Mib Surpasses 39,900; Buzzi and Iveco Lead the Charge

(Alliance News) - On Monday, the Mib posted gains, breaking through the 39,900-point threshold in line with advances across major Eurozone bourses, as investors weighed signals that could prompt the US to postpone the July 9 deadline for trade negotiations.

President Donald Trump stated that several trade deals are nearing completion, with targeted countries receiving notice of the tariff hike scheduled for July 9, to take effect August 1. The US had initially proposed a base tariff of 10% in April, with some duties reaching as high as 50%, but most have been postponed until this week.

The EU is working to avert a significant tariff escalation by negotiating a preliminary agreement that would include a universal 10% duty on many goods, with lower rates for strategic sectors such as pharmaceuticals, alcohol, semiconductors, and commercial aircraft.

As a result, the FTSE Mib climbed 0.7% to 39,914.25 points, the Mid-Cap gained 0.4% to 54,241.23, the Small-Cap rose 0.1% to 32,097.40, and the Italy Growth index closed up 0.2% at 8,271.16 points.

Across Europe, Paris' CAC 40 closed up 0.4%, Frankfurt's DAX 40 advanced 1.1%, while London's FTSE slipped 0.2%.

Back in Milan, Buzzi ended the session up 4.7% at EUR48.26 per share, rebounding after five consecutive losing sessions.

Iveco advanced 3.7%. Notably, Capital Fund Management trimmed its short position on the stock to 0.59% from the previous 0.60%.

Banca Mediolanum - up 1.5% - reported June commercial results on Monday, with total inflows reaching EUR6.1 billion in the first half of the year, including EUR4.5 billion from managed savings. Net inflows for June amounted to EUR721 million, bringing the year-to-date total to EUR6.1 billion.

FinecoBank - up 1.4% - announced Monday that net inflows in June reached EUR848.1 million, down from EUR996.8 million in the same month last year, bringing year-to-date inflows to EUR6.63 billion, surpassing the EUR5.02 billion for the same 2024 period.

STMicroelectronics - up 0.3% - disclosed Monday it had purchased ordinary shares between June 30 and July 4 for a total value of EUR5.3 million.

In the mid-cap segment, strength was seen in Cembre, closing with a bullish 2.7% candle after a 3.1% loss in the previous session.

MAIRE ended up 4.3% at EUR11.97, hitting a new 52-week high of EUR11.98 during the session.

Cementir Holding also performed well, closing up 2.0% at EUR15.22 per share.

Juventus Football Club - down 2.0% - announced it had signed a contract with footballer Jonathan Christian David, who will receive EUR12.5 million, payable over three years. The company also signed a performance contract with him through June 30, 2030.

On the Small-Cap index, EPH closed up 4.2%, bringing its price to EUR0.1230.

Landi Renzo - up 1.4% - announced it had reached an agreement with a major OEM client to formalize commercial terms under which the company will continue supplying LPG kits through year-end under the current program. The company also committed to meeting "after-sale" supply obligations for 10 years, in exchange for an extraordinary monetary contribution from the client.

Digital Bros gained 3.2% to EUR16.86 per share, hitting a new 52-week high of EUR17.20 during the session.

Aeroporto Guglielmo Marconi di Bologna - down 1.2% - reported Friday that it registered one million passengers in June for the third consecutive month. Of these, international passengers totaled 790,230, down 0.2% from June 2024, while domestic flights carried 278,521 passengers, up 0.1% from the same month in 2024.

Among SMEs, Innovatec saw significant buying, pushing its price up 9.7% to EUR0.1978.

ESI - up 3.5% - announced Monday it had secured EUR1.7 million in financing from Blu Banca for its subsidiary La Cava to construct a plant. The first plant, with a capacity of 3 MW, will be built in Monterosi, Viterbo province, and entrusted to ESI via an EPC contract already signed for EUR2.3 million, with completion expected by 2026.

Datrix - up 2.0% - announced Monday a new partnership between Bytek - the group's MarTech company - and BNP Paribas for the development of WellMakers, the French bank's corporate wellbeing platform.

Lindbergh - flat at EUR4.12 - reported Monday it had signed, through its subsidiary SMIT, a preliminary agreement to acquire 100% of Termotecnica Monzese Srl, a company active for over 50 years in heating and air conditioning maintenance and service in the Monza and Brianza province.

On the currency front, the euro traded at USD1.1731 from USD1.1780 at Friday's close, while the pound exchanged at USD1.3635 from USD1.3645 on Friday evening.

In commodities, Brent crude traded at USD69.08 from USD68.31 a barrel at the previous close, while gold was at USD3,321.37 from USD3,332.55 an ounce on Friday.

On Wall Street, the Dow was down 0.4%, while the S&P and Nasdaq both marked losses of 0.7%.

On Tuesday's economic calendar, Germany's trade balance is due at 0800 CEST, followed by France's at 0845 CEST.

In the evening, at 2230 CEST, the US will release weekly oil inventory data.

No major corporate events are scheduled.

By Maurizio Carta, Alliance News Reporter

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