(Alliance News) - European marketplaces appear set for a bearish opening Wednesday, according to the futures market, following the negative balances recorded on Wall Street and Asian marketplaces set to close with a minus sign.

Among companies, it should be noted before the bell rang that UniCredit's board of directors approved the consolidated half-year report as of June 30. Net income in the second quarter reached EUR2.68 billion, up 16 percent from EUR2.31 billion in the same period of 2023.

The bank posted EUR6.32 billion in net revenues in the second quarter, up 6.0 percent year-on-year from EUR5.97 billion in the same period a year earlier, supported by an interest margin of EUR3.6 billion, EUR2.1 billion in fees and EUR15 million in loan loss provisions.

The FTSE Mib-after closing up 0.1 percent at 34,637.75 last night-is giving up 72.50 points.

In Europe, London's FTSE 100 is giving up 24.30 points, Paris' CAC 40 is giving up 54.20 points, and Frankfurt's DAX 40 is down 99.00 points.

Last night, the Mid-Cap gave up 0.2 percent to 48,443.20, the Small-Cap in the red 0.3 percent to 29,212.49, and Italy Growth gave up 0.3 percent to 8,088.84.

On Tuesday's main list in Milan, strength on Saipem, which rose 1.3 percent to EUR2.41 per share, on the heels of the eve's 0.9 percent gain.

Mediobanca--best on the list--advanced instead by 1.7 percent, on the heels of the previous session's 1.1 percent green light with new price at EUR14.74.

Brunello Cucinelli, on the other hand, rose 0.8 percent to EUR87.15 per share, following the 1.1 percent green on the eve of the session.

UniCredit, on the other hand, closed in the green by 0.9 percent, with trading rooms awaiting the release of its accounts. Of note, it also disclosed Tuesday the purchase of 2.0 million shares between July 15 and 19 for a total value of EUR74.1 million. Following these purchases and since the start of the third tranche of the buyback, UniCredit holds 15.3 million shares or 0.9 percent of the share capital.

Among the minority of bearish sellers, sales on Telecom Italia, which leaves 2.9 percent on the parterre following the 4.8 percent loss of the previous session.

Sales also on STMicroelectronics, which gave up 1.8 percent following the previous session's 2.9 percent loss.

On the cadet segment, Banca Generali advanced 2.2% to EUR40.14 per share, upgrading during the session to a new 52-week high of EUR41.20 per share. Of note, Barclays changed its rating on the stock to 'overweight' from 'equal weight' and raised its target price to EUR48.60 from EUR39.30

Maire advanced 1.4 percent to EUR8.14 per share, in its fourth bullish session.

Fincantieri -- in the green by 0.3 percent -- announced Tuesday that it has entered into an agreement with Carnival PLC to design, engineer and build three new cruise ships for the Carnival Cruise Line brand.

Among the many bearish performers, MARR gave up 1.4 percent, in its third bearish session.

Industrie de Nora, on the other hand, gave up 1.5 percent, after 3.3 percent green in the previous session, with new price at EUR11.13.

On the Small-Cap, Sabaf pushed ahead 5.2%, on its third session with a bullish candle.

Enervit picked up 2.5 percent to EUR3.23, after a 1.6 percent decline on the eve of the session.

Beghelli, on the other hand, gave up 2.5%, on its third bearish session.

Sales on Sogefi, which gave up 8.8 percent. Of note, Marshall Wace raised its short position on the stock to 1.19 percent from the previous 0.95 percent.

Among SMEs, G Rent advanced 6.7 percent to EUR0.56 per share, breaking a four-session bearish mini-trend.

Deodato Gallery, on the other hand, gave up 3.1% to EUR0.3760, closing for the fifth session with a bearish candle.

Altea Green Power closed the list, giving up 3.5 percent to EUR7.18 per share after 0.7 percent red on the eve. It should be mentioned that a new board of directors was appointed last week, identifying Giovanni Di Pascale as chairman of the board. The board then reviewed some figures for the first half of the year, a period in which the company reported a value of production of between EUR13.5 million and EUR14.0 million, up 33 percent from EUR10.1 million in the first six months of 2023.

Expert.ai, also on the back foot, gave up 2.6 percent to EUR1.14 per share.

In New York on European night, the Dow gave up 0.1 percent as did the Nasdaq, while the S&P 500 left 0.2 percent on the parterre.

Among the Asian exchanges, the Hang Seng is giving up 0.9 percent, the Shanghai Composite is giving up 0.3 percent, while the Nikkei has given up 1.1 percent.

Among currencies, the euro changes hands at USD1.0846 versus USD1.0880 in Monday's European stock close while the pound is worth USD1.2886 from USD1.2907 on Monday evening.

Among commodities, Brent crude is trading at USD81.45 per barrel from USD82.29 per barrel at Monday's close. Gold, on the other hand, trades at USD2,415.35 an ounce from USD2,386.78 an ounce on Monday evening.

On Wednesday's economic calendar, coming in at 1000 CEST for the Eurozone and at 1030 CEST from the PMI data in the UK.

At 1300 CEST, from the US, room for the mortgage market report, followed then at 1545 CEST by the tertiary and manufacturing PMIs. At 1630 CEST, the weekly EIA stocks and Cushing's inventory will come out.

Among companies, accounts from Caltagirone Editore, Edison, Grifal, Italgas, Marzocchi Pompe, Moncler, Racing Force and Saipem are expected.

By Maurizio Carta, Alliance News reporter

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