Mib down; MPS at the top of the list

(Alliance News) - European stock markets are moving without a clear direction on Monday, as global investors prepare for a crucial week marked by decisions from major central banks.

Among these, the Federal Reserve is widely expected to cut rates by 25 basis points, although traders' attention remains focused on the FOMC's updated macroeconomic projections, amid persistent uncertainty about the monetary policy path expected for 2026.

The MIB is thus down 0.1% to 43,370.92 points.

The CAC 40 is down 0.3%, while the DAX 40 is up 0.1%, as is the London FTSE 100.

Among the minor indices, the Mid-Cap is up 0.6% to 58,938.41, the Small-Cap is up 0.2% to 36,215.39, while the Italy Growth is up 0.3% to 8,516.37.

On the Milan Stock Exchange, Banca Monte dei Paschi is up 2.7% to EUR7.79 per share, recovering after two bearish sessions.

Leonardo is up 1.6% to EUR47.99 per share, after falling 0.3% in the previous session.

Buzzi is up 1.3%, following Friday evening's 0.7% gain. Deutsche Bank has raised its target price to EUR58.00 from EUR48.00.

Recordati rose 0.6%. It should be noted that JPMorgan raised its target price on the stock to EUR42.00 from EUR40.00.

Banca Popolare di Sondrio - up 0.5% - announced on Friday that Fitch Ratings had upgraded the bank's credit rating. Specifically, the long-term issuer rating was raised from the previous 'BBB-' to 'BBB', with a positive outlook.

In the mid-cap segment, Fincantieri was up 3.9%, bringing the price to EUR18.31 and heading for its third bullish session.

Alerion Clean Power - up 3.0% - announced on Friday that it had signed a sale and purchase agreement with Estra for the sale of its entire stake in Eolica PM, a company that owns an operational wind farm located in the municipality of Pontelandolfo, with an installed capacity of 52 MW.

Banca Ifis advanced 3.0%, on its second bullish session if confirmed at closing.

Ariston Holding, on the other hand, fell 0.1%. On Friday, the company announced that between December 1 and 5, it had purchased ordinary shares worth approximately EUR 108,000.

Salvatore Ferragamo closed the list with a loss of 1.0% at EUR7.92. Barclays revised its target price downwards from EUR5.10 to EUR4.90.

In the small-cap sector, OPS eCom stands out, rising 7.0%. On Monday, it announced a new step in its plan to expand the company's activities to express transport and logistics. The company has signed a preliminary agreement to acquire 100% of the share capital of KCT, a Galliate-based company operating in road freight transport.

Softlab also performed well, rising 7.0%, following on from the previous session's 0.8% gain.

Pininfarina advanced 3.8%, after falling 1.0% in the previous session.

Among SMEs, Eprcomunicazione advanced 4.4%, aiming for its third bullish session.

Confinvest, down 1.4%, announced on Friday that it had approved a EUR 1.0 million aucap reserved for Dierre. In addition, another capital increase of up to EUR 2.5 million was approved through the issue of ordinary shares without par value to be offered as an option to shareholders.

SolidWorld Group, down 5.7%, announced on Friday that, in light of current market conditions and following a comprehensive analysis of its strategic objectives and capital structure, it had decided not to proceed with the remaining part of the capital increase approved in November 2024, amounting to a total of EUR 5 million. The second tranche, for a residual amount of approximately EUR 2.5 million, will therefore not be launched.

In New York on Friday evening, the Dow gained 0.2%, the Nasdaq gained 0.3%, while the S&P 500 closed up 0.2%.

Among Asian markets, the Nikkei closed up 0.2%, the Shanghai Composite was up 0.5%, while the Hang Seng closed down 1.2%.

On the currency front, the euro is trading at USD 1.1650 from USD 1.1633 at Friday's stock market close, while the pound is trading at USD 1.3324 from USD 1.332 on Friday evening.

Among commodities, Brent crude traded at USD 63.68 per barrel, up from USD 63.74 per barrel at Friday evening's close, while gold was worth USD 4,208.71 per ounce, down from USD 4,216.67 per ounce on Friday evening.

On Monday's economic calendar, the Sentix index of investor confidence in the Eurozone will be assessed at 1030 CET, and at 1700 CET the focus will be on US inflation expectations.

No significant announcements are expected on the Italian stock market.

By Maurizio Carta, Alliance News Reporter

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