(Alliance News) - European stock markets move in a bearish trend Wednesday as trading rooms filter a cautious sentiment ahead of key inflation data from the U.S. later in the day and from the euro area for this week, as well as assessments on various sopcietary reports that gradually take space on calendars.

As a result, the FTSE Mib is down 0.4 percent to 32,586.25.

Paris' CAC 40 is just below parit, Frankfurt's DAX 40 marks a green of 0.1 percent, and London's FTSE 100 is giving up 0.3 percent.

Among the smaller listings, the Mid-Cap is giving up 0.5 percent to 45,843.77, the Small-Cap is marking a red 0.4 percent to 28,111.95, and Italy Growth is picking up 0.1 percent to 8,272.18.

On the Mib, among the bullish pochia is Telecom Italia, which carries the bar up 1.8 percent on the heels of the eve's gain closed with a plus 0.6 percent.

Also doing well is Unipol, which advances 1.0%, continuing on Tuesday's green with a plus 0.1%.

Sales on Saipem, which gives up 1.0% after closing as best Tuesday with a plus 4.3%. The stock will release financials later in the day, while it is reported that Citadel Advisors raised its short to 0.50% from 0.44%, while PDR Partners raised it to 0.82% from 0.78% previously.

The tail end of the list is for Nexi, which marks a minus 3.4 percent after the previous session's 0.4 percent green.

On the cadet segment, Technogym marks minus 2.5% at EUR8.73 per share, in its third bearish session.

Ariston Holding, on the other hand, is giving up 1.7 percent, with price at EUR5.61, after the previous session's 2.7 percent green.

De' Longhi -- in the money with 0.5 percent -- reported that it has finalized the business combination between its subsidiary Eversys and La Marzocco International LLC. For the deal, De' Longhi invested USD373 million, including USD200 million for De' Longhi Industrial and USD173 million for La Maezocco's minority sovereigns.

Good buying also on Lottomatica, which is up 1.0% with price at EUR11.60 per share.

On the SmallCap, strength on Centrale del Latte d'Italia, which moves ahead 4.1% to EUR3.06 per share, registering a high trading volume of over 14,000 pieces compared to the three-month daily average of about 4,500.

Antares Vision, on the other hand, advances 2.7 percent to EUR2.4850, on the heels of the eve's green close of plus 5.0 percent.

IGD is leaving over 16% on the parterre. The company disclosed Tuesday that it had ended 2023 with a net loss of EUR81.73 million, specifying that it was discounting higher fair value changes and financial charges. For the full year, recurring net income (FFO) was EUR55.4 million, down more than 17 percent from 2022.

In any case, the company pointed out that the result is higher than the guidance communicated to the market last November, which forecast FFO at the end of the year at around EUR53 million.

Class Editori, on the other hand, is giving up 2.8 percent in the wake of the previous session's 5.1 percent red.

Among SMEs, CrowdFundme takes the top spot by advancing 8.5 percent, rebounding after four sessions with a bearish candle.

Datrix, on the other hand, advances 7.8 percent, on its third bullish session.

Giglio.Com, on the other hand, is giving up 9.7%, on the heels of the eve's passive close of minus 2.0%.

Allcore, on the other hand, is stepping back 3.7 percent.

In New York overnight Europe, the Dow Jones gave up 0.3 percent, the S&P advanced 0.2 percent, and the Nasdaq picked up 0.4 percent.

Among Asian exchanges, the Hang Seng posted a 1.5 percent red, the Shanghai Composite gave up 1.9 percent, while the Nikkei closed down 0.1 percent.

Among currencies, the euro changed hands at USD1.0823 against USD1.0856 recorded in Tuesday's European stock close, while the pound was worth USD1.2654 from USD1.2694 on Tuesday evening.

Brent crude is worth USD83.20 per barrel versus USD83.27 per barrel at Tuesday's close. Gold, meanwhile, trades at USD2,028.75 an ounce from USD2,034.11 an ounce on Tuesday evening.

Wednesday's calendar includes at 1000 CET Italian business and consumer confidence levels while at 1100 CET it will be the turn of the same data from the Eurozone. At 110 CET, an auction of Treasury bonds with five- and 10-year maturities is scheduled in Italy.

At 1300 CET, on the other hand, the mortgage report will be released from the U.S., while at 1430 CET, the Gross Domestic Product figure for the fourth quarter is due. At 1630 CET, the report on crude oil stocks and Cushing's invenatario will arrive, in addition to the EIA report.

Among the speeches to follow are those of Bostic and Williams of the FOMC, scheduled at 1800 CET and 1845 CET, respectively.

Among the companies in Piazza Affari, results from G Rent, Lottomatica Group, Moncler, Poste Italiane, Prysmian and Saipem are expected.

By Maurizio Carta, Alliance News reporter

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