European Markets Down Except FTSE 100; Mib at 46,465

(Alliance News) - At the halfway point of Wednesday's trading session, European markets are showing weakness with the exception of the FTSE 100, which is moving higher, up 0.5%.

According to Istat, Italy's industrial production is showing mixed performance. After several months of growth, the index has fallen compared to November, although the annual trend remains positive, driven mainly by the pharmaceutical and manufacturing sectors.

On a monthly basis, the industrial production index fell by 0.4% in December compared to November, a smaller decline than the 0.6% drop forecast by FXStreet.

The Mib is down 0.7% at 46,465.86 points, the Mid-Cap is down 1.2% at 60,386.92, the Small-Cap is down 1.0% at 36,647.74, and the Italy Growth is down 0.2% at 8,720.95 points.

Other European markets are also in the red: the CAC 40 is down 0.5% and the DAX 40 is down 0.4%.

On Piazza Affari, Fincantieri and Generative Bionics have signed a four-year agreement to develop a humanoid welding robot for shipyards. The stock is up 0.3%.

Banca Monte dei Paschi di Siena, which announced the resignation of Stefano Di Stefano, non-independent director and member of the risk and sustainability committee, is down 3.2% at EUR8.501 per share.

After Friday's 25% plunge and Monday's modest rebound, Stellantis attempted to recover but is down 1.6%, weighed down by a double downgrade from Moody's and S&P.

Andrea Orcel, like Carlo Messina, is ready to stay at the helm. "It will be up to the shareholders to decide whether I will remain CEO, but I am very enthusiastic," said UniCredit's CEO – down 1.3% – to Bloomberg TV, confirming his willingness for a new mandate after 2030.

Intesa Sanpaolo – down 2.7% – has placed a dual tranche Additional Tier 1 perpetual bond on the institutional market for a total of EUR1.25 billion. According to the company, this is the Additional Tier 1 issue with the lowest Reset Spread ever.

Fineco closes the basket with a 7.7% drop to EUR20.40 per share, while Italgas and Telecom Italia post positive performances of 2.3% and 2.1% respectively.

On the Mid-Cap, Banco di Desio e della Brianza – down 1.9% – closed 2025 with a net profit of EUR127.3 million, up slightly by 0.3% from the previous year. The board also proposed a dividend of EUR0.5105 per share.

Operating margin stood at EUR241.4 million, supported by growth in net fees and partially offset by a decline in net interest margin due to market rate dynamics.

Intesa Sanpaolo maintains its 'buy' recommendation on Banca Ifis with a target price of EUR25.50, unchanged from previous guidance.

Banca Ifis is preparing to publish its 2025 results, expected on Wednesday, with the last quarter to include for the first time the contribution from illimity Bank. The stock is down 2.1%.

Banca Generali, in line with the daily trend of banking stocks, is down 7.2% at EUR53.80 per share, while Danieli&C tops the list with a gain of 2.1% at EUR67.40 per share.

Among small caps, Banca Profilo closed the 2025 financial year with a consolidated net profit of EUR10.0 million, up 7.7% from EUR9.3 million in 2024. In the fourth quarter alone, net profit was EUR600,000. The stock is down 0.9% at EUR0.172 per share.

Antares Vision – down 0.6% – has approved the 2026 budget and an update to its stand-alone industrial plan. The company expects 2025 revenues to be around EUR204 million, adjusted Ebitda at about 16%, and the PFN/adjusted Ebitda ratio at roughly 2.4 times.

Beewize is down 6.8% at EUR0.345 per share, while Bastogi leads the pack with a 6.4% gain at EUR1.075 per share.

On the Italy Growth segment, TraWell Co – up 0.9% – has renewed its concession to provide baggage wrapping services at Miami International Airport.

As the company explained in a statement, the renewal follows the signing of a modified and restated lease and concession agreement with Miami-Dade County for the continuation of baggage protection services at Miami International Airport.

Ubaldi Costruzioni – up 0.5% – has announced an update to its order book and commercial pipeline as of December 31, 2025, which stands at around EUR212.8 million. The order book includes 54 active contracts, mainly in Central Italy.

EdiliziAcrobatica – up 2.2% – maintains a strong position in the sector despite a business slowdown reflecting the overall industry trend: Intesa Sanpaolo has therefore set a target price of EUR7.8 with a 'buy' recommendation, confirming its view from last October.

In New York, during the European evening, the Dow closed up 0.1%, the Nasdaq fell 0.6%, and the S&P 500 lost 0.3%.

On the currency front, the euro is trading at USD1.1922 from USD1.1901 at Tuesday's European stock close, while the pound is trading at USD1.3706 from USD1.3665 last night.

Among commodities, Brent is trading at USD69.68 per barrel from USD68.94 per barrel last night, while gold is valued at USD5,096.34 an ounce from USD5,019.53 an ounce on Tuesday evening.

On Wednesday's calendar, at 1300 CET, focus in the US will be on the mortgage market report, while at 1900 CET a 10-year T-Note auction is scheduled.

By Michele Cirulli, Alliance News Reporter

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