(Alliance News) - Piazza Affari moves in a bullish trend Tuesday, after a mixed performance between positive and negative for a few hours, with the bluechip index resuming the 34,000-point mark.

Economic data include a slowdown in Eurozone wage growth in the fourth quarter, which has fueled expectations of a first rate cut by the ECB in June.

Earlier, Vice President de Guindos echoed statements by other Eurotower colleagues, suggesting that the ECB is ready to discuss a potential interest rate cut in June.

Attention is also focused on the upcoming central bank meetings of both the Bank of England and the Fed scheduled for this week, with Eccles Building expected to announce decisions on Wednesday.

Thus, the FTSE Mib is advancing 0.3 percent to 34,044.69, the Mid-Cap is giving up 0.4 percent to 46,883.22, the Small-Cap is in the fractional red at 27,475.16, and Italy Growth is down 0.1 percent to 8,059.22.

In Europe, London's FTSE 100 is giving up 0.2 percent, Frankfurt's DAX 40 is avaing 0.3 percent, and Paris' CAC 40 is picking up 0.4 percent.

On the Mib, it is maintaining the bullish trend seen since the bell rang DiaSorin, which is driving the price up 1.1 percent to EUR94.50 per share after a 1.9 percent green light on the eve of the day.

Strength also on Banco BPM, which is positioning itself in the quarters by advancing 1.4 percent to EUR5.88, after having upgraded its 52-week high to EUR5.89 per share.

BPER Banca -- up 1.5 percent -- on Monday informed that rating agency S&P Global, upon completion of the rating process, assigned its long-term and short-term issuer ratings, which were rated "BBB-" and "A-3," respectively. The outlook regarding all assigned ratings is rated "Positive."

Moncler, on the other hand, is giving up 1.9 percent, heading for a third bearish session.

Rear-views also for Recordati, which is giving up 1.7 percent to EUR50.98 per share after a 1.9 percent red rating on the eve of the session.

On the Mid-Cap, Mutuionline, on the other hand, is rising 1.0% to EUR35.05 per share, pointing to its fourth daily bullish candle. The company announced on Tuesday an institutional re-branding plan, "after a 2023 closed under the banner of strong growth despite an unfavorable market environment for mortgages," the company points out.

In particular, it will be proposed at the next shareholders' meeting to change the company's name to "Moltiply Group Spa."

Boost also on El.En, which marks a plus 2.2 percent. Of note, JPMorgan Asset Management cut its short position on the stock to 0.95 percent from 1.09 percent.

Brembo, on the other hand, is leading the price up 1.6 percent, heading for its fourth bullish daily candle.

Lottomatica - trailing the list with minus 5.4% - is repricing in the EUR11.25 area. Gamma Intermediate completed the placement of 20 million Lottomatica shares representing about 7.9% of the share capital through a private placement via accelerated bookbuilding. The sale price was set at EUR10.90 per share for a total gross consideration of EUR218 million.

Gamma Intermediate will retain a 57.4 percent stake in Lottomatica's share capital after the completion of the placement.

Significant selling also on Alerion, which depreciates 2.8 percent to EUR19.24 per share after a 4.2 percent gain in the previous session.

On the Small-Cap, Fidia confirms the good form seen since the bell rang by rising 2.7% and heading for the bullish trifecta.

Antares Vision, on the other hand, advances 4.5 percent, heading for its fourth bullish session.

The board of directors of Centrale del Latte d'Italia -- down 7.0 percent -- on Tuesday announced the approval of the financial report for fiscal year 2023, which closed with a net profit for the year of EUR2.96 million, compared to the net profit of EUR154,000 recorded in the previous year.

Among SMEs, Gentili Mosconi advances well, rising 2.0 percent to EUR3.64 per share. The company announced Monday that it had finalized the acquisition of 70 percent of Tintoria Comacina, a historic company in the province of Como. The deal is the first acquisition scored by Gentili Mosconi and confirms the growth and integration process announced a year ago when the company was listed on the stock exchange, aimed at creating a central hub of synergies by internalizing skills and crucial phases of the production process.

Askoll Eva, meanwhile, rises 3.6 percent to EUR0.23 per share, on its third bullish candle session.

FAE Technology advances 1.5 percent to EUR4.78 per share, following a 0.2 percent green in the previous session.

Estrima, however, is giving up 6.7 percent, with price at EUR0.5280. The company announced Monday the sale of its stake in Birò Hellas to NextCom, specifying that it had mandated the CEO to review the business plan approved on Sept. 27.

These transactions, the company specified in a note, "are necessary in light of recent developments and feedback on sales, which disregard growth expectations denoting a slowdown in demand."

In New York, the Dow rose 0.2 percent, the Nasdaq advanced 0.8 percent, and the S&P 500 closed up 0.6 percent.

Among currencies, the euro changed hands at USD1.0844 against USD1.0873 recorded in Monday's European stock close, while the pound was worth USD1.2682 from USD1.2724 on Monday evening.

Brent crude is worth USD86.63 per barrel versus USD86.31 per barrel at Monday's close. Gold, meanwhile, trades at USD2,153.40 an ounce from USD2,159.77 an ounce on Monday evening.

On Tuesday's economic calendar at 1330 CET, building permits and new construction data are expected in the US while February inflation will come from Canada.

By Maurizio Carta, Alliance News reporter

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