(Alliance News) - European stock markets are positioned for a sluggish opening on Monday as investors await an interest rate cut by the Federal Reserve expected this week.
However, the outlook for 2026 remains more uncertain, with Chairman Jerome Powell likely to signal a more cautious path for further easing.
The Mib, after closing down 0.2% at 43,432.77 on Friday evening, is losing 102.00 points.
The CAC 40 is down 17.70 points, the DAX 40 is down 10.80 points, while the FTSE 100 is just below par.
Among the minor indices, on Friday evening, the Mid-Cap closed up 0.3% at 58,583.93, the Small-Cap gained 0.6% at 36,155.92, and the Italy Growth was down 0.1% at 8,495.32.
On the Milan Stock Exchange on Friday, DiaSorin gained the top spot with a 3.6% rise to EUR62.24 per share. AQR Capital Management reduced its short position on DiaSorin to 0.59% from 0.60%.
Stellantis CEO Antonio Filosa, up 2.3%, is calling for a more gradual energy transition than the EU plans and scrappage incentives that make it affordable to change cars.
Filosa explained that some forecasts for electric vehicles were too optimistic: in the US, battery-powered cars account for less than 6% of the market, far from the 50% predicted for 2030, and Europe is also lagging behind.
Banca Mediolanum, down 1.4%, announced on Friday that it had recorded net inflows of EUR 1.16 billion in November, bringing the total since the beginning of the year to EUR 10.40 billion.
Leonardo signed a multi-year contract with the Italian Air Force's National Armaments Directorate for logistical support for the C-27J "Spartan" tactical transport aircraft fleet and for the full-motion simulator at the International Training Center in Pisa. The stock was down 0.3%.
There were good purchases on Amplifon, which closed up 3.5% at EUR13.885 per share, and Brunello Cucinelli, up 2.0%.
In the mid-cap sector, Ariston, up 1.3%, has set its sights on Riello, currently controlled by the American group Carrier after the transition from United Technologies, which was put up for sale following the acquisition of the German company Viessmann.
Binding offers are expected in mid-December, and MIMIT has called a meeting for December 18, while unions have expressed concern.
Fincantieri performed well, rising 2.4% to EUR17.63 per share after the commercial agreement in Bahrain, while Zignago Vetro was at the bottom of the list with a 2.2% decline.
d'Amico International Shipping, up 1.4%, announced on Thursday that its operating subsidiary d'Amico Tankers had signed two new time-charter contracts with a major counterparty.
On the Small-Cap market, Bestbe Holding announced the resignation of its entire board of directors following the resignations of directors Angelo Paletta and Emanuela Cipollari on November 21 and Carlo Casilli on November 26, who also left his operational duties. The stock was not traded because Borsa Italiana suspended it.
The race is on for the renewal of the board of directors of Fiera Milano, down 0.3%, Italy's leading listed trade fair operator, 63.8% controlled by Fondazione Fiera Milano. Matteo Lunelli, chairman and CEO of Ferrari wineries and the family holding company, is said to be in pole position.
BasicNet has reached an agreement to acquire the Sundek brand together with 100% of Kickoff, the current owner and manager of the brand, controlled by Winnie. The initial consideration for the transaction amounts to approximately EUR10 million. The stock was up 7.3%.
The best performer of the day was Trevi Finanziaria Industriale, up 12%. Sales were down 11% on EPH.
Among SMEs, Riba Mundo Tecnologia - up 2.0% - announced that it had received the final tranche of EUR 10.5 million from the insurance company following the damage caused by the warehouse fire on January 25, 2025.
Vivenda Group, which was not traded, announced that Banca Finnat Euramerica had submitted to Borsa Italiana its declaration of succession as Euronext Growth Advisor.
Planetel announced on Friday that it had started work on its new Data Center in Padua, designed by In-Site. The total investment, in the order of EUR 7.0 million, reflects the company's desire to strengthen its infrastructure presence in the Northeast. The stock showed purchases of 1.5%.
Lindbergh - flat at EUR7.60 - announced that, starting Monday, December 8, the minimum trading lot for ordinary shares will be 250 shares.
In New York on Friday evening, the Dow gained 0.2%, the Nasdaq gained 0.3%, while the S&P 500 closed up 0.2%.
Among Asian markets, the Nikkei closed up 0.2%, the Shanghai Composite was up 0.5%, while the Hang Seng was down 1.1%.
On the currency front, the euro is trading at USD 1.1667 from USD 1.1633 at Friday's stock market close, while the pound is trading at USD 1.3333 from USD 1.332 last night.
Among commodities, Brent crude is trading at USD 63.88 per barrel, up from USD 63.74 per barrel at Friday evening's close, while gold is worth USD 4,215.00 per ounce, down from USD 4,216.67 per ounce on Friday evening.
On Monday's economic calendar, the Sentix index of investor confidence in the Eurozone will be assessed at 10:30 CET, and at 17:00 CET, the focus will be on US inflation expectations.
No significant announcements are expected on the Italian stock market.
By Maurizio Carta, Alliance News Reporter
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