(Alliance News) - The Mib is experiencing a significant contraction on Monday, falling below the 45,000-point threshold and marking its lowest level in the past three weeks. The decline reflects the resurgence of trade tensions following recent statements by US President Donald Trump regarding potential tariffs on Greenland.

Last Saturday, Trump announced his intention to introduce a 10% tariff on imports from eight European countries starting February 1, with a possible escalation to 25% in June if the US does not secure the opportunity to purchase Greenland. In response, European leaders are preparing to convene an extraordinary meeting in the coming days to consider potential countermeasures that could exceed EUR95 billion.

As a result, the Mib is down 1.8% at 44,965.08 points.

Across Europe, the CAC 40 is down 1.5%, the DAX 40 is retreating by 1.4%, while the FTSE 100 is slipping by 0.6%.

Among the smaller indices, the Mid-Cap is down 1.5% at 60,426.05, the Small-Cap is in the red by 1.0% at 37,466.02, and Italy Growth is down 0.6% at 8,814.42.

On the Mib, Leonardo – among the few gainers – leads the pack with a 2.9% increase, buoyed by tensions boosting defense stocks. On Friday, the company announced that through its subsidiary Leonardo US Corporation, it had signed an agreement to acquire Enterprise Electronics Corporation, a US-based firm specializing in the development, production, and maintenance of meteorological radar instruments and satellite reception stations for meteorology, hydrology, research, and aviation, both in the military and civil sectors. The deal is expected to close in the first quarter of 2026.

Inwit is up 0.3%, after dropping 2.8% in the previous session. The company – which has a 2025 P/E estimate of nearly 18x on MarketScreener – saw its target price cut by Jefferies to EUR8.00 from EUR10.10 with a 'hold' recommendation.

STMicroelectronics – at the bottom of the index – is down 4.4% at EUR23.24 per share, following a 0.3% loss on Friday evening.

Amplifon is down 3.2%, marking its third consecutive bearish session.

Azimut Group – down 1.8% – announced Monday the acquisition of a majority stake in Unifinance Group, a company with a strong presence in wealth management in the Ultra High Net Worth segment and significant penetration in the institutional client segment. The transaction aims to strengthen Azimut's presence in Brazil, consolidating the group's global strategy of expansion in strategic markets while maintaining a strong commitment to quality and long-term value creation.

On the secondary market, Juventus FC is down 4.2% at EUR2.66, after gaining 3.7% in the previous session and following a defeat in Cagliari in the latest league match.

Heavy selling also hit Technogym, which is down 4.1% after two sessions of bullish candles. The company – with a free float of about 60% – is expected by analysts to have a 2025 P/E ratio of nearly 33x.

Sesa is down 2.1%, positioned for its third consecutive bearish session if confirmed at the close.

Strength for Newprinces, which, among the few gainers, leads with a 2.0% increase after a 0.1% dip on Friday evening.

Tamburi is up 1.2% at EUR10.05, after a 0.2% drop in the previous session and with the price hovering around EUR10.04 per share.

On the Small Cap, Landi Renzo is up 2.5%, following a 1.2% loss in the previous session. The company – which has not paid a dividend since 2011 – is trading around EUR1.06.

IRCE is also advancing, up 0.9% at EUR2.20, after a 0.9% gain on Friday evening. According to MarketScreener, the stock – covered by just one analyst – has a target price of EUR3.40, making it undervalued by 56%.

Softlab is up 1.2%, after a 0.8% loss in the previous session.

Aedes is down 2.4% at EUR0.1665 per share. The stock – which has not paid a dividend since 2007 and has a market capitalization of about EUR5.5 million – is down about 6% over the past five sessions.

I Grandi Viaggi is down 2.9%, on the day its financial results are expected to be published.

Among SMEs, strength for Laboratorio Farmaceutico Erfo, up 4.3%, following a 0.7% gain on Friday evening.

Eprcomunicazione – still untraded with a last price at EUR1.37 – announced Friday that its subsidiary Justbit Srl had formalized a framework agreement with a leading group in the gaming sector, with a total annual value of up to EUR1.1 million and no minimum guaranteed. The contract will last two years.

Saccheria F.lli Franceschetti – down 5.3% – announced Friday that it reported 2025 operating revenues of EUR19.4 million, up 10% from EUR17.6 million as of December 31, 2024.

Deodato.Gallery is down 4.1%, after two sessions in which it gained about 12%, with the price around EUR0.28 per share.

In New York, markets will remain closed today for Martin Luther King Day.

On the currency front, the euro is trading at USD1.1627 from USD1.1598 at Friday's European equity close, while the pound is at USD1.3412 from USD1.3391 Friday evening.

Among commodities, Brent crude is trading at USD63.67 a barrel from USD64.41 a barrel on Friday, while gold is valued at USD4,665.79 an ounce from USD4,599.53 an ounce Friday evening.

On Monday's economic calendar, the German Buba report is expected at 1200 CET, while French BTF auctions will be held from 1500 CET.

By Maurizio Carta, Alliance News Reporter

Comments and questions to redazione@alliancenews.com

Copyright 2026 Alliance News IS Italian Service Ltd. All rights reserved.