(Alliance News), The MIB continued its upward trajectory on Tuesday, moving past the 52,400 mark, confirming a strengthening technical outlook and approaching new all-time highs.

The positive momentum reflects an improvement in investor sentiment, bolstered by signs of easing geopolitical tensions following a preliminary agreement between the US and Iran. This development could facilitate the normalization of trade flows through the Strait of Hormuz and lead to a reduction in market risk premiums.

However, market participants remain focused on the upcoming cycle of decisions from major central banks. Guidance from the Federal Reserve, the Bank of England, and monetary institutions such as Switzerland will be crucial in shaping expectations for interest rates and global liquidity conditions.

Holding above the 52,400 threshold represents a constructive signal, reinforcing the Italian index's momentum. Investors remain focused on a potential continuation of the trend, with particular attention paid to volume confirmation and the market's ability to absorb potential profit-taking.

Consequently, the MIB is trading up 1.2% at 52,416.61, the Mid-Cap is up 0.5% at 65,245.28, the Small-Cap has gained 0.4% to 36,889.47, while Italy Growth is up 0.1% at 9,150.17.

European peers are also in the green: the CAC 40 is up 0.8%, the DAX 40 has advanced 0.7%, and the FTSE 100 is up 0.9%.

In Piazza Affari, UniCredit shares rose 3.7% to €77.28. The conflict between the Italian banking group and Commerzbank is intensifying on the eve of the exchange offer's closing, as reported by Il Corriere della Sera on Tuesday.

The Frankfurt Prosecutor's Office has launched a preliminary investigation into communications made by UniCredit to BaFin regarding offer acceptances, following a complaint by the German bank's supervisory board alleging market manipulation. No formal proceedings have been opened at this time, the newspaper added.

Telecom Italia, up 1.5%, announced on Monday that it has completed a reverse stock split at a ratio of one new share for every ten existing shares, following the resolution approved by the extraordinary shareholders' meeting on April 15. The transaction, previously announced on June 10, was executed today after the cancellation of five ordinary shares provided by Intermonte SIM Spa to ensure the overall balance of the split.

Banco BPM advanced 1.2%. The board of directors will meet today to assess the banking consolidation landscape after the June 8 merger-of-equals proposal with MPS was overtaken by a €30.6bn public exchange offer launched by Intesa Sanpaolo.

A2A, down 0.1%, announced on Monday that it repurchased 705,000 of its own ordinary shares between June 11 and June 12. The shares were acquired at an average unit price of €2.2742, for a total value of €1.6m.

Snam, up 0.2%, announced on Monday the successful completion of a new capital markets operation, placing a total of €1.5bn in euro-denominated bonds. The issuance was split into two tranches designed to support the group's energy transition path.

Stellantis, down 0.9%, confirmed to unions a €5bn investment plan in Italy through 2030 earmarked for research and development, reiterating that no plants will be closed and that production volumes are set to grow.

In the mid-cap segment, d'Amico advanced 4.6%, marking its sixth consecutive bullish session if confirmed at the close.

Reply advanced 2.7%, following a 0.6% decline in the previous session.

Juventus Football Club, up 0.3%, announced on Monday that it has exercised its option for the permanent acquisition of Jérémie Boga from OGC Nice. Boga remains with the Bianconeri for a consideration of €4.8m, payable over two fiscal years, plus ancillary costs of €800,000.

Safilo Group, down 0.7%, announced on Tuesday that between June 8 and June 12, it purchased 400,000 of its own ordinary shares at a price of €1.7254 each, for a total value of €690,000.

On the Small-Cap index, Biesse pushed its price up 5.3%, marking its fourth consecutive bullish session.

Piquadro, up 1.2%, announced on Monday that its board of directors approved the consolidated financial statements for the year ended March 31, reporting a profit of €12.9m, an increase of over 11% compared to €11.6m in the previous year. The board will propose a total dividend distribution of €7.0m.

BasicNet, up 0.1%, disclosed on Monday that it purchased 62,500 treasury shares between June 8 and June 12 at an average price of €7.205 each, for a total value of €450,306.83. Following the buyback, the company holds approximately 7.0m treasury shares, representing 13% of its share capital.

Trevi Finanziaria Industriale is currently down 2.9%. The company, which has a market capitalization of approximately €242m, is losing ground after two bullish sessions.

Among SMEs, Compagnia dei Caraibi is performing well, with its price up 8.6% at €0.38 per share.

Circle, up 0.4%, announced on Tuesday that it has secured new contracts from a leading terminal operator and MTO active in container traffic management and intermodal rail logistics development, for a total value of approximately €110,000.

Mare Group advanced 0.8% to €3.98. Alantra initiated coverage on the stock with a 'buy' recommendation and a target price of €7.6, representing a potential upside of approximately 90% from current levels.

The board of Farmacosmo, down 1.5%, approved its 2026-2030 business plan on Tuesday, outlining the company's growth strategy. The plan forecasts 2030 revenues between €75m and €77m and a positive net financial position, with estimated cash availability between €5.2m and €7.5m.

In New York pre-market trading, the Dow is up 0.1%, while the Nasdaq and S&P 500 are trading just above flat.

In currency markets, the euro is trading at $1.1601, down from $1.1602 on Monday evening, while the pound is at $1.3416, compared to $1.3437 on Monday evening.

Among commodities, Brent crude is trading at $81.67 per barrel, down from $83.11 on Monday evening, while gold is valued at $4,341.88 per ounce, down from $4,352.90 at Monday's close.

Tuesday's macroeconomic calendar includes a 20-year bond auction in the US at 1900 CEST, followed by the oil inventory report at 2230 CEST.

By Maurizio Carta, Alliance News reporter

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