(Alliance News) - On Monday, Piazza Affari -- in line with other European exchanges -- closed lower, bringing the point level down to the 28,500 area, with trading rooms maintaining a cautious stance in anticipation of a week in which, in addition to important macro data, meetings of major central banks are scheduled, chief among them that of the Federal Reserve, as well as the Bank of England and the Bank of Japan.

On Eccles Building, in the CME Group platform's FedWatch Tool, using futures also based on the actual federal funds rate, or EFFR, the rate confirmation in Wednesday's meeting has a 99 percent probability for the 525/550 bp range confirmation. In contrast, the 25 bps rise in the 550/575 bps target is priced at 1%.

Thus, the FTSE Mib gave up 1.1 percent to 28,585.86. The Mid-Cap gave up 1.1 percent to 40,606.97, while the Small-Cap gave up 1.0 percent to 26,332.49 and Italy Growth instead picked up 0.1 percent to 8,628.90.

In Europe, London's FTSE 100 gives up 0.4 percent, Paris' CAC 40 is in the red by 1.1 percent and Frankfurt's DAX 40 retreats with 0.6 percent.

In Milan, on the main list of Piazza Affari, in the small group of bullish performers are bankers, including Banca Monte dei Paschi di Siena, up 2.1 percent in its fourth session among the bullish.

Banco BPM and BPER Banca, also up, are up 1.6 percent and 1.8 percent, respectively.

Moncler, on the other hand, gave up 3.1 percent after three sessions on the bullish side.

ERG, on the other hand, left 2.8% on the parterre, with new price at EUR24.84 in the wake of the red with which it closed Friday's session.

CNH Industrial - in the red by 0.4 percent - announced Friday evening that it had bought back its own shares between September 6 and 8 for a total of EUR2.7 million. The stock repeats the last session's equally slight loss.

On the Mid-Cap, on a positive note-among others-was GVS, which took home 5.4 percent after the 1.2 percent decline with which it closed the previous session.

Credito Emiliano -- in the green by 1.6 percent -- announced Monday that it has submitted an invitation to take over EUR200.0 million of the EUR500.0 million bond maturing in October 2025. The offer expires on September 25. Meanwhile, Credem announced that, as part of its EUR5.00 billion EMTN program, it intends to issue new bonds denominated fixed to floating rate senior preferred social, in euros and maturing in March 2030, to be offered on market terms to qualified investors.

Maire Tecnimont -- in the green by 0.1 percent -- on Monday announced that it is known that the Commission de Surveillance du Secteur Financier of the Grand Duchy of Luxembourg has approved the prospectus for the public offering of Maire bonds to 2028. Specifically, this is a non-convertible bond for up to EUR200 million, with a maturity of five years and a minimum fixed interest rate of 6 percent pa. The minimum denomination that can be subscribed is EUR1,000 and the issue price is 100 percent of par value.

Technoprobe, on the other hand, gave up 4.0%, veering downward after two sessions among the bullish.

Negative balance, among many, also for Brunello Cucinelli, which posted minus 3.1% after Friday night's 1.4% green.

On the Small-Cap, Olidata closed up more than 10% with new price at EUR0.74 per share, in its second bullish session in a row.

Itway also did well, advancing 4.6 percent. The company reported on Monday that its subsidiary 4Science Spa, which is consolidated in Itway's financial statements and specializes in the Big Data, Digital Repositories and Data Management Systems market, reported first-half revenues at EUR1.7 million, up 37 percent from the same period in 2022 when they were EUR1.2 million, and Ebitda at EUR121,708 from EUR201,182 in the first half of 2022. However,the company posted a loss of EUR49,880, from a profit of EUR30,607 in the same period last year, pushed down by a 40 percent increase in personnel costs.

Orsero rises 1.7 percent after reporting that it reported adjusted net income of EUR33.4 million in the first half of the year, up 57& from EUR32.4 million reported in the same period in 2022. On Friday, the company announced the launch of a share buyback program for a maximum of 70,000 shares, worth up to EUR1.0 million.

Giglio.Group, on the other hand, closed down 4.9 percent, in its third session among the bearish.

Restart left 3.9 percent on the parterre, after closing flat on Friday evening.

Beewize--down 2.2%--reported Friday that the board of directors approved the condensed consolidated half-year financial statements as of June 30 reporting a loss of EUR673,000 from a loss of EUR1.8 million in the first half of 2022. Net revenues amounted to EUR2.65 million in line with EUR2.59 million in the same period last year.

Among SMEs, Arterra Bioscience advanced more than 11 percent bringing the new price to EUR1.80, with the last bullish session dating back to the last session in August.

In contrast, Iervolino & Lady Bacardi rallied more than 12 percent, with new price at EUR1.04.

On a negative note, mention is made of Copernicus, which in the rear marks a minus 5.9 percent on its fourth bearish session.

GEL, on the other hand, gave up 0.3%, setting the bar at EUR1.51.

In New York, the Dow is in the green by 0.2% as are the Nasdaq and the S&P 500.

Among currencies, the euro changes hands at USD1.0689 versus USD1.0671 at Friday's European equities close, while the pound is worth USD1.2394 from USD1.2400 on Friday evening.

Among commodities, Brent crude is worth USD94.73 per barrel versus USD93.81 per barrel at Friday's close. Gold, on the other hand, trades at USD1,927.49 an ounce from USD1,949.15 an ounce Friday night.

On Tuesday's economic calendar, from the Eurozone at 1000 CEST comes the current account balance, followed at 1100 CEST by the consumer price index.

From the U.S. at 1430 CEST comes the various reports on the construction industry, while at 2230 CEST the weekly oil stocks figure will be in.

On the corporate calendar, results from Franchi Umberto Marmi, Gibus and Toscana Aeroporti are expected.

By Maurizio Carta, Alliance News reporter

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