(Alliance News) - European stock markets are poised to open slightly higher on Tuesday, as investors remain focused on developments in US trade negotiations. The 90-day "grace period" granted by President Trump on reciprocal tariffs expires next week, raising tensions across the markets.

In Europe, attention will also turn to key economic data, particularly the preliminary inflation estimates for the Eurozone, figures that could sway expectations for future ECB rate policy.

In Italy, the FTSE Mib--after closing up 0.1% at 39,792.22 points--is edging just above parity in early trading.

Among the secondary indices, the Mid-Cap rose 0.8% to 54,260.82, the Small-Cap closed up 1.0% at 31,881.95, and Italia Growth posted a 0.4% gain to 8,195.76 points on Monday evening.

Across Europe, London's FTSE 100 is fractionally higher, Paris' CAC 40 is up slightly, while Frankfurt's DAX 40 is advancing by 24.00 points.

On the Milan Stock Exchange, Campari stood out yesterday with a 1.8% rise to EUR5.710 per share.

Iveco Group--awaiting the sale of its defense division--extended its run of positive trading sessions into Monday, climbing 2.2% to EUR16.70. The sale of Iveco Defense could go to Leonardo, which gained 2.5% to EUR47.78, leading the blue-chip stocks.

A2A and bp announced Monday that they have signed a deal for the purchase and sale of liquefied natural gas, under which A2A will buy up to 10 cargoes--about 1 billion cubic meters--of LNG per year from 2027 to 2044. Additionally, A2A and Ascopiave--the latter up 2.7%--have finalized a gas asset deal worth EUR430 million. A2A shares closed up 0.2% at EUR2.2850 each.

Intesa Sanpaolo--up 0.3% at EUR4.8915 per share--announced the launch of the 2025 edition of Up2Stars, its acceleration program for innovative Italian startups, created in 2022 in partnership with Intesa Sanpaolo Innovation Center.

News of a partnership between Azimut and Eni Next for energy innovation, with a fundraising target of EUR100 million, led to a slightly negative close for Azimut at EUR27.24 per share, down 0.3%, and a 0.5% drop for Eni, which also inaugurated its largest solar park in Spain via Plenitude.

On the Mid-Cap front, Danieli&C posted a 4.1% increase to EUR33.35 per share.

Fincantieri--leading with a 4.6% gain--is poised to seize at least EUR20 billion in commercial opportunities in the defense sector, thanks to unprecedented growth in military investment both in Europe and abroad.

"We are ready to increase our military production capacity without having to convert civilian activities, but rather by reallocating them within our flexible and integrated industrial network," stated Pierroberto Folgiero, CEO and General Manager of Fincantieri, in an interview with Bloomberg.

Amid a significant upsurge in European defense spending, the company aims to further strengthen its presence in the sector, with the group's military business expected to account for about 30% of revenues by 2027. Additionally, Fincantieri is targeting growth in its naval business--including frigates, destroyers, and aircraft carriers--so that it represents around 30% of revenues by 2027, up from 20% in 2023.

OVS rose 2.3% after announcing Monday that it bought 292,750 ordinary shares between June 23 and June 27 at an average price of EUR3.6010, totaling over EUR1.1 million.

Tamburi--up 0.4%--also reported continued buyback activity exceeding EUR1 million.

Among small caps, Risanamento posted the best performance with a 16% gain, extending a positive streak over the past thirty days, which saw an increase of 2.9%. More than 400 contracts were executed, with over 20 million units traded today.

Banca Sistema ended down more than 11% at EUR1.7420 per share. The company was hit by sell-offs on the same day that Banca CF+ launched a takeover bid for all its shares. Notably, the stock fell below EUR1.80, the price offered by Banca CF+ for each Banca Sistema share.

Among SMEs, Espe signed two contracts worth EUR4.4 million, but the stock dropped 3.1% to EUR3.10 per share.

Additionally, Xenia Hôtellerie Solution announced Monday it had signed a new, significant contract for its Business Accommodation line, lasting one year with an option to extend for another year starting July 1, for up to EUR50 million per year. The stock gained 11% to EUR3.14 per share.

Convergenze--up 2.1%--announced Monday that SIMON, the company's new mobile offering, is fully operational, marking another step in its strategy to integrate and converge services for its national customers.

In New York, the Dow gained 0.6%, while the Nasdaq rose 0.5%, as did the S&P 500.

In Asian markets, with Hong Kong closed for a holiday, the Nikkei is down 1.4%, while the Shanghai Composite is up 0.4%.

In currency markets, the euro trades at USD1.1778 from USD1.1737 at Monday's close, while the pound is at USD1.3742 from USD1.3701.

In commodities, Brent crude is trading at USD66.69 from USD67.58 per barrel at the previous close, while gold is at USD3,328.00 an ounce from USD3,287.26 an ounce previously.

Tuesday's macroeconomic calendar features the release of Italy's manufacturing PMI at 0945 CEST, followed by France at 0950 CEST and Germany at 0955 CEST, the latter accompanied by unemployment data.

At 1000 CEST, the Eurozone manufacturing PMI will be published, followed by the UK's at 1030 CEST.

At 1100 CEST, Eurostat will release Eurozone inflation data. At 1200 CEST, Spain will publish car registration figures.

In the afternoon, at 1530 CEST, attention turns to a series of speeches: Bank of England Governor Andrew Bailey, Federal Reserve Chair Jerome Powell, Bank of Japan Governor Kazuo Ueda, and ECB President Christine Lagarde are all scheduled to speak.

At 1545 CEST, the US manufacturing PMI is due. At 1600 CEST, construction spending and the ISM manufacturing index will be published, alongside the JOLTS job openings data.

The day concludes at 2230 CEST with the weekly US crude oil inventory report.

Among listed companies on the Milan Stock Exchange, quarterly results from SosTravel.com are expected.

By Maurizio Carta, Alliance News Reporter

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