(Alliance News) - On Tuesday, European stock markets closed the session higher with the exception of Milan, as Donald Trump's presidency kicked off in the U.S. and markets reopened optimistically after the Martin Luther King Day break.

"U.S. stock indexes gained after President Trump's inauguration, but Asian and European markets were mixed," says Axel Rudolph, analyst at online trading platform IG.

"President Trump's executive orders and possible 25 percent U.S. tariffs on imports from Mexico and Canada starting Feb. 1 caused a sharp sell-off in the Mexican peso, which hit more than three-year lows. U.S. stocks rose as Treasury yields fell further and the U.S. dollar gave up most of its overnight gains. Netflix's fourth-quarter earnings will be the next benchmark for investors," the expert concluded.

Thus, the FTSE Mib closed down 0.2 percent, the Mid-Cap rose 0.7 percent, the Small-Cap rallied 0.2 percent, and Italy Growth lost 0.4 percent.

In Europe, London's FTSE 100 closed up 0.3 percent, Frankfurt's DAX 40 picked up 0.2 percent, and Paris' CAC 40 gained 0.5 percent.

On the highest capitalization list of Piazza Affari, DiaSorin did best of all by rising 2.9 percent, followed by Snam and Italgas, up 2.0 percent, 2 up 1.8 percent.

UniCredit's takeover bid--down 0.7%--for Milan-based bank Banco BPM--up 0.8%--a is only a "starting point," CEO Andrea Orcel told Bloomberg on Tuesday.

UniCredit confirmed in November that it had made a share offer worth EUR10 billion for Italian rival Banco BPM, offering EUR0.175 UniCredit shares for each Banco BPM share.

Assicurazioni Generali -- down 0.8 percent -- and BPCE announced Tuesday that they had signed a non-binding Memorandum of Understanding to create a joint venture between Generali Investments Holding and Natixis Investment Managers. The two companies will each hold 50 percent, with equally balanced governance and control rights. This will create a champion with EUR1.9 trillion in assets under management, ranking ninth globally and leading Europe in revenues with EUR4.1 billion.

BPER Banca -- in the red by 0.2 percent -- reported Monday that Fitch Ratings upgraded the outlook on its long-term Issuer Default Rating from stable to positive. The rating agency also confirmed the rating at "BBB-" in the Investment Grade and Viability Rating categories.

Stellantis ended at the bottom, down 1.5 percent. The company's sales in December fell in Europe, performing opposite to the European market, where registrations rose 5.1 percent.

As data from ACEA, the European Automobile Manufacturers' Association, showed Tuesday, the merged giant of PSA Groupe and Fiat Chrysler Automobiles posted a 6.7 percent drop from December 2023 and market share fell to 11.6 percent in December from 12.9 percent in the same month a year earlier.

On the Mid-Cap, Webuild closed on top, up 3.2 percent, followed by Salvatore Feerragamo in the green by 2.8 percent.

Banco di Desio e della Brianza -- in the green by 2.4 percent -- announced Tuesday that it has signed an agreement with the European Investment Bank to finance innovative investments by Italian SMEs and midcaps.

The total credit line amounts to EUR200.0 million, with the aim of generating a total of EUR400.0 million in investments in the real economy.

ERG -- in the red by 1.7 percent -- announced Monday the purchase of 159,922 ordinary treasury shares at a weighted average price of EUR19.5518, for a total consideration of EUR3.1 million. The transactions were carried out between January 13 and 17.

Newlat Food -- down 1.0 percent -- on Monday approved the issuance of a senior unrated bond for an initial amount of EUR300 million, with the possibility of increase to a maximum of EUR400 million. The six-year bond has a fixed interest rate of no less than 4.25 percent gross per annum. The bonds will be issued at 100 percent of par value and listed on the Borsa Italiana's Bond Market and Euronext Dublin.

On the Small-Cap, Datalogic - in the green by 7.4 percent - announced Tuesday that it had been awarded a contract worth more than EUR9 million and a major partnership with one of Europe's leading logistics operators, known for its significant presence in some of continental Europe's major countries in the parcel, postal and e-commerce sectors.

Dexelance closed down 1.8 percent after announcing Tuesday that the shareholders' meeting approved the engagement of EY Spa to audit its sustainability reporting for fiscal years 2024-2026.

The assignment involves a fee of EUR59,500 for each financial year.

Aedes -- up 3.8 percent -- announced Monday that its board of directors approved a major transaction with related party Istituto Ligure Mobiliare, which holds 30 percent of the company, aimed at a real estate acquisition. The transaction, involving subsidiary Lavip and controlling partner ILM, involves a co-investment to increase Lavip's equity and acquire an executive property in Genoa, Campi location.

Among SMEs, TMP Group finished up 5.0 percent. It announced Tuesday that it has signed a contract worth about EUR1.2 million to partner with the Japanese headquarters of a well-known international experience company to design and build a country pavilion in EXPO Osaka 2025.

Askoll EVA closed up 3.2 percent. It announced Tuesday that it has appointed Lerrj Piazza as sales & marketing director.

Soges--declining 4.0 percent--reported Monday that its board of directors approved the terms and conditions of a capital increase under option for up to EUR2.87 million, including share premium. Up to 1.3 million new ordinary shares will be issued at a unit price of EUR2.25, with an option ratio of 1 new share for every 4 held.

In New York, the Dow rises 1.0 percent, the S&P 500 advances 0.6 percent, and the Nasdaq climbs 0.2 percent.

Among currencies, the euro changes hands at USD1.0414 versus USD1.0399 in Monday's European equities close. In contrast, the pound is worth USD1.2317 from USD1.2300 on Monday evening.

Among commodities, Brent crude is worth USD79.47 per barrel from USD79.76 per barrel at Monday's European stock close. Gold trades at USD2,742.36 an ounce from USD2,722.40 an ounce last night.

On Wednesday's economic calendar, at 1100 CET the Spanish consumer confidence index is expected while at 1300 CET US mortgage data will come out.

At 1600 CET the US predictive index will come out while at 2230 CET weekly oil stocks are expected.

At Piazza Affari, the results of Grifal are expected.

By Chiara Bruschi, Alliance News reporter

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