(Alliance News) - European stock markets-according to the futures market-are headed for a down opening Tuesday following the inauguration of new U.S. President Donald Trump.

The new White House tenant also said he would be considering the imposition of 25 percent tariffs on Mexico and Canada starting in February, without providing details on his tariff plans vis-à-vis China.

Investors await speeches by European Commission President Ursula von der Leyen and German Chancellor Olaf Scholz at the World Economic Forum in Davos, Switzerland.

In the corporate world, Assicurazioni Generali 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.

Thus, the FTSE Mib-after closing 0.3 percent in the red at 36,143.83-is marking a loss of 67.50 points.

In Europe, London's FTSE 100 is marking a loss of 7.50 points, Frankfurt's DAX 40 is surrendering 71.30 points, and Paris' CAC 40 is marking a red of 14.30 points.

Among the smaller lists last night, the Mid-Cap lost 0.3 percent to 48,506.37, the Small-Cap gave up 0.1 percent to 28,094.39, while Italy Growth gave up 0.1 percent to 7,849.56.

Back in Milan on Monday, on the highest-capitalization list of the Milan Stock Exchange, Iveco Group, up 2.7 percent, did best of all.

Also up was Stellantis, in the green by 2.4 percent, while UniCredit, up 1.5 percent, rounded out the podium.

Leonardo is up 0.4 percent. The company signaled Friday that it, along with BF--down 0.4%--will take part in the Mattei Plan for Africa, with the signing of an agreement that strengthens the existing collaboration between the two companies for agricultural and technological development on the continent.

Among the bearish was Enel, in the red by 2.2%, taking other utilities Terna and Hera with it, in the red by 1.6% and 1.4%.

Assicurazioni Generali gave up 0.3 percent. The company on Friday reported that Generali Investments, a global asset management company part of the Generali Group, and MGG Investment Group announced the signing of a definitive agreement under which Conning & Company, the wholly owned subsidiary of Generali Investments, will acquire a majority stake in MGG and its affiliates.

Among midcaps, Iren continued its decline in energy with a 0.8 percent drop. The company announced Thursday that it has placed its first hybrid subordinated perpetual bond issue with a nominal value of EUR500 million.

The issue received applications for subscription nearly eight times the amount offered, totaling orders of EUR4 billion. The settlement date is scheduled for January 23.

Acea also closed in the red, down 0.9 percent.

On the other side of the list, Sesa did better than all, up 3.7 percent.

On the Small-Cap, doValue rose 1.4 percent after it informed on Monday of the signing of two new mandates in the Hellenic region, through doValue Greece Loan and Credit Claim Management Company, which received a new mandate to manage the entirety of a portfolio of proprietary funds managed by affiliates of Fortress Investment Group and Bain Capital.

The portfolio represents the second of three tranches of the "Alphabet Project" in Greece, a portfolio with a total value of approximately EUR5 billion after the first tranche was awarded.

The Alphabet Secured Retail portfolio, for which doValue has been appointed as the sole and only servicer, includes gross book value of approximately EUR1.4 billion and total credit of about EUR2.8 billion covering about 17,000 borrowers and backed by real estate collateral.

SIT rose 8.4 percent. The company reported Friday that its subsidiary MeteRSit signed a contract worth more than EUR20 million with a major European energy company.

Among SMEs, Rosetti Marino rallied 2.1 percent after announcing on Monday that it had signed a contract with the client Società Padana Energia of Milan, headed by its sole shareholder Gas Plus, for the upgrade of the San Potito gas treatment plant of the "Longanesi" field, between the municipalities of Bagnacavallo and Lugo.

The contract - with an initial value of more than EUR50 million to be spread mainly between the years 2025 and 2026 - was awarded to Rosetti Marino at the outcome of the "Open European Tender" announced by Società Padana Energia.

Xenia Hôtellerie Solution - up 17 percent - on Monday announced that it has signed, with a leading customer in the accommodation sector, an extension of the existing contract valid for six months starting in January 2025.

Ulysses Biomed - flat at EUR0.95 per share - on Monday announced that it had signed a new distribution agreement with Montebello Diagnostics.

As the company explained in a note, the agreement provides for the distribution of Ulysses Biomed's proprietary solutions for HPV screening and genotyping, as well as the Hyris System, a proprietary platform consisting of hardware and software for genetic analysis.

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

In Asia, the Hang Seng is posting a green of 0.9 percent, the Shanghai Composite is showing a red of 0.1 percent, and the Nikkei is posting minus 0.3 percent.

Among currencies, the euro changes hands at USD1.0374 against USD1.0399 on Monday's European equities close. In contrast, the pound is worth USD1.2273 from USD1.2300 on Monday evening.

Among commodities, Brent crude is worth USD79.74 per barrel from USD79.76 per barrel at Monday's European stock close. Gold trades at USD2,725.45 an ounce from USD2,722.40 an ounce last night.

On Tuesday's economic calendar, in Germany and the Eurozone, the ZEW index for economic conditions will be due at 1100 CET.

Overseas, at 1430 CET, the inflation figure is released in Canada.

Among the companies listed in Piazza Affari, no particular announcements are expected.

By Maurizio Carta, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Copyright 2025 Alliance News IS Italian Service Ltd. All rights reserved.