(Alliance News) - The Mib index hovered just above parity at midday on Monday, with the benchmark fluctuating just below the 42,700 mark. Meanwhile, the prospect of a U.S. government shutdown appeared to have little impact on market sentiment, as investors awaited key economic data scheduled for release this week.

Parts of the U.S. government would halt operations on Wednesday if Congress fails to pass a funding bill before the end of the fiscal year, set for Tuesday. However, President Donald Trump is expected to meet with Congressional leaders during the day in an effort to avert a shutdown.

In this context, the Mib was trading slightly above parity at 42,656.40 points.

The Mid-Cap index gained 0.9% to 56,573.27, the Small-Cap rose 1.1% to 36,240.62, while the Italy Growth index was fractionally in the red at 8,589.50 points.

In Paris, the CAC 40 climbed 0.3%, as did Frankfurt's DAX 40, while London's FTSE 100 advanced 0.5%.

On the Mib, Brunello Cucinelli continued to show strength since the opening bell, attempting to recover after last week's losses tied to alleged sales channels violating sanctions in Russia. The stock was up 6.5%.

Saipem--up 2.2%--announced on Friday that it received authorization from ExxonMobil Guyana, a subsidiary of Exxon Mobil Corp, to proceed with the Hammerhead oilfield project offshore Guyana. The Milan-based oil services provider said it was cleared to move forward with the offshore engineering, procurement, construction, and installation contract, valued at approximately USD500 million.

The banking segment was in the red, with Banco BPM down 1.7%, pulling back after three consecutive bullish sessions.

UniCredit--down 1.3%--reported Monday that it has concluded the ordinary share buyback program announced to the market last July. As part of the First Tranche of the Residual SBB 2024, UniCredit purchased a total of over 27.5 million shares, equivalent to 1.77% of its share capital, for a total value of EUR1.8 billion.

In the Mid-Cap segment, Comer Industries fell 1.9% to EUR36.30 per share, after gaining 4.8% on Friday evening.

Juventus Football Club--down 1.8%--announced Friday that it closed the fiscal year ending June 30 with a loss of EUR58.1 million, a marked improvement from the EUR199.2 million loss posted in the previous year. Revenues and income rose to EUR529.6 million from EUR394.6 million, up 34%, driven in particular by EUR75.3 million from UEFA competitions--compared to just EUR100,000 in fiscal 2024--and EUR27 million from FIFA competitions. Operating revenues increased 17% to EUR419.9 million.

Danieli--bullish with a gain of over 16%--announced Friday that its board approved the consolidated annual accounts for the year ending June 30, closing with a net profit of EUR220.1 million, down from EUR240.8 million the previous year. Revenues amounted to EUR4.2 billion, down from EUR4.4 billion the previous year.

Avio advanced 6.8% to EUR51.40 per share, aiming for its fourth consecutive bullish session.

Fincantieri rose 2.7%. The company and TUI Cruises--a joint venture between TUI and Royal Caribbean Cruises--signed a contract Monday for the design and construction of two new cruise ships. This order replaces the Memorandum of Agreement signed in March this year with TUI for the construction of two ships for the Marella Cruises brand, as the company explained in a statement. The stock opened trading up 1.7%.

On the Small-Cap index, Banca Profilo showed strength, rising 5.4% to EUR0.17 per share, following a 3.4% gain in the previous session.

Aedes advanced 4.2% to EUR0.22 per share, setting a new 52-week high.

Bastogi--up 1.1%--reported Friday that it closed the first half with a profit of EUR4.7 million, up from EUR2.2 million as of June 30, 2024. The increase was supported by strong performance in the entertainment sector and a EUR3.2 million compensation awarded to subsidiary L'Orologio for the delayed eviction of a property on Via Watteau in Milan, which returned to the group after the Leoncavallo social center was cleared in August.

Tesmec--down 1.1%--announced over the weekend that it finalized a syndicated financing operation totaling EUR55 million. The transaction is structured in four separate contracts with leading financial institutions, with Banca Finint acting as agent bank and SACE agent.

The final maturity for the financing is set for December 31, 2031, with principal repayment scheduled quarterly starting December 31, 2026, for three of the credit lines, and from September 30, 2028, for the fourth.

Beewize was down 2.2% to EUR0.3060, hitting a new 52-week low.

Among SMEs, Compagnia dei Caraibi surged over 12% to EUR0.4380, rebounding after two sessions of double-digit declines.

Adventure was up 7.5%. The board of directors approved the first-half financial results, closing with a net profit of EUR30,000, sharply down from EUR470,000 in the same period of 2024. Total revenues stood at EUR8.2 million, up 45% from EUR5.7 million in the first half of 2024.

CrowdFundMe--still not traded, last price at EUR1.26--announced it closed the first half with fundraising of EUR17.5 million, compared to EUR18.0 million as of June 30, 2024. Six-month revenues were EUR925,810, down from EUR971,975 in the first half of 2024.

Radici--down 1.9%--reported it closed the first half with a net profit of EUR32,000, compared to EUR300,000 as of June 30, 2024. Revenues for the six months were EUR28.1 million, down from EUR29.3 million in the first half of 2024.

Eles--down 0.9%--reported it closed the first half with a consolidated net loss of EUR1.0 million, compared to a profit of EUR300,000 as of June 30, 2024. Sales revenues for the six months were EUR14.0 million, down from EUR15.3 million in 2024.

In New York--on Friday evening--the Dow closed up 0.7%, the Nasdaq gained 0.4%, while the S&P 500 rose 1.9%.

In Asia, the Nikkei closed down 0.7%, the Shanghai Composite advanced 0.9%, and the Hang Seng gained 1.9%.

In currency markets, the euro changed hands at USD1.1730, up from USD1.1690 at Friday's equity close, while the pound traded at USD1.3446, up from USD1.3402 on Friday evening.

Among commodities, Brent crude traded at USD69.13 per barrel, down from USD70.69 per barrel at Friday's equity close, while gold was valued at USD3,812.94 per ounce, up from USD3,779.71 per ounce on Friday.

On Monday's economic calendar, at 1600 CEST, focus in the U.S. will be on the housing market, while at 1930 CEST, a speech by FOMC's Williams is scheduled.

By Maurizio Carta, Alliance News Reporter

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