Stock exchanges up; Stellantis closes list.

(Alliance News) - Major European stock markets rebounded Tuesday, breaking a string of four consecutive days of losses, following Monday's heavy sell-off.

Despite this, trade tensions remained high, with European Commission President Ursula von der Leyen confirming how the EU had proposed to Trump a "zero-for-zero tariffs" deal on industrial goods, a proposal that was rejected. She warned that the EU was ready to take countermeasures, while China said it was "fighting to the end."

As a result, the FTSE Mib is advancing 0.4 percent to 32,970.81 points.

In Europe, London's FTSE 100 is advancing 1.4 percent, Paris' CAC 40 is advancing 1.0 percent, and Frankfurt's DAX 40 is advancing 1.4 percent.

Among the smaller listings, the Mid-Cap is advancing 1.4 percent to 45,074.36, the Small-Cap is advancing 1.7 percent to 26,629.62 while Italy Growth is posting a plus 1.1 percent to 7,395.76 points.

In the bluechip segment, strength on Leonardo, which is up 5.8% to EUR41.32 per share after two sessions in which it left more than 15% on the parterre.

Unipol continues its rise by advancing 4.9 percent to EUR12.96 instead, rebounding after four sessions of heavy declines.

Good purchases also on Banca Mediolanum, which brings the price ahead 3.1%, after four bearish sessions.

BPER Banca -- in the green by 0.8 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 0.1 percent to EUR16.88 per share. Of note, Deutsche Bank cut its target price on the stock to EUR24.00 from EUR28.00 per share.

Stellantis, on the other hand, gives up 2.2%, in its fifth session with a bearish candle.

On the cadet segment, strength on Cementir Holding, which moves up 4.8% after three bearish candles.

On the other hand, Alerion - best on the list - pushes ahead 6.8% after two bearish sessions.

Anima Holding - in the green by 2.3 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 0.2 percent green on eve.

Ariston Holding, meanwhile, gives up 1.6 percent to EUR3.51, in its fourth bearish session.

On the Small-Cap, BestBe Holding advances 9.4 percent bringing the price to EUR0.12 per share, up 9 percent on eve.

Seri Industrial, meanwhile, advances more than 12 percent, in its third bullish session.

Sabaf - in the green by 1.1 percent - continues its buyback program. The company announced 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, Impianti advances 13 percent from the previous session after an 8.3 percent decline on Monday evening.

The board of Redelfi - in the green by 12% - on Monday approved the transaction to sell the shareholdings referable to the subsidiary Enginius and the company RT&L, 26% owned through GPA Solutions, in order to focus its entrepreneurial attention on the green line of business, namely in the development of BESS on both the Italian and the US markets.

The agreement underlying the spin-off stipulates that the company Redeem, which is headed by Marinetta and Intersidera, will acquire from Redelfi the stakes in the non-core companies at the book value recorded in Redelfi's balance sheet, for a total of approximately EUR800,000, and that it will deliberate in return a capital increase at nominal value, for the benefit of Redelfi itself, for a share of 33.33%.

CleanBnB - in the green by 0.9 percent - reported Tuesday that it consolidated its property portfolio in the first quarter to 3,051 units, in more than 100 Italian locations and exclusively managed, with the "FULL package" formula. 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 - up 1.3 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 percent, the Shanghai Composite advanced 1.6 percent, and the Hang Seng rose 1.5 percent.

Among currencies, the euro changed hands at USD1.0924 from USD1.0910 in Monday's European stock close. In contrast, the pound is worth USD1.2745 from USD1.2734 on Monday evening.

Among commodities, Brent crude is worth USD64.34 per barrel from USD64.50 per barrel at Monday's European stock close. Gold trades at USD3,003.00 an ounce from USD2,982.82 an ounce Monday evening.

Tuesday's economic calendar in the evening at 2000 CEST, from the U.S., scheduled a speech by FOMC's Daly, while at 2230 CEST the weekly oil stocks figure will be released.

By Maurizio Carta, Alliance News reporter

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