Mib in the Red, Generali and Hera Hold Up Gains

(Alliance News) - The Mib opened the first session of the week lower, in a context of marked correction across global markets and widespread de-risking.

The movement was fueled by a sharp drop in commodity prices and renewed concerns over high valuations in the artificial intelligence sector. At the same time, rising expectations that Kevin Warsh, recently designated as the head of the Federal Reserve, could steer monetary policy in a more restrictive direction have put pressure on the dollar, amplifying tensions in commodity markets.

As a result, the FTSE Mib is down 0.1% at 45,497.04 points.

In Europe, London's FTSE 100 is down 0.3%, while Paris' CAC 40 and Frankfurt's DAX 40 are both down 0.2%.

In Milan, the Mid-Cap is down 1.3% at 59,989.10, the Small-Cap is down 0.1% at 37,052.18, while Italy Growth is up 0.1% at 8,780.19.

Back in Milan, on the main list of Piazza Affari, Hera opened up 1.5% around EUR4.22 per share.

Generali, meanwhile, is up 1.6% at EUR34.95 per share, marking its fourth consecutive bullish session.

STMicroelectronics is under selling pressure, falling 3.7% after gaining 1.3% on Friday evening.

Intesa Sanpaolo – down 1.4% – announced on Monday its new 2026-2029 business plan aiming for "zero NPL" with a strategy focused on growing commission revenues and creating sustainable value for shareholders and stakeholders. The plan forecasts a net profit of more than EUR11.5 billion in 2029, up from about EUR9.3 billion expected for 2025, with an ROE of 22% and ROTE of 27% at the end of the period.

On the mid-cap segment, Enav is up 1.9% at EUR4.96 per share, after a 0.4% decline on Friday evening.

Fiera Milano is also up 1.9%, reversing course after three bearish sessions.

Avio, on the other hand, is down 4.2%, bringing the price to around EUR33.20 after a 6.8% gain that ended a streak of eight consecutive down sessions.

Webuild – down 0.4% – announced on Friday that it has been awarded a EUR531 million contract for the construction of Lot 1 of the Strada Statale 106 Jonica, one of Calabria's most strategic road arteries, in the stretch between the Coserie viaduct and the Corigliano Ovest junction. With this award, Webuild is now working on 20 projects in Southern Italy, including the islands, for a total awarded value of about EUR16 billion, providing jobs for 9,500 people, both directly and indirectly, and involving 7,500 direct suppliers since the start of the works.

Zignago Vetro is up 0.5% at EUR. This week's Evaluation.it analysis results converge on a theoretical per-share value of EUR11.48. This valuation is sensitive to operational dynamics and tends to vary by EUR0.7 for each percentage point change in the Ebitda margin.

On the Small-Cap, Beewize is up 6.4% at EUR0.37 per share, after three bearish sessions.

Pininfarina – up more than 12% – announced on Monday the signing of a commercial development and production agreement with an automotive manufacturer, for a total value of over EUR40 million. The project is expected to be completed by December 2027.

Borgosesia – not yet traded – announced on Friday the early closure of the placement of the second tranche of its bond issue with a 6.30% coupon, totaling up to EUR65 million, launched on January 22. The second tranche, initially planned at EUR25 million and later increased to EUR40 million due to high interest already registered on the first order day, was fully subscribed with expressions of interest exceeding the offer, confirming the market's confidence in Borgosesia's now-established business model.

Piquadro ends the list down 3.5% at EUR2.46 per share, marking its second bearish session.

Among SMEs, Emma Villas is up 5.6%, aiming for its third consecutive session in positive territory.

Good buying also for Alfio Bardolla, up 3.1% after dropping 1.8% on Friday evening.

Racing Force – announced on Friday the launch of the third tranche of its share buyback program. The third tranche of the buyback plan will end on February 27 and may not exceed EUR200,000.

In New York on Friday, the Dow Jones lost 0.4% as did the S&P 500, while the Nasdaq closed up 0.9%.

In Asia, the Nikkei closed down 1.3%, the Shanghai Composite lost 2.5%, and the Hang Seng ended down 2.2%.

On the currency front, the euro is trading at USD1.1852 from USD1.1880 at Friday's close of European equities, while the pound is trading at USD1.3689 from USD1.3721 on Friday evening.

Among commodities, Brent is trading at USD65.93 per barrel from USD69.80 per barrel on Friday, while gold is worth USD4,648.32 an ounce from USD5,003.26 an ounce on Friday evening.

Monday's macroeconomic calendar includes the OPEC summit in the US at 1100 CET. In the early afternoon, at 1245 CET in the UK, a speech by BoE's Breeden is expected.

In the afternoon, at 1545 CET in the US, the manufacturing PMI is released, at 1600 CET the ISM manufacturing index is due, while at the end of the day, at 1830 CET, a speech by FOMC member Bostic is expected in the US.

Among Piazza Affari companies, Doxee's results are expected.

By Maurizio Carta, Alliance News reporter

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