(Alliance News) - The MIB is recording a sharp rise on Wednesday, holding above the 45,500-point mark and continuing a positive trend that has brought it to its highest levels in four weeks. The movement comes within a global risk-on context, supported by improving geopolitical sentiment.
Statements by Donald Trump regarding a possible reduction of the U.S. military presence in Iran within a few weeks have fueled expectations of a de-escalation in the Middle East, reducing the risk premium embedded in equity assets.
On the monetary front, a significant adjustment in expectations regarding the ECB's trajectory is being observed. The market is now pricing in two rate hikes in 2026, compared to the three expected just a few days ago. This repricing reflects more uncertain financial conditions and potentially less robust growth, in sharp contrast to the pre-conflict scenario when a steady or even marginally expansionary policy was hypothesized.
In this context, the MIB is up 2.9% at 45,581.55, the Mid-Cap is advancing 2.3% to 54,508.76, the Small-Cap is up 1.7% at 32,977.25, and Italy Growth is rising 0.4% to 8,320.68.
Also in positive territory, the CAC is advancing 1.5%, the DAX is up 2.0%, while the FTSE 100 is trading 1.8% higher.
On Piazza Affari, Buzzi is advancing 5.9% to EUR45.56 per share after a 0.9% decline in the previous session, moving to the top of the blue-chip segment.
Ferrari is advancing 2.7% to EUR296.90 per share. Berenberg has confirmed a "buy" recommendation on Ferrari with a target price of EUR381.00 for the Milan-listed stock and USD447.00 for the one traded in New York, unchanged from previous coverage, highlighting a resilient growth profile supported by the quality of the mix and cash generation.
Analysts Michael Filatov, Romain Gourvil, and Tommy Whitfield indicate that the first quarter is expected to be solid, with a price/mix contribution above expectations capable of offsetting a slight year-on-year decline in volumes.
Italgas - up 1.8% - announced on Wednesday that, following AGCM requirements during the authorization phase for the acquisition of 2i Rete Gas, it has completed the sale of gas distribution assets in six Atems. Specifically, these involve Massa Carrara and Viterbo to the ATI formed by Plures, Estra, and Centria; Padova 2 and Padova 3 to Ascopiave; Brescia 5 to GP Infrastrutture; and Roma 5 to Erogasmet.
Prysmian is advancing 5.0% to EUR103.75 per share. Notably, JP Morgan has increased its target price to EUR116.00 from EUR113.00.
In the mid-cap segment, Webuild is advancing 5.6% to EUR2.38 per share, following a 0.5% gain at Tuesday's close.
doValue - up 3.7% - announced on Tuesday the award of new servicing mandates in the Hellenic region for a total value of approximately EUR250 million in gross book value, consolidating its leadership position in Greece and Cyprus.
The board of Ferretti - up 3.3% - approved the 2025 financial results on Tuesday, proposing a dividend per share of EUR0.11 and reporting a net profit of EUR90.1 million, up 2.2% compared to 2024. Last year, the dividend was EUR0.10 per share. Net revenues reached EUR1.23 billion, a 5.0% increase over the previous year, outperforming the reference market, as explained by the company in a note.
Webuild - leading with a 5.6% gain - announced on Tuesday that its subsidiary Clough has been awarded a EUR116 million contract for the design and construction of "Kwinana Gas Power Generation 2," a 220 MW open-cycle gas power plant in Kwinana, 40 kilometers south of Perth, to be built on behalf of AGL Energy.
MAIRE - up 3.2% - announced on Wednesday that Nextchem, through its subsidiary KT Tech, has been awarded a contract for preliminary engineering activities and the supply of proprietary equipment for a SAF plant under development in the North Sumatra province, Indonesia.
On the Small-Cap index, Trevi Finanziaria Industriale is advancing 6.0% to EUR0.34 per share following a significant rise the previous day.
The board of Caleffi - down 2.0% - approved the 2025 financial results on Tuesday, recording a net profit of EUR1.8 million, up from EUR1.7 million in 2024. The company's turnover rose to EUR61.1 million from EUR57.5 million the previous year, supported by growth in its main business segments.
The board of directors of Centrale del Latte d'Italia - bearish at 1.0% - approved the 2025 financial statements on Monday, closing with a net profit of EUR4.6 million, up from EUR4.4 million in 2024. Revenues amounted to EUR351.5 million from EUR349.7 million in 2024. Ebitda rose to EUR26.2 million from EUR25.2 million the year before.
Among SMEs, Ecomembrane is advancing 5.6% to EUR4.48 per share, recovering after two bearish sessions.
The board of Mare Group - down 3.1% - approved its accounts on Tuesday evening, showing a net loss of EUR8.7 million, worsening from the EUR300,000 loss recorded in 2024. Consolidated revenues stood at EUR59.1 million, up 45% from EUR40.7 million in the previous year.
The board of Lucisano Group - down 1.8% - approved its accounts, showing a net profit of EUR2.3 million, a slight decrease from the EUR2.5 million recorded in 2024. Consolidated operating revenues and income stood at EUR50.9 million, substantially stable compared to the previous year.
Tecno - up 1.1% - approved its accounts on Tuesday evening, showing a net profit of EUR800,000, a decrease from the pro-forma EUR1.1 million recorded in 2024. The value of production stood at EUR32.2 million, up 22% from the pro-forma EUR26.4 million in 2024.
In New York, during the European evening, the Dow gained 2.5%, the Nasdaq advanced 3.8%, while the S&P 500 closed up 2.9%.
On the currency front, the euro is trading at USD1.1591 from USD1.1524 yesterday evening, while the pound is trading at USD1.3291 from USD1.3198 on Tuesday evening.
Among commodities, Brent is trading at USD103.30 per barrel from USD107.40 per barrel yesterday evening, while gold is worth USD4,725.84 per ounce from USD4,610.63 per ounce yesterday evening.
On Wednesday's macroeconomic calendar, in the afternoon at 1300 CEST in the US, the MBA 30-year mortgage rate and mortgage applications are expected. At 1430 CEST, retail sales will be released, followed at 1545 CEST by the manufacturing PMI index.
The day continues at 1630 CEST with crude oil inventory data and the EIA weekly refined products inventories.
By Maurizio Carta, Alliance News reporter
Comments and questions to redazione@alliancenews.com
Copyright 2026 Alliance News IS Italian Service Ltd. All rights reserved.
