(Alliance News) - Tuesday's Piazza Affari continued trading in the green -- with the point bar above 38,800 -- after the prolonged Easter break, awaiting important economic data including the U.S. JOLTs report later in the week for more clues on what might be the next moves by central banks.

On Tuesday, in the CME Group platform FedWatch Tool, using futures also based on the actual federal funds rate or EFFR, the rate confirmation in the May meeting has a 96 percent probability for confirmation in the 525/550 bps range.

The 25 bps decline in the 500/525 bps target is therefore priced at 4%. For the June meeting, futures indicate a 25 bps cut rate of about 57 percent.

On the domestic front, the manufacturing sector in Italy showed positive signs in March, with new orders and production barely entering growth territory. Optimism about production over the next 12 months increased, with companies reporting the fastest job growth in a year.

In detail, the Hamburg Commercial Bank's manufacturing sector index and released Tuesday by S&P Global stood at 50.4 in March from 48.7 in February.

Thus, the FTSE Mib, is advancing 0.2 percent to 34,832.23, the Mid-Cap is giving up 0.4 percent to 48,988.90, the Small-Cap is giving up 0.5 percent to 28,328.42, and Italy Growth is giving up 0.3 percent to 8,090.54.

In Europe, Paris's CAC 40 is advancing 0.1 percent, London's FTSE 100 is advancing 0.3 percent, and Frankfurt's DAX 40 is marking minus 0.1 percent.

On the Mib, Saipem is advancing well, continuing with the green seen since the bell rang with a plus 3.3 percent, on the heels of the same asset with which it ended the last session, with the bullish barrel price driven by Middle East tensions. The Israeli airstrike on the Iranian embassy in Syria, which claimed the lives of Iran's supreme commander and others, has aggravated tensions in the area.

The head of the list, however, is for parent Eni, which is up 3.4 percent to EUR15.14 per share, in its third bullish session.

Strength also on Banco BPM, which stretches 2.5 percent, bringing the price to EUR6.32 - a new 52-week high - on the back of last session's green of 0.7 percent.

Intesa Sanpaolo marks a plus 0.6 percent with new price at EUR3.38 per share, updating its new 52-week high.

Barclays cuts target price for STMicroelectronics to EUR40.00 from EUR46.00. However, the stock opened up 1.0% to EUR40.37 per share.

At the tail end, Brunello Cucinelli is giving up 1.9%, with price at EUR104.00. Of note, UBS cut its target price to EUR120.00 from EUR133.00.

On the cadet segment, Fincantieri is advancing well, bringing the price bar up 1.8% to EUR0.6920 per share.

Seco, meanwhile, marks a plus 2.8 percent, in its third bullish session.

The top of the list is for Maire Tecnimont, which moves ahead 2.4 percent and has increased market cap by more than 51 percent since the beginning of 2024.

At the tail end, Buzzi is stepping back 2.8 percent after good numbers released for 2023, with a net profit of EUR967 million that compares with EUR459 million in the previous year. The board proposed the distribution of a dividend of 60 cents per share, up from the 455 cents paid last year.

On the Small-Cap, strength on algoWatt, which moves ahead 2.4 percent, on its sixth bullish candle and bringing weekly basis assets over 61 percent.

Giglio Group, on the other hand, marks a 6.1 percent gain, with new price at EUR0.4170.

Seri Industrial - down 0.3% - reported that it closed 2023 with a net loss of EUR6.3 million, which compares with a net loss of EUR3.4 million in 2022. Revenues rose to EUR200.1 million from EUR199.6 million while Ebitda increased to EUR22.9 million from EUR17.4 million.

At the tail end, Ratti is stepping back 7.4 percent to EUR1.99, a new 52-week low.

Among SMEs, boost on DBA Group, which is marking a plus 7.4 percent on its third bullish session.

Good buys also on Edil Sanfelice, which advances 9.8% to EUR3.25, benefiting from good 2023 accounts released earlier in the day. The company ended 2023 with an operating profit of EUR8.5 million, up 79% from EUR4.8 million as of December 31, 2022.

Clabo advances 3.2 percent, with price at EUR2.58 per share, following the previous three bearish sessions.

For Circle, on the other hand, the rise is 2.4% to EUR6.30 per share, in position for the fifth bullish session after good numbers for 2023. Indeed, net income stands at EUR1.7 million from EUR800,000.

Among the bearish, numerous on the list, Gismondi 1754 marks a 7.0 percent decline to EUR3.66 per share, at 52-week lows. The company reported Friday that it ended 2023 with a net profit of EUR35,000 from EUR1.6 million in the previous year.

Consolidated production value amounted to EUR14.6 million from EUR15.2 million a year earlier.

In New York, the Dow gave up 0.6 percent, the Nasdaq rose 0.1 percent, and the S&P 500 closed down 0.2 percent.

Among currencies, the euro changed hands slightly lower at USD1.0738, while the pound rose slightly USD1.2566.

Among commodities, Brent advances to USD88.87 per barrel, while gold trades bullish at USD2.261.

Tuesday's macroeconomic calendar has Germany's inflation data at 1400 CET while from the States, the US durable goods and factory orders data will be released at 1600 CET.

Between 1800 CET and 1930 CET, meanwhile, speeches by FOMC members Williams, Mester and Daly will take place, while the weekly oil stocks data will close the day.

By Maurizio Carta, Alliance News reporter

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