(Alliance News) - European stock markets trade in the red on Monday, with trading rooms wait-and-see ahead of a busy week of corporate reports and central bank meetings, with expected rate hikes by the Federal Reserve, European Central Bank and Bank of England.

Thus, the FTSE Mib marks a 0.4 percent red at 26,376.60.

In Europe, London's FTSE 100 is in the red by 0.1 percent, while Paris' CAC 40 is giving up 0.6 percent as is Frankfurt's DAX 40.

Among the smaller lists, the Mid-Cap is down 0.4 percent to 43,271.55, the Small-Cap is giving up 0.2 percent to 26,623.56, and Italy Growth is giving up 0.4 percent to 9,602.84.

On the main list of Piazza Affari, DiaSorin is giving way with 1.9 percent, after two sessions ended among the bullish.

Rear-ends, in an almost completely bearish list, also for Moncler, which gives up 1.7 percent, also tacking on after two sessions with a plus sign.

Sales also in the oil sector, with Tenaris giving up 1.4% to EUR16.23 per share.

Eni - down 0.2% - and TotalEnergies have completed the transfer to QatarEnergy of a 30% stake in exploration blocks 4 and 9, off the Lebanese coast. The transfer agreement was signed on Sunday in Beirut, in the presence of Lebanon's Prime Minister Najib Mikati, Lebanon's Minister of Energy and Water Walid Fayad, QatarEnergy's chairman and CEO and Minister of State for Energy Affairs of Qatar Saad Sherida Al-Kaabi, Eni CEO Claudio Descalzi, and TotalEnergies CEO Patrick Pouyanné.

On the bullish side, Telecom Italia moves ahead 3.9 percent after four sessions ended among the bearish.

On the Mid-Cap, Monte dei Paschi di Siena starts ahead 5.3% at EUR2.29. On the Sienese bank's stock it is mentioned that Barclays on Friday upgraded the rating to 'equal weight' with target price at EUR2.40.

The buy side also prevails on Cementir Holding, which shows a green of 2.4 percent. The stock trades at a high volume, with over 135,000 pieces changed hands against a three-month daily average of just under 60,000 pieces.

Safilo Group ranks at the bottom giving up 2.8 percent after an 8.7 percent loss on Friday night.

Brunello Cucinelli, on the other hand, is giving up 1.7 percent. The company announced on Friday that it had purchased 15,883 of its own ordinary shares between January 23 and 26, 2023. The shares were purchased at an average price of EUR73.4120 for a total value of about EUR1.2 million.

Red also for another luxury sector stock, Salvatore Ferragamo, which contracted 2.6 percent to EUR18.35. UBS raised its target price on the stock to EUR14.50 from EUR14.00.

On the Small-Cap, Netweek moves ahead 3.4 percent to EUR0.0430.

Trevi Finanziaria, on the other hand, rises 5.9% to EUR5.7 per share after a 0.1% loss on Friday evening.

Also active for PLC, which moves ahead 0.7 to EUR1.46 per share after a 1.4% gain in the previous session.

Caleffi - in the green by 1.4 percent - announced Friday that its board of directors has resolved to purchase from Giuliana Caleffi Srl the remaining 30 percent of the share capital of its subsidiary Mirabello Carrara Spa, a company specializing in the production, purchase and sale of home textiles under its own brands and under license from authoritative fashion brands, and to sign the related purchase and sale agreement. The transaction involves the sale of 30 percent of Mirabello's share capital from Giuliana Caleffi to Caleffi in the amount of EUR1.5 million, of which EUR897,340 in cash and EUR635,000 in Caleffi ordinary shares at a price of EUR1.27 per share, immediately liquid and thus for a total of 500,000 ordinary shares.

Among SMEs, Frendy Energy retreats 3.7 percent to EUR0.2640. It should be noted that the stock, on the weekly frame, marks a rise that exceeds 25%.

Good purchases also on Alfonsino, which rises 3.5% to EUR1.1480 after last session's 6.3% green.

Casta Diva Group - up 6.3% - on Monday disclosed that its board of directors reviewed the preliminary consolidated revenue figure for fiscal year 2022, not yet audited, which closed at EUR82 million, up 175% from EUR29.7 million in 2021.

In New York on Friday evening, the Dow closed in the green by 0.1 percent, the Nasdaq up 1.0 percent, and the S&P 500 in the green by 0.3 percent.

Among currencies, the euro changed hands at USD1.0909 versus USD1.0857 at Friday's close. In contrast, the pound is worth USD1.2410 from USD1.2374 on Friday evening.

Among commodities, Brent crude is worth USD86.74 per barrel from USD86.78 per barrel Friday night. Gold, on the other hand, trades at USD1,929.99 an ounce from USD1,931.10 an ounce last session.

By Maurizio Carta, Alliance News reporter

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