EU markets in the green following Wall Street

(Alliance News) - The futures market is up on Friday, while the EU and US are at the negotiating table to renegotiate the tariffs that Trump has set at 30% for the entire Old Continent.

In addition, to create greater competitiveness, Ursula von der Leyen is reportedly considering a tax on large companies worth a total of EUR 6.8 billion, targeting companies with revenues exceeding EUR 100 million.

IG futures show the FTSE Mib up 0.4% with an additional 155 points. On Thursday, the highest capitalization index closed the session up 0.9% at 40,128.70 points.

On other markets, the DAX 40 in Frankfurt is up 0.4% and 105.3 points, the CAC 40 in Paris is up 0.5% and 39.6 points, and the FTSE 100 in London is expected to be up 0.3% and 30.5 points.

Among the other Milan indices, the Mid-Cap closed Thursday up 1.0% at 55,429.13, the Small-Cap advanced 1.1% to 32,068.01, and the Italia Growth ended trading just below par at 8,272.74 points.

The Mib was driven yesterday by Prysmian, which led the index with a 5.5% increase to EUR64.18 per share. STMicroelectronics also performed well, rising 3.0% to EUR27.665 per share.

Italgas rose 2.5% to EUR7.075 per share after renewing an agreement with Cadent for decarbonization.

Stellantis closed the session with a 2.1% increase. The company announced on Wednesday that it will discontinue its hydrogen fuel cell technology development program due to the lack of prospects for the sector.

The automaker said it does not expect to adopt hydrogen-powered light commercial vehicles before the end of the decade.

Buzzi closed down 3.6% and BPER Banca followed with a 1.6% decline after confirming a stake of over 58% in Banca Popolare Sondrio, which was down 2.0%.

Meanwhile, after the European Commission's letter "dismantling" the government's Golden Power regarding UniCredit's bid for BPM, Piazza Gae Aulenti is negotiating with Consob to postpone the public offer. UniCredit shares rose 1.1%, while Banco BPM shares rose 0.6%.

On the Mid-Cap, El.En. closed up 5.4% at EUR11.87 per share.

Sesa, which presented its half-year results with revenues of EUR 3.35 billion, up 4.6% year-on-year, ended the session down 15%, recording the worst performance of the day.

Webuild, up 1.2%, announced a new contract award for Lane, the group's US subsidiary, which has been awarded a USD 337 million contract, equivalent to EUR 288 million, for the design and construction of expansion and modernization works along Interstate 85 (I-85) in Gaston County, North Carolina.

WIIT announced on Thursday that it had continued its buyback program with the purchase, between July 7 and 11, of 3,000 treasury shares at an average price of EUR 15.30 per share for a total value of EUR 45,900. The stock closed down 0.6%.

On the Small-Cap market, Olidata took center stage with a 20% increase after Consob exempted it from monthly reporting requirements.

In this regard, Olidata's chairman, Cristiano Rufini, stated that "Olidata's removal from the blacklist is another important step forward, adding to the positive conclusion of the composition procedure and the readmission of the company's shares to trading on the regulated market."

Cy4gate gained 2.2% to EUR4.97 after announcing on Thursday that it had signed an 18-month contract worth a total of EUR9.9 million with a leading European institutional client for the acquisition of Decision Intelligence technologies and upgrades.

Somec closed flat at EUR13.90 after announcing on Thursday that it had updated commercial agreements worth over EUR57 million for its Horizons division, which manufactures engineered systems for naval architecture and civil facades.

Mondo TV slipped 3.8%, extending its negative performance over the last thirty days, which saw a 17% decline.

Fiera Milano, which yesterday updated its new 52-week high to EUR6.05, fell by 0.5%.

Among SMEs, Destination Italia recorded purchases with its stock up 9.8%, while Doxee gained 3.4%.

Svas Biosana, which was not traded on Thursday, finalized the acquisition of 51% of Mehos, a Milan-based company specializing in the marketing of medical devices, particularly for public healthcare facilities.

Directa SIM reported that it closed the first half of 2025 with record results in its three key growth drivers: number of customers, total assets, and number of trades executed. The stock closed down 0.7%.

RedFish LongTerm Capital, which rose 0.4%, announced that it had strengthened its presence in the aerospace sector. Through its subsidiary Movinter, RFLTC finalized the acquisition of 91.5% of Alpi Aviation, a long-standing Friuli-based manufacturer of light aircraft, helicopters, and unarmed drones.

Nusco ended Thursday's trading session down 7.0% at EUR1.07 per share.

Among Asian markets, the Hang Seng is up 0.9%, the Shanghai Composite is up 0.3%, while the Nikkei has gained 0.2% to 39,813.10.

In New York, the Dow Jones closed up 0.5%, the Nasdaq advanced 0.8% and the S&P 500 closed up 0.5%.

On the currency front, the euro is trading at USD 1.1615 from USD 1.1588 at Thursday's close, while the pound is trading at USD 1.3415 from USD 1.3410 on Thursday evening.

Among commodities, Brent crude traded at USD 69.72 per barrel, up from USD 68.57 at the previous close, while gold was worth USD 3,333.85 per ounce, up from USD 3,333.63 on Thursday evening.

On Friday's economic calendar, at 1100 CEST, focus is on construction output in the Eurozone.

At 2:30 p.m. CEST in the US, the focus will be on construction, and at 9:30 p.m. CEST, there will be a report on commodities.

At 9:30 p.m. CEST, the CFTC weekly report will provide a detailed analysis of net positions for "non-commercial" traders on US futures markets.

The Italian stock exchange is expected to release Arterra Bioscience's half-year results.

By Michele Cirulli, Alliance News Reporter

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