(Alliance News) – European stock markets, according to futures trading, are poised for a positive start on Tuesday, buoyed by easing geopolitical tensions after President Donald Trump announced a ceasefire between Israel and Iran.
The announcement came shortly after Iranian state media reported that Tehran had launched its "final round" of missiles at Israel. Notably, Iran refrained from targeting the vital Strait of Hormuz, alleviating fears of broader disruptions to global oil supplies.
In Europe, attention turns to the NATO summit opening today in The Hague, where leaders are expected to discuss security priorities in the wake of recent global tensions.
Among Italian indices, the FTSE Mib – after closing down 1.0% at 38,884.51 points on Monday – is showing a gain of 577.50 points in futures trading.
Among the minor indices, the Mid-Cap fell 1.2% to 52,441.37 points on Monday, the Small-Cap closed down 0.9% at 30,508.62 points, while the Italy Growth index lost 0.6% to 8,083.53 points.
In Paris, the CAC 40 is up by 114.40 points, Frankfurt's DAX 40 is up 427.00 points, while London's FTSE 100 is advancing by 46.30 points.
Back in Milan, utilities were the only sector to close higher on Monday, with A2A up 1.6% at EUR2.29 per share, continuing its positive run over the past week after the company announced it had repurchased more than EUR2 million of its own ordinary shares.
Terna followed, posting a 1.3% gain to EUR8.688.
The daily newspaper Domani, in an investigation by Vittorio Malagutti, detailed the operation by which the Ministry of Economy sold a 15% stake in Monte dei Paschi di Siena on November 13, 2024, through an accelerated bookbuilding procedure. The EUR1.10 billion transaction is under scrutiny to assess compliance with the legal transparency requirements. Banca Monte dei Paschi Siena shares closed up 0.2% at EUR6.913 each.
Italgas – up 0.7% at EUR7.050 – announced that all 10.6 million unexercised option rights during the subscription period had been sold, entitling holders to subscribe to up to 2.6 million new ordinary Italgas shares, representing about 1.3% of the total new shares from the capital increase.
According to press reports cited by Bloomberg, Andrea Pignataro's ION Group is looking to acquire a minority stake in a new Italian digital bank backed by private equity firm FSI SGR and asset manager Azimut Holding, whose shares closed down 1.6% at EUR25.90.
Eni has signed an agreement with Ares Management's Alternative Credit funds to sell a 20% stake in Plenitude for approximately EUR2.0 billion. The energy giant's shares closed down 0.6% at EUR14.224.
Mediobanca – down 0.6% at EUR19.135 – reported that shareholder Aurelia had sold put options on a total of 100,000 ordinary shares of the bank.
On the Mid-Cap front, OVS repurchased 299,498 of its own shares for over EUR1 million. The company closed marginally down 0.2% at EUR3.442 per share.
Technoprobe led the index, surging 3.3% to EUR7.315 per share.
Credem lost 0.5% after buying back 92,500 of its own ordinary shares for EUR1.1 million.
d'Amico International Shipping fell 3.3% on the day it announced the sale of two of its oldest vessels.
Tinexta closed at the bottom of the index, down 4.6% at EUR10.70 per share.
Among small caps, Trevi Finanziaria Industriale – up 3.5% at EUR0.2830 – announced Monday that, together with Soilmec, it had secured contracts and orders worth over EUR140 million in April and May, raising the group’s order backlog at the end of May to EUR715 million.
Class Editori rose 1.2% to EUR0.172 per share after the publisher denied rumors of a sale to Francesco Gaetano Caltagirone.
I Grandi Viaggi led the index, gaining 7.2% to EUR2.09 per share.
Among SMEs, Finance For Food rose 3.2% to EUR1.60.
Frendy Energy performed even better, up 15%. Since the company announced it closed 2024 with a total profit of around EUR600,000, its shares have climbed 20% in the past month.
ABP Nocivelli – up 1.0% at EUR5.15 – announced Monday that it had completed, via notarial deed, the merger by incorporation of its wholly owned subsidiary Run Power Plants.
ICOP – flat at EUR13.85 per share – announced Monday that it will participate in the extension of Milan’s M1 metro line westward, from Bisceglie to Quartiere Olmi, with investments exceeding EUR100 million.
Impianti closed the session down 5.5% at EUR1.210, while Execus fell 6.8% to EUR1.230 per share.
Borsa Italiana also announced Monday that Neosperience shares are suspended from trading. Company updates are expected on June 26.
As for US markets, the Dow rose 0.4%, the Nasdaq gained 0.9%, and the S&P 500 closed up 1.0%.
In Asia, the Nikkei advanced 1.0%, the Hang Seng is up 2.1%, while the Shanghai Composite gained 1.1%.
In currencies, the euro is trading at USD1.1616 versus USD1.1531 on Monday evening, while the pound is at USD1.3575 from USD1.3489 in the previous session.
In commodities, Brent crude is trading at USD68.52 per barrel from USD76.13 at the previous close, while gold is valued at USD3,330.43 an ounce versus USD3,381.775 an ounce previously.
Tuesday’s economic calendar includes the German business expectations report and the ifo business climate index at 1000 CEST, followed at 1100 CEST by a speech from Bundesbank board member Mauderer.
At 1200 CEST, focus shifts to UK industrial orders. At 1315 CEST, European Central Bank’s De Guindos will deliver a speech.
At 1430 CEST, attention turns to US current account data, while at 1500 CEST, annual and monthly house price indices will be released.
At 1500 CEST, ECB President Christine Lagarde will speak, followed an hour later by Bank of England Governor Andrew Bailey.
From 1600 CEST, attention turns to manufacturing indices, consumer confidence reports, and testimony from the Fed Chair in the US.
At 2230 CEST, the day concludes with the US weekly oil inventory report.
No significant announcements are expected from companies listed on Piazza Affari.
By Maurizio Carta, Alliance News Reporter
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