Mib Edges Up; Interpump and Recordati Lead Gains

(Alliance News) - European markets showed no clear direction on Friday, as investors remained cautious ahead of further developments in trade talks between US President Donald Trump and Chinese President Xi Jinping.

The two leaders spoke by phone yesterday, agreeing to resume negotiations. However, the lack of concrete progress continues to dampen market optimism.

Meanwhile, attention is also focused on the upcoming US employment report, due later in the day. On the European front, the ECB cut interest rates on Thursday as expected, but President Christine Lagarde hinted that the rate-cutting cycle may have come to an end.

Against this backdrop, the FTSE Mib is up 0.1% at 40,398.63 points.

Among the smaller indices, the Mid-Cap is posting a fractional gain at 54,956.00, the Small-Cap is down 0.2% at 31,544.18, while the Italy Growth index is up 0.3% at 8,103.37.

Across Europe, London's FTSE 100 is up 0.2%, Frankfurt's DAX 40 is down 0.1%, while Paris' CAC 40 is showing a slight decline.

In Milan, on the main blue-chip index, Recordati is up 2.7% at EUR54.40 per share. Notably, JP Morgan has raised its target price on the stock to EUR67.00 from EUR65.00.

Interpump is also up 1.0% at EUR35.24 per share, marking its fourth consecutive positive session.

Nexi is advancing 0.9% to EUR5.32 per share after two losing sessions.

UniCredit - down 0.6% - announced Thursday that it has extended its onemarkets fund range to Slovenia, further expanding its tailored investment offering throughout Central and Eastern Europe.

Leonardo is down 1.4%, after gaining 2.2% in the previous session, with the price hovering around EUR53.56 per share.

On the Mid-Cap, d'Amico is up 4.1% after a 0.6% gain in the previous session.

Ariston Holding is up 2.5% at EUR5.06. During trading, the stock set a new 52-week high at EUR5.09 per share.

Acea is up 0.7% after a 0.9% loss in the previous session.

ERG is up 0.4%, rebounding after a 1.1% loss in the previous session.

Banca Generali - down 0.1% - reported Thursday that it achieved net inflows of EUR609 million in May, bringing the year-to-date total to EUR2.7 billion. Assets under Investment inflows increased by EUR460 million in the month - up 66% year-on-year - for a total of EUR1.13 billion so far this year.

Alerion is down 2.6%, following a 2.7% drop in the previous session.

Fincantieri is retreating by 2.9% to EUR15.66 per share, after a 5.4% gain in the previous session. Notably, the stock has surged by over 126% since the start of 2025.

On the Small-Cap index, Seco is up 3.8% at EUR2.34 per share, rebounding after four consecutive losing sessions.

Gas Plus is up 3.6% at EUR3.99, setting a new 52-week high.

Eems Italia - flat at EUR0.1860 - announced Thursday that at the start of June, it settled further commercial debt positions through settlement agreements, reducing an original amount of EUR99,000 to EUR77,000, of which EUR72,000 has already been paid, generating a gain of approximately EUR22,000.

At the bottom of the list, Trevi Finanziaria Industriale is down 2.9%, marking its third consecutive daily loss.

Among SMEs, Datrix had a strong start, rising 2.0%, with the company increasing its market cap by about a quarter since the start of 2025.

Execus - not traded - announced the subscription of 750,000 new ordinary shares from the reserved capital increase approved at the end of May, for a total value of EUR960,000, representing 96% of the maximum planned amount of EUR1 million.

UCapital24 is down 5.1%, following a 5.6% drop in the previous session, with the share price around EUR0.45.

In New York last night, the Dow closed down 0.3%, the Nasdaq lost 0.8%, and the S&P 500 dropped 0.5%.

In Asia, the Nikkei closed up 0.5%, the Shanghai Composite finished just above flat, while the Hang Seng ended down 0.5%.

In currency markets, the euro is trading at USD1.1419 from USD1.1456 on Thursday evening, while the pound is at USD1.3537 from USD1.3594 last night.

In commodities, Brent crude is trading at USD65.21 per barrel from USD65.58 last night, while gold is at USD3,357.30 an ounce from USD3,395.40 an ounce previously.

Friday's macroeconomic calendar features the US unemployment rate data at 1430 CEST.

By Maurizio Carta, Alliance News reporter

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