Milan black jersey, oil prices weigh.

(Alliance News) - Major European stock exchanges continue Monday's trading in positive territory, except for Milan, which trades lower, wearied by stocks in the oil department.

The FTSE Mib, therefore, trades in the red by 0.5 percent at 25,659.15.

In Europe, London's FTSE 100 rises 0.2 percent to 7,783.61, Paris' CAC 40 is in fractional green at 6,995.39, as is Frankfurt's DAX 40 at 15,034.92.

Among Italy's smaller lists, the Mid-Cap is up 0.3 percent to 42,917.80, as is the Small-Cap to 29,688.96, and Italy Growth is in the green 0.1 percent to 9,549.89.

On the main list in Piazza Affari, Intesa Sanpaolo takes the top spot with a 2.2 percent rise. The company announced Friday that the group's fully loaded Common Equity Tier 1 ratio is expected to stand at levels in the range of 13 percent as of Dec. 31, 2022, and thereafter at levels that meet the target above 12 percent in the Business Plan horizon to 2025.

Telecom Italia is down 0.1 percent after announcing that following approval by the board of directors on January 18 and upon completion of bookbuilding activities, it has placed an EUR850 million unsecured fixed-rate bond offered to institutional investors.

Campari is up 0.5 percent. On Friday it disclosed that it purchased 8,277 of its own ordinary shares between Jan. 16 and Jan. 20. The shares were taken over at an average unit price of EUR9.8579, for a total consideration of EUR81,593.89.

Oils are on the bottom, with Snam and Tenaris giving up 3.2 percent and 1.4 percent, respectively, while Saipem and Eni are in the red by 0.6 percent. The worst on the list, however, is Enel, down 3.7 percent.

On the Mid-Cap, Juventus marks a 3.5 percent drop after a 15-point penalty in the standings and a 16-month temporary inhibition for the sporting director, Federico Cherubini, to carry out activities in the FIGC, with a request for extension to UEFA and FIFA. On Sunday, the company announced the appointment of Francesco Calvo, the company's former Chief of Staff, as Chief Football Officer, reporting to Chief Executive Officer, Maurizio Scanavino.

Saras gave up 0.9 percent after reporting Friday that the company's Chief Financial Officer, Franco Balsamo, sold 280,000 shares of the company's common stock.

The shares were sold at an average price of EUR1.42 per share, for a total consideration of EUR397,600.

Zignago Vetro--in the red by 0.3 percent--reported Monday that it purchased 33,916 shares for a total consideration of EUR521,176.23.

On the Small-Cap, Netweek is up 3.5 percent.

Newlat food is up 1.4 percent. On Thursday, the company reported that preliminary consolidated revenues for 2022 are EUR730 million, up 17 percent organic year-on-year from EUR625 million reported at the end of fiscal year 2021 and 128 percent from fiscal year 2019 when revenues were EUR320 million, the year of listing in the STAR segment of the Italian stock exchange.

ePrice sits on the bottom and is perggiore in the list, giving up 7.8 percent.

Among SMEs, Casasold rises 2.9 percent after reporting its fourth quarter results. The board of directors on Friday night approved consolidated management KPIs for the fourth quarter 2022. As of Dec. 31, 2022, 25 apartments generated revenues of about EUR1.8 million, down 28 percent from EUR2.5 million recorded as of Dec. 31, 2021.

The group, the company explained in a note, as previously communicated, "is experiencing a slowdown in its business related to building renovations and registers a significant decline in revenues and margins in 2022."

Spindox is up 1.0 percent after announcing the signing of a collaboration agreement with WizKey, a provider of blockchain solutions for the financial market and owner of the market-as-a-service platform for intangible and physical assets Define.

Racing Force Group - in the green by 0.2 percent - announced Monday that it has entered into an agreement with Formula 1 to use helmet camera technology for the 2023 Formula 1 World Championship.

Noteworthy is the sharp 40 percent increase in SG Company, which leads the list.

In New York on Friday, the Dow Jones closed in the green 1.0 percent to 33,375.49, the S&P gained 1.9 percent to 3,972.61, and the Nasdaq picked up 2.7 percent to 11,140.44.

Among currencies, the euro changed hands at USD1.0909 versus USD1.0836 at Friday's close. In contrast, the pound is worth USD1.2396 from USD1.2375 on Friday evening.

Among commodities, Brent crude is worth USD87.99 a barrel from USD86.80 a barrel Friday night. Gold, on the other hand, trades at USD1,930.35 an ounce from USD1,925.38 an ounce last session.

On Monday's economic calendar, no events are scheduled from China and Hong Kong, both closed for Chinese New Year.

At 1500 CET, there will be a BTF auction in France while at 1600 CET the eurozone consumer confidence index is expected.

At 1845 CET, ECB President Christine Lagarde will give a speech.

By Claudia Cavaliere, Alliance News reporter

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