(Alliance News) - European stock markets are poised for a lower open on Tuesday, extending losses from the previous session, as US President Donald Trump ramps up rhetoric over the potential acquisition of Greenland.
Trump reiterated his intention to move "100%" forward with imposing tariffs on European economies should his demands not be met, without ruling out coercive measures.
The EU will convene an emergency meeting in Brussels on Thursday to coordinate a diplomatic and trade response, while on Wednesday Trump is set to attend the World Economic Forum in Davos to meet with representatives from various sectors and discuss the Greenland issue.
On Monday, European stock indices registered their steepest daily decline in two months, with the automotive and luxury sectors leading losses, while some defense stocks posted positive performances.
The Mib, after falling 1.3% to 45,195.89 points, is down another 282.50 points.
Other markets are also in negative territory, with the CAC 40 down 60.20 points, the DAX 40 losing 142.50 points, and the FTSE 100 contracting by 55.00 points.
Among secondary indices, last night the Mid-Cap dropped 1.0% to 60,735.64, the Small-Cap slipped 0.6% to 37,631.13, and Italy Growth saw a decline of 0.8% to 8,794.83.
On Monday in Milan, Ferrari closed down 2.5%. Despite the cooling sentiment, consensus remains positive: according to Bloomberg, 'buy' ratings prevail, with an average target of EUR388 and an upside potential of around 25%.
The market continues to believe in Ferrari's ability to create value but is calling for patience and greater clarity on the company's next industrial chapter.
Azimut, down 0.7%, announced the acquisition of a majority stake in Unifinance Group, a company with a strong presence in wealth management for the Ultra High Net Worth segment and significant penetration among institutional clients. The aim is to strengthen its position in Brazil.
Mitch Collett of Deutsche Bank Research notes that for the fourth quarter, expectations for Campari, down 1.1%, point to organic revenue growth of 1.6% and a 4.0% organic increase in operating profit.
Abet, a leading international player in decorative laminates with commercial presence in over 90 countries, secured EUR20 million in financing from Banco BPM, with sales down 0.2%, aimed at expanding its production capacity in North America.
UniCredit, down 1.5%, finalized a EUR73 million green loan for Teike, the third-largest independent pure player in Italy's public lighting sector, wholly owned by Pioneer Infrastructure Partners.
Hera acquired the Sostelia group. The transaction, valued at EUR138 million, is expected to contribute over EUR20 million to the multi-utility's consolidated EBITDA once fully integrated. The stock gained 0.3%.
Leonardo, buoyed by commercial and geopolitical tensions, managed to attract buying, rising 1.7% to EUR60.00 per share.
Inwit moved into positive territory with a 1.2% gain alongside DiaSorin.
On the Mid-Cap, the board of Alerion Clean Power, down 0.7%, approved the issuance of a senior unsecured, non-convertible, non-subordinated bond for a total value of EUR200 million, with the option to increase by a further maximum of EUR100 million.
Intermonte reaffirmed its 'buy' recommendation on PharmaNutra and raised its target price to EUR88.00 from EUR84.00, in light of preliminary 2025 sales data published on January 19.
Compared to Friday's close at EUR59.50, the revised target price implies a potential upside of over 48%. The stock closed up 6.6%.
Kepler Cheuvreux maintained its 'buy' recommendation on Ferretti, down 0.6%, with an unchanged target price of EUR4.10 compared to the October 2025 update. Relative to the January 16 close at EUR3.64, the target price suggests an upside of about 13%.
Juventus Football Club shares ended trading at the bottom of the list with a 3.2% drop to EUR2.69 per share.
On the Small-Cap, FILA, down 0.5%, finalized the acquisition of a controlling stake in Seven. The agreement provides for the acquisition of 100% of Seven's capital in five tranches by December 31, 2028. Specifically, FILA acquired 51% of Seven's capital for nearly EUR26.8 million.
As reported by Reuters, activist investor Amber Capital has questioned the takeover bid launched by US technology group Crane NXT for Antares Vision, which rose 2.4%.
According to Amber Capital, the binding mandatory offer for the remaining 41% of the capital, equal to EUR5.00 per share, does not adequately reflect the company's value.
OPS eCom announced that, due to the failure to submit a document, the Companies Register canceled the request for protective measures under the CNC procedure, which was then resubmitted. The stock fell 7.6%.
Beewize led the pack with a 10% gain to EUR0.435 per share.
Among SMEs, SG Company reported Monday that last year's consolidated revenue was EUR50.1 million, up 29% from EUR38.7 million as of September 30, and up 45% from the full 2024 fiscal year figure of EUR34.6 million. The stock gained 7.1%.
BackSpin announced the closing of the acceptance period for the mandatory total public tender offer on Spindox. BackSpin will hold a total of 98.7% of Spindox's capital.
Cofle dropped 5.5% to EUR2.90 per share, while TPS rose 8.1% to EUR8.65 per share.
In Asia, the Nikkei slipped 1.1%, the Shanghai Composite closed marginally lower, while the Hang Seng is down 0.4%.
In currency markets, the euro is trading at USD1.1666 from USD1.1645 at Monday's European stock close, while the pound is changing hands at USD1.3431 from USD1.3432 Monday evening.
In commodities, Brent crude is trading at USD63.94 a barrel from USD64.11 a barrel on Monday, while gold is valued at USD4,715.40 an ounce from USD4,671.09 an ounce Monday evening.
Tuesday's economic calendar features a speech by BoE's Bailey at 1045 CET, while at 2230 CET the US will release its weekly oil inventory report.
B&C Speakers' results are expected on the Milan exchange.
By Maurizio Carta, Alliance News Reporter
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