Futures Signal Moderate Gains in Europe

(Alliance News) – European stock markets are set to open moderately higher on Monday, amid a context of gradually stabilizing risk sentiment following a week marked by high volatility, triggered by concerns over the potential disruptive impact of artificial intelligence on specific industry sectors.

Trading volumes are expected to remain subdued globally, due to the coincidence of holidays in the USA, China, and other Asian markets, leading to reduced liquidity.

On the macroeconomic front, the release of lower-than-expected U.S. inflation data has strengthened the market's implicit forward guidance towards monetary policy easing by the Federal Reserve, though not immediately, but rather over the course of the year.

The Mib – after closing down 1.7% at 45,430.62 points on Friday evening – is advancing by 102.50 points.

The CAC 40 is up by 22.30 points, the DAX 40 rises by 64.90 points, while the FTSE 100 is showing a gain of 22.00 points.

Among the minor indices on Friday, the Mid-Cap fell by 1.4% to 59,409.72, the Small-Cap posted a 0.3% increase to 36,421.73, and Italy Growth slipped 0.4% to 8,688.67.

At Piazza Affari on Friday, Inwit led the large-cap index with a 5.2% gain to EUR8.87 per share.

Assicurazioni Generali – up 0.6% – launched Generali Core Tech, the group's new software factory, to accelerate technological transformation in line with the strategic plan "Lifetime Partner 27: Driving Excellence".

Prysmian, which fell 2.7%, signed a seven-year agreement worth a total of EUR500 million with Enedis to become the sole supplier of the entire range of medium-voltage cables in France.

Tim Brasil has regained full control of its fiber network by repurchasing the 51% stake sold in 2021 to IHS. The price for the I-Systems stake is BRL950 million – equivalent to EUR154 million –, subject to approval from Cade and Anatel. TIM shares closed up 2.2% at EUR0.64532 per share.

It was a negative day for banks: BPER dropped 5.7%, Banca Popolare di Sondrio 5.5%, BPM 4.4%, and UniCredit 3.8%.

On the Mid-Cap, Intempump released its results and plunged 18% to EUR41.50 per share. The company closed 2025 with consolidated net profit of EUR209.7 million, down 8.2% from EUR228.5 million in 2024.

Revenues stood at EUR2.07 billion, down 0.4% from EUR2.08 billion in the previous year, while on an organic basis the decline was 0.7%.

Avio – up 5.2% – announced that the European launcher Ariane 6 completed its flight from French Guiana, placing 32 satellites into orbit.

Cementir Holding – down 8.6% – reported a pre-tax profit of EUR286.3 million, up 0.5% from EUR284.9 million in 2024. On a non-GAAP basis, pre-tax profit was EUR325.0 million, up 10% from EUR295.3 million in the previous year.

WIIT performed well, gaining 5.0% to EUR27.25. At the bottom, in line with sector performance, was BFF Bank, down 6.4%.

On the Small-Cap, doValue, which announced that its subsidiary Gardant Investor SGR has successfully launched "MiRo", a new closed, multi-compartment alternative investment fund reserved for leading international investors with a maximum target of EUR250 million, fell by 1.2%.

Elica – down 0.4% – ended the year with a normalized net loss attributable to the group of EUR6.4 million compared to a profit of EUR1.1 million in the previous year. The normalized net loss was EUR4.8 million compared to a profit of EUR2.6 million.

Zest, which announced the appointment by co-optation of Paola Generali and Francesca Di Girolamo to the board of directors, replacing Alessandro Malacart and Alessandra Ricci, thus restoring the board to 10 members, ended trading up 0.4%.

OPS Retail, preparing for a change at the head of the board after the resignation of chairman Filippo Ezio Fanelli, rose 6.4% to EUR0.0234, while Aedes lost 5.6%.

Among SMEs, Clabo reported consolidated net sales in 2025 of EUR49.2 million, down 10% from EUR54.9 million in 2024. Specifically, the parent company achieved revenues of EUR24.8 million, down 6.4% from EUR26.5 million in the previous year.

Tecno ESG, a subsidiary of Tecno, exercised the call option on the remaining 35% of Aere, thus acquiring the entire capital. Closing is expected in February for a total of EUR1.2 million. Tecno shares fell 8.2%.

Reway Group, up 2.9%, has, through its subsidiaries MGA and Gema, won a contract worth EUR53.9 million for the construction of the variant to the SS 12 Abetone and Brennero route between Buttapietra and the Verona South Ring Road, as part of an overall contract awarded by Anas worth EUR179.6 million.

Despite the EUR2 million Hi-Tech contract secured, Mare Engineering succumbed to selling pressure, closing down 4.0%.

Kaleon – up 0.7% – has expanded its base of Italian institutional investors through a market transaction executed on February 12 with majority shareholder L6A4.

In New York on Friday evening, the Dow Jones slipped 0.1%, the Nasdaq dropped 0.2%, while the S&P 500 closed up 0.1%.

In Asia, where the Chinese stock exchange remained closed for holidays, the Nikkei fell 0.2%, while the Hang Seng is gaining 0.5%.

On the currency front, the euro is trading at USD1.1862 from USD1.1868 at Friday's close in European equities, while the pound is trading at USD1.3640 from USD1.3624 yesterday evening.

Among commodities, Brent is trading at USD67.66 per barrel from USD67.53 per barrel yesterday evening, while gold is valued at USD5,013.60 per ounce from USD5,019.46 per ounce on Friday evening.

On Monday's economic calendar, there are German auctions with one-year maturities at 1130 CET and at 1430 CET focus on Canadian consumer price data.

Also regarding auctions, this time in France, sovereign bond auctions with three, six, and 12-month maturities will be held at 1500 CET.

At Piazza Affari, results are expected from Kaleon and Leone Film.

By Maurizio Carta, Alliance News Reporter

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