(Alliance News) - On Tuesday,major European stock markets are expected to be in positive territory according to IG futures on a quiet morning on both the macroeconomic front and results of companies listed in Piazza Affari.

Thus, futures give the FTSE Mib in the green by 0.2 percent or up 52.5 points after closing up 0.2 percent at 27,179.37.

Paris' CAC 40 is expected to be in the green by 28.0 points or up 0.4 percent, Frankfurt's DAX 40 is given up 47.0 points or up 0.3 percent, while London's FTSE 100 is expected to be in the green by 0.4 percent or up 26.5 points.

Among Italy's smaller lists on Monday, the Mid-Cap closed up 0.3 percent at 43,859.68, the Small-Cap gave up 0.4 percent to 29,890.71, and Italy Growth gained 0.1 percent to 9,392.98.

On the main list in Piazza Affari, oil stocks led the way with Saipem closing on top up 4.4 percent followed by Eni finishing up 4.1 percent and Tenaris gaining 3.0 percent.

UniCredit did well, up 3.0%. The company announced Monday that, in implementation of the March 31, 2023 resolution, it has defined the implementing procedures for the execution of the first tranche of the share buyback program for a maximum amount of EUR3.34 billion, which the company intends to execute in two tranches, the first of which is for EUR2.34 billion.

BPER Banca - up 0.9% - and UnipolSai Assicurazioni have signed an agreement to launch a strategic business partnership in the long-term rental sector to be achieved, among other things, through the merger by incorporation of Società Italiana Flotte Aziendali Spa, a wholly owned entity of BPER Banca, into UnipolRentalSpa, the latter company controlled by UnipolSai.

On the Mid-Cap, the board of Buzzi Unicem -- in the green by 2.2 percent -- met Wednesday to approve the statutory and consolidated financial statements for the year ended Dec. 31, 2022, in which the company reported a profit of EUR458.8 million down from EUR542.3 million in 2021. The board also approved a proposed dividend of EUR0.45 per share, effective May 24, 2023 with an ex-dividend date of May 22, 2023 and "record date" May 23, 2023.

Saras ended at the bottom and gave up 4.4 percent while Seco finished on top with an 8.0 percent gain.

On the Small-Cap, Gequity flew and closed up 36%.

Monrif advanced 2.8 percent after reporting Monday its results for the year 2022 reporting a profit of EUR314,000 improving from a loss of EUR3.3 million reported as of Dec. 31, 2021.

Consolidated revenues amounted to EUR157.9 million compared to EUR149.5 million in the previous

year, an increase of 5.6 percent.

PLC closes down 6.0 percent. Friday reported that 2022 revenues fell to EUR60.0 million from EUR67.7 million in the previous year.

Ebitda ranged from a negative EUR6.5 million to a negative EUR7.5 million from the positive EUR9.7 million in the previous year.

Among SMEs, SCK Group through Sciuker Frames--which closed up 3.2 percent--reported on Monday that Sciuker Ecospace and Banco BPM Spa have signed a strategic partnership to sell EUR30 million in tax credits generated as a result of Super Ecobonus energy upgrades.

Promotica closed up 2.5 percent after announcing Monday that preliminary consolidated sales in 2022 are close to EUR90 million, more than twice 2021's value of EUR39.6 million.

Gismondi 1754 closed up 5.7 percent after announcing Monday that it had closed with Lombardi Srl, a company founded in Valenza in the province of Alessandria in 1951 that operates in the gold and jewelry sector and controlled by LVMH W&J Jewelry Operations Srl of the LVMH Group, on an agreement to acquire the Vendorafa brand and some of the company's assets.

The closing took place on Friday, March 31, and Gismondi 1754 took over the brand and some assets of Vendorafa Lombardi for a total value of EUR608,000.

Farmacosmo gave up 2.4 percent after approving results as of December 31, 2002, with revenues from sales of EUR65.6 million from EUR58.0 million in the same period of the previous year.

Value of production stood at EUR66.6 million from EUR58.4 million as of Dec. 31, 2021.

In Asia, the Nikkei closed in the green 0.3 percent to 28,276.43 and the Hang Seng is giving up 0.8 percent to 20,246.32 as Shanghai is closed for the Ching Ming holiday.

In New York on Monday, the Dow Jones closed in the green 1.0 percent to 33,601.15, the S&P gained 0.4 percent to 4,124.51, while the Nasdaq was down 0.3 percent to 12,189.45.

Among currencies, the euro changed hands at USD1.0891 against USD1.0892 at Monday's close. In contrast, the pound is worth USD1.2409 from USD1.2398 on Monday evening.

Among commodities, Brent crude is worth USD85.25 per barrel versus USD84.71 per barrel on Monday evening. Gold, on the other hand, trades at USD1,996.55 an ounce from USD1,989.87 an ounce at Monday's close.

On Tuesday's economic calendar, with the Shanghai Stock Exchange closed, the Eurozone producer price index is expected at 1100 CET.

In the afternoon, building permits and the trade balance will come out from Canada at 1430 CET.

At 1600 CET, data on durable goods and factory orders are expected in addition to new jobs JOLTs.

At Piazza Affari, the results of Gas Plus are expected.

By Claudia Cavaliere, Alliance News reporter

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