(Alliance News) - The Mib is expected down Tuesday morning, along with the other major European exchanges except London, which is expected to open higher on its first trading day of the new year, according to IG futures.

The FTSE Mib, therefore, is expected to be in the red by 77.5 points or 0.3 percent after closing Monday up 1.9 percent to 24,158.28.

In Europe, London's FTSE 100 is expected to open up 13.1 points or 0.2 percent, Paris' CAC 40 is expected down 43.2 points or 0.6 percent, and Frankfurt's DAX 40 is expected to open in the red 85.0 points or 0.6 percent.

Also overnight came the latest data on China's manufacturing activity, with the Caixin China General Manufacturing PMI falling to 49.0 in December 2022 from 49.4 in November, indicating the lowest reading since September, amid a spike in COVID cases that disrupted production, according to data released Tuesday by Markit Economics.

The latest result also marked the fifth consecutive month of decline in factory activity, compared with the market consensus of 48.8, with production, new orders and export sales falling further.

Among Italy's minor listings, the Mid-Cap gained 1.0 percent to 39,755.32 last night, the Small-Cap rose 1.3 percent to 28,110.07, and the Italy Growth rose 0.8 percent to 9,321.55.

On the main list in Piazza Affari, Eni rose 3.2 percent after announcing the birth of Eni Sustainable Mobility, the new company dedicated to sustainable mobility.

As Eni explained, it is a vertically integrated company along the entire value chain, which aims to provide progressively decarbonized services and products for the energy transition, accelerating the path to zero emissions throughout their entire life cycle.

Eni Sustainable Mobility will develop biorefining, biomethane and the sale of mobility products, services and solutions, in Italy and abroad, on a path that will see it evolve into a multi-service and multi-energy company. The company's biorefining and biomethane assets, which include the Venice and Gela biorefineries and the development of new projects such as Livorno and Pengerang, in Malaysia, which are now being evaluated, among others, have come into the company.

Also doing well was Saipem, which closed up 5.0 percent after a turbulent year, aided by changes in management and the EUR2.00 billion recapitalization closed last fiscal year.

Enel gained 2.8% after announcing on Friday that Enel Brasil, a subsidiary through Chilean listed company Enel Américas, had finalized the sale of its entire stake in Brazilian power distribution company CELG Distribuição CELG D, amounting to about 99.9% of the latter's share capital, to Equatorial Participações e Investimentos, a subsidiary of Equatorial Energia.

On the Mid-Cap, Banca Monte dei Paschi di Siena rose 6.5 percent after after assurances on business continuity and speculation on possible extraordinary transactions for an orderly exit of the state from the subsidiary bank, with the aim of creating the conditions to form more banking hubs in Italy.

Anima Holding gained 0.9 percent. The company announced Friday that it is continuing its partnership with the Crédit Agricole Italia Group, adapting as necessary the previous agreement linking Anima and Credito Valtellinese.

The revision, as Anima explained in a note, became appropriate following the merger of Credito Valtellinese into Crédit Agricole Italia, effective April 24, 2022.

The agreement maintains its original term through 2027. CAI and Anima intend to preserve the industrial value of the partnership, related to the stability of assets under management.

On the Small-Cap, Autostrade Meridionali rose 11 percent after being suspended for excess volatility, boosted by the latest news about a possible increase in highway tolls.

Eems gained 1.5 percent. Majority shareholder Gruppo Industrie Riunite sold a number of ordinary shares in the company in the latest period.

Next Re lost 1.7 percent after announcing that it has signed with IHC Verona, a company subject to management and coordination by AHC International Consulting AG, the final purchase and sale agreement on the hotel property located in Verona, for a sale price of EUR7.4 million plus tax.

Among SMEs, Gismondi 1754 closed among the best with a rise of 9.5 percent. On Friday, the company reported that-in the period between Dec. 26 and Dec. 30-it purchased 1,600 of its own shares.

MeglioQuesto - up 15 percent - reported Friday that the chairman of the board, Jaime Torrents Rotelli, purchased 18,500 shares of the company's common stock.

In Asia, with Tokyo still closed for holidays, the Shanghai Composite finished in the green 0.9 percent at 3,116.51 and the Hang Seng is up 1.7 percent at 20,109.89.

Among currencies, the euro changed hands at USD1.0657 against USD1.0668 at Monday's close. In contrast, the pound is worth USD1.2068 from USD1.2051 on Monday evening.

Among commodities, Brent crude is worth USD86.12 per barrel from USD85.91 per barrel last night. Gold, on the other hand, trades at USD1,847.96 an ounce from USD1,823.70 an ounce Monday night.

On Tuesday's macroeconomic calendar, in the Eurozone, eyes are on the German unemployment rate at 0955 CET and the manufacturing PMI in the UK at 1030 CET.

The same indicator will come for the US at 1545 CET, anticipated at 1400 CET by Germany's inflation.

On the bond front, three- and six-month T-Note auctions will be held at 1730 CET.

Among the companies in the Square of Business, no particular events are planned.

By Chiara Bruschi, Alliance News reporter

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