(Alliance News) - Having disposed of the central bank decisions of the past two weeks, financial markets are back to looking at the Ukrainian issue and the banking case as possible market movers in the coming days, in addition to some interesting macro data coming out these days.

"Sentiment is mixed as the Deutsche Bank sell-off revived banking stress on Friday. DBK's shares fell 8 percent and its CDS rose after the bank announced earlier that it was redeeming a Level 2 subordinated bond. The announcement should have restored confidence in the bank's balance sheet. But instead it revived a crisis of confidence," explained Ipek Ozkardeskaya, senior analyst at Swissquote Bank.

"Despite the banking stress on both sides of the Atlantic, both the Federal Reserve and the European Central Bank and the Bank of England and the Swiss National Bank have not refrained from raising interest rates in the past two weeks, weighing not necessarily on the health of banks' balance sheets -- on concerns about the health of banks' balance sheets."

"Today, it seems that the banking crisis is more of a crisis of confidence than a fact-based panic, like in 2007, when banks really had a bunch of toxic assets on their balance sheets."

The FTSE Mib is given up 315 points or 1.2 percent after losing 2.2 percent to 25,892.18 at Friday's close.

London's FTSE 100 is indicated up 72 points or 1.0 percent, Paris' CAC 40 is expected up 86 points or 1.2 percent and Frankfurt's DAX 40 is estimated up 173.5 points or 1.2 percent.

In Milan on Friday, the Mid-Cap closed 1.6 percent in the red at 42,284.75, the Small-Cap lost 1.6 percent to 29,560.90 while the Italy Growth gave up 0.8 percent to 9,300.08.

The main list in Piazza Affari closed with only two stocks up, those of DiaSorin and Recordati, which rose 3.6 percent and 0.3 percent, respectively.

Unipol gave up 1.7 percent after reporting Friday that it had approved its 2022 accounts, confirming preliminary figures released in February, which showed a net profit of EUR866 million, up from EUR796 million a year earlier.

Banca Monte Paschi Siena closed 3.3 percent in the red after letting it be known Thursday that board chair Patrizia Grieco resigned when her term was renewed after taking a new position at another listed company.

Other bankers also did poorly, with Banco BPM, UniCredit, and BPER Banca all three down 4.1 percent. Intesa Sanpaolo finished Friday's session 2.4 percent in the red and FinecoBank 2.2 percent.

Iveco Group was the worst, down 5.0%.

On the Mid-Cap, UnipolSai lost 1.5 percent after reporting Friday that it had confirmed its preliminary accounts for 2022, released in February, which showed a consolidated net income of EUR651 million down from EUR723 million a year earlier.

Iren closed up 2.1 percent. The board of directors on Thursday, along with the 2022 financial results, also approved an update of the business plan to 2030, with which the company "confirms the strategic vision" but "strengthens investments," which will amount to EUR10.5 billion over the next eight years an increase of EUR200 million compared to the 2021-2030 Plan.

Among the bearish performers, who accounted for the majority, Webuild gave up 4.7 percent, Banca Popolare di Sondrio retreated 4.1 percent, and Credito Emiliano lost 3.1 percent.

Also hurting were De' Longhi and Juventus, which left 4.1 percent and 3.7 percent on the parterre, respectively.

On the Small-Cap, Il Sole 24 Ore closed on top with 3.9 percent after ending fiscal year 2022 with a "marked improvement" in all economic and financial indicators compared to 2021. Net income was EUR500,000 from a loss of EUR21.0 million in 2021. Net of nonrecurring income and expenses, net income attributable to shareholders of the parent company is positive EUR1.4 million, an improvement from a negative EUR700,000 in 2021.

Consolidated revenues for 2022 amounted to EUR211.6 million up from EUR203.5 million in the previous year.

Pininfarina slipped back 0.2 percent. On Thursday, it approved draft 2022 financial statements reporting a net loss of EUR5.0 million worsening from a profit of EUR2.4 million in 2021.

Total consolidated revenues as of December 31, 2022 amounted to EUR72.8 million up from EUR66.8 million a year earlier.

Immsi -- in the red by 0.3 percent -- reported Thursday that it ended 2022 with "the best results ever, setting new records for all indicators," according to the official note. As of Dec. 31, 2022, the company reported a net profit of EUR63.9 million from EUR35.4 million in 2021. The board also proposed a dividend of EUR3.9 cents per share from EUR3 cents in the previous fiscal year.

Revenues rose 24 percent to EUR2.12 billion, up from EUR1.70 billion in 2021, an all-time high for the company.

Among SMEs, TPS Group closed up 1.8 percent. The board approved the draft statutory and consolidated group financial statements as of December 31, 2022, reporting revenues of EUR37.8 million, up slightly from EUR37.6 million in 2021.

Net income is EUR3.7 million, up slightly from around EUR3.6 million in 2021.

Ebitda remains unchanged at EUR7.6 million while Ebit rises slightly to EUR5.7 million from EUR5.4 million.

CY4Gate - down 1.2 percent - approved consolidated financial statements as of December 31, 2022, which closed with a profit for the year is EUR2.4 million compared to EUR5.2 million for fiscal year 2021.

Revenues from sales and services amounted to EUR56.6 million, an increase of 216 percent compared to December 31, 2021, when they were EUR17.9 million.

At the top is Labomar, which closed up 18 percent.

In Asia, the Nikkei rose 0.3 percent today to 27,476.87, the Shanghai Composite lost 0.5 percent to 3,249.21, and the Hang Seng dropped 1.0 percent to 19,723.97.

In New York on Friday, the Dow closed up 0.4 percent to 32,237.53, the Nasdaq gained 0.3 percent to 11,823.96 while the S&P 500 rose 0.6 percent to 3,970.99.

Among currencies, the euro changed hands at USD1.0753 against USD1.0760 at Friday's close. In contrast, the pound is worth USD1.2223 from USD1.2229 at the previous close.

Among commodities, Brent crude is worth USD75.42 per barrel compared to USD74.46 per barrel on Friday night. Gold, meanwhile, trades at USD1,967.09 an ounce from USD1,985.13 an ounce at the last close.

On Monday's economic calendar, the IFO index on business confidence in Germany is due at 1000 CET, and at 1000 CET the ECB will release the M3 Money Supply index.

At 1200 CET the data on job seekers in France is expected, and at 1800, in the UK, Bank of England Governor Andrew Bailey is scheduled to speak.

Among the companies listed on Piazza Affari, the results of several companies including Cairo Communication, DiaSorin, Giglio Group, Radici, and Gismondi 1754 are expected.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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