Piazza Affari opened with little movement in its main indices, mirroring the cautious mood across other European stock markets, as investors await decisions on monetary policy from the European Central Bank.
On the U.S. macroeconomic front, weekly jobless claims data are expected at 14:30. Yesterday, U.S. President Donald Trump signed a spending bill, ending the partial government shutdown that had delayed the release of key labor market data. However, there is still no set date for the publication of the 'nonfarm payrolls,' which were originally scheduled for tomorrow.
Around 9:40, the Ftse Mib was nearly unchanged.
Banking stocks remain in the spotlight with the arrival of quarterly results. Today, BPER stands out, rising 3% after closing fiscal year 2025 with consolidated net profit of 2.1 billion euros and core revenues of 6.2 billion. Equita notes that results exceeded expectations across all business lines.
POP SONDRIO also performed well, up 1.84% and renewing its all-time highs. MEDIOBANCA was flat after yesterday’s surge on speculation about a possible delisting from Piazza Affari, while its parent company MPS gained 1.65%. The two major banks showed mixed performance: UNICREDIT rose 0.3%, while INTESA SANPAOLO slipped 0.13%.
The drop in crude oil prices weighed on oil stocks, with SAIPEM losing 1% and ENI down 0.72%.
Cement stocks rebounded after yesterday’s sell-off, with CEMENTIR up 2.5% and BUZZI gaining 1.6%.
AEFFE was also in the spotlight, rising over 4% on press speculation that the struggling group may consider a partnership with Invitalia as shareholder and financial partner.
Finally, OVS was in demand, climbing over 3% after preliminary 2025 results came in slightly above expectations on EBITDA and well above forecasts for free cash flow, as highlighted in Equita’s daily report.
(Giancarlo Navach, editing Sabina Suzzi)
