(Alliance News) - Major European markets closed the session in positive territory, with Milan the sole outlier in a bearish trend. The MIB extended Friday's losses, slipping toward the 48,600 level amid a deteriorating geopolitical backdrop in the Middle East and a lack of concrete signs of de-escalation.
Hardening rhetoric from the Trump administration toward Iran fueled fears of more persistent inflationary pressures, driving a rise in bond yields across both European and US curves.
On the monetary front, the repricing of rate expectations remains significant. The market continues to bake in three ECB hikes by year-end, with a high probability of an initial tightening as early as June, while nearly three restrictive moves are expected from the Bank of England over the course of 2026.
Consequently, the FTSE MIB ended the day down 0.9% at 48,669.05, the Mid-Cap shed 0.4% to 60,443.14, the Small-Cap fell 0.8% to 34,333.91, and Italy Growth dropped 0.8% to 8,826.36.
London's FTSE 100 advanced 1.0%, the Paris CAC 40 gained 0.2%, and the Frankfurt DAX 40 rose 1.2%.
In Milan, Prysmian was among the MIB's worst performers, shedding 3.4% following a 2.1% decline in the previous session.
Buzzi fell 2.2%. Notably, Capital Fund Management increased its short position on the stock to 0.70% from 0.60%.
Eni closed up 3.2%, reversing a 0.3% loss in the previous session, supported by the continued rise in crude prices.
Furthermore, the company launched a placement of new five-year and nine-year fixed-rate bonds aimed at institutional investors under its Euro Medium Term Note program.
The bond issuance follows a board resolution on April 2 and is intended to maintain a balanced financial structure, with proceeds to be used for general corporate purposes.
Amplifon - up 1.4% - announced on Monday that it has signed an agreement to sell its Indian business to Hearzap, an established player in the Indian market. The Indian operations, comprising a network of approximately 115 direct clinics and 460 employees, generated 2025 revenues of approximately EUR12 million, a figure the company described as 'marginal relative to total group revenues'. The asset had a negative impact on consolidated Ebitda.
BPER Banca shed 0.8% to EUR11,55. Deutsche Bank revised its recommendation on BPER Banca to 'hold' from 'buy', with a target price of EUR13.40.
Recordati finished flat at EUR50.55 after spending much of the session in the red. Barclays raised its target price to EUR50.00 from EUR48.00.
On the mid-cap segment, Technoprobe surged 9.1%, marking its third consecutive bullish session.
Interpump climbed 5.5% to EUR35.20 per share. Kepler Cheuvreux upgraded the stock to 'buy' with a target price of EUR43.00.
The board of Tamburi Investment Partners - up 0.5% - approved its interim report as of March 31 on Friday, closing the first three months of the year with a pro-forma net profit of EUR23.5 million, approximately four times higher than the Q1 2025 result. Consolidated shareholders' equity as of March 31 stood at approximately EUR1.41 billion.
El.En. - down 1.7% - announced on Friday that it closed the first quarter with consolidated revenue of EUR145.6 million, up 3.3% from EUR140.9 million as of March 31, 2025. Ebitda for the period reached EUR23.7 million, up 9.0% from EUR21.7 million in 2025.
On the Small-Cap index, Pininfarina showed strength, closing up 3.9% after two bearish sessions.
Beewize rose 3.2% to EUR0.38 per share, following a 2.8% gain in the previous session.
Aeroporto Guglielmo Marconi di Bologna - up 1.4% - reported on Friday a Q1 profit of EUR2.6 million, down from EUR3.1 million as of March 31, 2025. Quarterly revenue rose to EUR42.0 million from EUR36.2 million in the same period last year.
IRCE - up 3.6% - announced on Friday that it closed the first quarter with consolidated revenue of EUR105.8 million, up 3.0% from EUR102.7 million as of March 31, 2025. Quarterly profit amounted to EUR3.8 million, up from EUR2.0 million in the first quarter of last year.
TXT e-solutions - down 0.7% - announced on Friday that it had completed the sale of part of its stake in Banca del Fucino for total proceeds of EUR7.9 million. The transaction involved 3.6 million shares, purchased in 2021 at EUR1.85 per share and sold at EUR2.20 per share. The company noted that the sale price is substantially aligned with the book value.
Among SMEs, Lemon Sistemi jumped 10% to EUR1.85 per share, rebounding from a 7.2% loss in the previous session.
Adventure - down 8.5% - reported a 2025 loss of EUR170,000, compared to a profit of EUR63,000 in 2024. Revenue rose to EUR16.7 million from EUR11.2 million the previous year.
Circle shed 6.5%, following a 3.6% decline the day before.
Innovatec fell 5.3% to EUR0.17 per share, snapping a five-session winning streak.
In the US, the Dow is down 0.1%, the S&P is retreating 0.3%, and the Nasdaq is shedding 0.6%.
In the currency markets, the euro is trading at USD1.1639 from USD1.1628 on Friday evening, while the pound is at USD1.3365 from USD1.3338 on Friday.
Among commodities, Brent crude is trading at USD110.57 per barrel, up from USD108.84 on Friday evening, while gold is valued at USD4,534.00 per ounce, down from USD4,552.65 at Friday's close.
Tuesday's economic calendar features Japanese GDP data at 0150 CEST, followed by the UK unemployment rate at 0800 CEST.
From the US, the ADP employment report is due at 1415 CEST, with weekly oil inventory data scheduled for 2230 CEST.
On the corporate front, results are expected from Itway and Officina Stellare.
By Maurizio Carta, Alliance News reporter
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