(Alliance News) - After a sluggish start, major European stock exchanges - with the exception of London - regained momentum following remarks by Donald Trump. The former president indicated that a 15-point preliminary agreement had been reached to resolve the Middle East conflict involving Iran, the US, and Israel, although Tehran subsequently issued a denial.

The retreat from the ultimatum to Iran effectively triggered a decline in both oil and gold prices.

On the domestic front, Italy rejected the confirmatory referendum on justice proposed by the Meloni government: with a turnout of around 59%, the "No" vote prevailed by a margin of approximately 7% over the "Yes" camp.

Consequently, the MIB closed up 0.8% at 43,189.80 points, the Mid-Cap rose 1.8% to 52,203.67, the Small-Cap gained 1.5% to 32,169.16, while Italy Growth finished in the red, down 0.2% at 8,286.84 points.

Other European indices were mixed: the CAC 40 closed 0.8% higher, the DAX 40 rose 1.0%, while the FTSE 100 recorded a 0.2% decline.

At Piazza Affari, the EUR10.8 billion exchange tender offer (OPAS) launched by Poste Italiane for Telecom Italia marks, according to eToro market analyst Gabriel Debach, the definitive transition from strategic shareholder to sole controlling parent of the TLC group, concluding an industrial roadmap established during 2025. Poste shares closed down 6.9%, while Telecom Italia rose 4.7%.

UBS maintains a "buy" recommendation on DiaSorin with a target price of EUR84.00. However, analysts Kavya Deshpande, Graham Doyle, and Thyra Lee noted that fourth-quarter results missed expectations, introducing downside risks to 2026 estimates. The stock ended the session down 13% at EUR55.62 per share.

Leonardo - seeing daily sales of 2.3% - completed the acquisition of the entire share capital of GEM Elettronica, increasing its stake from 65% to 100%, thereby strengthening its position in radar technologies and systems for naval and coastal applications.

STMicroelectronics, which finished the session up 1.0%, announced on Monday the start of deliveries of general-purpose STM32 microcontrollers manufactured in China.

Regarding banking consolidation, the EUR35 billion exchange offer (OPS) announced by UniCredit for Commerzbank represents only part of the strategy led by Andrea Orcel. The group aims to strengthen its pan-European profile and grow in key markets while maintaining capital discipline. UniCredit shares moved up 3.3%.

The case of the third list for the renewal of the Board of Directors of Banca Monte dei Paschi di Siena, which closed up 2.7%, will be reviewed by the bank's board. The list was submitted by Plt Holding and supported by the Tortora family, which holds a stake of approximately 1.2% in the capital.

Strong buying was also seen in Banco BPM, which rose 3.7% to EUR11.66 per share.

On the Mid-Cap, Rai Way closed 2025 on Monday with a net profit of EUR88.6 million, compared to EUR89.9 million as of December 31, 2024. The company proposed a dividend of EUR0.33 per share, down from the EUR0.334 paid in 2024. The stock fell 2.8% to EUR5.58 per share.

Cementir Holding - which gained 3.4% - announced on Monday that its Danish subsidiary Aalborg Portland Holding has signed a binding agreement to acquire 100% of the share capital of Nymølle Stenindustrier, Denmark's leading producer of aggregates by annual capacity, with a market share of approximately 10%.

ENAV approved its 2025 accounts on Monday, closing with a net profit of EUR93.1 million, down from EUR125.7 million in the previous year.

The board resolved to propose a dividend distribution of EUR156.7 million to the shareholders' meeting, corresponding to EUR0.29 per share, a slight increase from EUR0.27 in 2024. The stock gained 0.2%.

Iren, flat at EUR2.448 per share, closed 2025 with a group net profit of EUR316.6 million, up 4.2% from EUR303.6 million in 2024. The board will also propose a dividend of EUR0.1386 per share, up from EUR0.1283 in 2024.

Webuild announced on Monday that the IRICAV Due Consortium, led by the group and working on behalf of Rete Ferroviaria Italiana - FS Italiane Group, has completed civil works and track laying along the 44.25 kilometers separating Verona from the Vicenza Junction. The stock gained 3.2% following the signing of a EUR117 million ANAS contract by a subsidiary.

On the Small-Cap, EPH - with buying up 11% - announced that Rona Limited Company, as part of its ongoing capital strengthening operation, has signed separate assumption and settlement agreements for the company's financial debt with Kerdos SPV, Altea SPV, and Intesa Sanpaolo.

FILA - up 6.3% at the close - ended 2025 with a group net profit of EUR14.5 million, compared to EUR81.8 million as of December 31, 2024. Adjusted net profit stood at EUR33.0 million, down from EUR40.9 million.

FNM closed 2025 with a net profit of EUR73.6 million, a 24% increase compared to the EUR59.3 million recorded as of December 31, 2024. The stock fell 1.3%.

Gabetti trailed the basket with a 6.0% sell-off to EUR0.532 per share, while Italian Sea Group rebounded with a 15% gain to EUR1.052 per share.

Among SMEs, Friends announced on Monday that it closed 2025 with a production value between EUR15.5 and EUR16.1 million, compared to EUR15.6 million in 2024. The stock closed flat at EUR1.59 per share.

Ubaldi Costruzioni - up 2.6% - closed 2025 with a net profit of EUR5.1 million, up from EUR3.5 million as of December 31, 2024, marking a 47% increase. The value of production amounted to EUR44.6 million, up from EUR36.3 million, a 23% increase over the previous year.

Powersoft, which closed up 4.0%, reported a net profit of EUR9.9 million, a 20% decrease compared to EUR12.3 million in 2024, "due to purchase price allocation and higher financial charges related to the acquisition of K-Array."

Omer announced on Monday that it closed the last financial year with revenue growing year-on-year to EUR91.5 million from EUR84.0 million. The board decided to propose a dividend of EUR0.17, more than double the EUR0.07 paid last year. The stock rose 5.9%.

In New York, the session began on a positive note: the Dow Jones rose 1.3%, the Nasdaq 1.0%, and the S&P 500 1.1%.

On the currency front, the euro is trading at USD1.1584 from USD1.1560 on Friday evening, while the pound is trading at USD1.3394 from USD1.3322 on Friday evening.

Among commodities, Brent is trading at USD102.62 per barrel from USD109.65 per barrel on Friday evening, while gold is valued at USD4,374.19 per ounce from USD4,591.18 per ounce on Friday evening.

On Tuesday's economic calendar, data on French, British, German, and Italian registrations, and more generally for the EU, are expected at 0600 CET.

At 0915 CET, the preliminary manufacturing PMI index is expected from Paris, followed 15 minutes later by Frankfurt, while the Eurozone figure will arrive at 1000 CET. At 1200 CET, the Bundesbank will release its monthly report.

At 2130 CET, the estimate for US oil inventories will be released.

At Piazza Affari, results are expected from 13 companies, including Sabaf, Cairo Communication, and RCS Media Group.

By Michele Cirulli, Alliance News reporter

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