(Alliance News) - Major European marketplaces Friday, mark red in futures performance as sentiment is hit by turmoil in the U.S. banking sector, as well as anticipation of the latest labor market report coming out of the United States later in the day.

Investor sentiment around the world was shaken overnight, driven by a sell-off in U.S. bank stocks. The four largest U.S. banks saw their share prices lose a total of USD52 billion Thursday as the financial sector priced in the problems of SVB Financial, a major Silicon Valley-focused lender.

On Thursday, SVB Financial's shares tumbled 60 percent and continued to fall in after-hours trading after the announcement the night before that it had lost USD1.8 billion in stock sales to raise funds.

The largest U.S. bank JPMorgan Chase, which closed the day down 5.4 percent. Bank of America and Wells Fargo both lost 6.2 percent, while Citigroup lost 4.1 percent.

Thus, the FTSE Mib is expected to open down 505.00 points before the bell rings.

Paris' CAC 40 is expected to open down 117.00 points, London's FTSE 100 is expected to open down 109.00 points, and Frankfurt's DAX 40 is expected to open down 229.00 points.

Among the smaller listings on Thursday evening, the Mid-Cap gave up 0.7 percent to 44,402.26, the Small-Cap gave up 0.3 percent to 30,537.02, and Italy Growth is in the green by 0.1 percent to 9,480.03.

On the Mib last night, only two stocks closed in the green: STMicroelectronics and Inwit, up 1.1 percent by 0.3 percent, respectively.

Azimut Holding retreated 3.2% after reporting Thursday that it had kept its dividend unchanged at EUR1.30 per share--with a dividend yield of 5.8%--despite declines in revenues and earnings in 2022.

Consolidated revenues fell to EUR1.29 billion in 2022 from EUR1.45 billion in 2021, and operating profit fell to EUR547 million in the full year from EUR707 million a year earlier.

Prysmian closed up 3.1 percent after announcing Thursday that 2022 net income rose to EUR509.0 million from EUR310.0 million a year earlier. The board will propose a dividend of EUR0.60 per share from EUR0.55 in 2021.

Italgas gave up 2.1 percent. The board of directors on Thursday approved consolidated results as of December 31, 2022, reporting revenues of EUR1.54 billion up 12 percent from EUR1.37 billion in 2021. Group net income amounted to EUR436.1 million up 14 percent from EUR383.4 million in 2021.

In addition, Italgas resolved to propose to the shareholders' meeting to distribute a dividend of EUR0.317 per share up 7.5 percent from EUR0.295 in 2021.

Banca Generali closed in the lower quarters and gave up 4.1 percent after confirming that total net inflows in February stood at EUR442 million, for a total value since the beginning of the year of more than EUR859 million.

On the Mid-Cap, Cementir Holding closed down 1.7 percent. With net income up 43 percent, the board decided Thursday to increase the 2022 dividend by 22 percent to EUR0.22 from EUR0.18 paid last year. The group's revenue from sales and services reached an all-time high of EUR1.72 billion, up 27 percent from EUR1.36 billion in 2021.

Autogrill closes in the green by 0.3 percent after approving Thursday consolidated results as of Dec. 31, 2022, ended with a loss of EUR53.7 million from the negative EUR37.8 million in 2021. Consolidated revenues are EUR4.1 billion in 2022, up 50 percent at constant exchange rates from EUR2.6 billion in 2021. "Revenues in 2022 represent about 88 percent of the revenues recorded in 2019 at constant exchange rates, excluding divestments during the period."

Tinexta closed 3.0 percent in the red after ending 2022 with a net profit of EUR78.1 million compared to EUR38.7 million in 2021. The board proposed the distribution of a dividend of EUR0.51 per share.

Alerion Clean Power rose 2.9 percent. On Thursday it approved its consolidated financial statements for 2022, in which it reported group net income of EUR71 million, up from EUR48.7 million in 2021. The board proposed a dividend of EUR0.65 per share compared to EUR0.44 in 2021. 2022 revenues are EUR273.7 million, up from EUR153.8 million in 2021.

On the Small-Cap, Pierrel flew 7.6 percent higher after reporting 2022 net operating income of EUR1.4 million compared with a net loss of EUR400,000 last year.

TXT e-solutions rose 2.3 percent after approving Thursday its fiscal results as of Dec. 31, 2022 reporting revenues of EUR150.8 million up 56 percent from EUR96.4 million in 2021. The board will also propose to the shareholders' meeting a dividend of EUR0.18 per share up from EUR0.04 in 2021. Net income amounts to EUR12.00 billion up 8.0 percent from EUR7.83 billion in the previous year.

Gefran's board of directors -- down 1.9 percent -- on Thursday approved the cash flow statement for 2022, reporting a positive net profit of EUR10 million -- or 7.4 percent of revenues -- and compared with the always positive result of EUR13.7 million in the previous year. The board proposed a dividend of EUR0.40 compared to EUR0.38 in the previous year. Revenues rose to EUR134.4 million from EUR118.6 million in the previous year.

The board of BasicNet -- in the red by 1.4 percent -- approved the 2022 budget on Thursday, reporting a net income of EUR30.0 million from EUR20.3 million in 2021, up 48 percent. The board will also propose a dividend of EUR0.18 per share, totaling about EUR9 million, up 50 percent from the previous year, when it was EUR0.12 per share.

d'Amico International Shipping advanced with 2.4 percent after reporting a net profit in 2022 of USD134.9 million, compared with a net loss of USD37.3 million in 2021. The board thus proposed a dividend of USD0.0153 per share.

Among SMEs, Neurosoft closed down 15 percent, and Fenix Entertainment, down 13 percent.

Reway closed up 16 percent after in yesterday's debut on the stock market.

Among Asian exchanges, the Nikkei closed down 1.7 percent, the Shanghai Composite gave up 1.4 percent, and the Hang Seng is leaving 3.1 percent on the parterre.

In New York on European night, the Dow closed down 1.7 percent, the Nasdaq down 2.1 percent, and the S&P 500 contracted 1.9 percent.

Among currencies, the euro changed hands at USD1.0591 versus USD1.0581 at Thursday's close. In contrast, the pound is worth USD1.1937 from USD1.1927 on Thursday evening.

Among commodities, Brent crude is worth USD80.87 per barrel versus USD83.25 per barrel Thursday night. Gold, on the other hand, trades at USD1,832.76 an ounce from USD1,827.74 an ounce at Thursday's close.

On Friday's economic calendar, at 1000 CET, the producer price index will be released in Italy. At 1130 CET, there will be an auction of Italian 12-month BOTs.

In the afternoon, at 1400 CET, space the NIESR monthly indicator on UK GDP while in the US, labor data including hourly wages, nonfarm payrolls and the unemployment rate will come out.

The unemployment rate will also come from Canada, at 1430 CET.

On the Italian corporate front, results from Caltagirone Editore, Masi Agricola and Tesmec are expected.

By Maurizio Carta, Alliance News reporter

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