(Alliance News) - The FTSE MIB extended its gains and consolidated its position above the 49,300 threshold, within a price action framework driven more by macro cross-currents than by clear directionality.
Market sentiment remains supported by a combination of intersecting factors. On the geopolitical front, the U.S.-Iran issue and the diplomatic openings still under evaluation are helping to limit further expansion of the energy risk premium, despite a still fragile backdrop.
In parallel, the repricing of rate expectations in Europe remains the primary driver, with money markets continuing to discount at least two ECB hikes by year-end. The probability of a first move as early as June stands above 75%, in line with the message of responsiveness reiterated by Lagarde.
On the global front, the divergence between an expected Fed hold and more hawkish stances from the ECB and BoE is supporting relative positioning in the Eurozone. Meanwhile, attention shifts to April U.S. inflation data, which will be key to assessing the transmission of the recent energy shock into core prices.
Consequently, the MIB is marking a 0.2% rise to EUR49,364.67 points, the Mid-Cap is shedding 0.3% to 59,940.10 points, the Small-Cap is retreating 0.4% to 35,007.95 points, while Italy Growth is advancing 0.1% to 8,905.20 points.
The CAC 40 is down 1.0%, the DAX 40 is retreating 0.2%, while the FTSE 100 is advancing 0.1%.
On the MIB at Piazza Affari, Saipem continues its advance, rising 2.3% after three sessions ending in the red.
DiaSorin - leading the pack with a 6.8% gain - announced on Friday that it purchased 331,134 of its own ordinary shares between May 4 and May 8. The shares were acquired at an average unit price of EUR61.79, for a total consideration of EUR20.5 million.
Tenaris - up 0.8% - announced over the weekend that it has entered into a definitive agreement to acquire 100% of the share capital of Artrom Steel Tubes SA for EUR86 million, net of cash and debt, including a normalized level of working capital. The company was acquired from U.S.-based GLGH Steel, LLC, with closing expected in the fourth quarter of 2026.
Brunello Cucinelli, meanwhile, is shedding 2.0% to EUR83.40 per share. The stock is undergoing a period of weakness following the rally that pushed it to all-time highs in February 2025, though according to Evaluation.it, its theoretical value remains at EUR103.6 per share. In an analysis by Claudio Guerrini, the Umbrian luxury group presents lower-than-average market risk thanks to its geographical business diversification, despite underperforming the FTSE MIB over the last three years.
On the Mid-Cap, Alerion is advancing 7.1% to EUR27.75 per share, rebounding after six bearish sessions.
Sanlorenzo is well-positioned, advancing 3.2% and aiming for its fourth consecutive session in positive territory.
d'Amico, however, is shedding 8.8% to EUR8.32 per share, following two bullish sessions.
Brembo is down 0.3% to EUR10.56 per share. Berenberg confirmed its 'buy' recommendation on the stock, raising the target price to EUR10.20 from EUR9.50, compared to a price of EUR9.86 on May 7, following better-than-expected Q1 2026 results and an upward revision of annual guidance.
Analysts led by Giovanni Selvetti explained that 'after a difficult couple of months, first-quarter results should provide some relief to investors,' thanks to an 'ahead-of-expectations' operating performance and the start of production for Sensify, the group's new intelligent braking system.
Piaggio - down 1.4% - announced on Friday that it closed the first quarter with a net profit of EUR5.3 million, down from EUR8.7 million as of March 31, 2025. Consolidated revenues for the quarter stood at EUR341.7 million compared to EUR370.7 million in Q1 2025. The gross industrial margin was EUR107.9 million, down from EUR113.2 million.
Webuild - bearish by 0.9% - announced on Friday the successful completion of the liability management operation launched in April, strengthening its debt structure and confirming strong international investor interest in the group. The operation involved the placement of a new bond maturing in May 2032 for EUR500 million and the simultaneous repurchase of bonds maturing in 2027 for EUR121 million through a Tender Offer, representing approximately half of the outstanding nominal value.
On the Small-Cap, Softlab confirms the trend seen since the opening bell, advancing 7.6% to EUR1.20 per share, following a 4.7% decline on Friday evening.
Tesmec - up 4.2% - reported its results as of March 31 on Friday, highlighting a return to profit of EUR1.1 million from a loss of EUR1.4 million recorded in the same period of 2025. First-quarter revenues were EUR65.9 million, up 7.4% from EUR61.4 million as of March 31, 2025.
The board of Banca Profilo - down 0.7% - announced on Thursday evening that it closed the first quarter of 2026 with a consolidated net profit of EUR400,000, down from EUR2.2 million in the same period of 2025, in a context marked by the reorganization of Private Banking. The group nevertheless confirms a solid capital and liquidity position, with a CET1 ratio of 26.2% and an LCR of 430%, among the highest levels in the market.
Triboo, meanwhile, is shedding 1.1% to EUR0.36 per share, after two bullish sessions.
Among SMEs, Lemon Sistemi - up 4.9% - announced on Monday that it received an appointment from Acea Solar Srl as EPC contractor for the executive design and construction of a photovoltaic plant in the municipality of Mazara del Vallo, Sicily. The contract value is approximately EUR4.5 million and is part of a total 38 MWp RDO divided into three lots across Sicily and Sardinia.
The board of AAtech - up 1.1% - announced over the weekend that it has signed a 60-day exclusivity agreement with Crescitalia Servizi Imprese Spa, aimed at initiating negotiations for a possible strategic, industrial, commercial, and technological integration between AAtech and CrescItalia in the sectors of financial services, credit servicing, and fintech solutions dedicated to the real economy within AAtech.
Next Geosolutions - flat at EUR13.15 - announced on Monday the award of a new contract with a leading international client in the subsea power cable sector, as part of a project related to subsea energy infrastructure located in the central Mediterranean. The total value of the contract, developed in two different phases, reaches approximately EUR10.0 million.
ATON Green Storage is shedding 5.6% to EUR0.51 per share, marking its sixth consecutive bearish session.
In New York on Friday evening, the Dow closed slightly above par, the Nasdaq was up 1.7%, while the S&P 500 gained 0.8%.
On the currency front, the euro is trading at USD1.1768 from USD1.1772 on Friday evening, while the pound is trading at USD1.3609 from USD1.3624 on Friday evening.
Among commodities, Brent is trading at USD103.80 per barrel from USD101.80 per barrel on Friday evening, while gold is worth USD4,659.00 per ounce from USD4,708.84 per ounce on Friday evening.
On Monday's economic calendar, the U.S. house price report will be released at 1500 CEST.
By Maurizio Carta, Alliance News reporter
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