(Alliance News) - Europe's major stock markets continued to follow a bullish trend on Monday, on a day that was poor in terms of macroeconomic data and corporate news.

Meanwhile, the Eurozone reported that the 12-month growth rate of the broad monetary aggregate M3 fell 0.4 percent in July from a 0.6 percent decline in June, averaging a negative 0.4 percent in the three months ended the end of July.

Among the components of M3, the 12-month growth rate of the narrower M1 aggregate, which includes currency in circulation and overnight deposits, was negative 9.2 percent in July from a decline of 8.0 percent in June. The 12-month growth rate of short-term deposits other than overnight deposits - M2-M1 - was 23.9 percent in July compared to 24.0 percent in June. The 12-month growth rate of marketable instruments - M3-M2 - fell to 20.6 percent in July from 22.8 percent in June.

Thus, the FTSE Mib is up 0.7% to 28,413.74, as is the Mid-Cap to 41,352.22, the Small-Cap is up 0.3% to 26,849.66 as is Italy Growth to 8,872.05.

In Europe, Paris' CAC 40 is up 0.8 percent and Frankfurt's DAX is up 0.5 percent while London is closed for Bank Holiday.

On the blue chip list, Eni is in the green by 1.0 percent after reporting Monday that it has started oil and gas production from the Baleine field in the deep waters of the Ivory Coast.

This milestone comes less than two years after the discovery in September 2021 and less than a year and a half after the final investment decision. It is the first zero-emission production project - Scopes 1 and 2 - in Africa.

ERG and Snam trade around parity after opening in the red, and are down 0.2 percent and 0.1 percent at mid-day.

Doing best of all are Nexi, Saipem and Telecom Italia, up 1.8%, while Iveco Group is up 1.7%.

Good buys also on Banca Monte dei Paschi di Siena, which advances 1.6 percent while Banco BPM is in the green by 1.4 percent.

On the Mid-Cap, Danieli & C remains at the top with a plus 4.4 percent while Salcef Group, in the red by 0.8 percent, ends in the tail.

The company reported Wednesday that its subsidiary Salcef won the tender called by ANAS--of the FS Italiane group--for the construction of one of the key projects for the Jubilee 2025 in Rome. Specifically, the project involves the burying of the existing road system in Piazza Pia through the extension by about 130 meters of the existing underpass built as part of the Jubilee 2000 works.

Thanks to this intervention, a continuous pedestrian path will materialize between the area in front of Castel Sant'Angelo and Via della Conciliazione, resulting in an improved usability of a stretch now affected by intense vehicular flow. The contract amount is approximately EUR35 million.

On the Small-Cap, Trevi Finanziaria Industriale does best with 5.4 percent followed by Monrif with 4.1 percent and BasicNet, which advances with 2.4 percent.

Itway gives up 1.1 percent. The company reported on Friday that its subsidiary 4Science continued its upward trend during the first half of the year, recording 117% order growth over the first half of 2022, reaching an order value of more than EUR1.2 million.

Among the bearish performers, Olidata is in the red by 6.0% and finishes at the bottom.

Among SMEs, Riba Mundo Tecnologìa is up 2.2% after reporting Friday that its greenshoe option was fully subscribed by Banca Profilo.

The 11,200 shares subscribed by the company's global coordinator and specialist were made available by Marco Dezi at a price of EUR19.70 each, for a total transaction value of EUR220,640. Following the exercise of the greenshoe option, the company's free float increased to 12.1 percent.

International Care Company--up 3.0 percent after closing up 7.7 percent--reported Friday that Intesa Sanpaolo Vita's entry into the company's capital was finalized. The latter subscribed to a EUR500,507.70 reserved capital increase made through the issuance of 238,337 new ordinary shares of ICC at EUR2.10 each and took over 238,338 shares from shareholder FD Holding.

In New York on Friday, the Dow Jones closed up 0.7 percent to 34,346.90, the S&P up 0.7 percent to 4,405.71, and the Nasdaq in the green by 0.9 percent to 13,590.65.

In Asia, the Nikkei closed up 1.7 percent, the Shanghai Composite up 1.1 percent while the Hang Seng finished up 1.0 percent.

Among currencies, the euro changed hands at USD1.0818 versus USD1.0787 in Friday's European equities close while the pound was worth USD1.2588 from USD1.2571 on Friday evening.

Among commodities, Brent crude is worth USD84.68 per barrel versus USD84.22 per barrel at Friday's close. Gold, on the other hand, trades at USD1,915.44 an ounce from USD1,909.42 an ounce Friday night.

On Monday afternoon's economic calendar, at 1630 CEST, eyes on the Dallas Fed's business index while, at 1730 CEST, an auction of three- and six-month Treasury bonds is scheduled. At 1900 CEST, however, it will be the turn of bonds with two- and five-year maturities.

By Chiara Bruschi, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Copyright 2023 Alliance News IS Italian Service Ltd. All rights reserved.