(Alliance News) - On Tuesday, major European stock markets trade mixed after the release of some macroeconomic data and those on investor sentiment in the Eurozone.

Thus, the FTSE Mib is up 0.1 percent to 28,539.19, the Mid-Cap is down 0.5 percent to 41,192.65, the Small-Cap gives up 0.1 percent to 26,763.10, and Italy Growth is in fractional green at 8,780.39.

In Europe, London's FTSE 100 rises 0.4 percent to 7,526.78, Paris' CAC 40 is down 0.1 percent to 7,270.28 and Frankfurt's DAX 40 is down 0.5 percent to 15,726.40.

In macroeconomic news, the ZEW indicator of economic sentiment for the Eurozone released Tuesday fell to minus 8.9 in September from minus 5.5 in the previous month, below market expectations of minus 6.2.

In September, about 59 percent of analysts surveyed expected no change in economic activity, 25 percent a worsening and 16 percent an improvement in economic activity.

The ZEW indicator of economic sentiment for Germany, released Tuesday, rose slightly to minus 11.4 in September, up from the previous month's reading of minus 12.3 and exceeding market expectations of minus 15.0.

The improved economic outlook for Europe's largest economy is in line with a considerably more optimistic view of international stock market developments, driven by rising expectations of interest rate stability in the Eurozone and the United States and anticipations of further interest rate policy easing in China.

Back in Milan, on the main index of Piazza Affari, Saipem is in the green by 1.0 percent. Of note, the company reported that it has been awarded two new contracts for offshore assets in the Ivory Coast and Italy, worth a total of EUR850 million. Also of note, Capital Fund Management raised its short position on Saipem to 1.12% from 1.0%.

Stellantis does best of all and takes the top spot with an asset of 1.5%. Tenaris also does well, up 0.8%.

Eni -- in contrast to the trend of Saipem and Tenaris -- gives up 0.4%, after announcing that it successfully placed an offering with a total face value of EUR1 billion of senior unsecured sustainability-linked convertible bonds.

Doing well is Unipol, up 0.2 percent, after announcing--along with UnipolSai flat on the Mid--that it and UnipolSai had initiated related buyback programs for its own ordinary shares earlier in the day.

Unipol launched a buyback for a total of 385,000 shares, which can be purchased by the company itself and its subsidiary UnipolSai: Unipol's program relates to a maximum of 85,000 shares in the company equal to about 0.1% of its share capital, for a maximum period of 18 months and a spending limit of EUR300 million; UnipolSai's program, on the other hand, relates to a maximum of 300,000 Unipol shares, has a maximum validity of 18 months and a spending limit of EUR100 million.

UnipolSai let it be known that the program is for a maximum number of 850,000 shares, for a maximum term of 18 months and an expenditure limit of EUR100 million.

Sitting on the fund is Campari - in the red by 5.3 percent - which announced that Bob Kunze-Concewitz is retiring as CEO from April 2024. Matteo Fantacchiotti, Managing Director Asia Pacific, in order to ensure a smooth handover, is appointed Deputy CEO effective immediately and

will take over as CEO as of April 2024.

Bob Kunze-Concewitz will remain on the board as a nonexecutive member.

On the Mid-Cap, Antares Vision gives up about 15 percent after it reported figures for the first half of the year on Monday, in which orders of EUR174 million were reported, up 22 percent from the same period last year.

The loss is EUR7.3 million from one of EUR1.8 million as of June 30, 2022.

ENAV gives up 0.2 percent after it disclosed Friday that it has signed four new contracts through its subsidiaries IDS AirNav and Techno Sky to supply systems to optimize flight data and improve airspace efficiency, with India, Norway, Romania, and Kosovo.

The total amount is about EUR11 million.

Webuild loses 0.1 percent after it reported Thursday that it continues to grow in Australia and expand into segments new to the group. Australian subsidiary Clough won the AUD420 million contract to build the Shiplift at the Port of Darwin on Australia's north coast. The project involves the construction of a modern system for the lifting, ground handling and launching of small and large vessels, which will consolidate the coastal city's role as a major hub for ship maintenance and support services in the region.

On the Small-Cap segment, Newlat Food -- in the green by 5.4 percent -- on Tuesday reported a net profit of EUR10.7 million in the first half of the year, up triple digits from EUR2.2 million in the same period last year.

As of June 30, consolidated revenues were EUR413.3 million, up 23 percent from EUR355.5 million.

Beghelli -- in the red by 0.9 percent -- disclosed Monday that it had approved results for the first half of the year in which the company posted a loss of EUR1.6 million, from a profit of EUR450,000 in the same period a year earlier.

Consolidated sales as of June 30 stood at EUR82.4 million, up 10 percent from EUR74.8 million in the first half of 2022.

Landi Renzo's board of directors -- up 0.6 percent -- reported that the company posted a loss of EUR20.9 million in the first half of the year, worsening from a loss of EUR6.6 million as of June 30, 2022.

Consolidated revenues amounted to EUR151.8 million, up 5.1 percent from EUR144.4 million in the same period last year.

Among SMEs, Spindox climbs 1.0 percent after announcing Tuesday that it has been chosen by Edenred Italy to provide first-level service desk, i.e., support for the resolution of issues that directly impact the operations of internal users regarding the use of ICT applications and systems.

The contract covers a three-year period and has a total value of EUR1.7 million.

In Asia, the Nikkei rose 1.0 percent to 32,776.37, the Hang Seng gave up 0.4 percent to 18,025.89, and the Shanghai Composite lost 0.2 percent to 3,137.06.

In New York on Monday, the Dow Jones closed in the green by 0.3% at 34,663.72, the S&P finished up 0.7% at 4,487.46, while the Nasdaq closed in the green by 1.1% at 13,917.90.

Among currencies, the euro changed hands at USD1.0720 versus USD1.0745 in Monday's European equities close, while the pound was worth USD1.2468 from USD1.2528 on Monday evening.

Among commodities, Brent crude is worth USD91.38 per barrel versus USD90.35 per barrel at Monday's close. Gold, meanwhile, trades at USD1,942.20 an ounce from USD1,944.75 an ounce on Monday evening.

On Tuesday's economic calendar from overseas comes the Small Business Optimism report at 1200 CEST, while the EIA's near-term energy forecast is due at 1800 CEST.

By Claudia Cavaliere, Alliance News reporter

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