Mib bearish; EU ready to negotiate with Trump

(Alliance News) - European stock markets, with Milan bearish in the 36,000-point area, traded without a single direction on Tuesday as trading floors assessed Donald Trump's first initiatives in his second term as U.S. president.

EU chief Ursula von der Leyen said Tuesday that Europe is ready to negotiate with Trump, but that the bloc will also seek to improve ties with China and other nations as global competition increases.

von der Leyen insisted that the U.S. remains an important partner, taking a conciliatory tone in a speech at the annual meeting of global elites in Davos, Switzerland.

The EU's "first priority will be to engage early, discuss common interests and be ready to negotiate" with Trump.

In Milan, 24 percent of stocks are up, 24 percent down, 6 percent unchanged, while 46 percent of stocks are still not trading. The counter value of trading is about EUR822 million.

Thus, the FTSE Mib trades 0.2 percent red at 36,031.89 points.

In Europe, London's FTSE 100 is green by 0.1 percent, Frankfurt's DAX 40 is hovering just below par, and Paris' CAC 40 is trading up by 0.2 percent.

Among the smaller lists, the Mid-Cap is advancing 0.2 percent to 48,593.90, the Small-Cap is marking a plus 0.1 percent to 28,120.05, while Italy Growth is posting a 0.1 percent loss to 7,841.73.

On the highest-capitalization list of Piazza Affari, strength is confirmed on DiaSorin, which has been in the black since the bell rang, going up 1.5% to EUR103.40 positioning itself at the top of the bluechip segment.

Banca Mediolanum also does well, rising 1.0% to EUR12.79 per share.

Assicurazioni Generali -- down 0.8% -- and BPCE announced Tuesday that they have 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--flat at EUR6.58--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, on the other hand, gives up 1.2 percent after four bullish sessions. 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.

Campari, on the other hand, is leaving 1.3% at EUR5.48 per share on the parterre, in its third bearish session. On the stock it is mentioned that Citadel Advisors Europe has limited its short position on the stock to 0.73% from 0.69% previously.

On the Mid-Cap, ahead Banco Desio e della Brianza, which moves ahead 1.3% to EUR7.76 per share, rebounding after four sessions closed with a bearish candle.

Banca Generali, on the other hand, steps forward 0.7 percent to EUR48.60, updating during the session to a new high in the 52-week time frame at EUR48.86 per share.

ERG - down 0.6 percent - reported on Monday the purchase of 159,922 of its own ordinary 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.

Sesa, on the other hand, is equally marking minus 0.6 percent, breaking an eight-session downtrend.

Tinexta, on the other hand, gives up 0.5 percent, positioning itself at the bottom of the list heading for the third session to close on the bearish side.

Newlat Food -- down 0.7 percent to EUR11.84 -- on Monday approved the issuance of a senior unrated bond for an initial amount of EUR300 million, with the possibility of increasing to a maximum of EUR400 million. The bond, with a term of six years from today's date, has a fixed interest rate of not 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, Bestbe Holding advances more than 10 percent, in its third session of double-digit gains.

Datalogic, on the other hand, marks a plus 7.8 percent, on its third session in surplus.

Aedes--still not trading with last price at EUR0.15--reported 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 shareholder ILM, involves a co-investment to increase Lavip's equity and acquire an executive property in Genoa's Campi locality.

Olidata, on the other hand, is stepping back 6.5 percent, bringing its price to the lowest in the 52-week range at EUR0.26.

Among SMEs, Compagnia dei Caraibi is stepping back 7.1 percent to EUR0.3160, touching EUR0.3150 during trading, the new year-to-date low.

Askoll Eva, on the other hand, is giving up 2.7 percent with price in the EUR0.1065 area, bringing its liability since early 2025 to 24 percent.

Soges--declining 3.1 percent with price at EUR2.17--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.

Among the bullish performers is Ilpra, which moves ahead 4.6 percent to EUR4.08 per share, rebounding after six sessions closed with a negative balance.

Franchetti, meanwhile, pushes ahead by 2.3%, rising after eight sessions with a bearish candle.

In Asia, the Hang Seng closed in the green by 0.9 percent, the Shanghai Composite lost 0.1 percent, while the Nikkei rose 0.3 percent.

In New York, the U.S. stock exchanges remained closed on Martin Luther King Day.

Among currencies, the euro changed hands at USD1.0354 against USD1.0399 at Monday's European stock close. In contrast, the pound is worth USD1.2250 from USD1.2300 on Monday evening.

Among commodities, Brent crude is worth USD78.94 per barrel from USD79.76 per barrel at Monday's European stock close. Gold trades at USD2,719.72 an ounce from USD2,722.40 an ounce last night.

On Tuesday's economic calendar, overseas, at 1430 CET, the inflation figure is released in Canada.

By Maurizio Carta, Alliance News reporter

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