(Alliance News) – On Tuesday, US trade policy on tariffs dominated headlines, and after letters sent by US President Donald Trump, markets experienced significant volatility.
Yesterday, the Dow Jones closed lower, while confidence was higher in the EU, partly because the tariff deadline has now been pushed back to August 1.
Contacts between Ursula Von der Leyen and the White House remain ongoing, with efforts underway to establish a formula that would see tariffs set at 10%, albeit with some exceptions. South Korea and Japan, however, face an increase to 25%, the same fate as BRICS countries and any nations supporting anti-US policies.
As a result, the FTSE Mib opened down 0.2% at 39,855.82 points, the Mid-Cap rose 0.1% to 54,303.27, the Small-Cap gained 0.4% to 32,224.51, and Italy Growth advanced 0.1% to 8,278.28 points.
Across Europe, Paris' CAC 40 fell 0.2%, Frankfurt's DAX 40 edged up 0.1%, and London's FTSE 100 increased 0.1%.
On the Milan exchange, Campari led the way, up 2.0% at EUR6.196 per share after Bernstein cut its target price to EUR10.00 from EUR10.50 but maintained an 'outperform' rating.
Nexi improved by 1.0% after Baptista Research set a target price of EUR8.40 with a 'buy' recommendation.
In the first half of the year, Stellantis produced 123,905 cars in Italy, a 34% decrease compared to the same period in 2024, according to FIM-CISL. Nevertheless, the stock was up 0.1% at EUR8.405.
In banking sector M&A, the Antitrust authority approved Monte dei Paschi's public exchange offer (OPS) – up 0.6% – for Mediobanca – down 0.1% – finding no competition concerns.
Intesa Sanpaolo launched "S-Loan Soluzione Lavoro," a new loan designed to support companies hiring young people and women, linking interest rate benefits to job creation. The stock fell 0.3%. The bank also announced a buyback exceeding EUR70 million.
DiaSorin reversed course, finishing at the bottom of the index with a 1.0% drop.
On the Mid-Cap list, Juventus FC topped the chart after securing striker Johantan David. The buying pushed the stock up 1.7% to EUR2.982 per share.
Banca Ifis reopened its OPAS for illimity to acquire the remaining 16% after securing 84.1% acceptance at the end of the first phase, which closed on June 27. Both banks gained 0.5%.
MFE-MediaForEurope and Czech holding PPF are preparing for the decisive phase in the battle for control of Prosiebensat, the Bavarian broadcaster in which they are the first and second largest shareholders, respectively. Both MFE A and MFE B fell 0.3% each.
The Caltagirone group ended the session at the bottom, down 0.9% at EUR7.040 per share.
On the Small-Cap list, doValue – down 0.1% – announced Tuesday it had successfully completed the merger of doNext and Master Gardant, both wholly-owned subsidiaries active in master servicing.
Dexelance acquired 11,600 of its own ordinary shares for EUR80,000, lifting the stock 1.2%.
Safilo Group led the small caps, surging 7.0% to EUR0.977 per share and extending its positive monthly performance, having already gained 11% this month.
Beewize was the laggard, down 3.5% with just three contracts signed.
Among SMEs, Franchetti gained 5.7%.
Circle, which signed a EUR180,000 digitalization project contract with a major Mediterranean port authority, rose 4.5%.
Innovatec remained among the leaders after Monday's strong showing, with buying pushing the stock up 3.6%.
CleanBnB – down 3.6% – announced it closed the first half with gross bookings of EUR23.2 million, up 8% from EUR21.4 million in the same period last year.
Lemon Sistemi – with no trades – announced Monday that PDH, linked to CEO Danolo Palazzolo, had purchased 10,000 ordinary shares in the company.
In Asia, the Nikkei closed up 0.4%, the Shanghai Composite ended 0.7% higher, and the Hang Seng gained 1.0%.
In New York, the Dow Jones closed down 0.9% at 44,406.36, the S&P lost 0.8% to 6,229.98, and the Nasdaq ended the session down 0.9% at 20,412.52.
In currency markets, the euro traded at USD1.1756 from USD1.1731 at Monday's close, while the pound stood at USD1.3642 from USD1.3635 Monday evening.
Among commodities, Brent crude traded at USD69.44 from USD69.08 per barrel at the previous close, while gold was valued at USD3,337.16 from USD3,321.37 per ounce on Monday.
On the economic calendar, the US will release weekly oil inventory data at 22:30 CEST.
No major events are scheduled on the Milan stock exchange corporate calendar.
By Michele Cirulli, Alliance News Reporter
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