(Alliance News) - European stock markets opened the new year on a positive note Tuesday, with trading venues attempting to ride the wave with which they closed last year. Indeed, cooling inflation, economic resilience and expectations of interest rate cuts continued to support equities globally.
Thus, the FTSE Mib, marks a 1.4 percent rise to 30,768.11.
In Europe, London's FTSE 100 is advancing 0.2 percent, Paris' CAC 40 is advancing 0.6 percent, and Frankfurt's DAX 40 is marking plus 0.7 percent.
Among the smaller lists, the Mid-Cap is advancing with 0.7 percent to 44,874.64, the Small-Cap is marking a green of 0.6 percent to 28,493.22, and Italy Growth is gaining 0.5 percent to 8,345.19.
On the Mib, Enel -- up 0.9 percent -- on Friday reported that through its wholly owned subsidiary Enel Green Power Spa, it finalized the sale of 50 percent of Enel Green Power Hellas, EGP's wholly owned renewable subsidiary in Greece, to Macquarie Asset Management, acting through Macquarie Green Investment Group Renewable Energy Fund 2. Thus, EGP received total consideration of about EUR350 million, equivalent to an enterprise value, on a 100% basis, of about EUR980 million.
Leonardo is also off to a good start, marking a plus 1.6 percent at EUR15.18 per share.
Saipem, on the other hand, advances 1.5 percent, rearing its head after Friday night's 0.3 percent red.
Parent company Eni, on the other hand, marks a plus 1.4%, rearing its head after two bearish sessions.
Purchases also on Prysmian, which registers a plus 1.5% at EUR41.73, touching a 52-week high of EUR41.84.
On the MidCap, Buzzi is picking up 2.0%, after two sessions ended in the red.
High quarters also for Maire Tecnimont, which scores a plus 1.6 percent with price at EUR5.00, with equities stroking a 52-week high at EUR5.05.
Technogym -- up 0.3 percent -- on Monday announced that it had purchased -- in the period between Dec. 27 and Dec. 29 -- a total number of 41,000 treasury shares. The daily weighted average price amounted to EUR9.13 per share for a total value of approximately EUR375,000.
MFE-MediaForEurope also opened in good shape. As it wrote in a note Friday, 2023 was a record year for Mediaset ratings. As the company reports, "despite not being among its listening targets, Mediaset steadily surpasses its public competitor on all Italians considering the full year and all events. Auditel certifies this by recording the steady increase in the audience of Mediaset networks in all the main programming slots. A historic result." Class A shares opened in the green 1.3 percent, while Class B shares marked a plus 0.7 percent.
On the SmallCap, Trevi Finanziaria Industriale advanced 3.5 percent, following a 2.5 percent loss Friday night. The stock had previously come off two bullish sessions in which it rallied an aggregate of more than 28%.
Mondo TV, on the other hand, rises 3.4 percent, with new price at EUR0.3045, pointing the headlights toward the third session to close on the bullish side.
Gas Plus, on the other hand, advances 2.6%, reversing course after a seven-session downtrend.
Fiera Milano, on the other hand, advances 2.5 percent, bringing the price to EUR2.83 per share, in its fifth session to be bullish.
Among SMBs, Altea Green Power advances more than 5.9 percent, following Friday night's 4.2 percent decline. The stock had previously come from six bullish sessions.
Erredue, on the other hand, rises 4.4 percent, in its fifth bullish session.
On a negative note, in a still uneventful list, Cloudia Research is contracting 4.4% to EUR5.35 per share, following up on its previous two bearish sessions.
G Rent, on the other hand, is giving up 4.1 percent, profit taking after four consecutive sessions of gains.
In New York on Friday evening, the Dow closed down 0.1 percent, the Nasdaq gave up 0.6 percent, and the S&P 500 left 0.3 percent on the parterre.
Among currencies, the euro changed hands at USD1.1033 against USD1.1054 recorded in Friday's European equities close while the pound was worth USD1.2735 from USD1.2738 on Friday evening.
Brent crude is worth USD78.34 per barrel versus USD77.64 per barrel at Friday's close. Gold, on the other hand, trades at USD2,073.38 an ounce from USD2,076.30 an ounce Friday night.
On Tuesday's macroeconomic calendar, at 1200 CET, data on car registrations in Spain are published.
Overseas, at 1545 CET, it is the turn of the US manufacturing purchasing managers' index. At 1600 CET, the data on construction spending is published.
On the bond front, at 1455 CET, three-, six- and 12-month French BTF auctions are published in France. From the US, at 1730 CET, it is the turn of Treasury bond auctions with three- and six-month maturities.
Among companies listed on the Milan Stock Exchange, no particular announcements are expected.
By Maurizio Carta, Alliance News reporter
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