(Alliance News) - The Mib continued Friday's session in decline, hovering around 44,800 points and heading toward a negative weekly close.

Investor sentiment deteriorated at the start of the week after U.S. President Donald Trump floated the idea of punitive tariffs against European countries, making their exclusion conditional on the U.S. being allowed to acquire Greenland.

Although the threat was later withdrawn—with Trump announcing the achievement of a NATO agreement—the market remains cautious, factoring in the risk of a structural use of tariffs as a bargaining chip, a factor that continues to weigh on short-term expectations.

Thus, the FTSE Mib is down 0.6% at 44,823.92, the Mid-Cap is in the red by 0.8% at 61,094.52, the Small-Cap falls 0.3% to 37,762.01, while the Italy Growth rises 0.1% to 8,785.48.

London's FTSE 100 slips 0.1%, while Paris' CAC 40 drops 0.2%, as does Frankfurt's DAX 40.

In Milan, on the main blue-chip list of Piazza Affari, among the few gainers is Saipem, which is up 4.0% at EUR2.94 per share, aiming for its fourth consecutive bullish session.

FinecoBank—up 1.1%—announced on Thursday that its board of directors will ask shareholders for authorization to launch a buyback plan for up to 666,425 of its own ordinary shares. The shares will be used for the 2026 incentive plans for key personnel.

Strength also for Fincantieri, up 2.3%, rebounding after a string of declines.

Buzzi loses ground, down 1.1% at EUR50.25 per share. Notably, Goldman Sachs raised its target price to EUR53.00 from the previous EUR52.00.

STMicroelectronics drops 0.7% to EUR24.47. Berenberg raised its price target on the stock to EUR29.00 from EUR26.00.

On the mid-cap segment, WIIT advances 2.1% to EUR24.85, after a 0.2% decline the previous day.

Ferretti falls 1.0%, as the battle for control of the company intensifies. Reference shareholder Weichai, which holds 38% of the capital, reiterated its intention to remain in the group with a long-term strategic presence, leaving open the possibility of increasing its stake to 40%, and confirmed it will present a majority list at the next shareholders' meeting.

The Chinese fund thus takes a stance after the partial takeover bid launched by Kkcg Maritime, owned by Czech entrepreneur Karel Komarek, who aims to increase his stake from 14.5% to 29.9% by offering EUR3.5 per share. The stock has surpassed the offer price, also buoyed by potential support from Daniele Iervolino and Kuwaiti entrepreneur Bader Nasser al-Kharafi.

Webuild—down 0.3%—announced that the contract for the extension of the Riyadh Metro Red Line is valued at USD2.75 billion. The project, commissioned by the Royal Commission for Riyadh City, will be carried out by a consortium led by Webuild with a 30.1% stake, worth about USD830 million.

Pirelli & C—down 0.4%—announced Friday it has signed new five-year committed multicurrency credit lines totaling EUR2.1 billion with a pool of leading national and international banks.

The new lines, linked to the group's decarbonization targets for Scopes 1, 2, and 3, will replace existing bank lines of the same amount maturing in 2027, allowing maturities to be extended through 2031.

Tinexta is flat at EUR15.12 per share. A leadership change is looming at the group, which has come under the control of Advent and Nextalia funds. With the entry of the new owners—who acquired about 39% of the capital from Tecno Holding—a new CEO is expected to be appointed, possibly Bernardo Mingrone, current CFO of Nexi.

On the Small-Cap, Seco is up 5.1%, marking its third consecutive bullish session.

Beewize lifts its price 3.9% to EUR0.42 per share, with its market cap up more than 36% in 2026.

Borgosesia—flat at EUR0.56—announced Thursday the opening of the second tranche of its 2030 bond placement, for up to EUR25 million, closing on February 12 or earlier upon reaching the target.

The company notes in a statement that the bond is aimed at retail and professional investors, has a 60-month term, and pays a fixed annual interest rate of 6.30%, with quarterly coupon payments.

Among SMEs, The Italian Sea Group is down 3.5% at EUR4.54, after gaining 1.5% the previous day. On the MarketScreener platform—based on an average of 4 analysts—the stock shows a target price of EUR7.22, thus appearing undervalued by about 53%.

Grifal—down 6.5%—announced that the board of directors has reviewed the preliminary consolidated revenues for 2025, amounting to EUR35.5 million, down 5.8% from EUR37.7 million in 2024. The decline was mainly due to a 27% drop in foreign sales.

Predict—still flat—announced Thursday it has been awarded, through direct assignment, a EUR55,500 supply contract for the ASST Grande Ospedale Metropolitano Niguarda in Milan, aimed at implementing a tele-ultrasound system for remote clinical support.

The two-year project will adopt the OPTIP platform, an integrated hardware and software solution that enables real-time sharing of diagnostic images and audio-video streams between field operators and remote specialists.

Beewize, meanwhile, is up 3.9% after two bearish sessions. The company—which has a free-float of about 14%—is up 36% year-to-date.

In New York, Thursday evening, the Dow Jones gained 0.6% as did the S&P 500, while the Nasdaq closed up 0.9%.

On the currency front, the euro changes hands at USD1.1732 from USD1.1742 at Thursday's European equity close, while the pound trades at USD1.3530 from USD1.3492 Thursday evening.

Among commodities, Brent trades at USD64.67 per barrel from USD64.21 per barrel Thursday, while gold is worth USD4,926.00 an ounce from USD4,877.20 an ounce last night.

On Friday's economic calendar, the U.S. manufacturing PMI will be published at 1445 CET, while the COT Report will be released at 2030 CET.

The COT Report is expected at 2230 CET.

By Maurizio Carta, Alliance News reporter

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