Futures Slide; No Progress Between Iran and Israel

(Alliance News) – European stock markets, according to futures trading, are poised to open in negative territory on Tuesday, weighed down by the deteriorating geopolitical situation in the Middle East. The escalating hostilities between Israel and Iran continue to dampen investor sentiment, fueling risk aversion and a shift toward defensive assets.

US President Donald Trump has called for a full evacuation of Tehran in response to ongoing Israeli air raids.

In a further diplomatic escalation, the G7 issued a joint statement supporting Israel, naming Iran as the "main source of instability and terrorism in the region."

On the macroeconomic front, market attention is focused on the release of June's ZEW indices, which gauge economic sentiment in Germany and the eurozone. These figures could provide key insights into growth expectations and the trajectory of recovery in the Eurozone amid ongoing global uncertainties.

The FTSE Mib – after closing up 1.2% at 39,929.18 points last night – is retreating by 175.00 points in early indications.

Among the secondary indices, the Mid-Cap closed up 0.5% at 53,936.27 points, the Small-Cap rose 0.9% to 30,896.28 points, and the Italy Growth index gained 0.3% to 8,072.95 points on Monday evening.

Elsewhere in Europe, London's FTSE 100 is down 50.00 points, Paris's CAC 40 is losing 49.80 points, and Frankfurt's DAX is slipping by 161.20 points.

At Piazza Affari, Prysmian and UniCredit topped the board yesterday, closing up 3.3% and 3.4% respectively.

At Mediobanca – up 1.2% to EUR19.41 – an anti-Nagel faction is emerging and strengthening against CEO Alberto Nagel, who has led the company since 2003. MPS is fighting back and was 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," based in Italy, for the joint development of unmanned technologies. The new company will focus on the design, development, production, and support of remotely piloted aircraft systems, leveraging industrial synergies between the two groups.

Banca Agricola Popolare di Sicilia announced Monday it has entered into a multi-year strategic partnership with Nexi – whose shares rose 1.9% – aimed at strengthening its digital payment services for families, professionals, and businesses.

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

Tenaris reported it had purchased 4.2 million of its own ordinary shares for a total value of EUR65 million. The stock rose 0.6% to EUR15.65 per share.

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

On the Mid-Cap, Sanlorenzo closed up 3.3%, while Technoprobe led with a 4.0% gain.

Geox – up 6.8% – announced that on the first day of its rights offering, all approximately 6.8 million unexercised option rights were sold, allowing for the subscription of more than 2.8 million new ordinary shares.

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

On the Small-Cap list, Digital Value soared with a 13% gain, while Class Editori dropped by 7.7 percentage points.

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

BasicNet continued its buyback program with the purchase of 35,000 own shares for a total of about EUR302,000. The stock lost 2.3%.

Aeffe – down 3.3% – announced a management reshuffle, with the appointment of Rocco Bennici as the group's new Chief Financial Officer.

EEMS Italia, down 3.7%, said Monday its subsidiary Pay Store secured 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% rise, while ICOP took the lead with a 17% jump.

On Monday, ICOP announced it had signed a binding agreement with FLS Holding – the vehicle of Palingeo's founding shareholders – to acquire a 61.9% stake in Palingeo. The deal calls for ICOP to purchase over 1.5 million Palingeo shares from FFLS for EUR9.2 million, while FLS will contribute more than 2.5 million ordinary Palingeo shares to a capital increase in ICOP, totaling EUR16.4 million.

4AIM SICAF plunged, closing down nearly 50%.

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

Sicily by Car continued its buyback, acquiring shares worth over EUR77,000. The stock 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 subsidiary.

In New York last night, the Dow closed up 0.8%, the Nasdaq advanced 1.5%, and the S&P 500 finished 0.9% higher.

In Asia, the Nikkei is gaining 0.5%, the Shanghai Composite is down 0.1%, and the Hang Seng is retreating 0.5%.

Among currencies, the euro is trading at USD1.1562 from USD1.1591 late Monday, while the pound is at USD1.3572 from USD1.3595 the previous evening.

In commodities, Brent crude is trading at USD73.42 a barrel from USD71.15 at the previous close, while gold is valued at USD3,389.90 an ounce from USD3,392.83 an ounce the previous day.

Tuesday's economic calendar includes, at 1100 CEST, the ZEW index of German economic conditions and, in parallel, the eurozone economic sentiment survey.

At 1430 CEST, US core retail sales, export and import price indices, and retail sales control figures are due; at 1515 CEST, US industrial production will be released.

The day closes at 2230 CEST with the release of weekly US oil inventories.

As for Piazza Affari, OVS results are expected.

By Maurizio Carta, Alliance News Reporter

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