(Alliance News) - Piazza Affari rose slightly in mid-session Tuesday after a series of macro data positively influenced investor sentiment.
In particular, Istat reported that consumer prices in Italy rose 1.3 percent year-on-year in December after rising at the same pace in November.
On average, consumer prices grew 1.0 percent in 2024 from 5.7 percent in 2023.
In another report, the statistics office said Italy's unemployment rate fell to 5.7 percent in November from 5.8 percent in October while the unemployment rate among young people rose to 19.2 percent from 17.8 percent the previous month.
Eurozone annual inflation is expected to stand at 2.4 percent in December, accelerating from 2.2 percent in November, according to a preliminary estimate from Eurostat, the EU's statistical office, released Tuesday.
The FTSE Mib is up 0.1 percent to 34,798.71, the Mid-Cap is in the red 0.2 percent to 48,051.09, the Small-Cap gives up 0.2 percent to 28,586.20 and Italy Growth rises 0.1 percent to 8,006.63.
In Europe, London's FTSE 100 falls 0.2 percent to 8,234.77, Paris' CAC 40 rises 0.5 percent to 7,482.85 and Frankfurt's DAX 40 gains 0.3 percent to 20,278.60.
On the highest-capitalization list in Piazza Affari, among the bullish, Telecom Italia does best of all, up 3.6 percent.
Well Campari, up 1.3%, with 1.7 million changed hands at the turnaround.
Assicurazioni Generali -- on par -- 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 - in the red by 0.3 percent - reported that ownership of Magirus GmbH and its firefighting equipment subsidiaries has been transferred to Mutares SE & Co. KGaA under the terms of the agreement described in March last year.
On the Mid-Cap, Fincantieri rises 3.2 percent and records the sharpest rise, with 790,000 shares traded.
Webuild -- in the red by 1.2 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.
The Riyadh Metro, with six lines covering 176 kilometers, is a model of sustainable mobility in line with the kingdom's Vision 2030. Webuild, which started its operations in Saudi Arabia in 1966, has built this infrastructure along with other significant projects, such as the Kingdom Center in Riyadh and the Shuaibah-3 desalination plant.
On the Small-Cap, Geox rises 0.8 percent 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%.
KME Group gives up 1.5 percent after announcing Monday that its subsidiary KME SE 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.
On the alternative capital market of the Italian Stock Exchange, SolidWorld rises 4.9 percent after announcing a strengthening in the defense business through the start-up of a specific 3D production for the aerospace and military sector, which will enable the group to strengthen its "leadership in the Italian market" and lay "the foundations for international growth."
"A decisive step made possible by the completion of its path toward the creation of an Italian pole of technological excellence that integrates advanced skills and cutting-edge technologies for the defense-aerospace sector," the company specified in a note.
Ambromobiliare and Ubaldi Costruzioni fell, both down more than 10 percent.
In Asia, the Nikkei closed Tuesday up 2.0 percent to 40,105.30, the Shanghai Composite gained 0.6 percent to 3,226.24, and the Hang Seng gave up 1.2 percent to 19,447.58.
In New York on Monday, the Dow closed fractionally in the red at 42,706.56, the Nasdaq gained 1.2 percent to 19,864.98 while the S&P 500 finished up 0.6 percent to 5,975.38.
Among currencies, the euro changed hands at USD1.0422 against USD1.0394 in Monday's European equities close. The pound is worth USD1.2558 from USD1.2523 on Monday evening.
Among commodities, Brent crude is worth USD76.40 per barrel from USD76.80 per barrel at Monday's close. Gold trades at USD2,642.16 an ounce from USD2,651.06 an ounce on Monday evening.
Tuesday's macroeconomic calendar includes the US trade balance in the afternoon at 1430 CET, followed at 1600 CET by the JOLTs new jobs report.
The day closes at 2230 CET with data on US crude oil stocks.
By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter
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