(Alliance News) : Major European stock exchanges closed the session with sharp gains, bolstered by a marked improvement in market sentiment following reports of a deal between the U.S. and Iran aimed at ending conflict and restoring Middle Eastern energy flows.

According to rumors, the agreement, scheduled for signing on Friday, includes the removal of mines in the Strait of Hormuz and the lifting of restrictions on commercial shipping in the Persian Gulf, clearing the path for a gradual normalization of crude oil exports. The evaporation of the geopolitical risk premium triggered a broad recovery in risk assets, particularly benefiting sectors most exposed to the economic cycle.

On the monetary front, markets have revised downward their expectations for further tightening by the European Central Bank. Traders are now pricing in approximately 30 basis points of additional tightening by year-end, equivalent to just one rate hike, compared to the nearly two moves expected prior to the Frankfurt institution's latest meeting.

Eurotower chief Christine Lagarde welcomed the diplomatic developments, though she maintained a cautious stance given previous failed de-escalation attempts and potential second-round inflationary effects.

Echoing this caution, Joachim Nagel emphasized that the full restoration of energy supply will take several months, delaying the disinflationary benefits stemming from the normalization of the oil market.

Consequently, the MIB closed up 0.7% at 51,835.95, the Mid-Cap rose 2.0% to 64,949.67, the Small-Cap ended up 1.5% at 36,743.16, and Italy Growth posted a 0.3% gain to 9,137.74.

Other European markets also finished in positive territory: the CAC 40 closed up 0.5% and the DAX 40 gained 1.1%, while the FTSE 100 : the sole laggard : closed down 0.3%.

Among blue chips, Ferrari led the pack, closing up 4.1% at €319.35 per share, rebounding from a 1.1% bearish candle on Friday evening. Notably, Morgan Stanley upgraded the stock to 'overweight' with a price target of $438.00.

Prysmian gained 1.2% to €145.55 per share. Berenberg confirmed its 'hold' recommendation on Prysmian and raised its price target to €130 from €92, suggesting that the stock's strong appreciation already reflects much of the opportunity related to electrification, artificial intelligence, and potential fiber optic deals with major data center operators.

In a report by Scott Humphreys, the bank argued that the risk-reward profile is now substantially balanced.

UniCredit, up 1.7%, announced Monday that the acceptance level for its voluntary exchange offer for Commerzbank AG reached 134.3m shares as of 2:00 PM CEST on June 15. This represents 11.9% of the German bank's share capital and voting rights, and 12.4% of voting rights excluding treasury shares.

The offer, announced on May 5, provides 0.485 new UniCredit shares for every Commerzbank share tendered and is set to expire at midnight on June 16, subject to extensions under German law.

Leonardo was among the few decliners, falling 2.8%. The company announced Monday a new order from Avincis, a leading emergency air services operator, for 15 helicopters destined for rescue and offshore transport missions in Europe. The order includes 10 AW169 units and 5 AW139 units, with deliveries scheduled between 2028 and 2031 as part of the group's fleet modernization plan.

In the mid-cap segment, Safilo pushed higher with a 6.9% gain, marking its third consecutive positive session to close at €1.88.

Technoprobe surged 7.3%, topping the segment; the stock has risen over 175% in 2026.

NewPrinces edged up 0.3%, securing its fourth straight positive close. Of note, Voleon Capital Management trimmed its short position on the stock to 0.59% from 0.61%.

Selling pressure hit Zignago Vetro, which shed 4.7% after three consecutive bullish sessions.

On the Small-Cap index, Seco advanced 9.1%, finishing in the green for the third straight day.

Piquadro, up 0.8%, announced Monday that its board of directors approved the consolidated financial statements for the year ending March 31, reporting a profit of €12.9m, an increase of over 11% from €11.6m the previous year. The board will propose a total dividend distribution of €7.0m.

Landi Renzo gained 0.3% after signing an amendment to its Indian joint venture agreement, Krishna Landi Renzo India Private Limited. The company sold a 16% stake to local partner Shloka Auto Trimes, reducing its holding to 35%. The transaction involves no direct consideration but transfers full responsibility for potential liabilities related to ongoing customs litigation to Shloka, while freeing Landi Renzo from funding and guarantee obligations toward the venture.

Banca Sistema fell 1.2%. Regarding the mandatory total public tender and exchange offer promoted by Banca CF+ Spa, the bank announced Friday evening that the acceptance period concluded with 85.67% of the share capital reached. To date, over 3.9m Banca Sistema shares have been tendered, representing approximately 26% of the shares subject to the offer and 4.9% of the total share capital.

BasicNet, down 0.5%, disclosed Monday that it purchased 62,500 treasury shares between June 8 and June 12 at an average price of €7.205 each, for a total value of approximately €450,000.

Among SMEs, Destination Italia finished up 7.7% at €0.28 per share, marking its fifth consecutive bullish session.

Next Geosolutions Europe gained 1.9% to €16.00 per share. Intesa Sanpaolo confirmed its 'buy' recommendation and €16.6 price target, viewing the completion of post-lay trenching activities for the Bouri Gas Utilisation Project as strategically positive.

In a note by Giada Cabrino, the bank noted that the initiative represents a further step in the group's development and the expansion of its service range through the integration of trenching activities, aligning with the growth strategy outlined in recent months.

AATech, which did not trade today and last priced at €0.94, announced Monday that its associate Renable Group Srl, a firm specializing in complex turnarounds and industrial value creation, acquired 95.58% of Ineo Srl, a specialist in anti-fraud services, digital identification, and KYC/AML compliance.

Mare Engineering, up 0.8%, continued its buyback program. On Monday, it announced the purchase of 11,400 treasury shares at an average price of €3.97479 each, for a total consideration of €45,312.61.

In New York, the Dow is gaining 1.3%, the Nasdaq is up 2.8%, and the S&P 500 is trading 1.8% higher.

In currency markets, the euro is trading at $1.1602 from $1.1581 on Friday evening, while the pound is at $1.3437 from $1.3417.

Among commodities, Brent crude is trading at $83.11 per barrel from $86.80 on Friday evening, while gold is valued at $4,352.90 per ounce from $4,213.42 at Friday's close.

Tuesday's macroeconomic calendar features industrial production, retail sales, and unemployment data from China at 0400 CEST.

At 1000 CEST, Italy will release inflation data, followed by the German ZEW economic sentiment index at 1100 CEST.

In the U.S., a 20-year bond auction is scheduled for 1900 CEST, with the oil inventory report following at 2230 CEST.

No major corporate events are scheduled for the Piazza Affari today.

By Maurizio Carta, Alliance News reporter

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