(Alliance News) - European stock markets are geared toward a higher opening on Wednesday, while oil prices eased after Iraq reached an agreement to resume exports via the Turkish port of Ceyhan, mitigating concerns over potential supply disruptions linked to the war with Iran.
The US has also intensified efforts to facilitate the reopening of the Strait of Hormuz, although allied countries have so far rejected President Donald Trump"s appeal to contribute to maritime security.
Meanwhile, investors are preparing to assess final Eurozone inflation data for February, ahead of a likely pause in interest rates by the European Central Bank.
The Mib - after closing up 1.2% at 44,887.54 points - is currently marking a gain of 395.00 points.
Other stock exchanges are also in the green: the CAC 40 in Paris is up 58.00 points, the DAX 40 in Frankfurt is advancing by 60.1 points, while the FTSE 100 in London is trading just above par.
In Piazza Affari yesterday evening, the Mid-Cap recorded a 0.1% contraction to 53,464.41, the Small-Cap fell 0.7% to 32,592.72, and Italy Growth shed 0.3% to 8,326.70 points.
On the Mib, another session in deep red for Amplifon, which fell 11% to EUR8.06 per share. S&P confirmed the company"s BB+ rating with a Stable Outlook following the deal to acquire GN Hearing.
Eni, which touched a 52-week high and ended trading up 3.6%, started the first gas supplies from the Quiluma field via the New Gas Consortium, offshore Angola.
Utilities confirmed a positive trend with Enel rising 2.7%.
A2A - up 0.7% - announced on Tuesday that it closed 2025 with growing investments and declining profit, while increasing the dividend to be distributed to shareholders. Total investments reached EUR1.7 billion, up 11% compared to the previous year.
Tenaris took the top of the basket, rising 3.6% to EUR24.11 per share.
Iveco Group - with daily gains of 0.6% - announced that all preliminary conditions for the closing of the sale of its Defense Business, which includes the IDV and ASTRA brands, to Leonardo - which recorded a 0.8% decline - have been met.
Regarding banking consolidation, tension remains high between UniCredit - which closed up 0.5% - and Commerzbank, with the CEO of the German lender deeming the Italian counterpart"s offer hostile and well below the target price.
Stellantis, closing up 3.1%, is dealing with significant production overcapacity in Europe. According to AlixPartners, cited by Bloomberg, the group has an annual capacity of approximately 6.5 million vehicles, but plants are operating at an average of only 46%, with about 3.5 million excess units. This is a sharp deterioration from the 71% utilization seen in 2017.
On the Mid-Cap, Webuild signed a Memorandum of Understanding with Hyundai Engineering & Construction, aimed at consolidating a collaboration already taking shape in several infrastructure-heavy markets. The stock closed down 1.1%.
Deeper integration between Alleanza Assicurazioni and Banca Generali, up 1.8% for the day, could generate strong benefits in terms of distribution, revenue, and valuation.
According to Mediobanca Research, the transaction could bring up to EUR6 billion in value and a 12% increase in the capitalization of Generali, which could exploit the current favorable environment to increase its stake beyond the 50.2% already held in the bank.
A day of discussions took place at Palazzo Chigi in an attempt to overcome the impasse over Pirelli"s governance.
The Golden Power committee heard representatives from the Bicocca-based group and its main shareholders: China National Tire and Rubber Corp, a subsidiary of Sinochem which owns 34.1% of the capital, and Camfin, the leading Italian shareholder led by Marco Tronchetti Provera, who announced a further strengthening of his stake from 25.5% to 25.7%, also reiterating his willingness to increase it up to 29.9%. Pirelli stock closed up 1.0% at EUR5.77 per share.
Tamburi Investment Partners - which recorded a 2.7% decline - announced that it closed 2025 with a pro-forma consolidated net profit of EUR95 million, up 47% from EUR64.6 million as of December 31, 2024.
The company also informed that it has proposed a dividend of EUR0.26 per share, up from the EUR0.15 paid in 2024.
On the Small-Cap, I Grandi Viaggi - down 0.9% at the close - ended the first quarter with a loss of EUR2.2 million compared to a loss of EUR2.1 million in the same period of 2025.
Revenue for the period stood at EUR9.2 million compared to the first quarter of 2025, when it was EUR8.4 million.
OPS eCom announced that it received a binding offer from RBS Holding for the purchase of 100% of SCL, held by Deva.
The transaction involves a consideration of EUR150,000 plus the assumption of approximately EUR300,000 in debt, with deferred payment between the signing and May 2026. The stock saw no trading activity.
Gabetti Property Solution - with a daily share return of 0.3% - announced that it approved consolidated data as of December 31, 2025, reporting a group net profit of EUR100,000 compared to EUR1.1 million in 2024.
Among SMEs, FAE Technology - down 3.5% at the end of the session - closed the 2025 financial year with revenue at EUR66.5 million, down from EUR71.8 million the previous year.
The value of production for the period amounted to EUR67.6 million, down from EUR75.5 million recorded as of December 31, 2024.
Cyberoo approved the purchase from Sedoc Digital Group of a portfolio of trade receivables related to cybersecurity services, with a nominal value of EUR5.7 million and a consideration of approximately EUR5.3 million. The stock decreased by 0.9%.
Misitano & Stracuzzi confirms a difficult market environment, marked by rising raw material costs and a drop in orders from its main customer, linked to de-stocking policies.
These dynamics weighed on the results for the second half of 2025 and prospective cash flows, leading the stock to a massive 66% drop today to EUR0.56 per share.
In New York - during the European evening - the Dow Jones gained 0.1%, the Nasdaq advanced 0.5%, while the S&P 500 finished up 0.3%.
Among Asian markets, the Nikkei gained 2.9%, the Shanghai Composite rose 0.3%, while the Hang Seng is currently marking a gain of 0.9%.
On the currency front, the euro is trading at USD1.1540 from USD1.1529 on Tuesday evening, while the pound is trading at USD1.3365 from USD1.3347 last night.
Among commodities, Brent is trading at USD101.65 per barrel from USD101.55 per barrel yesterday, while gold is worth USD5,006.89 per ounce from USD5,002.53 per ounce last night.
On Wednesday"s economic calendar, the US mortgage report will be released at 1200 CET, followed by the US producer price index at 1330 CET.
The FOMC decision with interest rate projections is scheduled for 1900 CET, followed by the traditional press conference at 1930 CET.
In Piazza Affari, results are expected from Brembo, Eni, and five other companies.
By Maurizio Carta, Alliance News reporter
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