(Alliance News) - On Monday, major European stock markets, after a mixed opening, all veer into negative territory on a day with no major events on the macroeconomic front.

Thus, the FTSE Mib is down 0.4 percent to 27,747.50, the Mid-Cap gives up 0.8 percent to 43,454.22, the Small-Cap is in the red 0.7 percent to 27,429.17, and Italy Growth is in the green 0.2 percent to 9,139.12.

In Europe, Paris' CAC 40 is down 0.4 percent, as is London's FTSE 100, while Frankfurt's DAX gives up 0.3 percent.

On the highest-capitalization basket in Piazza Affari, Leonardo rises 1.0 percent. The company announced Thursday that a new corporate organizational chart was launched with the aim of rationalizing, simplifying and optimizing corporate governance. The management team will have a total of eight reporting to the CEO and general manager and a general co-director who will coordinate the divisions and business units.

Banca Monte dei Paschi does best of all and rises 3.5 percent.

Pirelli & C. gives up 0.5 percent at the opening after reporting that the Italian Council of Ministers exercised Golden Power in connection with the rumored Chinese takeover of the tire group.

The Council of Ministers, in adopting the measure, considered, among other things, that Pirelli's relevant technology represents a part of Pirelli's economic activity and the risks related to it require structural safeguards that disregard the temporariness of the shareholders' agreement, as well as that any change in Pirelli's corporate governance, including the non-renewal or stipulation of the shareholders' agreement, must be subject to notification, the company explained.

In detail, CNRC must comply with the commitment not to exercise management and coordination activities as detailed below, by way of example but not limited to; commit that the CEO of Pirelli, drawn from the majority list, will be designated by Camfin and that, consequently, out of 12 directors of Pirelli, drawn from the majority list, four will be designated by Camfin; undertake to see to it that the position of general manager, to whom the power to implement Pirelli's business plan, budget and ordinary management is delegated, is introduced; undertake to see to it that all of Pirelli's managing bodies are identified exclusively from among the directors designated by Camfin.

The board of A2A - down 0.6 percent - passed a framework resolution authorizing the issuance, by April 30, 2026, of one or more unsubordinated, unsecured and non-convertible bonds up to a total maximum of EUR1.65 billion from its EMTN program - established in 2012 - whose total maximum amount will be increased to EUR7 billion from EUR6 billion.

UniCredit gains 1.0 percent after announcing on Thursday that it intends to support Nusco, a company active in the production and marketing of interior doors and frames made of wood, PVC, aluminum and iron under the "Nusco" brand, listed on the Euronext Growth Milan market with two loans totaling EUR2.5 million, guaranteed by SACE.

SACE's green guarantee, reads a note, is in support of the two loans that will allow the Nola-based company to innovate its production line of wooden frames and install photovoltaic panels.

ERG gives up 0.8 percent, dpo that on Friday it announced that it has been promoted by MSCI Inc. a leading ESG corporate performance research firm to the "AAA" rating, an improvement from its "AA" rating in 2022, putting it in the "Leader" category.

On the Mid-Cap, Juventus Football Club - up 1.1 percent - reported that Tottenham Hotspur FC has exercised its option to permanently take over Dejan Kulusevki.

The Bianconeri will receive EUR30 million, payable over six financial years, for a capital gain to Juventus' coffers of EUR12.8 million.

Sesa rises 0.1 percent, after announcing Monday that it closed the year to April 30 with consolidated revenues and other income of about EUR2.9 million according to preliminary data, up 21 percent annually from EUR2.4 million as of April 30, 2022.

Maire gives up 1.5 percent after announcing Thursday its participation in Euronext Tech Leaders, the new initiative dedicated to leading, high-growth Tech companies developed by Euronext, the leading pan-European market infrastructure that manages the regulated stock exchanges of Belgium, France, Ireland, Italy, Norway, the Netherlands and Portugal.

Tamburi Investment Partners -- up 0.1 percent -- announced Thursday that it had sold a 3.98 percent stake in Azimut-Benetti.

The transaction took place in the context of a shareholder reorganization of the Azimut-Benetti group as a result of which the Public Investment Fund, Saudi Arabia's sovereign wealth fund, entered the capital of Azimut-Benetti, acquiring a 33 percent stake.

ENAV--in the red by 0.5 percent--reported Thursday that through its subsidiary IDS AirNav--a leading international company in aviation information management systems and flight procedure design--signed a contract with ANS CZ, the service provider for air traffic control in the Czech Republic.

On the Small-Cap, Softlab rallies 1.6 percent after letting it be known on Friday that Daniele Lembo has resigned from his position as director and managing director and from the other corporate positions held within the Group's companies, for personal reasons also related to the opportunity to evaluate and undertake new professional paths.

The board of directors of Zucchi -- down 1.3 percent -- on Wednesday approved its interim report for the year to March 31, having reported a profit of EUR1.9 million from EUR2.1 million in the same period last year.

Somec is not yet affected by trading. On Friday, it reported that its U.S. subsidiary Fabbrica has been awarded a new contract for a 34-story building in New York City. The contract is valued at more than USD23 million and consists of the design, manufacture and installation of more than 12,000 square meters of custom curtain walling intended for a new building to be constructed on Ninth Avenue, an artery on Manhattan's West Side, a few blocks from Madison Square Garden and the Empire State Building.

Among SMEs, Relatech-which rises 1.2 percent-announced Friday that it had entered into binding agreements aimed at acquiring the remaining 40 percent of Sigla Group Srl's share capital, for a total of EUR715,000.

The board of GO Internet-which does better than all and rises about 15 percent-approved on Friday the new Business Plan 2023-2027 drafted in line and continuity with the previous Plan approved on June 8, 2020.

The plan forecast revenues between EUR15.5 and EUR16.5 million, Ebitda between EUR2.5 million and EUR3.0 million, an Ebitda margin between 17 percent and 18 percent, and a negative Net Financial Position between EUR2.8 and EUR2.0 million.

In Asia, the Nikkei closed down 1.0 percent to 33,370.42, the Shanghai Composite gave up 0.5 percent to 3,255.81, and the Hang Seng lost 0.8 percent to 19,889.59.

In New York, the Dow closed Friday down 0.3 percent to 34,299.12, the Nasdaq lost 0.7 percent to 13,689.57 while and the S&P 500 gave up 0.4 percent to 4,409.59.

Among currencies, the euro changed hands at USD1.0930 against USD1.0923 on Friday in closing European equities. In contrast, the pound is worth USD1.2818 from USD1.2808 on Friday evening.

Among commodities, Brent crude is worth USD75.95 per barrel versus USD75.78 per barrel at Friday's close. Gold, on the other hand, trades at USD1,965.85 an ounce from USD1,957.42 an ounce Friday night.

Monday afternoon's macroeconomic calendar features a number of Canadian macros at 1430 CEST, including the industrial and commodity price index.

At 1455 CEST, French BTF auctions will be held.

In Piazza Affari, no special events are scheduled.

By Claudia Cavaliere, Alliance News reporter

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