(Alliance News) - On Monday, Milan turns out to be the worst list in Europe while the others remain just below par.

Thus, the FTSE Mib closes down 0.8 percent to 27,537.07, the Mid-Cap down 0.5 percent to 43,651.27, the Small-Cap gives up 0.9 percent to 29,221.58, while Italy Growth gains 0.5 percent to 9,279.14.

In Europe, London's FTSE 100 does not move from parity, Paris' CAC 40 gives up 0.1 percent, as does Frankfurt's DAX 40.

"Monday's session seems to be the pattern for most of the week: tentative gains that then slip away. "With such an action-packed week, investors are best described as 'nervous,' fearing that data will induce a reversal in the markets, but at the same time hoping for enough good news to give stocks a reason to break out of their recent narrow range," commented Chris Beauchamp, Chief Market Analyst at IG.

In Milan, on the main list of Piazza Affari, ERG ends at the bottom, down 2.0 percent.

It is followed by Leonardo, which gives up 1.9 percent. The company announced Friday that it has delivered the prototype ECRS Mk2-European Common Radar System Mk2-radar to BAE Systems, marking the latest stage in the development program for the UK fleet of Typhoon aircraft.

The company, Leonardo explains in a note, "is developing the ECRS Mk2 in Edinburgh, a site of excellence for combat radar, and in Luton, where the company conducts advanced electronic warfare research, development and production activities."

At the top, however, is Stellantis, up 2.3 percent. Other stocks in the Agnelli Galaxy close mixed, with CNH Industrial in the green by 0.8%, Ferrari up 1.7% while Iveco gives up 1.0%.

Dragging on are the banks, with BPM in the green by 2.2 percent, BPER up 1.4 percent while among the exceptions MPS gives up 1.7 percent, after letting it be known that it has appointed board members.

Chairman Nicola Maione and deputy Gianluca Brancadoro join the board, in addition to Luigi Lovaglio, Paola Lucantoni, Anna Paola Negri-Clementi, Laura Martiniello, Donatella Visconti, Lucia Foti Belligambi, Domenico Lombardi, Paolo Fabris De Fabris, Renato Sala, Stefano Di Stefano, Marco Giorgino, Alessandra Giuseppina Barzaghi and Paola De Martini.

The board then decided that Luigi Lovaglio should remain chief executive officer.

Intesa Sanpaolo--green by 0.9 percent--and Salcef Group--up by 0.5 percent--reported Friday that they have signed an agreement to recapture tax credits related to building bonuses and Superbonus with a tax value of EUR40 million.

Interpump Group, in the green by 0.4 percent, announced the acquisition of a 70 percent stake in I.Mec.

The value of the transaction was set at about EUR14 million.

On the Mid-Cap, Maire Tecnimont closed up 2.2 percent.

The company announced Friday that its subsidiary NextChem, part of the Sustainable Technology Solutions business unit, after completing the advanced engineering study for methanation for the Salamandre project in Normandy, has been awarded a new contract by Storengy to perform an additional advanced engineering study for the gasification of wood waste and the purification of synthesis gas system to produce biomethane.

Arnoldo Mondadori Editore is flat at EUR1.96 after announcing Thursday that it has executed a contract to sell to PBF its 18.45 percent stake in Società Europea di Edizioni, publisher of the daily newspaper Il Giornale.

Cementir Holding--down 0.9 percent--reported that the shareholders' meeting renewed the board of directors, which will serve a three-year term, reducing the number of members to eight, including one executive director, Francesco Caltagirone, and seven nonexecutive directors.

Webuild -- up 0.5 percent -- announced Saturday that it had purchased 237,689 of its own ordinary shares for a total value of EUR463,022.52.

On the Small-Cap, algoWatt - in the green by 14% - announced Monday that it had entered into an "important framework agreement with a leading Italian credit institution," for the evolutionary and corrective maintenance of remote control solutions for technological systems and management of maintenance teams at locations throughout Italy.

Bioera gives up 9.1 percent after announcing Friday evening that the board of directors approved the financial statements as of December 31, 2022 reporting a group loss of EUR4.1 million compared to a profit of EUR15.3 million in fiscal year 2021.

Revenues, on the other hand, were EUR626,000 compared to EUR19.8 million in the previous year.

Sogefi gives up 1.2 percent. The company announced Friday that in the first quarter of 2023 it had revenues of EUR431.6 million, up 13 percent from EUR381.1 million in the same period of 2022.

Net income for the period amounted to EUR13.2 million up from EUR10.7 million in the first quarter of 2022.

Caltagirone - in the green by1.0% - announced Friday that the ordinary shareholders' meeting appointed a new board of statutory auditors for the three-year period 2023 - 2025.

Among SMEs, ESI closes flat after announcing that with regard to the EUR2.8 million capital increase, shareholder Integra has committed to subscribe for 100,000 shares.

The countervalue of this commitment by the shareholder is EUR220,000.

Innovatec - down 1.7 percent -, on the other hand, has subscribed for nearly 30 percent of the aucap, or 2.1 million shares for EUR827,000.

Esautomotion rises 3.1% after announcing Saturday that it has signed a EUR10.0 million investment agreement and a shareholders' agreement to acquire the business of Sangalli Servomotori, a company active in the electric motors market, through the purchase of the entire share capital of a newly formed company.

SolidWorld Group does well, picking up 9.6 percent after announcing Monday that the first example of Electrospider, a 3D bioprinter capable of making reproductions of human cells and tissues using additive technology, will be delivered in September, with mass production announced for Feb. 16, 2023.

Take Off gains 6.3 percent, on the strength of first-quarter revenues announced Monday, which rose to EUR8.3 million, up more than 34 percent from EUR6.2 million as of March 31, 2022.

Finlogic gives up 0.4 percent after reporting Thursday that first quarter revenues rose 34 percent year-on-year to EUR20.3 million from EUR15.1 million in the same quarter a year earlier.

Without including the two companies taken over during 2022 in the accounts, revenues would mark a 12 percent increase to EUR16.9 million from EUR15.1 million.

In New York at the height of trading on Monday, the Dow is down 0.4 percent, the Nasdaq gives up 0.1 percent while the S&P 500 is down 0.2 percent.

Among currencies, the euro changes hands at USD1.1030 versus USD1.0973 at Friday's close. In contrast, the pound is worth USD1.2467 from USD1.2415 on Friday evening.

Among commodities, Brent crude is worth USD82.04 per barrel USD81.54 per barrel Friday night. Gold, on the other hand, trades at USD1,995.25 an ounce from USD1,976.36 an ounce at Friday's close.

On Tuesday's economic calendar, at 0700 CEST comes the BoJ's CPI index.

From the UK, an hour later, it's the turn of net public sector lending and data on total public sector cash requirements. From Switzerland, at 0800 CEST, comes trade balance data. Still from the UK, data on industrial order trends are released at 1200 CEST.

Overseas, at 1500 CEST, the US house price index is released while, half an hour later, it is the turn of building permits issued. At 1600 CEST, the consumer confidence report is released.

Among companies listed on the Stock Exchange, no particular announcements are expected.

By Claudia Cavaliere, Alliance News reporter

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