European futures signal technical rebound
(Alliance News) – European stock index futures point to a positive opening for Tuesday’s session, reflecting a technical rebound following the declines of the previous session. However, the backdrop remains highly uncertain and the overall outlook remains cautiously negative.
Investor sentiment is weighed down by the escalation of the conflict in the Middle East. Iran has denied any negotiations with the US to resolve the deadlock, continuing instead its attacks against US assets, while Israel has launched new raids on targets in Iran and Lebanon.
Despite the rebound recorded in yesterday’s session, supported by President Donald Trump’s five-day postponement of scheduled attacks on Iranian energy infrastructure and statements regarding alleged productive talks, risk aversion remains elevated.
Consequently, the MIB – after closing up 0.8% at 43,189.80 points yesterday evening – is currently up 165.00 points in the futures market.
The CAC 40 is advancing by 29.00 points, the DAX 40 is up 59.80 points, while the FTSE 100 is moving slightly above par.
Yesterday evening, the Mid-Cap rose 1.8% to 52,203.67, the Small-Cap gained 1.5% to 32,169.16, and Italy Growth closed in the red by 0.2% at 8,286.84 points.
Yesterday evening in Milan, DiaSorin ended the session down 13% at EUR55.62 per share. UBS maintains a “buy” recommendation on DiaSorin with a target price of EUR84.00. However, analysts Kavya Deshpande, Graham Doyle, and Thyra Lee highlight that fourth-quarter results missed expectations, introducing risks of downward revisions to 2026 estimates.
The EUR10.8 billion public exchange and purchase offer (OPAS) launched by Poste Italiane for Telecom Italia marks, according to eToro market analyst Gabriel Debach, the definitive transition from strategic shareholder to sole controlling entity of the TLC group, concluding an industrial path built throughout 2025. Poste shares closed down 6.9% while Telecom Italia shares rose 4.7%.
Leonardo – with daily losses of 2.3% – has completed the acquisition of the entire share capital of GEM Elettronica, increasing its stake from 65% to 100%, thereby strengthening its position in radar technologies and systems for naval and coastal applications.
STMicroelectronics, which ended the session up 1.0%, announced on Monday the start of deliveries of general-purpose STM32 microcontrollers produced in China.
Regarding banking consolidation, the exchange offer (OPS) announced by UniCredit for Commerzbank, valued at approximately EUR35 billion, represents only part of the strategy of the group led by Andrea Orcel, aimed at strengthening its pan-European profile and growing in key markets while maintaining discipline in capital allocation. UniCredit moved up 3.3%.
The case of the third list for the renewal of the board of directors of Banca Monte dei Paschi di Siena, which closed up 2.7%, presented by Plt Holding and supported by the Tortora family with a stake of approximately 1.2% of the capital, will be subject to further review by the bank’s board.
Strong buying was also seen on Banco BPM, which rose 3.7% to EUR11.66 per share.
On the Mid-Cap, Rai Way closed 2025 on Monday with a net profit of EUR88.6 million, compared to EUR89.9 million as of December 31, 2024. The company announced a proposed dividend of EUR0.33 per share, down from the EUR0.334 paid in 2024. The stock fell 2.8% to EUR5.58 per share.
Cementir Holding – which gained 3.4% – announced on Monday that its Danish subsidiary Aalborg Portland Holding has signed a binding agreement to acquire 100% of the share capital of Nymølle Stenindustrier, Denmark’s leading producer of aggregates by annual capacity, with a market share of approximately 10%.
ENAV approved its 2025 accounts on Monday, closing with a net profit of EUR93.1 million, down from EUR125.7 million in the previous year.
The board resolved to propose to the shareholders’ meeting a dividend distribution of EUR156.7 million, corresponding to EUR0.29 per share, a slight increase from EUR0.27 in 2024. The stock gained 0.2%.
Iren, flat at EUR2.448 per share, closed 2025 with a group net profit of EUR316.6 million, up 4.2% from EUR303.6 million in 2024. Furthermore, the board of directors will propose a dividend of EUR0.1386 per share, up from EUR0.1283 in 2024.
Webuild announced on Monday that the IRICAV Due Consortium, led by the group and working on behalf of Rete Ferroviaria Italiana – FS Italiane Group, has completed civil works and track laying along the 44.25 kilometers separating Verona from the Vicenza Junction. The stock gained 3.2% following the signing of a EUR117 million ANAS contract by a subsidiary.
On the Small-Cap, EPH – with gains of 11% – announced that Rona Limited Company, as part of the ongoing capital strengthening operation, has signed separate assumption and settlement agreements for the company’s financial debt with Kerdos SPV, Altea SPV, and Intesa Sanpaolo.
FILA – up 6.3% at the close – ended 2025 with a group net profit of EUR14.5 million, down from EUR81.8 million as of December 31, 2024. Adjusted net profit stood at EUR33.0 million compared to EUR40.9 million.
FNM closed 2025 with a net profit of EUR73.6 million, a 24% increase compared to EUR59.3 million recorded as of December 31, 2024. The stock fell 1.3%.
Gabetti trailed the basket with losses of 6.0% at EUR0.532 per share, while Italian Sea Group recovered with gains of 15% at EUR1.052 per share.
Among SMEs, Friends announced on Monday that it closed 2025 with a production value between EUR15.5 and EUR16.1 million, compared to EUR15.6 million in 2024. The stock closed flat at EUR1.59 per share.
Ubaldi Costruzioni – up 2.6% – closed 2025 with a net profit of EUR5.1 million, up from EUR3.5 million as of December 31, 2024, marking a 47% increase. The value of production amounted to EUR44.6 million, up from EUR36.3 million, a 23% increase over the previous year.
Powersoft, which closed up 4.0%, reported a net profit of EUR9.9 million, a 20% reduction compared to EUR12.3 million in 2024, “due to purchase price allocation and higher financial charges related to the acquisition of K-Array.”
Omer announced on Monday that it closed the last financial year with revenue growing year-on-year to EUR91.5 million from EUR84.0 million. The board decided to propose a dividend of EUR0.17, more than double the EUR0.07 paid last year. The stock rose 5.9%.
In New York, during the European evening, the Dow Jones gained 1.4%, as did the Nasdaq, while the S&P 500 closed up 1.2%.
Among Asian markets, the Nikkei gained 1.4%, the Shanghai Composite was up 1.8%, while the Hang Seng is currently gaining 2.8%.
On the currency front, the euro is trading at USD1.1607 from USD1.1584 on Monday evening, while the pound is trading at USD1.3436 from USD1.3394 yesterday evening.
Among commodities, Brent is trading at USD102.61 per barrel from USD102.62 per barrel on Monday evening, while gold is worth USD4,423.27 per ounce from USD4,374.19 per ounce yesterday evening.
On Tuesday’s economic calendar, the preliminary manufacturing PMI for France is expected at 0915 CET, followed 15 minutes later by Germany’s, while the Eurozone’s will arrive at 1000 CET. At 1200 CET, the Bundesbank will release its monthly report.
At 2130 CET, the estimate for US oil inventories will be released.
At Piazza Affari, results are expected from 13 companies, including Sabaf, Cairo Communication, and RCS Media Group.
By Maurizio Carta, Alliance News reporter
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