(Alliance News) – The Mib opened the third session of the week with an upward trajectory, pushing just above the 42,000-point mark.
Markets are awaiting Thursday’s European Central Bank meeting, where rates are expected to be held steady for the second consecutive time amid ongoing commercial uncertainty and Eurozone inflation that has remained in line with targets for three months.
Across the Atlantic, attention is focused on this week’s U.S. inflation report. Weaker labor market data last week has strengthened expectations for a Federal Reserve rate cut in September, with investors now pricing in a more decisive move than usual.
As a result, the Mib opened up 0.2% at 42,097.26.
Paris’s CAC 40 advanced 0.4%, the DAX 40 gained 0.5%, while London’s FTSE 100 was up 0.2%.
Among Milan’s secondary indices, the Mid-Cap rose 0.1% to 55,873.07, the Small-Cap gained 0.4% to 34,888.81, and the Italy Growth index advanced 0.3% to 8,506.91.
On the Mib, Mediobanca and Monte dei Paschi started strongly once again, both rising 1.6% following Siena’s acquisition operation.
Enel, up 0.3%, announced Tuesday it had continued its buyback program, purchasing 9.3 million shares at a weighted average price of EUR7.7996 each, for a total consideration of EUR72.5 million.
Leonardo, up 1.2%, reported Tuesday it has formed the GCAP Electronics Evolution (G2E) consortium together with Leonardo UK, Mitsubishi Electric, and ELT Group. The consortium will begin designing and developing the integrated sensing and communications component of the Global Combat Air Programme. The agreement, signed last August following a trilateral partnership announced at DSEI Japan in March 2023, marks a significant step forward and strengthens the partners’ long-term commitment.
Nexi, meanwhile, opened down 3.0% at EUR5.07 per share. Notably, Barclays cut its target price to EUR4.10 from EUR4.50 per share.
In the Mid-Cap segment, Avio climbed 2.1% to EUR37.00 per share, building on a 1.0% gain in the previous session.
Sesa was flat at EUR75.65 after announcing Tuesday it had bought back 32,200 of its own ordinary shares between September 1 and 5 at an average price of EUR74.21910, amounting to nearly EUR2.4 million in total.
Alerion Clean Power, up 1.2%, announced Tuesday that its subsidiary Alerion Ireland Limited had 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.
LU-VE, down 0.3%, reported Tuesday a group profit of EUR16.3 million for the first half of the year, a 16% decrease from EUR19.4 million in the same period of 2024. Revenues totaled EUR294.71 million, down 0.6% from EUR296.38 million in the first half of last year.
On the Small-Cap, Seco surged 3.0% to EUR3.12 after approving consolidated results for the first six months of 2025, closing the period with a net profit of EUR2.5 million, reversing a EUR3.0 million loss in the same period last year.
Safilo Group, up 0.4%, continued its buyback program from September 1 to 5, acquiring 575,000 shares at a weighted average price of EUR1.517961 for a total of approximately EUR873,000. Following these transactions, the company holds about 16.9 million shares.
Dexelance, up 0.3%, reported Tuesday it closed the first half with revenue growth and strategic expansion through new acquisitions, but saw profitability decline due to extraordinary costs and structural investments. The company posted a net loss of EUR7.8 million, versus a net profit of EUR1 million in the first half of 2024. Adjusted net result was nearly balanced, with a loss of EUR123,000 compared to an adjusted profit of EUR6.8 million in the same period last year.
Centrale del Latte d’Italia, down 0.5%, reported Tuesday that first-half revenue rose to EUR171.8 million from EUR165.7 million a year earlier. However, the revenue growth did not translate into higher profits, with EBITDA falling to EUR15.2 million from EUR16 million year-on-year and operating profit dropping to EUR6.9 million from EUR8.3 million.
Among SMEs, Cofle saw strong buying, pushing its share price up 8.3% to EUR3.39 after two bearish sessions.
ErreDue, flat at EUR7.35, announced Tuesday it had signed an agreement to supply a 1 MW alkaline electrolyzer to a major national operator in the ceramics sector, active in the energy transition. The contract is valued at around EUR1.4 million, with delivery scheduled by April 2026.
FAE Technology, down 0.8%, announced Monday it had signed a binding agreement to acquire 100% of Kayser Italia Srl and its fully owned subsidiary Kayser Space. The acquisition will mark the launch of FAE Technology’s Space division, focused on technological development and support for space exploration and research programs.
Lemon Sistemi, meanwhile, is down 8.4%, extending its bearish streak from the previous two sessions.
On Wall Street last night, the Dow gained 0.4%, as did the Nasdaq, while the S&P 500 advanced 0.3%.
In Asia, the Hang Seng is up 1.1%, the Shanghai Composite climbed 0.1%, and the Nikkei closed 0.9% higher.
On the currency front, the euro is trading at USD1.1703, down from USD1.1722 at Tuesday’s equity close, while the pound is at USD1.3537 from USD1.3532 last night.
In commodities, Brent crude is trading at USD66.92 per barrel, down from USD67.11 at Tuesday’s close, while gold is at USD3,644.08 per ounce, down from USD3,648.40 at yesterday’s European market close.
On Wednesday’s economic calendar, Italian industrial production data is due at 1000 CEST.
At 1110 CEST, a 12-month Italian BOT auction will be held, and at 1200 CEST, the Ecofin meeting convenes.
Focus will turn to U.S. mortgage data from 1300 CEST, followed by producer price data at 1430, and commodity analysis from 1630 CEST.
At Piazza Affari, half-year results are expected from Cellularline, El.En, Esprinet, Orsero, and SYS-DAT.
By Maurizio Carta, Alliance News Reporter
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