Mib Loses Ground Following US Tech Slump; Tenaris Rises

(Alliance News) - The Mib opened lower in the final session of the week, with the blue-chip index correcting around the 46,000-point mark, mirroring last night's losses on Wall Street, where technology stocks led the downward trend.

All eyes today are on the US CPI data. A figure below estimates could reopen pricing for a possible Fed rate cut, prompting long positions on duration and a risk-on sentiment in equity markets.

Among macroeconomic data released at the open, wholesale prices in Germany rose by 1.2% year-on-year in January, matching the pace recorded the previous month and marking the 14th consecutive increase in wholesale inflation.

As a result, the Mib opened down 0.3% at 46,070.37 points.

The CAC 40 is down 0.4%, while the DAX 40 slips below parity and the FTSE 100 advances by 0.3%.

Among the secondary indices, the Mid-Cap is down 0.2% at 60,168.91, the Small-Cap rises by 0.4% to 36,434.88, and Italy Growth is down 0.2% at 8,703.77 points.

On the Mib, Tenaris climbs 2.1% to EUR20.24 per share after a 3.1% loss the previous day. Notably, the stock has gained over 22% since the start of 2026.

Generali is up 2.2% at EUR34.41 per share. Citigroup has resumed coverage of the stock, setting a target price of EUR43.40.

UniCredit, on the other hand, marks a decline of 1.2%. Goldman Sachs has raised its target price on the stock to EUR91.70 from the previous EUR85.70.

Sharp selling hits Prysmian, which is down 4.2%, heading for its fourth consecutive bearish session if the close confirms it.

In the mid-cap segment, Ascopiave advances by 2.0%, aiming for a fourth straight gain.

Cementir Holding – down 1.7% – announced Thursday it closed 2025 with 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.

MAIRE – down 0.6% – reported Thursday it purchased 682,492 of its own ordinary shares between February 6 and 12. The shares were bought at an average unit price of EUR15.755, for a total value of about EUR10.8 million.

Avio – up 0.6% – announced that the European launcher Ariane 6 completed its flight from French Guiana, placing 32 satellites into orbit. As the company explained in a note, for the first time the rocket used four P120C solid propellant boosters, developed by Europropulsion – a joint venture between Avio and ArianeGroup – which operated flawlessly for about 134 seconds.

On the Small-Cap, LU-VE drops 2.3% to EUR40.05 per share, correcting after a 6.9% gain the previous day.

The board of directors of Gefran – up 0.5% – announced Thursday its consolidated results as of December 31, 2025, reporting revenues of EUR139 million, up 4.8% from EUR132.6 million in the previous year. The increase includes the contribution of the acquisition of CZ Elettronica, consolidated since last April, for a total value of EUR1.6 million.

Elica – down 1.1% – reported Thursday that 2025 closed with a normalized net loss attributable to the group of EUR6.4 million, compared to a profit of EUR1.1 million the previous year. The normalized net loss was EUR4.8 million versus a profit of EUR2.6 million.

doValue – down 0.3% – announced Friday that its subsidiary Gardant Investor SGR has successfully launched "MiRo," a new closed-end, multi-compartment, reserved alternative investment fund dedicated to leading international investors.

The first closing provides for subscriptions up to EUR150 million for the initial compartment, focused on private debt instruments backed by real estate, with the possibility of extending the structure in the future to additional compartments up to a total amount of EUR250 million.

Among SMEs, Ecomembrane performs well, rising 5.1% to EUR4.50 per share.

Matica Fintec – up 2.7% – announced it has secured a new international contract for the implementation of a national ID card issuance system for a major Middle Eastern country, for a total value exceeding USD3 million.

Svas Biosana – up 1.8% – reported Thursday it closed 2025 with consolidated revenues of EUR139.1 million, up 16% from EUR120.2 million in 2024. In detail, the Svas business unit recorded revenues of EUR24.5 million, up 21% from EUR20.2 million the previous year, also benefiting from the contribution of Mehos, consolidated from the second half, amounting to EUR2.8 million.

Kaleon – down 1.3% – announced Friday it has broadened its base of Italian institutional investors through a market transaction carried out on February 12 with majority shareholder L6A4.

As the company explained in a note, as part of the transaction, 150,000 Kaleon shares were purchased for a total outlay of EUR600,000, representing about 1.1% of the company's share capital.

In New York – during European evening trading – the Dow lost 1.3%, the Nasdaq retreated 2.0%, and the S&P 500 closed down 1.6%.

In Asia, the Nikkei fell 1.2%, the Hang Seng ended down 1.7%, and the Shanghai Composite dropped 1.3%.

On the currency front, the euro trades at USD1.1859 from USD1.1866 at Thursday's European equity close, while the pound trades at USD1.3616 from USD1.3624 last night.

Among commodities, Brent trades at USD67.35 per barrel from USD67.95 per barrel last night, while gold is valued at USD4,979.65 an ounce from USD4,936.17 an ounce last night.

On Friday's economic calendar, at 1300 CET in the UK, a speech by Pill of the Monetary Policy Committee is scheduled.

At 1430 CET in the US, focus will be on the consumer price index, while at 1900 CET, Baker Hughes data on the total number of drilling rigs is expected.

At Piazza Affari, results are expected from Intempump, Sanlorenzo, and three other companies.

By Maurizio Carta, Alliance News Reporter

Comments and questions to [e-mail]

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