(Alliance News) – European stock markets continued to trend downward on Tuesday in a context of general caution. Investors are closely watching the possible implications of a potential second Donald Trump term for the global economy, as the president-elect gradually unveils details of what his governing team will be.
On the macroeconomic front, the ZEW index of German economic sentiment fell unexpectedly, influenced by Trump’s victory and the difficulties of the German government coalition. In this regard, Germany’s main political parties have agreed on a timetable that could lead to snap general elections on February 23, a source in Chancellor Olaf Scholz’s Social Democratic Party said on Tuesday.
On the economic data front, Germany’s annual inflation rate was confirmed at 2.0 percent in October by data released by the Federal Statistics Office on Tuesday, accelerating from the highest rate three-and-a-half year low of 1.6 percent in September and in line with preliminary estimates.
This is the highest inflation in three months, with services inflation accelerating to 4% from 3.8% in September, food inflation to 2.3% from 1.6%. , and goods inflation rebounding to 0.4% after a decline of 0.3%.
Looking at all securities, only 17% are up, 36% are down, 4% are unchanged and 43% are not traded, for a trading value of around 1.0 billion euros.
The FTSE Mib is therefore down 1.1%, to 33,978.82 euros.
In Europe, London’s FTSE 100 fell 1.0%, Paris’ CAC 40 fell 1.3% and Frankfurt’s DAX fell 0.9%.
Among the smallest stocks, mid-caps lost 0.7% to 46,988.27, small caps 0.8% to 27,687.25 and Italy grew 0.3% to 7,774.42.
On the list of the largest capitalizations in Piazza Affari, a good session for STMicroelctronics, which is up 2.7% to 25.90 euros per share, after a gain of 2.6% on the day.
Among the few contributors to the increase, we find Leonardo, which is up 1.5%. IDV, the brand of the Iveco group (+0.1%) specializing in defense and civil protection vehicles, enters the joint venture created by Leonardo and the German Rheinmetall, writes Il Messaggero on Tuesday. IDV’s share will be between 12% and 15% of the total assets of the joint venture, which will be responsible for the production of tracked combat vehicles for the Italian army.
UniCredit – down 0.4% – announced on Tuesday that it had repurchased 5.5 million of its own ordinary shares between November 4 and 8. The shares were repurchased at an average price of EUR 40.4285 for a total value of EUR 224 million. At the end of these operations, the company holds 77.9 million shares, or 4.8% of the capital.
A2A’s board of directors – down 1.3% – reviewed accounting data as of September 30, closing with a net profit attributable to the group of 713 million euros, up 288 million euros per year. compared to the previous year, when it amounted to 425 million euros. For the reporting period, the group’s revenues amounted to EUR 9.09 billion, a decrease of 17% compared to the previous year.
Mediobanca – with a deficit of 7.1% – said on Tuesday it closed the first quarter with a net profit of 330 million euros, compared to 351.3 million euros for the same period of the previous year, which is completed on September 30, 2023. Net interest income amounted to 485 million euros, compared to 495.7 million euros as of September 30, 2023.
On the Mid-Cap, Alerion Clean Power – in the green by 3.8% – announced that it has signed with Alperia Greenpower Srl – a 100% subsidiary of Alperia Spa – a sale and purchase agreement concerning an equal joint venture for the development and management of a portfolio of wind power plants in Puglia, with a total capacity of approximately 120 MW, of which 62 MW already operational and 58 MW under construction.
Fincantieri, for its part, increased by 0.3%, after the 7.7% gain recorded on Monday at the close. It is worth mentioning that the company announced on Monday that it had successfully completed the campaign for the approval of the company’s first widespread shareholding and co-investment plan, which saw a significant participation of the group’s employees in Italy , in Norway and the United States.
Salcef, meanwhile, rose 0.2 percent, with results expected on Thursday and a price in the region of 25.90 euros per share.
Caltagirone is down 1.3% at 6.14 euros, after hitting a new 52-week high of 6.28 euros per share.
Tinexta, on the other hand, is down 5.5 percent to EUR 7.54. The stock updated its 52-week low at 7.48 euros during trading.
Sesa – in the red by 1.2 percent – reported on Monday that it had purchased 19,500 of its own ordinary shares between November 4 and 8. The shares were acquired at an average price of 78.26 euros per share, for a total value of 1.5 million euros.
In the small-cap sector, Newlat Food – up 5.1 percent – announced on Tuesday that it had closed the first nine months with consolidated combined sales of 2.03 billion euros, which constitutes a record for the group. Net profit for the period amounted to 170.8 million euros, compared to 18.2 million euros for the first nine months of 2023.
Centrale del Latte d’Italia shares remained stable at 2.74 euros. The company approved its results for the nine months ended September 30, ending the period with a net profit of €8.3 million, up from €6.3 million for the nine months ended September 30. September 2023.
Eems drops 3.2 percent to EUR 0.1723, heading for its third consecutive bullish candle.
Seco, on the other hand, fell 3.5 percent. The company and Raspberry Pi announced Tuesday that they have signed a strategic business agreement aimed at expanding their business opportunities by collaborating on hardware and software development.
Seri Industrial, meanwhile, fell 0.7 percent to 2.92 euros, following a 0.2 percent decline in the previous session. On the MarketScreener platform, the stock – on the average of two analysts – is listed with a target price of 7.40 euros per share, which makes it undervalued by almost 152%.
Among SMEs, Adventure grew by 9.4%, after falling by more than 13% the day before.
Omer – in the green by 1.8% – announced on Tuesday that it had signed a contract with Alstom via its subsidiary Omer North America Corp for the supply of technical components and furnishings for trains put into service by Metra, a company which supplies public transportation in the Chicago metropolitan area. The order awarded to OMER concerns the supply of hat box modules and ventilation systems for 221 cars.
Energy – 1.1 percent in the green – announced on Monday that it had acquired an additional 13.5 percent stake in EnergyInCloud, of which it already held 73 percent. The company invested 20,000 euros for this participation, which was taken over by a minority shareholder of the subsidiary.
Ambromobiliare, for its part, positioned itself at the back of the pack, losing 5.5%, its price being in the region of 1.04 euros.
In New York, the Dow closed last night up 0.7%, while the Nasdaq rose 0.1% as did the S&P 500.
Among currencies, the euro was trading at $1.0616 compared to $1.0640 on Monday when European stock markets closed. The pound is worth 1.28/16 USD against 1.2859 USD Monday evening.
Among raw materials, a barrel of Brent is worth 72.25 USD against 71.88 USD Monday evening. Gold is trading at $2,596.15 per ounce compared to $2,602.31 per ounce last night.
On Tuesday’s macroeconomic calendar, the monthly OPEC report is expected to be released at 1300 CET from the United States.
By Maurizio Carta, journalist at Alliance News
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