(Alliance News) - The Mib is losing ground at midday on Friday, continuing the weakening trend already seen in the previous session, although losses are somewhat reduced. The ongoing rally in the energy sector is tempering sentiment across European markets.
The macro-financial landscape remains fragile, with ongoing tensions in the Middle East continuing to pose a systemic risk factor for global energy markets, and no concrete signs of de-escalation emerging.
The recent spike in oil prices is fueling fears of renewed inflationary pressures, further strengthening expectations that the European Central Bank may maintain a more restrictive monetary policy stance, and pushing the euro to consolidate around the EUR1.15 level.
Additional signs of stress are coming from the global energy supply side. Disruptions in the crude oil supply chain have led China to temporarily suspend exports of refined products, while refineries in Japan have asked the government for access to strategic oil reserves.
In this context, the Mib is down 0.2% at 44,506.04 points, the Mid-Cap is up 0.6% at 56,661.40, the Small-Cap is in the green by 0.4% at 34,883.23, and Italy Growth is contracting by 0.3% at 8,453.32 points.
Elsewhere in Europe, other exchanges are mixed: the CAC 40 is down 0.1%, the DAX 40 is just below parity, while the FTSE 100 is the only one advancing, up 0.1%.
On the Milan Stock Exchange, Amplifon is showing strength, rising 3.8% to EUR10.90 per share, rebounding after five consecutive bearish candles.
Leonardo is also performing well, up 3.0% at EUR58.38 per share after a 6.1% drop in the previous session.
STMicroelectronics is down 2.7%, after two consecutive sessions in the green and setting a new 52-week high at EUR28.68 per share.
Banca Mediolanum – down 0.2% – reported its commercial results for February on Friday, with total volumes amounting to EUR1.62 billion. Total net inflows stood at EUR1.29 billion for the month, bringing the year-to-date figure to EUR2.01 billion.
On the Mid-Cap segment, Avio is advancing 8.1% to EUR36.55 per share. On Friday, the company announced that Defense Systems and Solutions has selected the group for the development, qualification, and initial production of a solid-propellant engine for air defense.
Reply is also up 4.0%, after a 0.6% loss in the previous session.
Ferretti – up 1.6% – announced on Thursday that Ferretti International Holding Spa has purchased 129,752 ordinary shares of the company, for a total value of EUR482,000.
The board of Italmobiliare – down 3.4% – on Thursday approved the draft financial statements as of December 31, closing the year with a net profit of EUR55.4 million compared to EUR104.8 million in 2024. However, the board has proposed a dividend of EUR1.10, up from EUR0.90 last year. The group reports aggregated revenues rising to EUR1.75 billion, an increase of nearly 10%.
On the Small-Cap, Italian Sea Group is advancing over 11%, bringing the price to 2.09, marking its third consecutive bullish session.
Ratti is also up 4.3%, rebounding after two sessions in which it lost over 10% in aggregate.
Tesmec – up 3.6% – announced on Thursday that it has strengthened its technological position, winning two contracts worth a total of EUR71 million with Slovenian railways for the supply of vehicles for railway network maintenance.
Aeffe is down 3.9% at EUR0.26, on its third session with a bullish candle. On the MarketScreener platform – based on the assessment of a single analyst – the stock is indicated with a target price of EUR0.51, implying a hypothetical upside potential of 100%.
Among SMEs, Green Oleo is up 6.6% after a 3.2% drop in the previous session.
Adventure is up 5.3%, bouncing back after a bearish streak. The stock has lost nearly 15% over the last five sessions.
Maps – down 3.7% – announced it has secured a contract with the Puglia Region for the enhancement and expansion of technological systems supporting health prevention campaigns. The contract is worth about EUR1.3 million for a total duration of 24 months.
E-Globe is down 4.7%. Borsa Italiana announced on Thursday that, from Friday, March 6, and until further notice, no-limit orders will not be allowed on ordinary shares.
In New York pre-market trading, the Dow is down 0.3%, while the Nasdaq and S&P 500 are both down 0.4%.
On the currency front, as mentioned at the top, the euro is trading at USD1.1576 from USD1.1562 at Thursday's close of European equities, while the pound is trading at USD1.3332 from USD1.3300 yesterday evening.
Among commodities, Brent is trading at USD87.33 per barrel from USD84.70 per barrel on Thursday evening, while gold is valued at USD5,084.00 per ounce from USD5,066.00 per ounce the previous day.
As for Friday's macroeconomic calendar, at 1430 CET, attention will turn to the US for unemployment data and retail sales, while in the evening – as is customary on Fridays – the COT Report will be released.
By Maurizio Carta, Alliance News reporter
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