(Alliance News) - European stock markets are expected to open lower on Tuesday, marking a pause after the robust rally that pushed indices to record highs in the previous session.

Investor sentiment is more cautious ahead of several key catalysts this week, including a potential US-China trade agreement, quarterly results from major tech companies, and monetary policy decisions from leading central banks.

Thus, the FTSE Mib--after climbing 1.0% to 42,911.57 points last night--is showing a loss of 37.50 points in early indications.

Paris's CAC 40 is down 15.00 points, Frankfurt's DAX 40 is retreating by 33.50 points, while London's FSE 100 is the only gainer, up 11.20 points.

Among the smaller indices on Monday, the Mid-Cap gained 0.4% to 58,025.04, the Small-Cap edged just above parity at 37,015.58, and Italy Growth rose 0.4% to 8,739.00 points.

At Piazza Affari last night, the banking sector led the buying, with Banca Monte dei Paschi di Siena up 3.3% at EUR7.313 on the eve of a historic appointment for Mediobanca, which gained 1.8%.

Vittorio Grilli takes over as chairman and Alessandro Melzi d'Eril as CEO, marking a full integration into the MPS group.

In Donald Trump's America of tariffs, Intesa Sanpaolo--up 1.8%--continues to strengthen its presence in the US, where over 600 Italian companies are still expanding.

The Ministry of Environment and Energy Security has formally initiated the authorization process for Terna's Sardinian Link, which slipped 0.9%.

The project involves the reconstruction and modernization of Sardinia's electrical infrastructure along a route crossing the island.

STMicroelectronics, which purchased 379,674 ordinary shares at a weighted average price of EUR23.8269 each for a total value exceeding EUR9.0 million, closed 1.0% higher.

Leonardo, following a buyback for a total of EUR25.0 million, ended trading down 0.4%.

Campari sat at the bottom of the list with a 2.1% drop to EUR5.678 per share.

On the Mid-Cap, Juventus Football Club, after a string of negative results, dismissed coach Igor Tudor, closing up 0.3%.

MAIRE advanced 4.4% to EUR13.87 per share. Through its subsidiary Nextchem, the company signed a cooperation agreement with Uzbek state-owned Uzkimyosanoat JSC to develop a carbon capture and storage project in Uzbekistan.

Brembo fell 1.3%, following a 0.7% gain on Friday. In his weekly analysis, Guerrini of Evaluation.it highlights the company's focus on premium market segments with higher added value as an opportunity. According to Guerrini, "the model results converge on a value per share of EUR11.96, which tends to rise or fall by EUR1.6 for each percentage point increase or decrease in the Ebitda margin."

After a series of acquisitions, including Plasmon and Carrefour Italia, Newprinces is preparing for the London listing of its subsidiary Princes Group, scheduled for November 5. The stock benefited, rising 0.5%.

Strong buying also on doValue, up 4.3%, which launched a EUR300 million bond for the acquisition of coeo Group; the sharpest losses were seen in Intercos, down 2.0%.

On the Small-Cap, SIT returned to profit after nine months, with a net profit of EUR1.6 million compared to a loss of EUR8.3 million in the same period of 2024. Revenues were also strong at EUR238.0 million, up 6.8% from EUR222.8 million in the first nine months of last year. The stock soared 18% to EUR2.44 per share.

Zeliatech, a European distributor of sustainable technologies and part of the Esprinet group, which rose 0.3%, announced a partnership with LG Electronics Italia, already a strategic and established partner in Esprinet's portfolio in the TV, monitor, notebook, and home appliances segments.

The announcement of a buyback plan at Digital Bros spurred buying, sending the stock up 3.3%.

IGD SIIQ, flat at EUR3.49, announced that the board of directors has approved the potential issuance of a senior unsecured green bond of up to EUR300 million.

EPH, after reducing its debt and returning to profit with EUR820,000 compared to a loss of EUR590,000, closed up another 10%.

Trevi Finanziaria Industriale closed the basket down 3.8%.

Among SMEs, FAE Technology bought back shares for EUR19,798.70, with the stock surging 12% to EUR3.27 per share.

Alantra has suspended its recommendation on ATON Green Storage--down 2.5%--from 'buy' after first-half results to June 30 showed further deterioration, with activity still affected by weak domestic storage demand, project execution delays, and a lack of incentivized sales.

eVISO appointed current general manager Lucia Fracassi as a new board member and decided to increase share capital by up to EUR70 million to be exercised by October 27, 2030. The stock gained 0.9%.

Confivest performed well, up 9.4%; sales, however, hit TMP Group, which dropped 12%.

In New York, during the European evening, the Dow Jones closed up 0.7% at 47,544.59, the Nasdaq rose 1.9% to 23,637.46, while the S&P500 finished up 1.2% at 6,875.16.

Among Asian markets, the Nikkei fell 0.6%, the Shanghai Composite was down 0.3%, and the Hang Seng is posting a 0.5% decline.

On the currency front, the euro is trading at USD1.1654 from USD1.1638 at Monday's equity close, while the pound is at USD1.3347 from USD1.3331 last night.

Among commodities, Brent is trading at USD65.64 per barrel from USD65.97 per barrel at last night's close, while gold is valued at USD3,943.78 an ounce from USD3,989.94 an ounce yesterday.

On Tuesday's economic calendar, at 1000 CEST, data on Italian consumer confidence will be published, along with the ECB's bank lending survey.

At 1130 CEST, Italy will hold a CTZ auction maturing in two years.

At Piazza Affari, results are expected from Moncler, Fervi, Farmacosmo Compagnia dei Caraibi, and Biesse for the nine-month period.

By Maurizio Carta, Alliance News Reporter

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