(Alliance News) - Piazza Affari closed bullish Tuesday, raising the point bar to the 34,900-point area after a start in bearish territory that lasted a few hours after the opening bell.
Among the day's data, inflation in the Eurozone rose last month. Consumer prices rose 2.4 percent in December compared to the same month a year earlier, up from 2.2 percent in November and in line with expectations. This increase was mainly fueled by energy costs, which rose for the first time since July, Eurostat reported.
On the domestic side, inflation in Italy remained at the same level seen in the previous month in December, Istat reported Tuesday. Consumer prices in Italy rose 1.3 percent year-on-year in December after rising at the same pace in November.
As a result, the FTSE Mib closed up 0.5 percent to 34,938.90, the Mid-Cap rallied 0.2 percent to 48,271.21, the Small-Cap gave up 0.1 percent to 28,593.81, and Italy Growth advanced 0.1 percent to 8,006.97.
In Europe, London's FTSE 100 fell 0.1 percent, while Paris' CAC 40 rose 0.6 percent, as did Frankfurt's DAX 40.
On the highest-capitalization list in Piazza Affari, among the bullish, Telecom Italia did best of all, rising 4.1 percent to EUR0.2539, on its third consecutive bullish candle.
Strength also on A2A, which closed in the green by 1.7 percent, rearing its head after four bearish sessions at EUR2.19 per share.
Assicurazioni Generali -- in the green by 1.8 percent -- 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 green by 1.7 percent - reported that ownership of Magirus and its firefighting equipment subsidiaries has been transferred to Mutares SE & Co. KGaA under the terms of the agreement described in March last year.
Eni, meanwhile, closed in the green by 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 7.5 percent green at EUR6.59 per share. The company Tuesday made it known that it had received notice from controlling shareholder T-PLUS that it had signed 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 price at EUR0.43 per share.
Sabaf 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, picked up 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 New York, the Dow is picking up 0.1 percent, the Nasdaq has given up 1.1 percent, while the S&P 500 is stepping back 0.5 percent.
Among currencies, the euro changed hands at USD1.0367 against USD1.0394 in Monday's European equities close. The pound is worth USD1.2490 from USD1.2523 on Monday evening.
Among commodities, Brent crude is worth USD76.70 per barrel from USD76.80 per barrel at Monday's close. Gold trades at USD2,651.80 an ounce from USD2,651.06 an ounce on Monday evening.
Wednesday's macroeconomic calendar includes at 0800 CET the release of the factory orders figure in Germany, while at 1100 CET from the Eurozone it will be the turn of consumer and business sentiment, as well as the producer price figure.
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 companies, no particular event is scheduled.
By Maurizio Carta, Alliance News reporter
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