Mib rears its head again: strength on Unipol and Leonardo

(Alliance News) - Major European stock exchanges moved to rebound Tuesday, breaking a four-day losing streak and following Monday's sharp sell-off.

Trade tensions remained high, however, with European Commission President Ursula von der Leyen confirming that the EU had offered Trump a "zero-for-zero tariffs" deal on industrial goods, which he rejected. She warned that the EU is ready to organize retaliation, while China has vowed to "fight to the end."

The FTSE Mib is advancing 1.4 percent to 33,308.69 points.

In Europe, London's FTSE 100 is advancing 1.2 percent, Paris' CAC 40 is advancing 1.3 percent, and Frankfurt's DAX 40 is advancing 0.5 percent.

Among the smaller listings, the Mid-Cap is advancing 1.9 percent to 45,323.49, the Small-Cap is advancing 1.9 percent to 26,672.06, while Italy Growth is marking a plus 0.8 percent to 7,372.88 points.

In the bluechip segment, strength on Leonardo, which is up 4.8 percent to EUR40.92 per share after two sessions in which it left over 15 percent on the parterre.

Unipol, meanwhile, advances 4.4 percent to EUR12.96, rebounding after four sessions of heavy declines.

BPER Banca - in the green by 1.3 percent - reported that it has taken over about 1.6 million shares of Banca Popolare di Sondrio. The shares were purchased on April 7 at an average price of EUR8.8365, for a total consideration of EUR13.7 million.

STMicroelectronics, on the other hand, rises 1.7 percent to EUR17.20 per share. Of note, Deutsche Bank cut its target price on the stock to EUR24.00 from EUR28.00 per share.

On the cadet segment, strength on SOL, which moves up 8.0 percent with price at EUR37.80 per share.

Alerion, on the other hand, pushes ahead 6.8% after two bearish sessions.

Anima Holding - in the green by 2.7 percent - reported Monday that it recorded positive net inflows of EUR290 million in March in asset management, excluding class I insurance proxies. A result that, as stressed by CEO Alessandro Melzi d'Eril, has already exceeded the entire 2024 inflows in the first three months of the year, thanks mainly to the strong contribution of the retail channel.

Among the few bearish performers, Garofalo gives up 0.6 percent after a 0.2 percent green on eve.

On the Small-Cap, BestBe Holding advances more than 10% bringing the price to EUR0.12 per share, up 9% on eve.

Seri Industrial, on the other hand, advances 6.1%, in its third bullish session.

Sabaf -- in the green by 1.9 percent -- reported Monday that it bought back 5,975 of its own ordinary shares between March 31 and April 4. The shares were taken over at an average unit price of EUR14.8785, for a total value of EUR88,781.90.

Among SMEs, Ecosuntek advances more than 20% before going into the volatility auction.

Implants, on the other hand, advances by 9 percent, following an 8.3 percent decline in the previous session.

CleanBnB - in the green by 4.2 percent - reported Tuesday that it consolidated its property portfolio in the first quarter to 3,051 units, in more than 100 Italian locations and managed on an exclusive, "FULL package" basis. CleanBnB managed stays totaled 22,341, up 13 percent from 19,755 managed stays in the same period in 2024. Guest receipts for managed stays - net of OTA fees exceeded EUR7.4 million - up 10% from the first quarter of 2024, which saw them at EUR6.8 million.

Racing Force - down 1.5 percent - announced Monday that it had signed an agreement with FOX Sports, which owns the TV rights to the NTT Indycar Series, for the use of Driver's Eye immersive technology during selected events in the 2025 season.

In New York on Monday evening, the Dow closed in the red 0.9 percent to 37,965.60, the Nasdaq finished in the green 0.1 percent to 15,603.26 while the S&P 500 retreated 0.2 percent to 5,062.25.

In Asia, the Nikkei closed up 6.0%, the Shanghai Composite advanced 1.6%, and the Hang Seng was in the green by 2.0%.

Among currencies, the euro changed hands at USD1.0972 from USD1.0910 at Monday's European equities close. In contrast, the pound is worth USD1.2774 from USD1.2734 on Monday evening.

Among commodities, Brent crude is worth USD64.02 per barrel from USD64.50 per barrel at Monday's European stock close. Gold trades at USD3,004.00 an ounce from USD2,982.82 an ounce Monday evening.

Tuesday's economic calendar features a speech by De Guindos of the ECB at 1100 CEST.

At 2000 CEST, from the U.S., a speech by Daly of the FOMC is scheduled, while at 2230 CEST the weekly oil stocks figure will be released.

Among companies, no particular announcements are expected.

By Maurizio Carta, Alliance News reporter

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