(Alliance News) - On Monday, European stock markets continued to post mid-session gains after Eurozone and EU confidence data.

In October, the economic sentiment indicator stabilized both in the EU, rising 0.2 points to 93.1, and in the eurozone, falling 0.1 points to 93.3, as released Monday by the European Commission.

Consumer confidence remained unchanged as consumers' views on their past financial situation and intentions to make major purchases improved, which were offset by worsening expectations about their future financial situation and their country's general economic situation.

As a result, the FTSE Mib is up 0.6 percent to 27,461.45, the Mid-Cap gains 0.7 percent to 37,873.01, the Small-Cap rises 0.4 percent to 24,082.63, and Italy Growth is in the green 0.1 percent to 7,603.56.

London's FTSE 100 is up 1.0 percent, Paris' CAC 40 is up 0.7 percent as is Frankfurt's DAX 40.

On the main list of Piazza Affari, UniCredit reverses course and rises 0.3 percent in mid-session after announcing the start of the first tranche of the 2023 share buyback approved by the shareholders' meeting last October 27, for a maximum amount of EUR2.5 billion and for a number of shares not exceeding 160 million.

The first tranche is expected to be completed indicatively by March 2024.

Among the few bearish performers, FinecoBank gives up 0.4 percent.

At the top is Prysmian, up 2.8 percent, followed by Saipem, up 1.8 percent, and Mediobanca, which gains 2.6 percent after announcing that the shareholders' meeting, which met on Saturday, resolved to distribute a gross dividend per unit of EUR0.85 to each of the eligible shares to be paid as of Nov. 22 with record date Nov. 21 and ex-dividend date 39 on Nov. 20.

Telecom Italia is up 1.0 percent. Saturday confirmed, at Consob's request, that on Friday it had received a communication from Merlyn Advisor LTD and RN Capital Partners, "which, moreover, had already been widely circulated when it was sent to the company," the note says, referring to a parallel offer to that of KKR.

On the new offer, however, rejection has already come from the government. According to Bloomberg reports, for the executive, "there is no alternative plan for TIM."

Eni rises 1.3 percent. On Friday morning, the company reported that its board of directors approved consolidated results for the third quarter and nine months, reporting a sharp decline in earnings but announcing an upward revision of estimates for Ebit and cash flow for the full year, along with an acceleration of its buyback program.

Leonardo - up 1.8 percent - and Fincantieri - up 4.9 percent on the Mid-Cap - on Friday announced the signing of a memorandum of understanding in the diving domain, with the aim of pooling their respective expertise and capabilities in the sector.

The initiative also comes in light of the imminent establishment of the National Underwater Pole, the Italian center that will go to strengthen research and innovation in the underwater environment, to secure the latter and foster industrial and economic opportunities.

Also on the cadet list, Maire Tecnimont--up 3.6 percent--reported revenues of EUR3.08 billion in the first nine months of the year, up 23 percent from EUR2.51 billion in the same period last year.

As of September 30, net income amounted to EUR88.6 million from EUR61.4 million a year earlier and up 44%

At the top of the list, where the bullish prevail, is Piaggio & C. with a plus 2.7 percent, followed by Banca Ifis, up 2.9 percent.

On the Small-Cap, Seri Industrial is up 2.0 percent after reporting that the board of directors reviewed some figures for the first nine months of the year, which closed with revenues at EUR127.3 million, down 10 percent from EUR140.7 million in the same period of 2022.

Elica gives up 1.7 percent. In the first nine months of the year, the company reported normalized net income of EUR11.7 million from EUR17.1 million in the same period last year, down 32%.

As of September 30, revenues amounted to EUR360.1 million from EUR419.0 in 2022 and down 14 percent.

Olidata is up 1.7 percent after announcing on Friday that, with reference to the RTI tender of Poste Italiane Spa, awarded to Sferanet, an Olidata group company and 51 percent principal on Lots 1 and 2 worth EUR9 million, the contract term will be four years.

The project aims to create the largest national network of coworking spaces and training events for citizens, offering innovative solutions and opportunities for growth throughout the country, according to the company.

Among SMEs, Imprendiroma is not yet affected by the exchanges. The company announced Friday that the previously disclosed backlog of orders - amounting to EUR165.3 million - to be executed in the 2022-2023 biennium will be completed by the first quarter of 2024.

As of Sept. 30, the value of the contracted orders to be executed in the 2024 fiscal year is EUR35.1 million related to residential, public and private, as well as artistic projects with the Holy See, plus a portfolio of additional project proposals to the already contracted initiatives worth EUR69.5 million.

Also trading unchanged was Esautomotion, which reported Friday that it had revenues of EUR27.6 million in the first nine months, up from EUR25.3 million in the same period last year.

SolidWorld Group rises 2.7 percent. On Friday, it unveiled a global premiere-at the BIO3DModel and Bio3DPrinting Technology Cluster-"Electrospider," the first 3D bioprinter capable of replicating human cell tissue.

In Asia, the Nikkei closed 1.0 percent in the red at 30,696.96, the Hang Seng closed just above par at 17,406.36, and the Shanghai Composite finished up 0.1 percent at 3,021.55.

In New York, the Dow closed Friday 1.1 percent in the red at 32,417.59, the Nasdaq rose 0.4 percent to 12,643.01 and the S&P 500 gave up 0.5 percent to 4,117.37.

Among currencies, the euro changed hands at USD1.0575 against USD1.0579 recorded in Friday's European equities close while the pound was worth USD1.2125 from USD1.2144 as of Friday.

Among commodities, Brent crude is worth USD89.43 per barrel from USD88.42 per barrel at Friday's close. Gold, on the other hand, trades at USD1,996.82 an ounce from USD1,981.79 an ounce Friday evening.

Monday's economic calendar features U.S. three- and six-month T-Note auctions at 1730 CET.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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