(Alliance News) - Major European stock markets continued to move above parity at mid-day on Monday, menter S&P Global reported that manufacturing output in the Eurozone rose marginally in March, marking the best monthly industrial production results since May last year.

The S&P Global PMI index for the Eurozone manufacturing sector registered 47.3 in March, down from 48.5 in February, hitting a four-month low.

Italy did well, where conditions in the manufacturing sector improved for the third consecutive month in March, thanks to increases in production, new orders and employment. Italy's manufacturing PMI fell slightly to 51.1 in March from 52.0 points recorded in February but better than forecasts of 51.0, remaining above the 50.0 points that separate expansion from contraction.

Thus, the FTSE Mib is in the green by 0.6 percent to 27,266.22, the Mid-Cap is up 0.4 percent to 43,876.02, the Small-Cap gives up 0.3 percent to 29,933.66, and Italy Growth gains 0.2 percent to 9,402.45.

In Europe, Paris' CAC 40 is in the green by 0.4 percent, London's FTSE 100 is up 0.7 percent, and Frankfurt's DAX 40 is in fractional percent green.

On the main list in Piazza Affari, oil majors are continuing the opening momentum, following OPEC+'s surprise announcement over the weekend of a production cut of more than one million barrels. Thus Saipem remains at the top, in the green by 4.6 percent, followed by Tenaris in the green by 3.8 percent, while Eni, in the green by 3.6 percent, closes the podium.

Also doing well is UniCredit, up 3.1%, which, in implementation of the March 31, 2023 resolution, has defined the implementation modalities for the execution of the first tranche of the share buyback program for a maximum amount of EUR3.34 billion, which the company intends to execute in two tranches, the first of which is for EUR2.34 billion.

Terna rises 0.3 percent. The company announced Thursday that it has signed contracts with the European Investment Bank for the second and third tranches of the EUR1.9 billion financing for the Tyrrhenian Link, the undersea electricity link that will unite the Italian peninsula with Sicily and the latter with Sardinia.

At the other end of the list, there are still Iveco Group, which gives up 2.1 percent and sits on the bottom, anticipated by Interpump, which drops 1.6 percent.

On the Mid-Cap, Buzzi Unicem rises 1.0 percent. On Wednesday, the board met to approve the statutory and consolidated financial statements for the year ended December 31, 2022, in which the company reported a profit of EUR458.8 million down from EUR542.3 million in 2021. The board also approved a proposed dividend of EUR0.45 per share, effective May 24, 2023 with an ex-dividend date of May 22, 2023 and "record date" May 23, 2023.

The board of Technogym -- in the red by 0.3 percent -- on Wednesday reviewed and approved the consolidated annual financial report that closed with an adjusted profit of EUR66.1 million, up EUR14.9 million from EUR51.2 million in 2021. The board also proposed the distribution of a dividend of EUR0.25 per share totaling EUR50 million. During the previous fiscal year, the dividend was EUR0.16 per share.

Saras is on the bottom and gives up 2.5 percent while Secosi takes the top with a 10 percent rise.

On the Small-Cap, Bialetti Industrie - flat at EUR0.27 per share - approved the financial statements for the year ended December 31, 2022, which ended with a loss of EUR4.0 million, compared to a positive result of EUR5.8 million in 2021, "impacted by the positive effects resulting from the effectiveness of the restructuring agreement," the company specifies.

ePrice advances 4.6 percent. On Tuesday, the board of directors reviewed and approved the 2022 financial statements, reporting a net profit of EUR11.9 million, an improvement from a loss of EUR20.2 million in 2021. This result is from discontinued operations or assets held for sale, attributable to the deconsolidation of subsidiaries, of EUR13.0 million approximately compared to a negative EUR13.7 million in 2021 restated on an IFRS basis.

The management board of SS Lazio -- in the green by 3.3 percent -- approved the consolidated half-year financial report as of December 31, 2022. The company closed with a loss of EUR21.5 million compared to a profit of EUR4.6 million in the previous year for the same period.

Among SMEs, Datrix gives up 2.9 percent after Friday's approval of its 2022 consolidated results, which include a net loss of EUR2.7 million worsening from the EUR2.4 million loss in 2021.

Revenues for 2022 amounted to EUR16.8 million up 46 percent from the previous year when they were EUR11.5 million.

SCK Group through Sciuker Frames--up 2.1 percent--reported Monday that Sciuker Ecospace and Banco BPM Spa have signed a strategic partnership for the sale of EUR30 million in tax credits generated as a result of Super Ecobonus energy upgrades.

Caribbean Company gives up 2.2 percent. The company reported that it ended fiscal year 2022 with an adjusted net profit of EUR3.5 million, up 32 percent from EUR2.6 million as of Dec. 31, 2021.

Revenues amounted to EUR56.1 million, up about 31 percent from EUR43.0 million in 2021.

SG Company Benefit Company - down 0.3 percent - approved its annual financial statements for 2022, which closed with a consolidated operating profit of EUR219,000 compared to a consolidated operating loss of EUR120,000 reported as of December 31, 2021.

Revenues were EUR16.9 million, up 47 percent from EUR11.4 million in fiscal year 2021.

Neosperience -- in the red by 1.4 percent -- reported group net income of EUR675,000 in the year ended Dec. 31, 2022, up 13 percent from EUR597,000 in 2021.

Revenues for the period stood at EUR21.0 million compared to EUR18.2 million and up 16 percent.

expert.ai gives up 0.6 percent after approving its 2022 consolidated financial results on Thursday, reporting a loss of EUR23.8 million worsening from the loss of EUR15.7 million recorded as of Dec. 31, 2021.

Value of production is EUR40.5 million, compared to EUR39.6 million realized in fiscal year 2021. Total revenues amounted to EUR31.7 million up from EUR31.1 million.

In New York on Friday, the Dow Jones closed in the green 1.3 percent to 33,274.15, the S&P gained 1.4 percent to 4,109.31, and the Nasdaq was up 1.7 percent to 12,221.91.

Among currencies, the euro changed hands at USD1.0850 against USD1.0869 at Friday's close. In contrast, the pound is worth USD1.2344 from USD1.2374 on Friday evening.

Among commodities, Brent crude is worth USD84.11 per barrel versus USD79.53 per barrel Friday night. Gold, on the other hand, trades at USD1,964.39 an ounce from USD1,979.15 an ounce at Friday's close.

On Monday's economic calendar, with the Shanghai Stock Exchange closed, in the afternoon at 1600 CET the PMI index will come in from Canada while the ISM index will come out from the US.

By Chiara Bruschi, Alliance News reporter

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