(Alliance News) - Caution reigns in trading rooms on Monday, with traders maintaining a cautious stance - albeit with indices slightly up - as they await developments on the geopolitical and monetary fronts.
The markets remain focused on the evolution of global trade tensions and the upcoming policy decisions expected from several central banks, in a context that also includes the release of key macro data and the continuation of the reporting season.
On the US-China front, President Donald Trump has ruled out direct contact with President Xi Jinping in the short term, while signaling an openness to a possible easing of tariffs on Chinese imports in an attempt to reactivate negotiations.
In Milan, 14% of stocks are up, 14% are down, 4% are unchanged, while 68% are not yet traded. The value of trades is approximately EUR730 million.
The FTSE Mib is up 0.1% at 38,375.06 points, with a put/call ratio of 0.96.
Among the smaller indices, the Mid-Cap rose 0.2% to 51,862.45, the Small-Cap fell 0.4% to 29,719.15, while the Italia Growth lost 0.3% to 7,721.46.
Among other European markets, with London closed for a bank holiday, the CAC 40 in Paris fell 0.5%, while the DAX 40 in Frankfurt advanced 0.5%.
On the Piazza Affari's highest capitalization list, DiaSorin confirmed its strength, rising 1.4% to EUR100.40 per share, ahead of its quarterly results.
Moncler, on the other hand, rose 1.3% to EUR55.54 per share, in its third session of gains.
Amplifon is also up 1.3%, also on its third consecutive daily rise.
Among the minority of losers, Eni was at the bottom of the list, falling 0.8% to EUR 12.55 per share after a 0.4% decline in the previous session.
Campari, on the other hand, fell 1.1%, interrupting a four-session upward trend and with accounts expected on Thursday.
On the Mid-Cap, LU-VE advanced 3.1%, following Friday's 2.1% rise.
MAIRE - up 1.5% - announced on Monday that its subsidiaries Tecnimont and KT-Kinetics Technology have been awarded new contracts worth a total of approximately USD 1.1 billion.
Juventus FC is also going strong, remaining in the running for a place in the Champions League after drawing with Bologna in the league.
Webuild, on the other hand, traded up 0.7%. A ten-year international arbitration award has awarded Webuild USD 147 million following a dispute with Argentina over the project for the construction and concession of the Rosario-Victoria motorway link, which also includes a bridge over 600 meters long.
Banca Ifis announced on Friday that it had received all the necessary authorizations to proceed with the voluntary public tender offer for all the shares of illimity Bank. Following the green light from the European Central Bank on April 28, the bank also obtained approval from the Bank of Italy.
Banca Ifis is thus trading up 0.4%, while advancing 0.9% on the Small-Cap index.
On the Small-Cap index, Seco rose 4.9%, following on from the 1.9% gain in the previous session.
Geox rose 4.7%, its third session of gains, with a price of EUR0.39 per share.
EPH - in volatility auction - announced that its board of directors has approved the new binding offer received from Urban Vision, a media company active in urban communication innovation. Urban Vision, declaring itself satisfied with the due diligence conducted on EPH, confirmed its commitment to subscribe to a cash capital increase of EUR 2 million, intended to satisfy the claims of the company's financial and commercial creditors, and a subsequent capital increase in kind, through the contribution of an asset yet to be identified.
The board of Vincenzo Zucchi - not yet traded - announced that it had approved the interim management report as of September 30, 2024, closing the period with a loss of EUR 2.1 million, compared to a profit of EUR 2.9 million in the first nine months of 2023. Consolidated turnover as of September 30, 2024, amounted to EUR 70.2 million, down 30% compared to the same period of the previous year, when it amounted to EUR 100.6 million.
Digital Value is lagging behind, down 2.1%. On Friday, the company announced that it had received four communications from Consip regarding tenders already awarded to the group for the supply of server technologies and related and optional services for public administrations, the granting of multi-brand software licenses, and the granting of multi-brand software licenses. The total amount of the various lots is approximately EUR 100 million.
Among SMEs, Energy rose 2.6%, its fourth consecutive bullish candle, with a price hovering around EUR0.87.
Ilpra rose 3.1% to EUR 4.60 per share, following Friday evening's 4.7% gain.
Growens advanced 0.3%, rebounding after a mini bearish trend that lasted four sessions, with a price of around EUR 3.32. However, since the beginning of 2025, the stock has fallen by more than 36%.
Alfio Bardolla is lagging behind, down 4.5% to EUR1.93 after hitting a new 52-week low of EUR1.91.
In New York on Friday, the Dow gained 1.2%, while the Nasdaq rose 1.5%, as did the S&P 500.
Among currencies, the euro traded at USD 1.1339 from USD 1.1339 on Friday evening, while the pound traded at USD 1.3302 from USD 1.3294 on Friday evening.
Among commodities, Brent crude traded at USD 60.60 from USD 61.16 per barrel at the close of European trading, while gold traded at USD 3,313.68 from USD 3,245.16 per ounce on Friday evening.
Asian markets were closed for the entire day on Monday: in Japan for Children's Day, in China for Labor Day, and in Hong Kong for celebrations in honor of Buddha. It was also a holiday in the UK for the Early May Bank Holiday.
The macroeconomic calendar for Monday at 1500 CEST in France includes three BTF auctions, with maturities of three, six, and 12 months, respectively.
At 3:45 p.m. CEST in the US, the S&P Global Composite PMI index is scheduled to be released, followed at 4:00 p.m. CEST by the ISM Non-Manufacturing Index.
Also in the US, at 5:30 p.m. CEST, there will be auctions of three- and six-month Treasury Bills, while at 7:00 p.m. CEST, it will be the turn of the auction for three-year securities.
At 5:00 p.m. CEST, in Germany, a speech by Mauderer, member of the Bundesbank's board, is expected.
By Maurizio Carta, Alliance News reporter
Comments and questions to redazione@alliancenews.com
Copyright 2025 Alliance News IS Italian Service Ltd. All rights reserved.
