(Alliance News) - On Monday, as the EU sharpens its counter-tariffs and anti-coercion tools to create a trade shield, markets continue to post losses in response to the 30% tariffs imposed by the US.

The FTSE Mib fell by 0.4% to 39,955.32 points.

European markets followed suit, with Paris's CAC 40 down 0.4%, Frankfurt's DAX 40 declining 0.8%, and London's FTSE 100 the only gainer, up 0.4%.

Secondary indexes also moved into negative territory: the Mid-Cap fell 0.6% to 55,032.60 points, the Small-Cap slipped 0.3% to 32,054.34, and Italy Growth dropped 0.3% to 8,238.78 points.

On Piazza Affari, Banco BPM led the blue chips with a 3.5% rise to EUR10.375 per share. In the background is the ongoing banking sector consolidation and a recent Lazio Regional Administrative Court ruling on the government's Golden Power over UniCredit's offer, with UniCredit shares up 0.1%.

The administrative court sided with UniCredit's complaints over the government's "illegitimate" use of its powers; the government, however, maintains that only certain conditions were imposed, which do not alter the substance of its intervention in the Banco BPM affair.

Banca Popolare di Sondrio climbed 3.3% to EUR12.03 per share. BPER Banca also posted a 3.3% gain.

Tenaris acquired 1.8 million of its own shares for a total outlay of EUR29.9 million. The stock slipped 0.1%.

Terna, down 0.1%, signed a EUR54 million agreement with Tesmec, which led the Small-Cap index with a 13% surge.

Kintbury Capital increased its short position on Amplifon to 0.61% from 0.57%. The stock was flat at EUR19.45 per share.

At the bottom, Banca Mediolanum settled with a 0.6% loss, while MPS recovered 0.2% and FinecoBank dropped 1.1%.

Intesa Sanpaolo announced Monday that its IMI Corporate & Investment Banking Division participated, alongside a banking pool, in a medium-to-long-term EUR100 million financing for Dolce&Gabbana Group. The stock was down 0.4%.

On the Mid-Cap, Webuild announced Monday it had strengthened its presence in Saudi Arabia with new contracts worth USD600 million for the Diriyah Square project. The stock rose 1.0% to EUR3.854 per share.

Banca Ifis - down 1.5% - announced it had reached 92.5% of illimity Bank's share capital - up 1.8% - at the conclusion of its takeover offer for the small-cap bank.

Garofalo Health Care gained 0.7%, but remains negative over the past 30 trading days, with a 4.1% loss.

The steepest decline was registered by d'Amico, which dropped 3.7% to EUR3.554 per share.

NewPrinces topped the index with a 1.9% rise to EUR18.44 per share, extending its positive run over the past month to a 7.7% gain.

Among small-caps, Softlab posted a 0.4% increase to EUR1.25 per share after talks with the Ministry to safeguard 123 jobs.

Somec announced it had secured orders exceeding EUR110 million for its Horizons division, specializing in engineered naval architecture systems and civil facades, and Talenta, which offers professional kitchen systems and products. The stock climbed 4.9%.

Fincantieri, one of the partners in the agreement, rose 1.1%.

The worst performer was EPH, down 8.3%.

Among SMEs, ENA was among the leaders with a 5.7% increase.

Ambromobiliare jumped 13% to EUR1.22 per share.

Metriks AI announced Monday that the Lombardy Region had conditionally approved a non-repayable grant of up to EUR600,000 as part of the "Quota Lombardia" initiative, promoted with Unioncamere Lombardia to support SMEs seeking capitalization and listing. The stock was flat at EUR2.015 per share.

Additionally, the company acquired 60% of Fanizza to strengthen its ERP offering for SMEs.

Laboratorio Farmaceutico Erfo - down 3.1% - announced it had bought back 13,000 of its own ordinary shares for EUR16,905.10.

Edil Sanfelice fell to the bottom of the index with a 5.5% drop. Cloudia Research also struggled, down 4.5%.

Lindbergh, which repurchased 5,500 of its own shares for over EUR22,000, rose 1.6%.

EdiliziaAcrobatica expanded into Luxembourg and is targeting Germany and Belgium, but at midday the stock was down 1.1%.

In Asia, the Nikkei closed down 0.3% at 39,459.62, the Shanghai Composite rose 0.3% to 3,519.65, and the Hang Seng gained 0.3% to 24,203.32.

In New York on Friday, the Dow Jones closed down 0.6%, the Nasdaq slipped 0.2%, and the S&P 500 lost 0.3%.

On the currency front, the euro traded at USD1.1688 from USD1.1692 at Friday's close, while the pound traded at USD1.3482 from USD1.3503 Friday evening.

Among commodities, Brent crude traded at USD70.83 from USD70.19 per barrel at the previous close, while gold was worth USD3,367.005 from USD3,357.97 per ounce on Friday evening.

As for Monday's economic calendar, with no significant macroeconomic data due, the Eurogroup meeting is scheduled for 1200 CEST, while at 1500 CEST, French BTF auctions with three-, six-, and 12-month maturities will take place.

US Treasury bill auctions - with three- and six-month maturities - are scheduled for 1730 CEST.

By Michele Cirulli, Alliance News Reporter

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