Mib the Only Green Market Among European Bourses Awaited

(Alliance News) - Futures markets on Friday indicate a negative and lackluster start for European bourses, with the exception of Milan's Piazza Affari, expected to open higher.

The Mib is forecast to rise by 0.1%, or 35.0 points, while Paris's CAC 40 is expected to fall by 0.2%, down 19.2 points. Frankfurt's DAX 40 is moving into negative territory by 0.1%, with a decrease of 20.1 points, and London's FTSE 100 is projected to drop by 0.3%, down 29 points.

The week for banks closes with Japan raising rates to 0.75%, the highest level in thirty years.

On the European front, EU leaders on Friday reached an agreement to grant Ukraine a EUR90 billion loan to cover growing budget shortfalls, but failed to agree on using frozen Russian assets to raise the funds.

Yesterday, the Mib rose by 0.8% to 44,463.28, the Mid-Cap gained 1.3% to 58,466.64, the Small-Cap advanced 0.8% to 36,201.98, and Italy Growth climbed 0.2% to 8,481.05 points.

Other European bourses were also positive on Thursday: the CAC 40 and DAX 40 both rose by 1.0%, and London's FTSE 100 was up by 0.7%.

At Piazza Affari, negotiations between Nexi—up 0.4%—and TPG for the sale of clearing and digital corporate banking services within the DbsuDigital Banking Solutions division have cooled, with the US fund reportedly offering around EUR1.00 billion.

Saipem—up 0.3%—is said to be in pole position for a new contract worth over USD5 billion in Qatar. According to Upstream, its joint venture with China's Offshore Oil Engineering Company is the frontrunner in QatarEnergy's North Field Production Sustainability project, ahead of HD Hyundai Heavy Industries, McDermott, and Larsen & Toubro.

Campari has reached an agreement to sell Amaro Averna and Sardinian Mirto Zedda Piras to Illva Saronno Holding. The transaction also includes the creation of a new company to which the Averna and Zedda Piras businesses will be transferred. The stock ended down 0.3%.

Terna—down 0.2%—announced Thursday it plans to bring around EUR800 million in development infrastructure online by 2025, reaffirming its commitment to strengthening the security and resilience of the national transmission grid to support the energy transition.

Interpump Group—up 1.3%—acquired 100% of the share capital of FARMA Srl, a company specializing in the design and production of tank components.

Leonardo has begun development and supply of the first four ballistic defense radars, with the stock responding positively, up 4.1%.

The main basket was closed out by Tenaris, down 2.8%.

On the Mid-Cap, LU-VE announced that the LU-VE Nordics cluster has secured a new strategic order in the Swedish data center segment worth SEK81.6 million, or approximately EUR7.5 million, strengthening the group's position in Northern Europe in high-efficiency and sustainable cooling solutions. The stock gained 1.5%.

Sesa closed the first half of fiscal 2026, as of October 31, with reported net profit of EUR34.4 million, up 19% from EUR28.8 million in the first half of the previous year.

Revenues and other income for the half reached EUR1.60 billion, an increase of 12% from EUR1.43 billion in the first half of 2025. The stock closed up 2.3% at EUR84.90 per share.

Acea—up 0.7%—through its subsidiary a.Quantum, submitted a binding offer accepted by Algebris Investments to acquire up to 100% of the share capital of Aquanexa. The economic value of the deal, in terms of Enterprise Value for 100% of Aquanexa, is estimated at EUR205 million.

OVS—up 1.5%—closed the first nine months with all indicators positive and an adjusted pre-tax result of EUR87.8 million, an improvement of 22%—or EUR15.6 million—compared to the January-September 2024 period, when it stood at EUR72.3 million.

On the Small-Cap, Geox approved its 2026 budget on Wednesday, confirming operating margins in line with its 2025-2029 Industrial Plan estimates, although revenues are expected to decline; the stock fell 0.3% to EUR0.308 per share.

Borgosesia—with sales down 1.4%—has increased the first tranche of its "Borgosesia 6.30%" bond issue to EUR25 million just hours after the placement began, citing higher-than-expected market interest.

IGD, with purchases up 0.3%, has signed an agreement with Coop Alleanza 3.0 for technical management, property management, and leasing activities for a portfolio of over 40 assets including shopping centers, hypermarkets, and supermarkets.

OPS eCom—down 1.2%—announced the launch of OPS Shop, its new proprietary e-commerce portal designed to offer a "simple, secure, and reliable" online shopping experience.

Landi Renzo gained 10% to EUR1.10 per share.

Among SMEs, Spindox, flat at EUR13.00, announced that BackSpin has surpassed the 90% threshold of share capital, triggering the conditions for delisting the shares from trading on Euronext Growth Milan, as part of the mandatory total public tender offer promoted by the bidder.

Estrima—up 2.3%—won a contract under a European procedure and signed a new commercial collaboration agreement for 11 Birò electric vehicles.

Espe, up 1.4%, announced the signing of a new EUR5.9 million contract for the construction of an advanced 9.7 MWp agrivoltaic plant in the province of Reggio Emilia, commissioned by a company active in infrastructure project development in Northern Italy and already a client of the group.

expert.ai—down 0.7%—reported it has confirmed its consolidated revenue and Ebitda targets for 2025. Specifically, consolidated revenues are confirmed in the range of EUR37 million to EUR43 million, in line with the strategic plan to 2026, compared to EUR27.3 million as of December 31, 2024.

Haiki+, up 2.3%, has resolved to increase share capital in a divisible manner, in several tranches and for cash, for a maximum amount including share premium of EUR3 million.

Eles—up 1.0%—has received a new order from the Fraunhofer Institute for Electronic Nano Systems ENAS based in Chemnitz, Germany, for the supply of an ARThpH system with DualPhase technology, destined for the laboratory of the European Test and Reliability Center—ETRC.

Telmes debuted on Euronext with an IPO of over EUR1 million: the first trading session was bearish, down 14% at EUR1.4968 per share.

In New York, the Dow Jones gained 0.1% to 47,951.85, the Nasdaq rose 1.4% to 23,006.36, while the S&P 500 advanced 0.8% to 6,774.76.

In Asia, the Nikkei ended up 1.0% at 49,501.50, the Shanghai Composite was up 0.4% at 3,890.45, and the Hang Seng is trading up 0.8% at 25,703.50 points.

On the currency front, the euro is trading at USD1.1714 from USD1.1737 at Thursday's equity close, while the pound is trading at USD1.3380 from USD1.3393 last night.

Among commodities, Brent is trading at USD59.68 per barrel from USD60.17 per barrel on Thursday, while gold is valued at USD4,327.62 an ounce from USD4,364.70 an ounce Thursday evening.

On Friday's economic calendar, focus on Italy from 1000 CET with consumer confidence and industrial sales, while at 1100 CET Eurozone construction output will be released.

At 1600 CET, Eurozone consumer confidence will be assessed.

Among Piazza Affari companies, results are expected from OPS eCom.

By Michele Cirulli, Alliance News Reporter

Comments and questions to [e-mail]

Copyright 2025 Alliance News IS Italian Service Ltd. All rights reserved.