Rally on Milan Stock Exchange Led by BPER and UniCredit

(Alliance News) – European shares opened higher on Monday in light trading, bouncing back after two sessions of declines from record highs, as investors weighed concerns over potential AI-related disruptions against a round of stronger-than-usual corporate earnings.

Later this week, markets are awaiting the release of minutes from the latest Federal Reserve meeting, which could offer further insight into the outlook for monetary policy.

The Mib rose by 0.3% to 45,562.34 points.

Across Europe, London advanced 0.3%, Frankfurt gained 0.2%, and Paris climbed 0.3%.

In Milan, the Mid-Cap index was up 0.1% at 59,489.56, the Small-Cap slipped 0.1% to 36,396.21, while the Italy Growth index rose 0.1% to 8,699.31 points.

On the Mib, BPER Banca performed strongly, rising 1.8% to EUR11.74. According to Evaluation.it Guerrini, model results converge on a per-share value of around EUR12.1, which tends to increase or decrease by EUR0.3 for each percentage point change in the cost income ratio.

UniCredit climbed 1.5% to EUR72.41 per share. Deutsche Bank raised its price target to EUR77.00 from EUR64.00.

Leonardo advanced 1.4%. Airbus and the defense company announced the start of the second phase of the European Next Generation Rotorcraft Technologies project, a three-year program co-financed by the EU to promote future capabilities of military helicopters. The initiative, supported by 12 EU member states, aims to develop the technologies needed for operations in highly contested environments.

Ferrari, on the other hand, slipped 0.3% to EUR321.20 per share. Notably, Morgan Stanley raised its target price to EUR357.00 from EUR355.00.

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

Interpump retreated 1.5%. Berenberg cut its price target to EUR48.00 from EUR50.00.

The company reported on Friday that it closed 2025 with consolidated net profit of EUR209.7 million, down 8.2% from EUR228.5 million in 2024. Revenues stood at EUR2.07 billion, a decrease of 0.4% from EUR2.08 billion the previous year, while on an organic basis the decline was 0.7%.

Mondadori Editore lagged, falling 2.7% to EUR1.99 per share, following three previous sessions in negative territory.

On the Small-Cap, Aeffe started well, rising 3.8% after a 2.8% loss in the previous session.

EuroGroup Laminations – which has yet to trade – announced that the deal announced last summer between EMS Euro Management Services, the main shareholder of EuroGroup Laminations, and Ferrum Investment Ltd, a vehicle controlled by funds managed by FountainVest, has ended without result.

The parties acknowledged the impossibility of satisfying one of the key suspensive conditions – Indian authorization regarding foreign direct investment – and therefore terminated the agreements signed on July 28 of last year.

Antares Vision – flat at EUR5.05 – reported on Friday that it closed 2025 with an acceleration in orders but with slightly lower revenues and a downward revision of medium-term growth prospects. In 2025, orders grew by 19% year-on-year and 21% at constant exchange rates, an improvement over the 9% increase in the first nine months. The growth is mainly attributable to Supply Chain Transparency, which registered a 137% increase thanks to the renewal of multi-year contracts. Excluding SCT, orders remained essentially stable.

Among SMEs, FAE Technology is up 3.7% to EUR2.55 per share, rebounding after a string of losses and shortly after announcing it had secured orders worth EUR2 million.

Farmacosmo gained 3.3%, after a 1.1% loss in the previous session.

Riba Mundo Tecnología – down 1.4% – reported on Friday that 2025 revenues amounted to EUR201.4 million, down from EUR480 million in 2024. The drop, exceeding 50%, is attributed to the fire that struck the Valencia warehouse on January 25, 2025, causing operations to be interrupted for several months.

Allcore is down 2.9%, marking its third consecutive bearish session. Notably, on MarketScreener, based on an average of two analysts, the stock is indicated with an average price of EUR2.66 per share, making it undervalued by nearly 92%.

In New York – where markets will remain closed today for a holiday – the Dow Jones slipped 0.1% on Friday evening, the Nasdaq lost 0.2%, while the S&P 500 closed up 0.1%.

In Asia, where the Chinese stock exchange also remained closed for a holiday, the Nikkei dropped 0.2%, while the Hang Seng gained 0.5%.

On the currency front, the euro was trading at USD1.1864 from USD1.1868 at Friday's European equities close, while the pound was at USD1.3651 from USD1.3624 on Friday evening.

Among commodities, Brent was trading at USD67.66 a barrel from USD67.53 a barrel on Friday evening, while gold was worth USD5,013.60 an ounce from USD5,019.46 an ounce on Friday evening.

On Monday's economic calendar, attention turns to German auctions with one-year maturities at 1130 CET and at 1430 CET focus on Canadian consumer price data.

Also regarding auctions, this time in France, sovereign bond auctions with three, six, and 12-month maturities will be held at 1500 CET.

On Piazza Affari, results are expected from Kaleon and Leone Film.

By Maurizio Carta, Alliance News Reporter

Comments and questions to [e-mail]

Copyright 2026 Alliance News IS Italian Service Ltd. All rights reserved.