Mib Surges Past 46,800; STM and UniCredit Lead the Pack

(Alliance News) - On Monday, the Mib continued its upward momentum, hovering around 46,800 points, in line with the positive trend seen the previous week, buoyed by a favorable global macro-financial environment.

On the macroeconomic front, investors are awaiting the release of key U.S. economic data this week, crucial for gaining greater clarity on the future direction of Federal Reserve monetary policy, although markets are already pricing in a confirmation of current interest rate levels.

Meanwhile, attention remains focused on the ongoing talks between the U.S. and Iran. The decision by both parties to continue negotiations is fueling expectations of an easing in geopolitical tensions and a reduction in the risk of military escalation.

As a result, the FTSE Mib closed up 2.1% at 46,822.81, the Mid-Cap ended 0.9% higher at 60,918.43, the Small-Cap rose 0.6% to 36,816.10, and the Italy Growth index advanced 0.3% to 8,716.16.

London's FTSE 100 finished up 0.2%, Paris's CAC 40 gained 0.6%, and Frankfurt's DAX 40 climbed 1.2%.

Back in Milan, among the few decliners on the blue-chip Piazza Affari list was Brunello Cucinelli, which closed down 0.6% following a 0.2% drop on Friday evening.

Campari, meanwhile, slipped 0.2% in its third straight session with a bearish candle. Notably, Marshall Wace trimmed its short position on the stock to 0.47% from 0.5%.

STMicroelectronics closed at the top, soaring 9.9%. On Monday, the company announced the expansion of its strategic partnership with Amazon Web Services through a multi-year, multi-billion-dollar commercial agreement covering numerous product categories. The deal encompasses a broad range of solutions and leverages the company's proprietary technology portfolio.

UniCredit also performed strongly, climbing 6.4%. Gae Aulenti ended 2025 with solid results and a new record for profitability, confirming the resilience of its business model in an environment of falling interest rates and more volatile markets.

As the bank announced on Monday, before European markets opened, group net profit rose to EUR10.58 billion, up 14% from EUR9.31 billion in 2024, while statutory net profit reached EUR10.92 billion, an increase of 12% year-on-year.

Fincantieri, meanwhile, gained 3.1%, building on a 0.5% increase in the previous session.

In the mid-cap segment, Moltiply Group stood out, advancing 6.4% to EUR36.65, marking its third consecutive bullish session.

Ariston Holding pushed its price up by 3.7%. The company is continuing its buyback program, most recently reporting the purchase of 19,405 of its own ordinary shares between February 2 and 6, for a total value of approximately EUR94,000.

Maire also showed strength, closing up 3.7% and notching its third straight session with a bullish candle.

Brembo – down 0.3% – announced on Monday that it had signed an agreement with JAC Group, one of China's largest automakers, to develop an innovative synergy for the vehicles of the future. At the heart of the deal is the shared decision to introduce advanced technologies for next-generation cars to the market by developing cutting-edge braking systems and software tailored to the needs of the Chinese automotive sector.

Safilo ended at the bottom of the list, falling 2.1% to EUR2.05, after a 1.2% gain on Friday evening.

In the Small-Cap segment, Tesmec showed strength, rising 8.5% and marking its fourth consecutive bullish session.

Seri Industrial also advanced, closing up 5.8% after two sessions in which it lost a combined total of about 10%.

PLC, meanwhile, pushed its price up by 3.2%, following Friday's 2.4% gain that ended a seven-session losing streak.

Banca Sistema – flat at EUR1.66 – reported results as of December 31, 2025, posting net profit of EUR42.3 million, up 68% from EUR25.2 million at the end of 2024. The result was also driven by the collection of EUR103 million from a municipality following a ruling by the European Court of Human Rights, which enabled the recognition of EUR40.9 million in late payment interest.

Among SMEs, Doxee closed up 5.8%, after three bearish sessions, with a final price of EUR4.40.

Execus – up 2.4% – reported it had received around EUR2.7 million in incentives from the Ministry of Enterprises and Made in Italy to support the research and development project "GLOPS – Green Low-footprint Optimized Platform for Petrol Stations," dedicated to creating a low environmental impact technology platform to optimize processes and services at fueling stations and promote the digital and sustainable transition of the sector.

Franchetti also showed strength, climbing 2.5% following a 2.7% gain in the previous session.

Ecomembrane – at the bottom of the segment – slumped nearly 11%, bringing its price down to EUR4.90 after a 0.9% dip on Friday evening. Previously, the stock had closed with a bullish candle for six consecutive sessions.

In New York, the Dow is trading just above flat, the Nasdaq is up 1.0%, and the S&P 500 is advancing 0.5%.

On the currency front, the euro is trading at USD1.1901 from USD1.1812 at Friday's close of European equities, while the pound is changing hands at USD1.3668 from USD1.3608.

Among commodities, Brent is trading at USD69.06 a barrel from USD68.53 on Friday evening, while gold is valued at USD5,079.80 an ounce from USD4,961.86 an ounce.

Tuesday's calendar, at 1030CET, features a 5-year Gilt and Bund auction.

From the U.S., retail sales are due at 1330CET, while at 2130CET the weekly oil inventory report will be released.

Upcoming earnings include Arterra Bioscience, Banco di Desio e della Brianza, BFF Bank, Ferrari, Ubaldi Costruzioni, and Valtecne.

By Maurizio Carta, Alliance News reporter

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