(Alliance News) - On Monday, Piazza Affari closed the session with a bearish trend -- in the 30,100 area -- as it awaits the European Central Bank's rate decision due this week.
It is widely expected that the Eurotower will confirm interest rates at current record levels, while trading rooms are heavily focused on any information the central bank might provide regarding the timing of cuts.
On Monday, in the CME Group platform's FedWatch Tool, using futures also based on the actual federal funds rate, or EFFR, the confirmation of the rate at the Jan. 31 meeting has a 100 percent probability for confirmation range 525/550 bps. The 25 bps drop in the 550/575 bps target is therefore priced at 0%.
By contrast, for the March 20 meeting, the 25 bps cut has a 46% probability, while a week ago the figure marked a 77% probability.
Thus, the FTSE Mib closed 0.3 percent red at 30,182.32, the Mid-Cap gained 1.2 percent to 44,518.45, the Small-Cap rose 0.6 percent to 27,314.02, while Italy Growth closed up 0.8 percent to 8,302.95.
In Europe, Paris' CAC 40 closed in the green by 0.6 percent, London's FTSE 100 picked up 0.4 percent, and Frankfurt's DAX 40 closed up 0.8 percent.
On the Mib, Nexi was confirmed in the high quarters, closing in the green by 2.3 percent, after falling 0.3 percent in the previous session.
High quarters also for Tenaris, which rallied 1.9 percent, after the previous session's 0.6 percent red.
STMicroelectronics closed up 2.6 percent -- best on the list -- in the week when results are expected to be released.
Amplifon rallied 1.0 percent, boosted by news of the acquisition of the business of a major Miracle-Ear franchisee in the US. The acquired network, owned by three different companies -- Hearing Pro Inc,, Las Davis Enterprises Inc, and MiracleEar Centers of Arkansas LLC -- includes about 50 outlets located in four states, Arkansas, Kansas, Illinois, and Missouri, with annual sales of about USD20 million and about 85 employees. Miracle-Ear is the brand through which Amplifon operates in the U.S. retail market, through direct and franchise stores.
Ferrari fell badly, giving up 2.2 percent, following up Friday's decline, albeit by 0.1 percent.
A2A, on the other hand, gave up 1.2%, following Friday night's 1.1% gain.
On the cadet segment, Saras closed up 4.1 percent, following Friday night's 1.5 percent green. The stock, which closed with price at EUR1.74, the new 52-week high.
Technoprobe-best in the segment, on the other hand-gained 8.3% to EUR9.15, the new 52-week high.
Webuild closed in the green by 6.0 percent after announcing Sunday that it had signed, in a joint venture with Fomento de Construcciones y Contratas Canada, a contract with a total estimated value between about EUR700 million and EUR1.3 billion for the development and construction of the "Pape Tunnel and Underground Stations" section of the Ontario Line. The final actual value will be determined based on the executive design, which is included in the contract.
Credito Emiliano -- up 0.7 percent -- announced Monday that it has successfully completed the placement of promissory notes under Italian law, totaling EUR200 million.
Among the bearers, Juventus FC closed 5.9% in the red, after three bearish sessions.
LU-VE, on the other hand, left 2.5 percent on the parterre, in its fourth session on the bearish side.
Among smallcaps, Antares Vision gained 6.5 percent, closing for the third session in a row with a bullish candle.
High quarters also for Somec, which picked up 5.1 percent on the heels of the same 5.1 percent gain Friday night.
I Grandi Viaggi rose 1.7 percent after announcing Friday that its board of directors approved the draft financial statements ending Oct. 31, 2023, with an operating profit of EUR2.8 million from a loss of EUR140,000 in the same period last year.
Netweek, on the other hand, gave up 4.1 percent after a 4.4 percent profit on the eve of the meeting. The stock had previously come from seven bearish sessions.
Among SMEs, Energy closed up 16 percent, with price at EUR2.28, reversing a three-session bearish mini-trend.
First Capital -- in the green by 1.7 percent -- announced Monday that it had approved the group's reorganization project, "which will enable it to improve the operations and structure of its core business," a note said, through the transfer of holdings in listed companies to its subsidiary First SICAF Spa. The latter's shareholders' meeting also approved a EUR50 million capital increase.
Caribbean Company gave up 1.6 percent to EUR1.74 per share. The stock during the session hit a new 52-week low of EUR1.68 per share.
In New York, with trading in full swing, the Dow is traveling in the green by 0.3 percent, the Nasdaq is up 0.5 percent, and the S&P 500 is picking up 0.3 percent.
Among currencies, the euro changes hands at USD1.0888 against USD1.0882 recorded in Friday's European stock close, while the pound is worth USD1.2717 from USD1.2679 on Friday evening.
Brent crude is worth USD79.69 per barrel versus USD79.15 per barrel at Friday's close. Gold, meanwhile, trades at USD2,023.57 an ounce from USD2,029.60 an ounce on Friday night.
Tuesday's macroeconomic calendar includes, at 0330 CET, the Bank of Japan's interest rate decision, followed at 0730 CET by the BoJ president's press conference.
In the evening, from the US, an auction of one- and two-year Treasury bonds is scheduled between 1730 CET and 1900 CET, while at 2230 CET it will be the turn of the release of the weekly oil stocks report.
Among companies, no particular announcements are expected.
By Maurizio Carta, Alliance News reporter
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