(Alliance News) - European stock markets opened lower on Monday, with bond yields rising and expectations of a rate cut by the Fed dwindling, causing trading rooms to lean toward the 'sell' side.
In Milan, 16% of stocks are up, 22% down, 5% unchanged, while 57% of stocks are still not trading. The counter value of the trades is just under EUR263 million.
The FTSE Mib, thus, moves in the red by 0.6 percent to 34,885.18.
In Europe, London's FTSE 100 is giving up 0.3 percent, while Paris' CAC 40 is giving up 0.5 percent as is Frankfurt's DAX 40.
Among the smaller listings, the Mid-Cap is in the red 0.8 percent to 46,868.78, the Small-Cap is down 0.6 percent to 28,169.45, and Italy Growth is giving up 0.2 percent to 7,968.60.
On the Mib, good start for BPER Banca, which is up 1.2% at EUR6.34 per share, looking for its third daily bullish candle.
Eni, on the other hand, advances 0.7 percent, continuing uninterruptedly the bullish trend that began on Dec. 27.
STMicroelectronics, on the other hand, is giving up 3.0% to EUR23.32 per share, in its tenth consecutive session in negative balance.
Ferrari, on the other hand, is giving up 1.2%, with the Cavallino stock in its fifth session with a bearish candle.
Tenaris, on the other hand, falls 0.1 percent, with the company continuing with its buyback plan. It last reported that it bought back its own ordinary shares between January 6 and 10 for a total value of EUR13.8 million.
On the MidCap, Sesa moves ahead 1.4 percent to EUR58.90, rearing its head after two bearish sessions.
Iren - in the green by 0.1 percent - announced Friday that it had finalized the acquisition of control of Egea Holding Spa, 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.
Anima Holding -- in the green by 0.5 percent -- reported Friday that December net inflows amounted to EUR111 million, bringing the 2024 total to EUR775 million. Open-end funds posted positive EUR310 million for the month and negative EUR445 million for the year. Ex-Ramo I individual asset management saw a negative December of EUR199 million and a positive year of EUR1.22 billion.
Technoprobe, on the other hand, is giving up 1.7 percent, with price in the EUR5.88 per share area, in its seventh bearish session.
De Longhi, on the other hand, is marking minus 2.0% at EUR28.42 per share, in its fifth bearish session.
On the SmallCap, Bialetti comes out on top of the list, advancing 4.4 percent, after two sessions on the downside.
Gas Plus, on the other hand, marks a 5.0 percent gain at EUR3.39 per share. The stock on the MarketScreener platform-rated by a single analyst-shows a target price of EUR5.60, showing itself underpriced by about 73 percent.
Industrie de Nora, on the other hand, is giving up 1.3 percent to EUR7.18 per share. On the stock it is reported that Jefferies cut its target price to EUR8.00 from EUR9.00 previously.
Somec, on the other hand, gives up 3.0 percent to EUR11.35 per share, raising its oars after eight sessions of gains.
Among SMEs, AATECH is giving up 4.1 percent to EUR0.70 per share, on its third bearish daily candle.
Frendy Energy, meanwhile, is giving up 3.6 percent to EUR0.27 per share, the subject of profit taking after after four bullish sessions in which it rose more than 51 percent.
On the upswing is Eprcommunication, which scores a plus 4.6 percent after four bearish sessions.
Cloudia Research, meanwhile, is picking up 3.7 percent, on its third bullish session with nuvo price at EUR1.15 per share.
In New York on Friday evening, the Dow closed down 0.6 percent, the Nasdaq gave up 1.6 percent, and the S&P 500 left 1.5 percent on the parterre.
Among Asian exchanges, the Tokyo Stock Exchange was closed for Elders' Day, the Hang Seng marked a minus 1.0 percent while the Shanghai Composite closed down 0.3 percent.
Among currencies, the euro changed hands at USD1.0217 against USD1.0228 at Friday's European stock close. In contrast, the pound is worth USD1.2139 from USD1.2195 on Friday evening.
Among commodities, Brent crude is worth USD81.56 per barrel from USD75.70 per barrel at Friday's European stock close. Gold trades at USD2,686.55 an ounce from USD2,720.61 an ounce Friday night.
Monday's macroeconomic calendar includes, at 1700 CET from the US, the release of consumer inflation expectations.
The day closes at 2000 CET, also from the U.S., with the federal budget balance.
Among the companies in Piazza Affari, the results of Brunello Cucinelli, CleanBnB and LU-VE are expected.
By Maurizio Carta, Alliance News reporter
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