(Alliance News) - European stock markets are headed for a mixed opening on Tuesday - with the MIB showing a bearish bias - as futures signal a technical rebound in some quarters following the recent phase of risk aversion. The move reflects an improvement in sentiment linked to a partial repricing of geopolitical risk.
Indications of a possible halt in the military campaign against Iran are encouraging buying in equity futures and a reduction in hedging, in a context of risk premium compression rather than a revision of fundamentals.
However, the framework remains fragile. The attack on a tanker in the Persian Gulf confirms that risks persist on the energy front, limiting upside potential.
The MIB - after ending trading up 1.0% at 43,823.24 yesterday evening - is showing a loss of 62.50 points in the futures market.
The CAC 40 is up 22.20 points, the DAX 40 is up 113.90 points, while the FTSE 100 is down 15.00 points.
Among the minor indices yesterday evening, the Mid-Cap closed down 0.3% at 52,923.35, the Small-Cap recorded a contraction of 0.8% at 31,959.83, and Italy Growth fell 0.3% to 8,289.98.
In Piazza Affari, Telecom Italia - which closed up 0.7% - and CDP Venture Capital signed a memorandum of understanding "to identify high-potential innovative startups and SMEs of mutual interest, with technologies critical to digital sovereignty, belonging to the CDP Venture Capital portfolio or TIM's deal flow scouting, and to evaluate potential industrial, commercial, and technological collaboration initiatives."
Furthermore, TIM has resolved to terminate the Master Service Agreement with Inwit, which was up 1.5% at the end of the session, opening a new front of tension between the two companies over telecommunications towers.
Regarding banking consolidation, Fabrizio Palermo and Nicola Maione are set to lead Monte dei Paschi - which closed with daily sales of 0.9% - for the next three years, barring any surprises.
Their candidacies, supported by Francesco Gaetano Caltagirone, were strengthened after the board excluded former CEO Luigi Lovaglio from its list, leaving the shareholders' meeting to choose between several names according to the new Capital Act.
STM and Lottomatica closed in the red by 2.0% and 1.4% respectively.
Ferrari, following a EUR24 million buyback, led the list with a 4.2% gain to EUR289.90 per share.
The session was also marked by buying in utilities: Terna, Eni, and Enel gained 3.4%, 2.6%, and 2.8% respectively.
On the Mid-Cap, Webuild - which fell 0.8% - signed a contract worth approximately EUR660 million for the construction of the first 6.5 kilometers of Phase 1A of Lot 1 of the new Line 10 of the Naples Metro.
While many are reducing quality to contain costs, OVS - with daily gains of 4.0% - is focusing on better materials at affordable prices, a choice that is paying off. Following the halt of the Kasanova acquisition, the group will develop Croff internally, focusing on design and collaborations with creatives. The goal is to take the brand out of department stores and strengthen it in the home segment, replicating models such as Zara or Uniqlo.
BFF Bank collapsed by 55% to EUR1.433 per share after the Bank of Italy appointed two commissioners. At the other end of the basket, Salvatore Ferragamo grew by 7.9% to EUR6.905 per share.
On the Small-Cap, CDP Equity of the CDP group announced on Monday that it had approved participation in the EUR100 million capital increase of Trevi Finanziaria Industriale. The company, which closed 2025 with a profit of EUR8.1 million, up from EUR1.5 million the previous year, ended the session with a 34% crash to EUR0.293 per share.
Bastogi, meanwhile, gained 5.3% to EUR1.095 per share, followed by a 5.0% bullish performance to EUR4.20 by Centrale del Latte d'Italia.
Among SMEs, Datrix - flat at EUR1.64 - announced on Monday that 2025 closed with a consolidated net loss of EUR2.1 million, an improvement compared to the loss of EUR2.5 million in 2024.
Ambromobiliare, which saw no trades, announced on Monday that it had approved the results for the 2025 financial year, reporting a loss of EUR455,000 compared to a profit of EUR16,000 in the 2024 financial year.
Energy, with daily purchases of 2.5%, announced that the management board approved the 2025 accounts, closing with a net profit of EUR2.9 million, up 86% compared to EUR1.6 million in 2024.
The board of Notorious Pictures approved the 2025 accounts, which closed with a consolidated net loss of EUR3.3 million, compared to a profit of EUR3.3 million recorded in 2024. The stock was bearish by 1.6%.
Redelfi closed 2025 with a net result growing to EUR7.5 million, compared to EUR3.3 million recorded as of December 31, 2024. The stock closed up 2.8%.
MIT SIM, with purchases of 15%, announced that it closed 2025 with a loss of EUR458,609 from a profit of EUR352,235 as of December 31, 2024. Active commissions in 2025 stood at EUR4.2 million from EUR4.8 million in the previous year, down 12%.
In New York - during the European night - the Dow gained 0.1%, the Nasdaq shed 0.7%, while the S&P 500 marked a loss of 0.4%.
In Asia, the Nikkei is shedding 0.7%, the Shanghai Composite is above parity, while the Hang Seng is retreating 0.1%.
On the currency front, the euro is changing hands at USD1.1461 from USD1.1450 yesterday evening, while the pound is trading at USD1.3200 from USD1.3188 on Monday evening.
Among commodities, Brent is trading at USD107.18 per barrel from USD112.60 per barrel on Monday evening, while gold is worth USD4,560.07 per ounce from USD4,531.55 per ounce yesterday evening.
On Tuesday's economic calendar, German unemployment data will be released at 0955 CEST.
At 1100 CEST, there will be room for the Italian consumer price index, and at 1200 CEST the focus shifts, again in Italy, to industrial sales.
Insight into US housing from 1500 CEST, while the speech by Bowman of the FOMC is expected at 2310 CEST.
In Piazza Affari, results from 28 companies are expected.
By Maurizio Carta, Alliance News reporter
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