(Alliance News) – On Tuesday, major European markets largely retained the previous session’s momentum, closing trading in positive territory despite some variations.

General optimism was buoyed by news from the United States, where there are signs of an end to the longest government shutdown in history. Additionally, market expectations for another interest rate cut by December stand at around 60%.

In the Eurozone, the ZEW Economic Sentiment Indicator rose by 2.3 points from the previous month, reaching 25 in November–surpassing market forecasts of 23.5.

Against this backdrop, the Mib climbed 1.2% to 44,438.88, the Mid-Cap advanced 1.5% to 57,768.80, the Small-Cap gained 0.5% to 35,849.33, while the Italy Growth index slipped 0.2% to 8,500.55 points.

Other major European indices also closed higher: Paris’s CAC 40 rose 1.3%, Frankfurt’s DAX 40 added 0.6%, and London’s FTSE 100 gained 1.2%.

Axel Rudolph, Senior Technical Analyst at IG, noted: “While Asian and U.S. indices failed to follow through on Monday’s strong rally–driven by hopes of a rate cut and the prospect of an end to the U.S. government shutdown–European indices continued to rise, with the FTSE 100 reaching yet another all-time high.” He added that despite “German investor sentiment being as weak as expected,” this did not “prevent European indices from climbing further.”

On the Milan Stock Exchange, Brunello Cucinelli led the pack with a 5.3% increase to EUR91.96 per share, followed by Stellantis up 4.3% and Recordati up 3.7%.

Banca Monte dei Paschi also saw strong buying, advancing 3.0%. The Siena-based bank is preparing statutory changes to reform governance and boost distributable profits, aiming for around EUR2 billion in annual dividends from 2026. The plan–discussed by the board and to be submitted to the European Central Bank by the end of November–proposes lowering the share of profits set aside as reserves from the current 15-25% to 5%, allowing for distribution of 100% of net profit. With estimated net profit of EUR1.6 billion and EUR500 million in tax benefits, the bank targets exceeding EUR2 billion in payouts.

FinecoBank, up 1.0%, reported that net inflows in October reached EUR1.3 billion, a 33% increase from EUR979 million in October 2024. Year-to-date inflows have reached EUR10.7 billion.

Ferrari, following a buyback of EUR18.0 million in Milan and USD5.0 million on the NYSE, ended up 2.1%.

Inwit suffered heavy losses, closing down 12% at EUR8.33 per share–a new 52-week low.

On the Mid-Cap index, Pharmanutra surged 14% to EUR51.00 per share, marking its third consecutive positive session after strong nine-month results released Monday.

Sesa acquired 60% of Swiss IT and managed services firm 4IT Solutions Sagl. The agreement features put and call options for gradually achieving full control. The stock responded with a 2.3% gain.

Italmobiliare, down 3.0%, closed the first nine months of 2025 with aggregate revenues from its industrial portfolio companies at EUR1.19 billion, up 12%, while EBITDA fell 21% to EUR115.2 million.

RCS MediaGroup, down 3.6%, ended the first nine months with net profit of EUR31.6 million, compared to EUR32.1 million as of September 30, 2024.

NewPrinces, down 1.8%, approved its nine-month results to September 30, reporting net profit of EUR106.2 million, including business combination income.

Technoprobe topped the charts with a 19% gain after announcing Monday that it closed the first nine months with consolidated revenues of EUR466.6 million, up 21% from EUR386.9 million as of September 30, 2024.

On the Small-Cap, Centrale del Latte d’Italia, up 1.4%, approved consolidated results for the first nine months of 2025, reporting net profit of EUR8.7 million–an increase from EUR8.3 million as of September 30, 2024.

B&C Speakers, down 2.0%, closed the first nine months of 2025 with group net profit of EUR8.6 million, down from EUR15.7 million in the same period of 2024, when there was a one-off positive Patent Box effect of EUR4.0 million.

Sabaf gained 1.5%, reporting adjusted net profit of EUR9.2 million for the first nine months of 2025, down from EUR12.6 million in the same period of 2024.

IGD, down 0.3%, posted net profit of EUR17.6 million over nine months–a marked improvement from a net loss of EUR32.0 million in the same period of 2024.

The best performer was OPS eCom, which soared 47% to EUR0.1155 per share.

Among SMEs, Alantra boosted ICOP after winning contracts for road infrastructure in Calabria, with the stock up 5.7%.

Next Geosolutions, up 3.3%, announced it had won a contract worth about EUR8.5 million from Saipem–up 3.9%–for survey and installation support activities as part of the Bouri Gas Utilization Project (BGUP), one of North Africa’s largest offshore developments.

Impianti, up more than 31%, announced it had secured a project worth around EUR1.6 million for the construction of control rooms and videowall systems.

Valtecne, with nine-month revenues for 2025 at EUR28.3 million, down 2.2% from EUR29.0 million in the same period of 2024, closed flat at EUR7.0.

Datrix strengthened its global growth trajectory with a new agreement signed by Bytek–the group’s martech company–with Brands for Less Group, one of the leading off-price retailers in Gulf and Southeast Asian markets. The stock gained 0.9%.

Predict, up 1.9%, announced Tuesday it had won a EUR110,000 tender for the supply and installation of three Aphel humanoid robots at the Corporea Museum of Città della Scienza in Naples.

Smart Capital approved a capital increase with pre-emptive rights for up to EUR7.9 million.

Redelfi, after subscribing to a EUR100,000 capital increase, fell 4.2%.

In New York, the Dow Jones is up 0.4%, the Nasdaq is down 0.8%, and the S&P 500 is down 0.3%.

In currency markets, the euro is trading at USD1.1592, up from USD1.1552 at Monday’s equity close, while the pound is at USD1.3169, up from USD1.3160 Monday evening.

In commodities, Brent crude is trading at USD65.15 per barrel, up from USD63.38 per barrel at Monday’s close, while gold is at USD4,105.82 per ounce, up from USD4,094.26 per ounce on Friday night.

On Wednesday’s economic calendar, German inflation data is due at 0800 CET, while Italian industrial production will be assessed at 1000 CET.

The OPEC report is scheduled for 1100 CET, with a speech by ECB’s De Guindos at 1240 CET. Focus will shift to U.S. mortgage data from 1300 CET, while the EIA’s short-term energy outlook is due at 1800 CET.

Numerous nine-month results are expected from companies listed on the Milan Stock Exchange.

By Michele Cirulli, Alliance News Reporter

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