(Alliance News) - On Tuesday, the Mib slipped just below parity to around 46,800 points, kicking off a modest round of profit-taking after hitting fresh all-time highs in the previous session.

The market remains focused on the growing wave of quarterly earnings, with traders recalibrating their positions as new corporate results take center stage on the trading floors.

The euro has surpassed the EUR1.19 threshold, reaching its highest level since late January, after the ECB downplayed concerns over the recent appreciation of the currency. The move was also supported by the resignation – effective from June – of Banque de France Governor François Villeroy de Galhau, known for his dovish stance. His early departure, more than a year ahead of the natural end of his term in October 2027, has triggered a reassessment of rate expectations along the curve.

As a result, the FTSE Mib closed just below parity at 46,802.99, the Mid-Cap ended up 0.4% at 61,136.22, the Small-Cap gained 0.5% to 37,003.95, while the Italy Growth index advanced 0.2% to 8,736.44.

London's FTSE 100 closed down 0.3%, Paris' CAC 40 edged up 0.1%, and Frankfurt's DAX 40 slipped 0.1%.

Back in Milan, Ferrari surged after reporting results, with shares soaring more than 10%. On Tuesday, the board approved the 2025 accounts, closing with a net profit of EUR1.6 billion, up 5% year-on-year. The 2026 guidance targets EUR7.50 billion in revenue and a 39% EBITDA margin. Specifically, net revenues stood at EUR7.14 billion, rising 7% – or 8% at constant exchange rates.

Stellantis climbed 3.4% to EUR6.35 per share, attempting a rebound after Friday's disastrous session. Notably, KGH set its short position at 0.50% on Monday.

Brunello Cucinelli also gained, rising 1.0% to EUR83.14 per share after two bearish sessions.

Selling hit Banca Monte dei Paschi, which closed down 3.5% at EUR8.78 per share, after announcing Tuesday it ended 2025 with a net profit of EUR2.75 billion, up from EUR1.95 billion the previous year. The board approved a dividend payout of over EUR2.6 billion, equal to EUR0.86 per share, corresponding to a 10% dividend yield based on the February 6 market price.

Unipol, meanwhile, closed down 2.4% after two bullish sessions, with a price around EUR19.58 per share.

On the Mid-Cap segment, Ariston Holding advanced 6.7% to EUR5.51 per share, marking its fifth consecutive gain. During trading, the stock hit a new 52-week high at EUR5.47 per share.

Salvatore Ferragamo rose 3.0% to EUR6.99, posting its fifth straight bullish candle.

CIR's buyback program continues, with shares up 0.6%. On Monday, the company announced it had purchased 310,000 ordinary shares between February 2 and 6, for a total of EUR215,000.

On the downside, Moltiply Group ended the session down 6.4%, correcting after three consecutive positive sessions.

Webuild dropped 2.8% after three straight gains, closing at EUR3.55.

On the Small-Cap index, Seri Industrial rose 5.1% after gaining 5.8% in the previous session.

Tesmec posted a 1.3% rise, notching its fifth consecutive gain.

Landi Renzo slipped 1.7%, following a modest 0.3% gain the previous day.

Banca Profilo – flat at EUR0.17 – reported Tuesday it closed the 2025 fiscal year with a consolidated net profit of EUR10.0 million, up 7.7% from EUR9.3 million in 2024. In the fourth quarter alone, net profit was EUR600,000.

Fidia fell 2.1%, after gaining 2.6% the previous session.

Among SMEs, Friends advanced 5.2% to EUR1.30 per share, following a 3.3% gain the previous day.

Directa SIM closed up 4.1% at EUR5.64, building on the previous day's 2.3% rise.

EdiliziAcrobatica – up 0.6% – reported Tuesday it closed 2025 with revenues of EUR166.7 million, up from EUR152.5 million the previous year.

Arterra Bioscience ended down 3.6% at EUR3.20 after a 2.5% gain the previous day. On Tuesday, it announced it closed 2025 with revenue of around EUR4.6 million, up 11% from EUR4.2 million as of December 31, 2024. Revenue from the Services division rose to EUR686,050 from EUR653,760, and revenue from Cosmetic Raw Materials increased to EUR4.0 million from EUR3.5 million.

In New York, the Dow is up 0.5%, the Nasdaq is above parity, and the S&P 500 is advancing 0.1%.

On the currency front, the euro is trading at USD1.1901, unchanged from Monday's European close, while the pound is at USD1.3665 from USD1.3668.

Among commodities, Brent crude trades at USD68.94 per barrel from USD69.06 Monday evening, while gold is at USD5,019.53 per ounce from USD5,079.80 per ounce.

Looking ahead to Wednesday's calendar, at 0230 CET, China's producer inflation data will be released, while at 1000 CET, Italy's industrial production figures are due. Also from Italy, a 12-month BOT auction is scheduled for 1110 CET.

At 1300 CET, the US mortgage market report is due, and at 1900 CET a 10-year T-Note auction is scheduled.

It's worth noting that the Japanese stock market will be closed for a national holiday.

Among companies, results are expected from Banca Generali, Banca Ifis, eVISO, Solutions Capital Management SIM, and Unidata.

By Maurizio Carta, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Copyright 2026 Alliance News IS Italian Service Ltd. All rights reserved.