(Alliance News) - On Monday, major global indexes posted gains, with the FTSE Mib making a strong comeback after five consecutive sessions in the red.

The backdrop remains the ongoing Middle East conflict, with Israel launching further attacks against Iran and Beijing urging for immediate de-escalation. Meanwhile, the US maintains its neutral stance on the ongoing war, though it continues to call for immediate negotiations between the two countries.

The G7 summit in Canada is also addressing these developments, with discussions centered on the Russia-Ukraine war, the Gaza situation, and trade tariffs featuring prominently on the agenda.

The meeting in Kananaskis, set in the Canadian Rockies, is also marked by tensions between Canada and the US after President Trump repeatedly referred to the "annexation" of the neighboring state under the Stars and Stripes.

Chris Beauchamp, chief market analyst at online trading platform IG, commented: "Friday's wave of volatility has given way to a rebound in risk appetite, with investors breathing a sigh of relief as the Middle East conflict remains contained for now. This might seem overly optimistic, given the potential risk of the war escalating into a new and far more dangerous phase. The relief in equities was bolstered by reports that Tehran was seeking to end hostilities, perhaps a sign that Israel's 'shock and awe' campaign has had a real impact in the corridors of Iranian power."

"WTI," the IG analyst added, "fell back below USD70 in afternoon trading as tensions eased in the markets. As unpleasant as it is to witness the ongoing exchange of missiles between the two sides, as long as the Strait of Hormuz remains inactive, it is hard to imagine a scenario in which Friday's gains can be sustained."

On Monday, the FTSE Mib closed up 1.2% at 39,929.18 points; the Mid-Cap rose 0.5% to 53,936.27 points; the Small-Cap advanced 0.9% to 30,896.28 points; and Italy Growth gained 0.3% to 8,072.95 points.

Among other European financial markets, London's FTSE 100 closed up 0.4%, the Paris CAC gained 0.9%, and Frankfurt's DAX rose 0.8%.

On the Milan Stock Exchange, Prysmian and UniCredit led the way with gains of 3.3% and 3.4%, respectively.

At Mediobanca--up 1.2% to EUR19.41--a growing anti-Nagel faction is emerging, challenging CEO Alberto Nagel, who has led the company since 2003. MPS counterattacked, rewarded by the market with a 1.3% rise to EUR7.1 per share.

Leonardo--up 1.0%--and Baykar Technologies on Monday formalized the creation of a 50-50 joint venture called "LBA Systems," headquartered in Italy, for the joint development of unmanned technologies. The new company will focus on the design, development, production, and support of remotely piloted aerial systems, leveraging industrial synergies between the two groups.

Banca Agricola Popolare di Sicilia announced Monday it had signed a multi-year strategic partnership with Nexi--whose shares rose 1.9%--aimed at enhancing its digital payment services offering for families, professionals, and businesses.

Additionally, Amplifon--up 2.4%--on Monday signed a new sustainability-linked loan agreement with ING Italia for EUR75 million. The five-year amortizing loan adds to the five sustainability-linked financings Amplifon has signed in the past twelve months, totaling EUR600 million.

Tenaris reported it had acquired 4.2 million of its own ordinary shares for a total value of EUR65 million. The stock ended up 0.6% at EUR15.65 per share.

Interpump Group, which closed up 1.5%, repurchased 52,000 of its own shares for nearly EUR2 million.

In the Mid-Cap segment, Sanlorenzo climbed 3.3% while Technoprobe topped the list with a 4.0% gain.

Geox--up 6.8%--announced that all approximately 6.8 million unexercised option rights were sold on the first day of the offer, allowing the subscription of over 2.8 million new ordinary shares.

Banca Generali closed down 2.3% at EUR48.8 per share as markets await clarity on Mediobanca's public exchange offer.

In the Small-Cap segment, Digital Value soared 13% to lead, while Class Editori fell 7.7 percentage points.

Piquadro on Monday announced it had approved the consolidated financial statements as of March 31, closing with a consolidated net profit of EUR11.6 million, up about 10% from EUR10.5 million as of March 31, 2024. Consolidated revenue stood at EUR183.6 million, up 1.9% from the fiscal year ending March 31, 2024. Shares closed up 1.8% at EUR2.3 each.

BasicNet continued its buyback program, purchasing 35,000 of its own shares for a total value of approximately EUR302,000. The stock lost 2.3%.

Aeffe--down 3.3%--announced a management change with the appointment of a new strategic executive, Rocco Bennici, as Chief Financial Officer.

EEMS Italia, down 3.7%, announced Monday that its subsidiary Pay Store had obtained a EUR3.5 million unsecured loan from Banca Progetto, which is currently under extraordinary administration.

Among SMEs, Gismondi 1754 stood out with an 8.7% increase, while ICOP took the lead with a 17% gain.

ICOP on Monday announced the signing of a binding agreement with FLS Holding--the vehicle of Palingeo's founding shareholders--for the purchase of a 61.9% stake in Palingeo. The agreement provides for ICOP to acquire over 1.5 million Palingeo shares from FFLS, investing EUR9.2 million, while FLS will contribute over 2.5 million ordinary Palingeo shares to a capital increase in ICOP for a total value of EUR16.4 million.

4AIM SICAF plunged, closing nearly 50% lower.

Impianti, up 7.3%, announced Monday it had signed a strategic partnership with Speedbird Aero, a Brazilian company specializing in autonomous air logistics and smart drone development. The agreement marks Impianti's entry into the Italian market with the "Drone as a Service" model, enabling public and private entities to use drones for various applications without directly purchasing fleets or infrastructure.

Sicily by Car continued its buyback program, acquiring shares worth over EUR77,000. Shares closed unchanged at EUR3.7 each.

Datrix, up 1.8% at EUR1.15 per share, announced the appointment of Raquel Rosenthal as the new Chief Executive Officer of Adapex, the group's US-based company.

In New York at the time of writing, the Dow was up 1.1%, the Nasdaq rose 1.6%, and the S&P 500 was up 1.1%.

Among currencies, the euro traded at USD1.1591 from USD1.1562 on Friday evening, while the pound traded at USD1.3595 from USD1.3594 on Friday evening.

In commodities, Brent crude traded at USD71.15 a barrel from USD74.23 at the previous close, while gold was valued at USD3,392.83 an ounce from USD3,432.55 an ounce the previous day.

On Tuesday, the economic calendar includes the Bank of Japan's monetary policy report at 0430 CEST.

At 1000 CEST, attention turns to the US EIA monthly report; at 1100 CEST, the German ZEW economic sentiment index and, in parallel, the Eurozone economic sentiment survey; at 1430 CEST, US core retail sales, export and import price indexes, and retail sales control group; at 1515 CEST, focus shifts to US industrial production. At 2230 CEST, the day ends with the US weekly oil inventory data.

As for the Milan Stock Exchange, OVS results are expected.

By Michele Cirulli, Alliance News Reporter

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