(Alliance News) - On Tuesday, major European stock markets confirm expectations and open in positive territory -- except for London -- as they look ahead to PMI data expected by mid-morning and with China and Hong Kong still closed for Chinese New Year.

Thus, the FTSE Mib is in the green by 0.2 percent to 25,879.57, the Mid-Cap is up 0.3 percent to 43,330.77, the Small-Cap is in the green by 0.1 percent to 29,803.36, while Italy Growth rises 0.6 percent to 9,614.63.

In Europe, Paris' CAC 40 rises 0.2 percent, London's FTSE 100 gives up 0.4 percent, while Frankfurt's DAX 40 rises 0.1 percent.

"PMI data released this morning showed that manufacturing activity in Japan did not improve in January, remaining in the contraction zone, although the services PMI expanded better than expected. The dollar-yen broke above the 130 level Monday, but finds sellers above that level as traders continue to bet against the Bank of Japan's dovish policy, which makes little sense in the current market environment. Buying the yen against the U.S. dollar remains popular," commented Ipek Ozkardeskaya, analyst at Swissquote Bank.

"As for other currencies, EURUSD failed to consolidate gains above the USD1.09 mark yesterday. But today's PMI data could help give the single currency a further boost. If not, the message from the European Central Bank is crystal clear: rate hikes will continue and that is good for the euro. A curious fact: last year the ECB went from one of the most dovish central banks - except for the Bank of Japan and the Turkish central bank - to one of the most "hawkish" central banks in just one year. If the euro weakened below parity last year because of the ECB's dovish divergence, the hawkish correction of the ECB's policy stance should help it recover further."

In Milan, on the main list of Piazza Affari, Terna gives up 0.1 percent, after announcing on Monday that board member Ernesto Carbone has resigned with immediate effect following his appointment by Parliament in joint session as a member of the Superior Council of the Magistracy.

FinecoBank -- in the red by 0.3 percent -- announced Monday that the board of directors will ask shareholders for authorization to purchase up to 246,015 of its own ordinary shares.

The shares, amounting to less than 0.1 percent of its share capital, will be used to actualize the "System 2023 PFA" plan for financial advisers identified as the most relevant personnel.

Eni leaves 0.5 percent on the parterre. The company announced Monday that CEO, Claudio Descalzi, and Sonatrach CEO, Toufik Hakkar, signed strategic agreements in Algiers outlining future joint projects in energy supply, energy transition and decarbonization.

Telecom Italia rises 1.4 percent and takes the lead on the list, after announcing that following approval by its board of directors on Jan. 18 and upon completion of bookbuilding activities, it has placed an EUR850 million fixed-rate unsecured bond offered to institutional investors.

Proceeds from the new issue will be used to optimize and refinance existing debt maturities, the company explained in a note.

On the Mid-Cap, Juventus FC rises 0.6 percent after a 15-point penalty collected Friday night by the Federcalcio's federal appeals court.

Maire Tecnimont - flat at EUR3.51 per share - on Monday announced expansion, through its subsidiary NextChem Holding, into the markets for high value-added derivatives and biodegradable plastics intermediates technologies with the acquisition of an 83.5 percent stake in Conser, a Rome-based proprietary technology and process engineering company.

Autogrill -- in the black by 0.2 percent -- announced Monday evening the resignation of six of the company's directors. In addition, Paolo Roverato announced that he is stepping down as chairman of Autogrill's board of directors, effective upon the board's appointment of a new chairman.

On the Small-Cap, I Grandi Viaggi is still not trading. Of note, the company reported last week that the board approved the draft financial statements as of October 31, 2022, and reviewed the group's consolidated results between November 1, 2021, and October 31, 2022, reporting a net loss of EUR140,000 from a net loss of EUR1.4 million as of October 31, 2021.

Askoll EVA announced on Monday that it has received a new order from Esprinet - down 0.3 percent - for 500 Askoll ULTRA C90A and 500 Sigma Smart Control Center motors that will be mounted on the new K2 MID e-mountain bike model from Nilox, a brand of the Esprinet Group that is among the best-known and most popular in the outdoor technology market.

Delivery is scheduled by the first half of 2023, with a total value of about EUR245,000.

Among SMEs, the board of directors of Marzocchi Pompe -- up 1.5 percent -- on Tuesday reported that it had reviewed some preliminary figures for fiscal year 2022, reporting consolidated net revenues of EUR48.4 million, up 19 percent from the 2021 figure of EUR40.5 million.

Gismondi 1754 trades in the red by 4.2 percent after releasing on Monday evening consolidated operating results for the last quarter of 2022, during which the company reported sales of EUR4.4 million, up 10 percent from EUR4.0 million in the 2021 period.

The growth also covers the full year, during which the company generated total revenues of EUR14.0 million up 44 percent from EUR9.7 million in 2021.

Cofle gives up 4.7 percent. The company announced Tuesday that it had reviewed its as-yet unaudited 2022 revenues of EUR53.7 million, up 3 percent from 2021, when they were EUR52.2 million.

In Asia, the Nikkei closed in the green 1.5 percent at 27,299.19, while-as mentioned-the Shanghai Composite and Hang Seng did not trade due to Chinese New Year celebrations.

In New York on European night, the Dow Jones closed in the green by 0.8 percent at 33,629.56, the S&P finished up 1.2 percent at 4,019.81, and the Nasdaq finished up 2.0 percent at 11,364.41.

Among currencies, the euro changed hands at USD1.0889 versus USD1.0860 at Monday's close. In contrast, the pound is worth USD1.2402 from USD1.2365 on Monday evening.

Among commodities, Brent crude is worth USD87.95 per barrel from USD88.64 per barrel on Monday evening. Gold, meanwhile, trades at USD1,939.70 an ounce from USD1,922.18 an ounce last session.

On Tuesday's economic calendar, at 1545 CET, focus on the manufacturing and services PMI from the US. The day closes at 2230 CET with weekly oil stocks from the States.

On the corporate calendar, however, results from Energy, Finlogic, Grifal, and Italian Sea Group are expected.

By Claudia Cavaliere, Alliance News reporter

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