquadro - down 1.0 percent - reported Monday that it closed the first nine months with revenues up 2.4 percent year-on-year to EUR134.6 million from EUR131.5 million in the same period a year earlier.

BasicNet -- in the red by 2.1 percent -- reported Thursday that the Kappa brand and football club AS Monaco had unveiled an exclusive uniform developed in collaboration with Parisian haute couture brand KOCHÉ.

Bestbe Holding was the list's best performer, up 12 percent.

Among SMEs, Simone-not affected by trading-announced Monday a strategic investment in Artificial Intelligence through a Subscription Agreement for Future Equity with Onepix Academy, an innovative start-up specializing in the development of advanced chatbots.

The agreement calls for a minimum 10 percent stake in Onepix Academy, with the exact share to be determined by the entry of future investors.

Nusco--which did not trade--reported Monday that Nusco Imobiliara, a company active in the development and management of real estate projects in Romania, has invested EUR42 million in the construction of the first Hyatt-branded hotel.

Pozzi Milano rose 2.1 percent after it reported Monday that it has acquired new orders for the Mexican market, with a total value of about EUR1.5 million, which follow and renew those concluded last January 2024.

In New York, the Dow closed ahead 0.9 percent, the Nasdaq gave up 0.4 percent, and the S&P 500 picked up 0.2 percent.

In Asia, the Shanghai Composite marked a 2.5 percent green, the Hang Seng was in the green by 1.9 percent, while the Nikkei gave up 1.8 percent.

Among currencies, the euro changed hands at USD1.0262 versus USD1.0199 at Monday's European equities close. In contrast, the pound is worth USD1.2215 from USD1.2225 on Monday evening.

Among commodities, boost on oil with Brent crude worth USD80.47 per barrel from USD81.38 per barrel on Monday's European stock close. Gold trades at USD2,668.79 an ounce from USD2,682.65 an ounce Monday evening.

On Tuesday's economic calendar in Europe, the government budget is released at 0845 CET in France, while at 1000 CET in Italy it is the turn of industrial production data.

An hour later is the result of the ZEW survey of sentiment in the German and Eurozone economies.

At 1200 CET, China releases M2 money supply data.

Overseas in the US, at 1430 CET, data on the producer price index are expected.

Among the companies listed in Piazza Affari, the results of Gibus are expected.

By Maurizio Carta, Alliance News reporter

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