(Alliance News) - On Monday, the main European indices closed the session on a positive note, with the MIB, DAX, and FTSE 100 standing out for gains, in contrast to their French counterpart.
On the geopolitical front, a long-term agreement between Iran and the US still appears distant, as both states have rejected each other's points in the ongoing negotiations, effectively pushing back the possibility of a swift resolution to the conflict that has now lasted ten weeks.
In this context, the MIB gained 0.8% to 49,664.95, the Mid-Cap shed 0.6% to 59,748.41, the Small-Cap lost 1.3% to 34,715.39, and Italy Growth closed up 0.2% at 8,916.57 points.
The CAC 40 fell by 0.7%, while the DAX 40 rose by 0.1%, with the FTSE 100 in the green by 0.3%.
Chris Beauchamp of IG noted: 'Tuesday's inflation data represents the key event of the week, but after Friday's employment report, which is expected to show a better trend, even an acceleration in price growth might not be able to curb the rally in US markets'.
'As long as a recession is not on the horizon, markets are satisfied, and what does a little more inflation matter when earnings continue to be so high?', the analyst concluded.
In Piazza Affari, Eni - up 3.0% - intends to place two new fixed-rate bond issues in US dollars with maturities of 10 and 30 years.
The board of Azimut Holding - up 0.4% at the close - reviewed the data for April 2026, recording net inflows of EUR1.5 billion, 66% of which was allocated to managed solutions. In the first four months of the year, net inflows reached EUR6.1 billion, representing 61% of the annual target set at EUR10 billion.
Fincantieri reported revenues of EUR2.14 billion compared to EUR2.38 billion in the first three months of 2025, a contraction of over 10%.
Last year's revenues, however, benefited from the effect of the order for two PPA/MPCS for the Indonesian Navy, which became effective at the beginning of 2025. The stock shed 0.9% after spending the afternoon in positive territory, bucking the trend of the defense sector for part of the day.
Leonardo, which recorded a 3.5% decline, announced details regarding the termination of Roberto Cingolani's role as CEO and General Manager, whose mandate ended on May 7 after three years at the helm of the group, starting May 9, 2023. The agreement includes a payment of EUR4.5 million and no non-compete clause.
In an interview with the Financial Times, European Central Bank Vice President Luis de Guindos expressed opposition to the German government's resistance to UniCredit's - up 0.3% - takeover bid for CommerzBank. For de Guindos, 'it is very difficult for governments to claim they are in favor of the Capital Markets Union and then say: 'No, we are against this specific operation''.
Tenaris - up 1.9% - entered into a definitive agreement to acquire 100% of the share capital of Artrom Steel Tubes for EUR86 million, net of cash and debt, including a normalized level of working capital.
DiaSorin took the lead with a 5.5% gain to EUR66.70 per share, followed by Prysmian, up 3.2% at EUR156.90 per share, while Avio sat at the bottom of the list with a 5.7% sell-off to EUR29.50 per share.
On the Mid-Cap, Cementir Holding announced that director Fabio Corsico purchased 1,410 ordinary shares of the company. The shares were acquired at an average unit price of EUR14.15, for a total value of EUR19,951.50. The stock gained 2.5%.
Iren - up 0.8% - closed the first quarter with an EBITDA of EUR418 million, substantially stable compared to the same period in 2025, supported by organic growth in regulated businesses, operational synergies, and the recovery of profitability in waste treatment plants.
Webuild - up 0.1% - successfully closed the liability management operation launched in April, strengthening its debt structure and confirming strong interest from international investors 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, equal to approximately half of the outstanding nominal value.
d'Amico shed 12% to EUR8.065 per share, while Alerion grew by 8.1% to EUR28.00.
On the Small-Cap, Valsoia - down 1.9% - closed the first quarter of 2026 with sales revenues of EUR26.2 million. The company highlighted the positive contribution of the newly acquired Krepko brand, a leader in Slovenia in the traditional kefir market.
The board of directors of Banca Sistema, down 0.8%, deemed the mandatory public tender and exchange offer promoted by Banca CF+ Spa for a maximum of 15.5 million ordinary shares admitted to trading on Euronext Milan as 'fair'.
Tesmec rose 9.3% to EUR0.1618 per share, while Fidia once again closed at the bottom of the basket, down 9.1% at EUR0.0040, its 52-week low.
Among SMEs, AAtech - down 3.4% - signed a 60-day exclusivity agreement with Crescitalia Servizi Imprese, aimed at initiating negotiations for a possible strategic, industrial, commercial, and technological integration between AAtech and CrescItalia in the financial services, credit servicing, and fintech solutions sectors dedicated to the real economy within AAtech.
Helyx Industries, up 1.7%, officially filed an international PCT (Patent Cooperation Treaty) patent application for an innovative smart and connected device for the remote calibration of Hyris bCube instruments.
Lemon Sistemi - up 3.5% - was appointed by Acea Solar as the 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.
Next Geosolutions, down 0.4%, was awarded 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.
In New York, the Dow Jones continues to rise by 0.1%, the Nasdaq by 0.4%, while the S&P 500 gains 0.3%.
On the currency front, the euro is trading at USD1.1782 from USD1.1772 on Friday evening, while the pound is trading at USD1.3651 from USD1.3624 on Friday evening.
Among commodities, Brent is trading at USD103.68 per barrel from USD101.80 per barrel on Friday evening, while gold is worth USD4,732.48 an ounce from USD4,708.84 an ounce on Friday evening.
On Tuesday's economic calendar, German consumer price data arrives at 0800 CEST, followed by the report on Italian industrial production at 1000 CEST.
The ZEW survey on German economic sentiment is scheduled for 1100 CEST, and at 1110 CEST there is the Italian 12-month BOT auction.
From 1415 CEST, the focus shifts to the US with consumer prices and employment data. At 1800 CEST, also from Washington, the EIA short-term energy outlook will be released.
In Piazza Affari, quarterly results are expected from 15 companies, including Avio, Recordati, and De' Longhi.
By Michele Cirulli, Alliance News reporter
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