(Alliance News) - The Mib closed higher on Tuesday, settling above 40,100 points, with trading rooms focused on recent developments in trade negotiations.
On Monday, President Trump sent letters to 14 states threatening to impose higher tariffs, with rates ranging from 25% to 40%. However, he simultaneously kept open the possibility of further negotiations and postponed the entry into force of the increased tariffs until at least August 1.
Reports indicate that the EU is not among the recipients of these communications. The EU continues to aim for a trade agreement by Wednesday, following what was described as a "good exchange" between European Commission President Ursula von der Leyen and Trump.
As a result, the FTSE Mib rose 0.7% to 40,182.62 points, the Mid-Cap closed up 1.0% at 54,783.23, the Small-Cap gained 0.7% to 32,308.65 and the Italy Growth closed down 0.1% at 8,266.08 points.
The CAC 40 in Paris gained 0.5%, the DAX 40 in Frankfurt closed up 0.5%, while the FTSE 100 in London gained 0.4%.
Returning to the Italian stock market, Stellantis advanced 3.6% to EUR8.64 per share, recovering after two sessions of losses.
Eni, up 1.9%, signed a new contract in Algeria with Sonatrach for the exploration and development of hydrocarbons in the Zemoul El Kbar area.The 30-year agreement covers an area of 4,200 square kilometers in the Berkine basin, approximately 300 km from Hassi Messaoud, and also integrates assets previously managed under separate contracts. The planned investments amount to USD 1.35 billion, of which USD 110 million will be allocated to research.
Azimut Holding - up 0.8% - announced on Tuesday that net inflows in June stood at EUR1.45 billion, bringing the total since the beginning of the year to EUR9.01 billion. This result, the company explains, corresponds to 90% of the annual target, set at over EUR10.0 billion. At the end of June, the group's total assets stood at EUR 112.83 billion, up 4.9% compared to the end of 2024.
Banca Popolare di Sondrio, down 0.7%, announced on Tuesday that its board of directors had taken note of the relaunch by BPER Banca, down 0.4%, of the voluntary public exchange offer for all shares in the Valtellina-based bank, which now also includes a cash consideration of EUR 1.00 per share tendered.
The PopSondrio board acknowledged that the increase in the economic component represents an improvement in the financial terms of the offer.
On the Mid-Cap market, Banco di Desio e della Brianza closed up 2.0%, following on from the previous day's gains, albeit with a more modest 0.3%.
Reply was also among the many gainers, pushing its price up 2.7% to EUR145.30.
Banca Generali, down 0.7%, announced on Tuesday that net inflows in June stood at EUR 308.0 million, compared to EUR 697.0 million a year earlier, bringing the total since the beginning of the year to EUR 3.01 billion.
Iren, on the other hand, fell 1.6%, ending its fifth consecutive session with a bearish candle.
On the Small-Cap market, Trevi Finanziaria pushed its price up 5.5%, recovering after two bearish sessions.
Safilo Group, up more than 13%, announced on Tuesday that it had acquired 567,000 ordinary shares between June 30 and July 4, for a total value of approximately EUR518,000.
doValue - up 0.9% - announced on Tuesday that it had successfully completed the merger of doNext and Master Gardant, wholly owned subsidiaries active in master servicing. Following the transaction, doNext is now the market leader in the growing master servicing sector in Italy, with a market share of 36% in terms of GBV and a role in over 100 securitization transactions.
Landi Renzo - down 0.4% - announced that it has signed an agreement with a leading OEM customer to implement the commercial agreements reached between the parties, under which the company will continue to supply LPG kits until the end of the year, as part of the current program. The company is thus committed to fulfilling its after-sales supply obligations for 10 years in exchange for an extraordinary monetary contribution from the customer.
Among SMEs, Innovatec advanced 9.7%, in its fourth session of gains.
Gentili Mosconi closed up 5.4%, rebounding after three sessions in the red.
Circle, down 0.9%, announced on Tuesday that it had signed a new contract worth approximately EUR 180,000 to launch an ambitious digitization project in collaboration with a major Mediterranean port authority.
The project involves the development of various innovative solutions, ranging from the digitization of rail and vehicle traffic to the optimization of rail maneuvering activities in the port context and the implementation of a "Digital Twin" system for simulating scenarios related to port infrastructure.
CleanBnB - down 3.6% - reported gross bookings of EUR 23.2 million for the first half of the year, up 8% from EUR 21.4 million in the same period last year. The property portfolio rose by over 160 units to 3,111, spread across more than 100 locations in Italy and managed exclusively, mostly under the "Full Package" formula of comprehensive management.
In New York, the Dow Jones is down 0.2%, the S&P is down 0.1%, while the Nasdaq is down fractionally.
On the currency front, the euro is trading at USD 1.1695 from USD 1.1731 at Monday's close, while the pound is trading at USD 1.3551 from USD 1.3635 on Monday evening.
Among commodities, Brent crude is trading at USD 69.84 per barrel, up from USD 69.08 at the previous close, while gold is worth USD 3,294.18 per ounce, down from USD 3,321.37 on Monday.
On Wednesday's economic calendar, China's inflation data is due at 0330 CEST.
At 1:00 p.m. CEST, the US will release its mortgage market report, while at 4:00 p.m. CEST, crude oil inventory data, weekly EIA inventories, and Cushing inventory data will be released.
At 8:00 p.m. CEST, the minutes of the latest FOMC meeting are expected.
There are no events scheduled in the corporate calendar.
By Maurizio Carta, Alliance News Reporter
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