(Alliance News) - The major European stock exchanges, at mid-session Monday, continued to show timid rises, following the release of data on German industrial production that proved to be less than encouraging.

A disappointing March -- down 3.4 percent from the previous month, reversing an upwardly revised 2.1 percent increase in February and worse than market forecasts of a 1.3 percent drop -- increased the risk that Germany's economy has ended up in a winter recession:

In addition, the spring recovery in individual eurozone countries has been subdued so far anyway, and now the eurozone economy is gripped by significant spring fatigue, the sentix institute disclosed on Monday.

In a surprise compared to economists' estimates, the sentix general economic index for the eurozone falls 4.4 points to minus 13.1 points in May. The drop in the expectations component is particularly pronounced. This falls to a value of minus 19.0 points, thwarting any hopes of economic recovery after the outbreak of war in Ukraine.

Thus, the FTSE Mib is up 0.3 percent to 27,426.24. Among Italy's smaller listings, the Mid-Cap is down slightly to 43,452.82, the Small-Cap is giving up 0.6 percent to 28,682.76, and Italy Growth is in the red 0.5 percent to 9,138.41.

In Europe, Paris' CAC 40 rises 0.1 percent to 7,441.27, Frankfurt's DAX 40 gains 0.1 percent to 15,974.34 while London is closed for the bank holiday of the coronation of King Charles III.

On the main Milan Stock Exchange list, Prysmian Group--up 0.5 percent--on Friday announced that it had won an order worth more than EUR800 million for a new power transmission interconnection between France and Spain. The link will be built on behalf of INELFE, a 50-50 joint venture between Spanish grid operator Red Eléctrica and French grid operator Réseau de Transport d'Électricité.

Intesa Sanpaolo--up 0.9 percent--reported Friday that first-quarter net income showed a marked year-over-year and quarterly increase to EUR1.96 billion. In the first quarter of 2022 it was EUR1.04 billion while in the last quarter of last year it was EUR1.08 billion.

Operating income rose to EUR6.06 billion from EUR5.41 billion a year earlier and from EUR5.67 billion in the last quarter of 2022 while operating expenses fell on a cyclical basis, to EUR2.54 billion from EUR3.13 billion, but rose slightly on an annual basis, from EUR2.52 billion.

The board of CNH Industrial--up 2.8 percent--reported its first-quarter results, which closed with net income of USD486 million, with diluted earnings per share of USD0.35, compared with USD336 million in Q1 2022 and USD0.24 respectively.

Better does only Banca Monte dei Paschi di Siena, leading the way with 50.%. According to a Reuters release on Friday, the Italian Treasury is willing to reduce its 64 percent stake in Monte dei Paschi di Siena through one or more share sales in the market.

As the well-known agency writes, such an option, however, would be considered only if financially advantageous and provided that a significant new investor manages the stake in line with the national interest, one of the sources said.

On the Mid-Cap, Anima Holding gained 0.4 percent after reporting Friday that it ended the first quarter with net income essentially unchanged year-on-year, at EUR30.2 million from EUR30.3 million in the same period a year earlier.

Revenues fell to EUR80.9 million from EUR88.6 million in last year's first quarter,

Piaggio & C gives up 2.1 percent after announcing on Friday that it had revenues of EUR546.8 million in the first quarter of the year, the highest value recorded in the period and up 20 percent from EUR455.8 million recorded as of March 31, 2022.

Net income amounted to EUR24.1 million, almost doubled from EUR12.7 million in the first quarter of 2022. This is the "best result ever" at this time of the year, the company explains.

Intercos Group is up 0.8 percent. The board of directors reported Thursday that the company in the first quarter reported revenues of EUR234.6 million, up 34 percent from EUR174.6 million in the same period of 2022. Group adjusted Ebitda stood at EUR29.8 million, up 56 percent from EUR19.1 million as of March 31, 2022.

On the Small-Cap, LVenture Group rises 1.2 percent. On Friday, the board reviewed and approved the company's financial results as of March 31. In the first quarter, revenues and other income were EUR1.6 million higher by 6 percent compared to March 31, 2022, when they were EUR1.5 million.

Giglio Group led the way with a 19 percent rise to EUR0.73 per share, followed by Pierrel, which gained 12 percent.

Among SMEs, Illa, not yet affected by trading, approved its results as of Dec. 31, 2022 on Friday, reporting a negative net loss of EUR2.8 million, worsening from a loss of EUR2.3 million in the year 2021.

Sales revenue a decreased to EUR18.2 million from EUR21.5 million in 2021.

Vimi Fasteners is still not trading. The company announced on Friday that, following up on its April 12 announcement regarding the completion of the acquisition of 100 percent of the share capital of Filostamp Srl, a company that has been active for more than 40 years in the production of fasteners, bolts, and specialized in the production of fastening systems for specific customers, the condition precedent inherent in the bureaucratic formalities connected with the demerger involving two properties owned by Filostamp, which are considered "non-core" with respect to Filostamp's own operational activity, has been met.

Almawave - up 1.7 percent to EUR4.77 per share - announced on Friday that it had approved its main results for the first quarter of the year, having reported revenues of EUR12.8 million, up 41 percent from the same period last year when they amounted to EUR9.1 million.

Esautomotion - up 4.3 percent - on Friday reported first-quarter revenues of EUR9.7 million from EUR8.1 million in the same period in 2022, marking an increase of 18 percent.

In Asia, Nikkei closed in the red 0.7 percent to 28,949.88, the Shanghai Composite closed in the green 1.8 percent to 3,395.00 the Hang Seng gained 1.2 percent to 20,297.03.

In New York on Friday, the Dow Jones closed up 1.7 percent at 33,674.38, the Nasdaq finished in the green 2.3 percent at 12,235.41 while the S&P 500 picked up 1.9 percent to 4,136.25.

Among currencies, the euro changed hands at USD1.1032 versus USD1.1018 at Friday's close. In contrast, the pound is worth USD1.2637 from USD1.2603 on Friday evening.

Among commodities, Brent crude is worth USD76.47 per barrel versus USD75.23 per barrel Friday night. Gold, on the other hand, trades at USD2,023.14 an ounce from USD2,012.88 an ounce at Friday's close.

On Monday's macroeconomic calendar, consumer inflation expectations arrive from the US at 1700 CEST in the afternoon.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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