(Alliance News) - European stock markets continued to fall on Thursday, influenced by growing uncertainties related to international trade. President Donald Trump announced that he will send letters to major trading partners within one or two weeks to notify them of the application of unilaterally imposed tariffs.
Despite this, Treasury Secretary Scott Bessent hinted that the US administration could extend the 90-day temporary suspension of bilateral tariffs for countries that demonstrate commitment and seriousness in negotiations. Earlier, Trump had also announced the achievement of a new trade agreement with China.
The FTSE Mib is therefore down 1.0% at 39,778.16 points.
In Europe, the FTSE 100 in London is just below par, the DAX 40 in Frankfurt is down 1.0%, while the CAC 40 in Paris is taking a step back of 0.4%.
Among the smaller indices, the Mid-Cap is down 0.9% at 54,298.45, the Small-Cap is down 0.8% at 31,126.38, while the Italy Growth is down 0.5% at 8,096.42.
In the blue chip index, Ferrari is down 2.6%, following yesterday's 0.7% decline.
STMicroelectronics is down 2.6%, reversing course after three sessions of gains.
Moncler is down 2.0%, following yesterday's 1.2% decline.
Banca Mediolanum is down 0.6% to EUR14.23 per share. Deutsche Bank has raised its target price to EUR17.20 from EUR16.90 with a 'buy' recommendation.
Unipol is down 1.2% at EUR16.94 per share. Barclays raised its target price to EUR18.00 from EUR17.50.
Banca Monte dei Paschi di Siena, down 0.8%, successfully completed the placement on Wednesday of a European covered bond of the "Conditional Pass Through" type, maturing on January 18, 2031, and intended for institutional investors, for a total amount of EUR750 million.
The coupon was set at 2.750% per annum, with a re-offer price of 99.728 and a yield of 2.805%, equal to a spread of 54 basis points over the reference rate, an improvement on last July's issue. The bond has an expected rating of Aa3 / AA / AA from Moody's, Fitch, and DBRS Morningstar.
Generali - down 1.0% - placed a Tier 2 bond on Wednesday, maturing in June 2036, for a total of EUR 500 million reserved for institutional investors under its EMTN program.
The issue, with a rating of Baa2 from Moody's and BBB+ from Fitch, will be launched on June 11 with maturity in 2036. The bond offers an annual coupon of 4.135%, payable in arrears, with the first coupon scheduled for June 18, 2026. The issue price is set at 100%, with a spread of 155 basis points above the 11-year Euro Mid-Swap rate, which currently stands at 2.585%.
On the Mid-Cap market, Iren is up 0.7% at EUR2.73, aiming for its third session to end with a bullish candle.
Cembre is up 3.0%, raising its head after four bearish sessions.
Maire is down 2.8% to EUR10.95, its fourth session with a bearish candle and a price in the EUR10.96 area. On Wednesday, the company began the placement of approximately 5 million ordinary shares, equal to 1.5% of its share capital, following the achievement of the targets of its 2022-2024 and 2023-2025 incentive plans.
The sale, aimed at institutional investors through accelerated bookbuilding, will serve to cover the beneficiaries' tax liabilities.
Salvatore Ferragamo, on the other hand, is down 2.7% after two sessions that ended with a bullish candle.
On the Small-Cap market, Bestbe Holding is up 4.2% at EUR0.12 per share and has been trading in the upper echelons since the opening bell.
I Grandi Viaggi is up 1.1% in its third bullish session, trading at EUR1.81 per share.
Gabetti is up 1.1%. Patrigest, a Gabetti group company specializing in real estate advisory and valuation, has been appointed exclusive advisor for the management of a portfolio worth approximately EUR 83 million, as announced by Gabetti on Wednesday. The portfolio consists of 12 mixed-use properties located in northern and central Italy. The mandate comes from the BNL/BNP Paribas Italia Pension Fund, through Fondaco Previdenza Immobiliare SICAF-RAIF.
Softlab, on the other hand, sold 4.9% at EUR1.16 per share, subject to profit taking after last night's 8.4% gain.
Among SMEs, Espe is up 3.8% to EUR3.32 per share, in its third session of gains.
Circle - still flat with a last price of EUR 6.90 - announced on Thursday the signing of a new contract worth a total of EUR 200,000. The assignment, which will last approximately 12 months, is part of ongoing activities to strengthen interoperability and digital evolution of the national port system, as explained by the company in a statement.
Edil San Felice - up 1.5% - announced on Wednesday that it had been awarded a new contract worth EUR 7.5 million by Anas for routine maintenance work in Campania. Specifically, the award concerns Lot 7 of the three-year framework agreement for the execution of scheduled maintenance work on the road network, divided into 16 lots.
On the downside, Emma Villas is down 9.3%, bringing the price to around EUR1.97 per share.
Gambero Rosso, on the other hand, is down more than 12%, subject to profit taking after rising more than 43% in the previous three sessions.
In New York last night, the Dow closed just below par, the Nasdaq lost 0.5%, while the S&P 500 closed down 0.3%.
In Asia, the Nikkei closed down 0.7%, the Shanghai Composite closed just above par, while the Hang Seng closed down 1.4%.
Among currencies, the euro traded at USD 1.1560 against USD 1.1487 at Wednesday's close, while the pound traded at USD 1.3572 from USD 1.3546 yesterday evening.
Among commodities, Brent crude traded at USD 68.73 per barrel from USD 68.19 per barrel at the previous close, while gold was worth USD 3,361.60 per ounce from USD 3,337.48 per ounce the previous day.
In Thursday's economic calendar, the US producer price index is due at 1430 CEST.
By Maurizio Carta, Alliance News Reporter
Comments and questions to redazione@alliancenews.com
Copyright 2025 Alliance News IS Italian Service Ltd. All rights reserved.
