Bullish stock markets; strength for Eni and Campari

(Alliance News) - European stock markets opened higher on Friday, with traders closely monitoring trade tensions and macro data releases. The EU is aiming for a broader trade agreement with the US, showing firmness in negotiations and confidence in its economic weight.

In focus - among the macro data due - the Eurozone trade balance and Italian inflation.

In Milan, 11% of stocks are up, 6% are down, 2% are unchanged, while 81% are not yet trading, with trading volume at around EUR420 million.

As a result, the FTSE Mib is up 0.3% at 40,525.65 points.

The FTSE 100 in London is up 0.5%, the CAC 40 in Paris is up 0.3%, while the DAX 40 in Frankfurt is up 0.4%.

Among the smaller indices, the Mid-Cap is up 0.6% at 54,095.97, the Small-Cap is up 0.1% at 30,912.67, while the Italy Growth is down fractionally.

Back in Milan, Campari got off to a good start, pushing its price up 2.1% to EUR5.91 per share after a marginal gain the previous day.

Eni, up 0.5%, announced on Friday the launch of a new share buyback program, authorized by the shareholders' meeting on May 14. The program provides for the purchase of up to 315 million shares, equal to approximately 10% of the share capital, for a maximum outlay of EUR1.50 billion, which may be increased to EUR3.5 billion depending on the performance of Cash Flow From Operations.

Moody's Ratings has upgraded Telecom Italia's rating by 1.7%, raising its long-term corporate family rating from Ba3 to Ba2 and confirming its stable outlook. The probability of default rating has improved to Ba2-PD from Ba3-PD, while the senior unsecured debt ratings have been upgraded to Ba2 from Ba3, including those issued by subsidiaries Telecom Italia Capital and Telecom Italia Finance.

Interpump Group - up 0.5% - announced on Thursday that it closed the first quarter with a net profit of EUR 57 million, down 16% compared to EUR 67.6 million in the same period of 2024.

On the Mid-Cap, MARR advanced 3.2%, recovering after two bearish sessions with a price of EUR10.26 per share.

The board of Iren - up 2.8% - on Thursday approved the consolidated results as of March 31, closing with a net profit attributable to shareholders of EUR 136 million, up 8% compared to the same period last year. Consolidated revenues as of March 31, 2025, amounted to EUR 2.09 billion, up 34% year-on-year.

The board of Tamburi Investment Partners - up 0.3% - on Thursday approved the consolidated interim report for the period ended March 31, closing with a pro forma consolidated net profit of EUR 6.6 million, compared to a pro forma profit of approximately EUR 29.4 million in the previous year.

Banco di Desio e della Brianza, down 1.0%, announced on Thursday that Fitch Ratings had raised its Long-Term Issuer Default Rating to 'BBB-' from 'BB+', thus assigning the bank investment grade creditworthiness with a stable outlook. The Viability Rating was also upgraded from 'bb' to 'bbb-', while the short-term rating was raised to 'F3'.

On the Small Cap market, Aquafil advanced 3.3% after two sessions of decline, with a price of around EUR1.36 per share.

Eurotech, up 0.8%, reported a net loss of EUR 5 million for the first quarter, worse than the EUR 4.2 million loss recorded in the same period last year.

EEMS Italia - down 4.5% - announced on Friday that it closed the 2024 financial year with a net loss of EUR 2.7 million, an improvement on the loss of EUR 3.0 million recorded in 2023. Revenues amounted to EUR 649,000, down from EUR 1.2 million in the previous year. Taking into account other operating income, total revenues and income reached EUR 2.2 million, up from EUR 1.2 million in 2023.

Tinexta - down 2.8% - announced on Thursday that it closed the first quarter with a net loss of EUR 2.7 million, compared to EUR 3.1 million as of March 31, 2024, while adjusted net income from continuing operations amounted to EUR 3.7 million. Revenues for the three months amounted to EUR 115.5 million, up 17% from EUR 98.4 million in the same period last year.

Among SMEs, Finance for Food rose 6.0%, its third session of gains.

Circle, down 4.6%, announced on Thursday that it closed the first quarter with consolidated production value of EUR 5.8 million, up 59% from EUR 3.6 million as of March 31, 2024. The group's multi-year backlog rose to EUR 29.6 million from EUR 28.5 million as of December 31, 2024.

Green Oleo - up 1.4% - announced on Thursday that it closed the first quarter with a production value of EUR 20.8 million, up 15% from EUR 18.1 million in the same period of 2024. The increase was supported by a slight improvement in sales revenues and a positive change in inventories linked to the general increase in prices.

CrowdFundMe - not yet traded - reported that it closed 2024 with a loss of EUR 676,648, compared to EUR 898,977 in 2023. During the period, revenue stood at EUR 33.2 million, up from EUR 33 million in the previous year.

Further down the list, ATON Green Storage is down 3.6%, closing the day after two sessions in positive territory.

In New York last night, the Dow gained 0.7%, the Nasdaq lost 0.2%, while the S&P 500 is up 0.4%.

In Asia, the Nikkei closed flat, the Shanghai Composite lost 0.4%, while the Hang Seng is down 0.5%.

Among currencies, the euro is trading at USD 1.1208 from USD 1.1180 last night, while the pound is trading at USD 1.3318 from USD 1.3284 last night.

Among commodities, Brent crude is trading at USD 64.53 per barrel, up from USD 61.27 per barrel last night, while gold is trading at USD 3,207.02 per ounce, down from USD 3,218.71 last night.

Friday's macroeconomic calendar includes the consumer price index in Italy at 1000 CEST.

The morning continues at 1100 CEST with the Italian trade balance and, in parallel, the eurozone trade balance.

In the afternoon, at 2:30 p.m. CEST, data on building permits, construction permits issued, and export and import prices will be released in the US.

At 5:00 p.m. CEST, a speech by Lane, member of the ECB's Executive Board, is scheduled.

The day ends at 7:00 p.m. CEST with weekly data from Baker Hughes in the US.

Among the companies listed on the Italian stock exchange, Destination Italia, Esautomotion, Ferretti, Spindox, and Tessellis are expected to report their results.

By Maurizio Carta, Alliance News reporter

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