(Alliance News) - European stock markets are heading for a cautious opening on Tuesday, weighed down by persistent political uncertainty in France. The risk-off sentiment has been accentuated by the resignation of Prime Minister Sébastien Lecornu, which exacerbates the institutional impasse.
In an attempt to break the deadlock, President Emmanuel Macron has given Lecornu a timeframe of around 48 hours to begin final consultations with the main opposition political forces. Government instability continues to weigh on investor sentiment, fueling volatility and uncertainty on the European front.
As a result, the MIB—after closing down 0.3% at 43,146.13 points yesterday evening—is down 67.50 points.
The CAC 40 in Paris is moving along the parity line, the DAX in Frankfurt is up 10.00 points, while the FTSE 100 in London is on the parity line.
Among the minor indices, last night, the Mid-Cap fell 0.5% to 57,944.36, the Small-Cap advanced 0.5% to 37,627.28, and the Italy Growth gained 0.9% to 8,752.21 points.
On the Milan Stock Exchange, thanks to rumors of a EUR10.00 billion investment plan in the US, Stellantis led the large-cap index with a 3.4% increase to EUR9.325 per share.
Saipem also performed well, up 3.0% after Alpine Associates Management raised its short position to 1.03% from 0.92%.
By the end of the year, a decision is also expected on the future of Mediobanca on the stock market, which in the meantime rose 2.2%: delisting or increase in free float. Lovaglio reiterated that the merger with MPS - down 1.4% - responds to the need for adequate size to compete in an increasingly concentrated market.
Prysmian, which updated its annual high to EUR 89.16 per share, gained 1.7%, while Banco BPM, which hit a 52-week high of EUR 13.025, closed up 0.8%.
STMicroelectronics was just above par at 0.2% following the purchase of treasury shares for EUR7.0 million.
Azimut fell 1.6%, bringing it to the bottom of the list. Ferrari also saw sales, falling 1.6% after a EUR12.0 million buyback.
On the Mid-Cap, PharmaNutra gained 4.0% to EUR49.95 per share.
"Traditional underwater business plus unconventional underwater business" is the recipe presented to the press by Fincantieri CEO Pierroberto Folgiero: the stock jumped 0.5%.
Brembo—down 0.4%—and SIAD announced their entry into the capital of Hydrospark, a start-up incubated and launched by Petroceramics, specializing in the development of advanced technology for the production and storage of hydrogen energy.
OVS carried out a buyback of EUR 29,000 but showed a negative return of 0.2%, as did El.En., which fell by 0.5% after purchasing treasury shares for over EUR 55,500.
Safilo Group, De' Longhi, and Salvatore Ferragamo were the worst performers, down 4.4%, 4.1%, and 3.5%, respectively.
On the Small-Cap index, Esprinet announced that it had continued its digital transformation with two projects: SalesMate and the new AI Smart Search on the Esprinet website. The stock, which reached a 52-week high, advanced 1.1%.
Immsi, which updated its annual high to EUR0.686 per share, gained 4.2%.
Fiera Milano's buyback, for a total value of EUR 328,000, boosted the stock by 0.1%.
At the top, Bastogi and Aeffe posted double-digit gains, rising 16% and 12% respectively. SYS-DAT brought up the rear with a 2.8% decline.
Among SMEs, Edgelab performed well, rising 9.5% to EUR4.730 per share.
Lindbergh signed a binding agreement to acquire 100% of the share capital of Alpiclima di Giuseppe Camaglio & C., with the closing expected to take place by November 15. The stock jumped 4.2%.
SG Company, down 1.3%, signed a binding agreement for the establishment and maintenance of a 51% stake in the share capital of Sounds Great Srl.
Franchi Umberto Marmi, which recorded its annual low of EUR 3.70 per share, closed down 4.0% after a buyback of EUR 15,000.
Ubaldi Costruzioni, which purchased 9,800 shares at EUR 37,000, ended flat at EUR 3.75 per share.
Newly listed Markbass soared to the top with a rise of over 30% to EUR 4.80 per share, along with Officina Stellare, which was up 12%. Powersoft closed the basket with a 5.3% decline, followed by Tecma Solutions at 5.2%.
In New York last night, the Dow Jones fell 0.1%, the Nasdaq rose 0.7%, while the S&P 500 was up 0.4%.
In Asia, with the Chinese and Hong Kong stock exchanges closed for holidays, the Nikkei rose 0.2%.
On the currency front, the euro traded at USD 1.1683 from USD 1.1715 at yesterday evening's stock market close, while the pound traded at USD 1.3445 from USD 1.3479 yesterday evening.
Among commodities, Brent crude traded at USD 65.74 per barrel, up from USD 65.23 per barrel at yesterday evening's close, while gold was worth USD 3,963.15 per ounce, up from USD 3,955.26 per ounce on Monday evening.
In Tuesday's economic calendar, at 0800 CEST the focus is on UK house prices, while at 0845 CEST data on the French trade balance will be published.
At 1430 CEST, the US trade balance report will be released, while at 1700 CEST, US consumer inflation expectations will be announced.
At 1830 CEST, ECB President Christine Lagarde will give a speech.
No significant announcements are expected from the Italian stock exchange.
By Maurizio Carta, Alliance News Reporter
Comments and questions to redazione@alliancenews.com
Copyright 2025 Alliance News IS Italian Service Ltd. All rights reserved.
