(Alliance News) - Piazza Affari rebounds like the rest of the global markets following recent declines, with nearly all stocks in positive territory at Tuesday's close.

Axel Rudolph, Senior Technical Analyst at IG, said, "After three days of heavy selling, global stock indexes rebounded as investors took advantage of lower valuations and became more optimistic about U.S. tariff negotiations."

"U.S. Treasury Secretary Scott Bessent revealed that more than 70 countries have contacted the White House to start talks on tariffs. However, tensions between the U.S. and China remain high after Beijing vowed to 'fight to the end' in response to President Trump's threat to impose new 50 percent tariffs unless China quickly removes its retaliatory measures."

The FTSE Mib closed Tuesday up 2.4 percent to 33,657.05, the Mid-Cap was up 3.1 percent to 45,862.68, the Small-Cap gained 3.3 percent to 27,038.64 while Italy Growth was up 1.3 percent to 7,412.48.

In Europe, London's FTSE 100 rose 3.0 percent, Paris' CAC 40 gained 3.5 percent and Frankfurt's DAX 40 was up 3.3 percent.

In the blue chip segment, strength on Leonardo, which closed up 7.5 percent at EUR41.95 per share after two sessions in which it left over 15 percent on the parterre.

Unipol follows with a 7.3% rise, rebounding after four sessions of heavy declines and returning above EUR13 per share.

Good buying also on Banca Mediolanum, which rose 5.4% after four bearish sessions.

BPER Banca--up 2.0%--reported that it had bought back about 1.6 million shares of Banca Popolare di Sondrio, which closed up 2.2% instead. The shares were purchased on April 7 at an average price of EUR8.8365, for a total value of EUR13.7 million.

At the bottom, there were declines in Eni, down 1.3 percent, and Stellantis, down 0.8 percent, while the rest of the Mib finished the session in the positive.

On the Mid-Cap, Fincantieri did well, up 7.3 percent and the list's best stock. The company and Viking announced Tuesday the construction of the world's first cruise ship powered by hydrogen stored on board, used for both propulsion and on-board power generation.

The new ship, named "Viking Libra," will be built at shipyards in Ancona and delivered in 2026. The propulsion system will be capable of generating up to six megawatts of power.

At the same time, the two companies signed an agreement to build two new cruise vessels, with deliveries scheduled in 2031, plus an option for two more vessels.

Anima Holding -- down 0.2 percent -- reported Monday that it recorded positive net inflows of EUR290 million in asset management in March, excluding class I insurance proxies. A result that, as stressed by CEO Alessandro Melzi d'Eril, has already exceeded the entire 2024 inflows in the first three months of the year, thanks mainly to the strong contribution of the retail channel.

Among the few bearish performers, Comer Industries lost 1.5 percent, recording the worst performance in the basket.

On the Small-Cap, BestBe Holding rose 3.5 percent to EUR0.1220 per share, on the heels of a 9.0 percent gain in the eve.

Seri Industrial closed up 19%, on its third consecutive bullish session.

Sabaf--up 1.9 percent--continues its buyback program. The company announced Monday that it bought back 5,975 of its own ordinary shares between March 31 and April 4. The shares were taken over at an average unit price of EUR14.8785, for a total value of EUR88,781.90.

Among SMEs, Impianti was up 18 percent after an 8.3 percent decline on the eve.

The board of Redelfi - up 5.5 percent - on Monday approved the transaction to sell the stakes referable to the subsidiary Enginius and the company RT&L, which is 26 percent owned through GPA Solutions, in order to focus its entrepreneurial attention on the green business line, namely in the development of BESS on both the Italian and the U.S. markets.

The agreement underlying the spin-off stipulates that the company Redeem, which is headed by Marinetta and Intersidera, will acquire from Redelfi the shareholdings in the non-core companies at the book value recorded in the balance sheet, for a total of approximately EUR800,000, of Redelfi and that it will deliberate in return a capital increase at nominal value, for the benefit of Redelfi itself, for a share of 33.33%.

CleanBnB -- up 3.2 percent -- reported Tuesday that it consolidated its property portfolio in the first quarter to 3,051 units, in more than 100 Italian locations and managed exclusively, with the "FULL package" formula. CleanBnB managed stays totaled 22,341, up 13 percent from 19,755 managed stays in the same period in 2024. Guest receipts for managed stays - net of OTA fees exceeded EUR7.4 million - up 10% from the first quarter of 2024, which saw them at EUR6.8 million.

Racing Force - tied at the end of the session - announced Monday that it had signed an agreement with FOX Sports, which owns the TV rights to the NTT Indycar Series, for the use of Driver's Eye immersive technology during selected events in the 2025 season.

In New York, the Dow is up 3.1 percent to 39,129.65, the Nasdaq gains 3.6 percent to 16,158.41 and the S&P 500 rises 3.1 percent to 5,220.81.

Among currencies, the euro changes hands at USD1.0906 from USD1.0910 on Monday in closing European equities. In contrast, the pound is worth USD1.2761 from USD1.2734 on Monday evening.

Among commodities, Brent crude is worth USD64.32 per barrel from USD64.50 per barrel at Monday's European stock close. Gold trades at USD3,006.13 an ounce from USD2,982.82 an ounce Monday evening.

Wednesday's macroeconomic calendar opens with Japan's machinery orders data coming in at 0800 CEST, while the European morning is fairly sparse in terms of events.

At 1300 CEST, in the US, eyes on mortgage data while, at 1630 CEST, crude oil stocks numbers will be released. At 2000 CEST, focus on the minutes of the latest Federal Reserve meeting.

The calendar of companies in Piazza Affari, meanwhile, includes the accounts of Ariston Holding and Gas Plus.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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