(Alliance News) - European stock markets on Monday - according to futures - are reporting an almost flat open, with a cautious mood ahead of the inauguration of Donald Trump's new U.S. presidency.
Traders focus on his promises to increase tariffs, tighten immigration policies, cut taxes and intensify deregulation, measures that could have significant implications for major economies such as the EU.
Investors are also focusing on the World Economic Forum in Davos, Switzerland, scheduled for this week, where political and business leaders will gather to discuss major global issues.
Thus, the FTSE Mib-after closing Friday up 1.3 percent to 38,267.63-marked green by 2.50 points.
On Friday, the Mid-Cap gained 1.5 percent to 48,634.37, the Small-Cap finished in the green 0.6 percent to 28,113.96, and Italy Growth advanced 0.1 percent to 7,858.74.
In Europe, London's FTSE 100 is marking a loss of 15.60 points, Paris' CAC 40 is in the green by only 7.30 points, and Frankfurt's DAX 40 is moving just below par.
On the highest-capitalization list in Piazza Affari on Friday evening, Iveco Group did best of all by moving ahead 5.7 percent.
Buzzi, in the green by 4.3 percent, and Stellantis, up 2.9 percent, did well.
Azimut--up 3.0%--reported Thursday that, based on early summary data and estimated results, it expects to close fiscal 2024 with a net profit of about EUR600 million, placing it at the higher end of the target revised in November.
Total net inflows for 2024 amount to EUR18.3 billion and far exceed the annual target of EUR14 billion set in the last revision last July.
Banco BPM - in the green by 1.6 percent - disclosed Friday that the Supreme Court's ruling has been filed, putting an end to the litigation to obtain the annulment of assessment notices issued in 2011.
The ruling will enable the bank to obtain full restitution of the provisional amount paid during the pendency of the case, totaling EUR201.9 million, plus interest thereon.
Generali -- up 1.2 percent -- on Friday reported that Generali Investments, a global asset management company part of the Generali Group, and MGG Investment Group announced the signing of a definitive agreement under which Conning & Company, the wholly owned subsidiary of Generali Investments, will acquire a majority stake in MGG and its affiliates.
Telecom Italia closed ahead 1.1 percent, with more than 130 million changed hands.
Leonardo - in the green by 1.0 percent - let it be known Friday that it, along with BF - flat at EUR4.52 per share, will take part in the Mattei Plan for Africa, with the signing of an agreement that strengthens the existing collaboration between the two companies for agricultural and technological development on the continent.
There were only three bearish stocks on the main list at the close of the last weekly session: Banca Monte dei Paschi di Siena closed down 0.4 percent, Saipem finished 0.6 percent in the red, and Amplifon was down 1.5 percent.
On the Mid-Cap, Maire led the gains in the last session, touching double digits and closing in the green by 9.6 percent, with more than 1.5 million shares traded.
Iren -- up 3.1 percent -- announced Thursday that it had placed its first hybrid subordinated perpetual bond issue with a nominal value of EUR500 million.
The issue received applications for subscription nearly eight times the amount offered, totaling orders of EUR4 billion. The settlement date is scheduled for January 23.
On the bottom, Technogym, down 1.1 percent, and D'Amico, down 2.2 percent
On the Small-Cap, SIT closed on top, soaring 17 percent, after it announced Friday that its subsidiary MeteRSit had signed a EUR20 million-plus contract with a major European energy company.
TXT e-solutions--green by 3.6 percent--reported that it has appointed Nicola Cordone as a new executive and non-independent board member.
I Grandi Viaggi -- up 0.9 percent -- reported Thursday that it had closed its annual accounts as of Oct. 31 with a profit of EUR3.3 million, up from EUR2.8 million in 2023.
Revenue from the group's core operations was EUR62.6 million, up from EUR57.0 million in the previous year. Total revenues increased to EUR67.2 million from EUR61.2 million in 2023.
On the other side of the list, Bestbe Holding finished 21 percent in the red, in its third bearish session.
Among SMEs, Alfonsino finished at the top of the alternative list, up 10 percent.
Next Geosolutions Europe -- in the green by 2.8 percent -- reported Thursday the award of two contracts worth about EUR41 million with Prysmian Group -- up 2.6 percent on the Mib.
Adventure - in the green by 1.0 percent - reported that the board approved a EUR2.8 million capital increase reserved for Primo Network shareholders, resulting from the sale of their stake in Primo Network.
SolidWorld Group - down 1.1 percent - reported Thursday that Redfish Listing Partners - unchanged at EUR1.20 per share - sold 424,462 ordinary shares in the company.
The negative momentum continues for Vivenda Group, which left 5.2% on the parterre, bringing its performance for the past month into the red by 31%.
Altea Green Power--up 5.9 percent--reported on Friday that the Ministry of Environment and Energy Security has granted approval for the 200 MW Battery Energy Storage System project located in Genzano di Lucania, Basilicata.
In New York on Friday evening, the Dow advanced 0.8 percent, the Nasdaq rallied 1.5 percent, and the S&P 500 closed ahead 1.0 percent.
In Asia, the Nikkei closed ahead 1.2 percent, the Shanghai Composite marked green by 0.1 percent, and the Hang Seng was up 1.9 percent.
Among currencies, the euro changed hands at USD1.0306 versus USD1.0297 at Friday's European equities close. In contrast, the pound is worth USD1.2208 from USD1.2189 on Friday evening.
Among commodities, Brent crude is worth USD80.56 per barrel from USD77.56 per barrel at Friday's European stock close. Gold trades at USD2,706.25 an ounce from USD2,758.16 an ounce Friday evening.
Monday's macroeconomic calendar includes at 1100 CET, Eurozone construction sector output data and the Eurogroup meeting.
Among companies in the Piazza Affari, no particular events are expected.
By Maurizio Carta, Alliance News reporter
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