(Alliance News) — Major European stock exchanges closed mixed on Tuesday, with Milan’s Mib showing solid momentum among its continental peers thanks to strong buying in banking stocks.

The French market also held steady, despite political turmoil following the resignation of Prime Minister François Bayrou.

The Mib ended up 0.7% at 42,008.22 points, the Mid-Cap rose 0.1% to 55,797.63, the Small-Cap slipped 0.2% to 34,753.12, and the Italy Growth index edged slightly lower to 8,485.76 points.

Paris’s CAC 40 posted a 0.2% gain, the DAX 40 fell 0.3%, and London’s FTSE 100 climbed 0.2%.

“Today, the FTSE 100, along with most other global indices, still seems to be searching for a catalyst to renew its upward momentum. Undoubtedly, this is due to caution ahead of this week’s key US inflation data, which is itself just a prelude to the expected Fed rate cut next week,” observed Chris Beauchamp, Chief Market Analyst at IG.

On Milan’s main board, Banca Monte dei Paschi di Siena surged 6.3%. In the context of MPS’s voluntary full public exchange offer for ordinary Mediobanca shares, 134.1 million requests had been submitted as of September 8.

Total subscriptions thus amount to 506.6 million, or about 62.3% of the shares targeted by the offer. The exchange offer, which opened on July 14 and closed on September 8, will reopen from September 16 to 22. Mediobanca gained 5.9% on Tuesday.

The banking merger game continues. Crédit Agricole, already Banco BPM’s largest shareholder at 19.8% and awaiting approval to surpass 20%, is already exercising “significant influence.” A deal with BPM may be on the horizon, as BPM shares rose 2.2% on Tuesday.

Morgan Stanley, according to several observers, could become UniCredit’s new partner — up 0.8% — in its bid for Commerzbank, a move strongly opposed by the German government.

“Change course, and fast.” Stellantis Europe chief Jean-Philippe Imparato, speaking at the Munich Motor Show, called for a review of the EU’s decarbonization targets for 2030–2035. “As they stand, they are unachievable and risk collapsing the market and automakers’ balance sheets,” Imparato said, as the stock edged down to €7.62.

In August 2025, Azimut Group recorded total net inflows of €1.5 billion, of which €1.2 billion — or 77% — was allocated to managed solutions. The stock responded positively, up 0.6%.

On Tuesday, Intesa Sanpaolo unveiled a new four-year agreement with Confindustria aimed at supporting the growth of Italian businesses. The deal provides for a joint national program of €200 billion through 2028 to develop the productive sector. The stock closed up 1.4%.

Leonardo — down 0.3% — together with Leonardo UK, Mitsubishi Electric, and ELT Group, has formed the GCAP Electronics Evolution (G2E) consortium to begin the design and development phase of the integrated sensor and communications component for the Global Combat Air Programme.

The day’s worst performer was Campari, down 2.4%.

On the Mid-Cap, CIR bought back 225,000 of its own shares for a total of €138,500 but slipped 0.7% to €0.616 per share.

Technoprobe continued its buyback, acquiring €4.0 million worth of its own shares, but the stock closed flat at €6.85 per share.

The board of NewPrinces announced that the company closed the half-year with consolidated net profit of €22.3 million, a rise of over €23.5 million compared to a €1.3 million loss as of June 30, 2024.

Consolidated revenues reached €1.31 billion, stable in volume terms compared to €1.36 billion in the first half of 2024. The stock advanced 1.5%.

LU-VE reported first-half group profit of €16.3 million, down 16% from €19.4 million in the corresponding period of 2024. Revenues also declined slightly by 0.6%. The stock gained 1.2%.

Alerion Clean Power — down 0.4% — through its subsidiary Alerion Ireland Limited, signed a Share Purchase Agreement with SUSI Cappawhite Holding (a subsidiary of SUSI Renewable Energy Fund II) to acquire 100% of Milestone Wind Farm Ltd, which owns a 14.4 MW onshore wind farm in County Tipperary, Ireland.

MFE A and MFB again led the list with gains of 4.6% and 4.5%, respectively. PharmaNutra, despite higher earnings, dropped 6.4%.

Among small caps, Centrale del Latte d’Italia — down 3.7% — closed the first half with revenues rising to €171.8 million from €165.7 million a year earlier. However, revenue growth did not translate into higher profits.

Bologna Guglielmo Marconi Airport — up 0.5% — posted higher earnings and revenues for the half-year, with over 5.3 million passengers from January to June.

Tesmec advanced 7.2%, accompanied by Seco with a 4.0% gain. Among the worst performers, Met.Extra Group fell 4.6% and Softalb 3.7%.

Dexelance closed the half-year with an adjusted net result essentially at breakeven, posting a loss of €123,000 compared to adjusted profit of €6.8 million in the same period last year. The stock slipped 0.9%.

On the Italy Growth index, Casta Diva Group submitted a proposal to acquire the events business unit of Prodea Group, a company active for over 30 years and currently undergoing a negotiated crisis resolution procedure. The stock fell 0.8%.

Ubaldi Costruzioni, with a €15,000 buyback, closed down 1.3%.

FAE Technology, up 7.8%, announced it has signed a binding agreement to acquire 100% of Kayser Italia and its wholly owned subsidiary Kayser Space Ltd.

The best performer on the list was Friends, soaring solo with a 42% gain. Rocket Sharing Company rose 21%. Telesia also performed well, up 9.5% to €1.27 per share.

Next Geosolutions announced the opening of a new office in the Middle East with the establishment of Next Geosolutions Middle East, registered in the Sharjah Airport International Free Zone in the United Arab Emirates.

The company explained that the move is part of its international expansion plan and aims to strengthen its operational capacity in a strategic area for offshore oil & gas, where spending on platforms and pipelines could exceed €100 billion by 2030. The stock gained 1.3%.

In New York, the Dow was up 0.1%, the Nasdaq slipped 0.1%, and the S&P 500 was steady compared to the previous session.

On the currency front, the euro traded at USD1.1722 from USD1.1745 at Monday’s equity close, while the pound was at USD1.3532 from USD1.3537 last night.

Among commodities, Brent crude traded at USD67.11 from USD66.08 per barrel at Monday evening’s close, while gold was at USD3,648.40 per ounce from USD3,637.81 per ounce at yesterday’s European market close.

On Wednesday’s economic calendar, at 0900 CEST, focus will be on Spanish industrial production, while at 1000 CEST, Italian industrial production data is due.

At 1110 CEST, there will be an auction of 12-month Italian BOTs, and at 1200 CEST, the Ecofin meeting convenes.

Spotlight will be on mortgages from 1300 CEST in the US, then at 1430 CEST on US producer prices, and from 1630 CEST, commodity analysis.

At Piazza Affari, half-year results are expected from Cellularline, El.En, Esprinet, Orsero, and SYS-DAT.

By Michele Cirulli, Alliance News Reporter

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