(Alliance News) - The Mib opened Wednesday's session on a downward trend, as anticipated by futures markets ahead of the bell and in line with other European exchanges.
Investor confidence remains under pressure, influenced by the escalating rhetoric of U.S. President Donald Trump regarding Greenland and persistent tensions in global bond markets.
Trump has issued threats of additional tariffs against European countries in an effort to strengthen his position on Greenland, heightening geopolitical risk on the eve of his participation at the World Economic Forum in Davos, scheduled for today.
On the macro-political front, the European Parliament is considering a possible suspension of the ratification of the EU-U.S. trade agreement signed last July, while the bloc's main leaders prepare for an extraordinary summit in Brussels set for Thursday, an event that could influence the direction of currency and equity markets.
The blue-chip index is thus down 0.4% at 44,553.01 points.
Among the minor indices, the Mid-Cap is up 0.2% at 60,296.27, the Small-Cap is just below parity at 37,238.13, while Italy Growth slips 0.1% to 8,752.86.
The CAC 40 is fractionally lower, the DAX is down 0.2%, and the FTSE 100 is also trading below the flatline.
On Piazza Affari, on the Mib, DiaSorin rises 2.5% to EUR76.24 per share, after a 1.5% decline the previous day.
Among the few gainers, Tenaris is also up, advancing 1.7%, positioning itself for its third consecutive bullish session if confirmed at closing.
Generali, on the other hand, is down 0.5% to EUR34.06 per share. Notably, Goldman Sachs has raised its target price to EUR36.30 from EUR34.40 per share.
Banco BPM – down 1.2% – has convened a meeting for February 23 to ratify the new articles of association, updated to comply with the Capital Law. The amendment provides for up to six out of 15 board members to be elected from minority lists, doubling the current quota. The explanatory report must be filed within 21 days of the meeting.
This step prepares for the April 16 meeting, which will renew the board and approve the 2025 financial statements, and is part of ongoing discussions with Crédit Agricole, the reference shareholder now holding 29.9% following the ECB's approval, though the ECB has requested to limit board representation to a maximum of seven members.
Prysmian gains 0.3% to EUR94.42 per share, with Barclays raising its price target to EUR112.00 from EUR102.00.
In the mid-cap segment, Ferretti shows strength, rising 2.7% to EUR3.80 per share and topping the index.
MAIRE – up 1.8% – announced Wednesday its entry into the global liquefied natural gas (LNG) market. Subsidiary Tecnimont has signed a preliminary agreement with Argent LNG to participate in the development of an LNG export complex in Port Fourchon, Louisiana, a strategic U.S. energy hub.
The agreement marks Tecnimont's entry into the export LNG segment, considered one of the main growth drivers for Maire's Integrated Engineering & Construction business unit.
Webuild – up 0.7% – announced Wednesday that its subsidiary Lane, in a 50-50 joint venture with Superior Construction, has signed contracts worth USD643 million for the construction of the Westshore Interchange, the largest infrastructure project by the Florida Department of Transportation in the Tampa Bay area.
Pirelli is up 1.3%. Camfin is ready not to renew the shareholders' agreement with Sinochem, expiring at the end of May, a move set to redefine Pirelli's governance and strengthen Marco Tronchetti Provera's leadership.
According to sources close to the government, the decision will be formalized by the end of January as part of the technical table at the Ministry of Enterprises and Made in Italy (Mimit), activated with the Golden Power procedure due to the presence of the Chinese shareholder, which holds 34%.
ERG – up 1.9% – announced Tuesday a geographic repositioning in line with its industrial plan, strengthening its presence in the UK and exiting Sweden. In the UK, the group, through ERG UK Holding, acquired from OnPath Energy Midco Limited 100% of a portfolio of seven onshore wind farms in northern England for a total capacity of 73 MW.
On the Small-Cap, Beewize is down 3.9% to EUR0.42, subject to profit-taking after a string of gains.
OPS eCom – down 1.1% – announced that on November 28, the second tranche of the convertible bond issued last November 26, 2025, and fully subscribed by Global Capital Investments Ud, was converted. The conversion involved 50 bonds for a total nominal value of EUR500,000.00.
B&C Speakers – up 0.3% – reported that for fiscal year 2025, based on available preliminary unaudited data, consolidated revenues will be EUR99.00 million, down 1.0% from EUR100 million in the previous year.
Zest is up 3.2% to EUR0.1440, marking its third consecutive bullish candle.
Among SMEs, Esautomotion shows strength, rising 4.8% after three bearish sessions.
Spindox has not yet traded, last price at EUR12.95. BackSpin on Tuesday announced the final results of the mandatory full takeover bid on Spindox shares, reaching a total of 98.74% of the share capital, including treasury shares.
During the offer period, 334,946 shares were tendered, equal to 5.58% of the capital and 29.27% of the shares subject to the offer, confirming the provisional data released on January 16.
Adventure, on the other hand, is down 7.6% to EUR22.00 per share, closing out the index.
In New York, during the European evening, the Dow Jones fell 1.8%, the Nasdaq closed down 2.4%, while the S&P500 retreated 2.1%.
Among Asian markets, the Nikkei fell 0.4%, the Shanghai Composite closed just above parity, while the Hang Seng ended up 0.4%.
On the currency front, the euro is trading at USD1.1711 from USD1.1734 at Tuesday's European stock close, while the pound changes hands at USD1.3441 from USD1.3463 Tuesday evening.
Among commodities, Brent is trading at USD63.94 per barrel from USD64.77 per barrel on Tuesday, while gold is valued at USD4,860.15 per ounce from USD4,738.47 per ounce yesterday evening.
On Wednesday's economic calendar, at 1300 CET the U.S. mortgage report is due, while at 1430 CET President Donald Trump is scheduled to speak.
Central banks are in the spotlight at 1515 CET in the UK with the BoE deputy governor; at 1930 CET, the Bundesbank president is scheduled to speak.
No significant events are expected at Piazza Affari.
By Maurizio Carta, Alliance News Reporter
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