Milan the only market down; Stellantis and Leonardo perform well

(Alliance News) - On Tuesday, European stock markets - with only Milan confirming the pre-open losses - are continuing to follow the moderate increase of the previous session. Growing expectations of a rate cut by the Fed next month have continued to support investor sentiment.

The MIB is therefore down 0.1% to 42,250.59 points.

The CAC 40 in Paris is up 0.3%, the DAX 40 in Frankfurt is up 0.2%, and the FTSE 100 in London is up 0.3%.

Among the minor indices, the Mid-Cap is down 0.3%, the Small-Cap is down 0.1% to 35,143, while Italy Growth is up 0.1%.

On the Milan Stock Exchange, Leonardo is up 1.9% to EUR45.83 per share, recovering after two bearish sessions.

Stellantis sales - up 0.6% - increased in Europe in October, confirming the general market trend, where registrations rose 5.8% year-on-year. According to data published on Thursday by ACEA, the European Automobile Manufacturers' Association, the group formed by the merger between PSA Group and Fiat Chrysler Automobiles recorded an increase of approximately 4.6% compared to October 2024, with a market share confirmed at 14% compared to the same month last year.

UniCredit - up 0.4% - announced on Monday that it had acquired 2.8 million of its own ordinary shares between November 17 and 21. The shares were purchased at an average price of EUR62.6785 per share, for a total value of EUR178.6 million.

Ferrari, down 0.8%, announced on Monday that it had acquired 63,600 of its own ordinary shares between November 17 and 21 on the Italian stock market. The shares were purchased at an average price of EUR344.2937 per share, for a total value of nearly EUR21.9 million. During the same period, the Prancing Horse company acquired 36,542 of its own ordinary shares on the New York Stock Exchange. The shares on the US market were purchased at an average price of USD 396.7579 per share, for a total value of nearly USD 14.5 million, equal to approximately EUR 12.5 million.

On the secondary market, d'Amico rose 1.4% to EUR5.32 per share, after two sessions ended with a bearish candle.

Banca Ifis rose 1.4% to EUR24.34 per share, after two sessions ending in the red.

Technoprobe, up 0.7%, announced on Monday that it had purchased 280,000 of its own ordinary shares between November 17 and 21. The shares were purchased at an average price of approximately EUR 11.64 per share, for a total value of EUR 3.2 million.

doValue, on the other hand, fell 1.4%, after gaining 2.7% in the previous session.

On the Small-Cap index, OPS gained 5.0% after falling by the same percentage the previous day.

Eurotech, down 1.2%, announced on Monday that it had carried out a buyback between November 17 and 21, purchasing 35,000 of its own shares.

Mondo TV - still flat at EUR0.04 - announced on Monday that, on October 31, the expert appointed as part of the negotiated settlement procedure approved the request to extend the procedure for a further 180 days, with a new deadline set for May 4, 2026. The company also provided an update on the status of the procedure, stating that it had begun initial meetings with banks and various unsecured creditors.

Among SMEs, Edgelab rose 4.6% to EUR5.00 per share after five sessions of decline.

Siav, up 6.5%, announced on Monday that it had signed a memorandum of understanding for the development and distribution of next-generation cloud-native solutions with Alibaba Cloud, the technology division of Alibaba Group. The one-year agreement provides for Siav's ECM solutions, available in versions for small and medium-sized enterprises and larger organizations, to be hosted entirely on Alibaba Cloud's infrastructure.

Lemon Sistemi - up 0.3% - announced on Monday that it had signed a contract with ETA for the construction of Parco Lemon 11, a ground-mounted photovoltaic plant located in the municipality of Alcamo, in the province of Trapani. The transaction, with a total value of approximately EUR1.1 million, was finalized after obtaining the CRPR, a necessary requirement for accessing the PNRR contribution and the widespread self-consumption service.

Ulisse Biomed - up more than 13% - announced that, together with its subsidiaries, it had received and confirmed a commercial order proposal worth almost EUR 759,000 for the sale of next-generation genomic sequencing products to a leading international player in the provision of healthcare screening solutions for public hospitals.

In New York, the Dow Jones closed up 0.4%, the Nasdaq up 2.7%, and the S&P 500 gained 1.6%.

In Asia, the Hang Seng advanced 0.7%, the Shanghai Composite gained 0.9%, and the Nikkei edged up 0.1%.

On the currency front, the euro is trading at USD1.1527 from USD1.1522 at Monday's stock market close, while the pound is trading at USD1.3115 from USD1.3101 last night.

Among commodities, Brent crude traded at USD 62.80 per barrel from USD 62.86 per barrel at Monday's close, while gold was worth USD 4,128.19 from USD 4,093.42 per ounce on Monday evening.

On Tuesday's economic calendar, from the US, at 1430 CET, the focus is on the US producer price index and at 1500 CET on US housing.

On the Italian stock market, Solution Capital Management SIM will publish its results.

By Maurizio Carta, Alliance News Reporter

Comments and questions to [e-mail]

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