(Alliance News) – Monday, the main European stock markets opened in negative territory. At the national level, attention focuses on banking consolidation, while on the international level, the focus is placed on the conflict in the Middle East and the imminent deadline concerning American customs duties.
The FTSE MIB thus starts down 0.7 % to 40,019.01 points, the mid-cap increased from 0.1 % to 55,562.38 points, the Small-Cap gains 0.5 % to 32,420.34 points and Italia Growth advances from 0.3 % to 8,293.86 points.
In Europe, the Parisian CAC 40 is stable, the Dax 40 of Frankfurt fell by 0.3 % and the FTSE 100 Londonian evolves slightly 0.1 %.
Back on the Milan Stock Exchange, Tenaris starts the session in the lead, with an increase of 2.0 % to 16.10 EUR per share.
Buzzi follows up 1.1 % to EUR 46.56.
Stellantis published certain preliminary financial data on Monday and not audited for the first half of this semester on Monday, as well as estimates of global consolidated deliveries for the second quarter, pending official results scheduled for July 29.
Turnover amounts to 74.3 billion euros, net loss at 2.3 billion euros and the operating profit adjusted to 500 million euros. The cash flow from operational activities is negative of 2.3 billion euros, while the industrial cash flow displays a negative balance of 3.0 billion euros. The title fell 2.6 % to EUR 7.706, recording the highest drop at the start of the session.
Giancarlo Fancel, Managing Director of Generali Italia – down 0.4 % – said in an interview with the Corriere Della will be that insurance could be a recovery engine for the country, in particular in a logic of public -private collaboration, taking into account the growing difficulties of the state system.
The tension is accentuated between the German government and Unicredit about the Operation of Acquisition of Commerzbank. Chancellor Friedrich Merz expressed strong reservations at a press conference, qualifying the operation “hostile acquisition, aiming both in Commerzbank and the Federal Republic”. The title loses 0.5 %.
Regarding the public exchange offer on Banco BPM, down 1.2 % and red lantern in the ranking, after the Minister of the Economy, Giancarlo Giorgetti, said that “the Italian government is not concerned with the nationality of banking operators”, Crédit Agricole immediately submitted to the European Central Bank demand to exceed 20 % of Banco BPM capital. This initiative highlights French activism on the Italian banking consolidation front.
Iveco Group, after rumors concerning a possible transfer to Tata Motors, increased by 0.7 %. Good performance also for Buzzi, up 1.6 %, while Prysmian advances 0.7 %.
On the mid-cap, Danieli & C leads the dance with an increase of 3.0 % to 36.20 EUR. International customs duties, although raised in the sector, has little impact on the group, the main activity of which is the construction of green and digital steel factories. Only 15 % of the turnover of the installation activity comes from the United States, where Danieli remains competitive thanks to a complete offer of local services.
San Lorenzo finalized a share repurchase of 450,000 EUR and the title won 2.0 %.
Newprinces will be introduced on the London Stock Exchange in mid-October, with the aim of raising 500 million GBP, capitalization close to 2 billion euros and an expected turnover of 2.5 billion euros by the end of 2024. The title increased by 0.7 %.
Good performance for SESA, which advances 1.5 % with 172 signed contracts and 6,518 units exchanged.
Lu-Ve closes the classification by backing from EUR 32.00.
Among the Small Caps, Bastogi takes the lead with an increase of 8.4 %, thus straightening its performance of the last month which had seen it fall by 7.5 %.
Fidia climbs 5.1 % to 0.3870 EUR after entrusting Equita Advisory a mandate for consulting activities in the search for financial and industrial partners.
Dovalue, which announced Friday that it had signed a binding agreement with ClaimServco Holding BV, a company affiliated with funds managed by Waterland Private Equity, and with other minority shareholders, for the acquisition of 100 % of the capital of Coeo Group GmbH, records an increase of 5.0 %.
Trevi Finanziaria Industrial fell 2.1 %, signing the worst performance in the ranking.
On Italia Growth, Cyberoo dominates with 3.6 % at EUR 1.71 and Ivision Tech with 3.5 % to EUR 2.32.
Bellini Nautica has announced that shareholders have approved a divisible capital increase aimed at supporting the development of the Bellini Yacht brand, international expansion and entry into new market segments. The operation, with a total amount of 4 million euros, does not correspond to purchases. The title thus yields 0.7 %.
Gel closes the SME march with a drop of 7.6 %. Over the last thirty days, the title has lost 4.0 %, but the results remain positive over the last six months, at 14 %.
In New York, the Dow Jones sold 0.3 %, the Nasdaq increased just above the parity, while the S&P 500 finished slightly in the red.
In Asia, the Shanghai Composite won 0.7 % and the Hang Seng closed up 0.6 %. The Tokyo Stock Exchange remained closed for the Navy Festival.
On the currency side, the euro is exchanged at USD 1.1641 against USD 1,1654 at the end of Friday, while the pound sterling is exchanged at USD 1.3440 against USD 1.3447 on Friday evening.
Regarding raw materials, the Brent is exchanged at 69.13 USD against 69.44 USD per barrel at the previous fence, while gold is worth 3,365.42 USD against 3,360.22 USD on Friday evening.
The macroeconomic calendar on Monday provides in the afternoon, at 3:00 p.m., in France, in France, three aspects of short-term state titles, with deadlines at three, six and twelve months.
Finally, at 5.30 p.m., the United States will carry out auction for three and six months.
No particular communication is expected among the companies listed on the Milan Stock Exchange.
Par Michele Cirulli, Alliance News Reporter
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