(Alliance News) - Europe's major stock markets are expected to rise on Tuesday on a day when investors' attention is all on U.S. inflation, which will be released this afternoon and will be an important element in the Fed's decisions.

Indeed, the Federal Reserve Bank begins its two-day policy meeting, at the end of which it will announce its monetary policy measures.

According to Ipek Ozkardeskaya, Senior Analyst at Swissquote Bank, "The United States and Europe should accept and live with inflation levels closer to 3-4 percent, as opposed to 2 percent and below, as has been the case over the past decade. Indeed, the trade war with China, the war in Ukraine, the energy crisis, energy transition, reindustrialization and onshoring are all inflationary factors and will make the Fed's task of achieving 2 percent inflation rather complicated," he commented

The FTSE Mib is therefore expected up 142.5 points or 0.5 percent after closing up 0.9 percent at 27,410.47.

In Europe, London's FTSE 100 is expected up 34.5 points or 0.5 percent, Paris' CAC 40 is expected to be in the green by 49.5 points or 0.7 percent, and Frankfurt's DAX 40 is expected to open up 122.5 points or 0.8 percent.

Among Italy's smaller lists, the Mid-Cap gained 1.3 percent to 43,587.52, the Small-Cap rose 0.2 percent to 27,318.98, and Italy Growth lost 0.2 percent to 9,161.43.

Starting with stocks linked to Silvio Berlusconi, who died yesterday at age 86, on the main list Mediolanum closed up 0.4 percent while, on the Mid-Cap, his creature, MFE, the new Mediaset, saw A shares rise 5.9 percent-after being suspended during the day for overbought, more than 12 percent-and B shares rise 2.3 percent. Mondadori, on the other hand, posted a gain of 1.5 percent.

All the spotlight is on the holding company Fininvest, the parent company in which Silvio Berlusconi held a 61.2 percent stake that will now be the focus of the Forza Italia founder's will. The assets left by Berlusconi, who will be buried in the mausoleum of his Arcore villa, include stock market holdings worth about EUR3 billion at market prices, plus immense real estate and financial investments that together are worth another EUR3 billion.

The prized piece remains Mediaset, 50% controlled by Fininvest and where there is a complicated guest to manage as the Vivendi group, which controls 16% through the Simon trust and then has another 3.9% directly.

On the Mib, Enel closed up 0.6 percent after appointing Stefano De Angelis as manager in charge of drafting corporate accounting documents, taking over from Alberto De Paoli.

BPER Banca - up 1.5 percent - also made a new appointment, announcing that it has "further strengthened its Private and Wealth Management division" with the entry of Dario Di Muro, who comes from Fideuram and will aim "to contribute to the development of BPER Banca's network of financial advisors."

Telecom Italia reacts 1.8 percent lower to the receipt of new offers from KKR on the one hand and CDP-Macquarie on the other for the network. The two non-binding offers, as explained by the company in a note, will be reviewed by TIM's board of directors at meetings scheduled for June 19 and 22.

On the Mid-Cap, according to an Evaluation.it analysis, Salvatore Ferragamo -- up 2.2 percent -- "shows a slightly higher riskiness than the market average -- beta of 1.05 -- reflecting on the one hand its presence in a sector linked to tourist flows and economic trends and on the other hand the geographic diversification of its activities."

"The model results converge on a value per share of EUR14.8, which tends to increase/decrease by EUR1.4 for each plus/minus point of margin on sales," the stock report said.

Fincantieri gained 1.3 percent after announcing that, as part of the governmental and industrial cooperation program between Italy and Germany related to the U-212A class of submarines, it signed a contract with the Naval Armaments Directorate of the General Secretariat of Defense and National Armaments Directorate for on-demand support of German Navy vessels.

The contract will run for five years and will replicate the on-demand service model that Fincantieri operates on Italian Navy vessels, that is, intervening on call to ensure the highest performance of the units.

Among thinly capitalized companies, Piquadro rose 6.3 percent on the day it approved its draft financial statements for the fiscal year running from April 1, 2022 to March 31, 2023, which closed with a net profit of about EUR6.5 million, an improvement of about EUR2.1 million from the year ended March 31, 2022.

II group recorded a turnover of EUR175.6 million, up 18 percent from the same period in the previous year that ended at EUR149.4 million.

The Piquadro group reported positive Ebitda of approximately EUR27.7 million in the year ended March 31, 2023, an increase of approximately EUR2.4 million from the figure recorded for the year ended March 31, 2022 of EUR25.3 million.

Gequity declined by 3.1 percent. The company ended 2022 with a loss of EUR1.8 million, which compares with a loss of EUR2.7 million in the previous year.

As for revenues, these amounted to EUR3.8 million from EUR4.0 million in the previous year. Ebitda is negative EUR1.3 million essentially unchanged from 2021.

Newlat Food gained 0.3 percent after announcing on Friday that it had sold 3.9 million of its own shares, or about 8.9 percent of the share capital, to a group of institutional investors, including Helikon Investments and Banor, at a price of EUR5.80 per share, broadly in line with current market prices and the IPO price.

The same investors also signed an option agreement to purchase, under certain conditions, the remaining portion of treasury shares held by the company.

Among the SMEs listed on the Milan Stock Exchange, Estrima lost 1.5 percent after reporting that the board appointed the company's chairman, Matteo Maestri, as its new chief executive officer.

Maestri takes over from Ludovico Maggiore and also recaptures the role of chief financial officer in place of the resigning Cristina Ceccato, assisted by Stefania Zuccato and Barbara De Paoli.

Maggiore remains on the board, taking on the role of investor relator and continuing the development of Birò's renting and sharing business areas. In addition, Maggiore will also continue to preside together with the other two partner-directors - Matteo Maestri and Ermes Fornasier - over the development strategy of the company and the group.

Fenix Entertainment dropped 9.9 percent after reporting that it closed 2022 with a loss of EUR5.5 million compared to about EUR528,000 profit the previous year.

Production value was EUR36.4 million, compared to EUR43.8 million in the previous year.

Among Asian exchanges, the Nikkei rallied 1.8 percent, while the Shanghai Composite was in fractional green and the Hang Seng rose 0.6 percent.

In New York, the Dow closed up 0.6 percent to 34,066.33, the Nasdaq rose 1.6 percent to 13,461.92 and the S&P 500 is up 0.9 percent to 4,338.93.

Among currencies, the euro changed hands at USD1.0794 against USD1.0748 in Monday's European equities close. In contrast, the pound is worth USD1.2553 from USD1.2510 on Monday evening.

Among commodities, Brent crude is worth USD72.27 per barrel versus USD71.77 per barrel on Monday evening. Gold, on the other hand, trades at USD1,961.14 an ounce from USD1,949.76 an ounce last night.

Tuesday's macroeconomic calendar features the Consumer Price Index from Spain at 0900 CEST.

At 1100 CEST, eyes will be on the ZEW index of sentiment on the Eurozone and German economies. At 1300 CEST, OPEC's monthly report will be released.

Inflation also coming in from the US, at 1430 CEST, before the day closes with weekly oil stocks, due out at 2230 CEST.

Among the companies in Piazza Affari, AbitareIn's accounts are expected.

By Chiara Bruschi, Alliance News reporter

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