(Alliance News) - The Mib lost ground, settling around 46,000 points in the final session of the week, marking its fourth consecutive day in negative territory and aligning with the trend of major European indices, amid a context of marked risk aversion.

The decline reflects investors' anticipation of US inflation data, viewed as a key driver for predicting the Federal Reserve's next moves.

There is also increased caution on the sector front. Investors are scrutinizing the long-term sustainability of substantial investments in artificial intelligence, with the technology sector under pressure, as evidenced by the Nasdaq's 2.0% loss at yesterday's close.

On the macro front, the Eurozone economy grew by 0.3% in the fourth quarter of 2025, confirming previous estimates and maintaining the same pace recorded in the prior three months. Year-on-year, it increased by 1.3%, a slight drop from 1.4% in the third quarter.

For the full year 2025, GDP grew by 1.5%, accelerating from 0.9% in 2024.

The Mib therefore opened down by 1.2% at 45,646.34 points.

The CAC 40 is down 0.2%, while the DAX 40 is moving just below parity and the FTSE 100 is up 0.2%.

Among the smaller indices, the Mid-Cap is down 0.4% at 60,030.53, the Small-Cap is up 0.2% at 36,363.64, and Italy Growth is down 0.6% at 8,671.48 points.

On the Mib, Tenaris continues its upward trend, advancing by 3.5% to EUR20.51 per share after a 3.1% loss the previous day. Notably, since the start of 2026, the stock has risen by over 22%.

Inwit, meanwhile, is up 2.0% to EUR8.60 per share, continuing its winning streak and on track for its fifth consecutive positive session.

Generali is up 0.5% to EUR34.80 per share. On Friday, it launched Generali Core Tech, the group's new software factory, to accelerate technological transformation in line with the strategic plan "Lifetime Partner 27: Driving Excellence".

As the company explained in a statement, the new structure aims to create scalable, shared, and innovative platforms to support business growth and the ability to generate value for clients and partners.

It is worth noting that Citigroup has resumed coverage of the stock, setting a target price of EUR43.40.

Sharp losses for Prysmian, which is down 7.4%, marking its fourth consecutive bearish session if confirmed at the close. The stock is declining despite Friday's announcement of a seven-year agreement with Enedis, worth a total of EUR500 million, to become the sole supplier for the entire range of medium-voltage cables.

On the secondary segment, Ascopiave remains at the top, rising by 2.9% and aiming for a fourth consecutive gain. The stock reached a 52-week high at EUR3.70 per share.

Avio – up 2.0% – announced that the European Ariane 6 launcher completed its flight from French Guiana, placing 32 satellites into orbit. As the company explained in a statement, for the first time the rocket used four solid-propellant P120C boosters, developed by Europropulsion – a joint venture between Avio and ArianeGroup – which functioned perfectly for about 134 seconds.

Reply is up 2.2% at EUR92.45, after two sessions closed in the red. The stock, with a market capitalization just under EUR3.4 billion and a free float of almost 60%, is down about 19% since the start of 2026.

Cementir Holding – down 5.2% – announced on Thursday that it closed 2025 with a pre-tax result of EUR286.3 million, up 0.5% from EUR284.9 million in 2024. On a non-GAAP basis, pre-tax profit was EUR325.0 million, up 10% from EUR295.3 million the previous year.

MAIRE – down 1.5% – announced on Thursday that it bought back 682,492 of its own ordinary shares between February 6 and 12. The shares were purchased at an average unit price of EUR15.755, for a total outlay of about EUR10.8 million.

On the Small-Cap, Bastogi is up 6.3%. Notably, since the start of the year, the stock has increased its market cap by 46%.

doValue – up 0.9% – announced Friday that its subsidiary Gardant Investor SGR has successfully launched "MiRo", a new closed-end, multi-compartment, reserved alternative investment fund dedicated to leading international investors.

The first closing provides for subscriptions up to EUR150 million for the initial compartment, focused on private debt instruments with real estate underlying, with the possibility of extending the structure in the future to additional compartments up to a total amount of EUR250 million.

The board of directors of Gefran – up 0.5% – on Thursday released consolidated results as of December 31, 2025, reporting revenues of EUR139 million, up 4.8% from EUR132.6 million the previous year. The increase includes the contribution of the acquisition of CZ Elettronica, consolidated since last April, for a total value of EUR1.6 million.

Elica – down 1.1% – announced Thursday that 2025 closed with a normalized net loss attributable to the group of EUR6.4 million, compared to a profit of EUR1.1 million the previous year.

The normalized net loss was EUR4.8 million compared to a profit of EUR2.6 million.

Among SMEs, Adventure is strong, rising 4.7% to EUR24.30 per share, subject to profit taking after four bearish sessions.

Kaleon – up 1.7% – announced Friday that it has expanded its base of Italian institutional investors through a market transaction executed on February 12 with majority shareholder L6A4.

As the company explained in a statement, as part of the transaction, 150,000 Kaleon shares were purchased for a total outlay of EUR600,000, equivalent to about 1.1% of the company's share capital.

Ecomembrane is performing well, up 5.1% to EUR4.50 per share after two sessions in negative territory.

Matica Fintec – up 2.7% – announced it has won a new international contract for the implementation of the national ID card issuance system of a leading Middle Eastern country, for a total value exceeding USD3 million.

Svas Biosana – flat at EUR8.72 – announced Thursday that it closed 2025 with consolidated revenues of EUR139.1 million, up 16% from EUR120.2 million in 2024. In detail, the Svas business unit recorded revenues of EUR24.5 million, up 21% from EUR20.2 million the previous year, also benefiting from the contribution of Mehos, consolidated from the second half, amounting to EUR2.8 million.

In New York – during the European evening – the Dow fell 1.3%, the Nasdaq lost 2.0%, while the S&P 500 closed down 1.6%.

On the currency front, the euro is trading at USD1.1855 from USD1.1866 at Thursday's European stock close, while the pound is trading at USD1.3620 from USD1.3624 last night.

Among commodities, Brent is trading at USD67.97 per barrel from USD67.95 per barrel last night, while gold is valued at USD4,969.96 an ounce from USD4,936.17 an ounce yesterday evening.

On Friday's economic calendar, at 1300 CET in the UK, a speech by Pill of the Monetary Policy Committee is scheduled.

At 1430 CET, in the USA, focus on the consumer price index, while at 1900 CET, Baker Hughes data on the total number of drilling rigs is expected.

By Maurizio Carta, Alliance News Reporter

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