Mib Rises to 44,100; Luxury Segment Sees Strong Buying

(Alliance News) - Major European stock markets opened higher on Tuesday, building on the momentum from the previous session. Investor optimism was fueled by growing signs of an imminent resolution to the prolonged U.S. government shutdown, an event that serves as a significant macro catalyst for global sentiment.

The recent bipartisan agreement in the U.S. Senate -- where several Democrats broke ranks with party leadership to collaborate with Republicans -- led to the approval of the measure with a 60-40 vote, ending the longest shutdown in American history and easing market uncertainty.

On the microeconomic front, positive updates from periodic corporate reports offered additional support to risk-on sentiment, further strengthening portfolio positioning in European equities.

As a result, the Mib is up 0.5% at 44,102.69 points.

Paris's CAC 40 is up 0.5%, Frankfurt's DAX 40 rises 0.1%, while London's FTSE 100 advances 1.1%.

Among the secondary indices, the Mid Cap is up 0.9% at 57,450.59, the Small Cap rises 0.1% to 35,711.54, while Italy Growth slips 0.2% to 8,498.40.

On Piazza Affari, Moncler shows strength, rising 2.7% to EUR57.94 per share, following previous bullish sessions and highlighting the strong performance of the luxury sector.

Banca Monte dei Paschi also sees solid buying, up 2.4%. Siena is preparing statutory changes to reform its governance and increase distributable profits, targeting around EUR2 billion in annual dividends from 2026. As reported by La Repubblica on Tuesday, the plan--discussed by the board and set to be submitted to the European Central Bank by the end of November--calls for reducing the share of profits set aside as reserves to 5% (currently between 15% and 25%), allowing the distribution of 100% of net profit. With estimated earnings of EUR1.6 billion and EUR500 million in tax benefits, the bank aims to exceed EUR2 billion in payouts.

Brunello Cucinelli appreciates by 2.1% to EUR89.12 per share, following Monday evening's 0.8% gain.

Inwit sees selling pressure, closing the index down 8.9% to EUR8.44 per share, a new 52-week low.

On the Mid Cap, Pharmanutra performs well, up 8.4% to EUR48.40 per share, marking its third consecutive bullish session after strong nine-month results released on Monday.

OVS -- up 2.0% -- announced it has submitted a binding offer to acquire 100% of Kasanova Spa through a capital increase of up to EUR15 million. The transaction will strengthen the group's presence in the home and living segment, where it already operates with the Croff brand through the Upim network.

The board of NewPrinces -- down 0.7% -- on Tuesday approved the nine-month results to September 30, reporting a net profit of EUR106.2 million, including gains from business combinations. Normalized net profit increased by EUR43.8 million compared to the same period in 2024. Group revenues for the first nine months of 2025 totaled EUR1.9 billion, a slight decrease from EUR2.03 billion in the first nine months of 2024.

Sanlorenzo, on the other hand, slips 4.5%, following an 8.1% decline in the previous session.

On the Small Cap, Landi Renzo rises 4.7% to EUR0.90, after a 0.5% gain in the prior session.

Tesmec advances 2.5% to EUR0.1334, following a double-digit rise the day before.

The board of Centrale del Latte d'Italia -- down 0.5% -- on Monday evening approved the consolidated results for the first nine months of 2025, which closed with a net profit of EUR8.7 million, up from EUR8.3 million as of September 30, 2024. Revenue reached EUR261.1 million, an increase of 2.8% compared to EUR254.1 million in the same period the previous year.

Fidia, meanwhile, falls 3.5% to EUR0.22, reversing after two bullish sessions.

Among SMEs, Energy is up 4.9%, bringing the price to EUR0.86 per share, following a 3.8% gain the previous day.

Impianti -- in volatility auction with a last price of EUR1.07 -- announced the award of a project worth around EUR1.6 million for the construction of control rooms and videowall systems for a leading Italian public entity in the Defense sector, with contractual execution between 2025 and 2026. The project, as outlined in the tender, includes the refitting, i.e., design and realization, of several control rooms and videowalls at the main command headquarters.

Adventure, on the other hand, drops 6.9% to EUR14.90, after a 6.7% gain the previous day.

AAtech is down 3.7% to EUR0.90 per share, after posting a 1.1% gain in the previous session.

Datrix, meanwhile, rises 3.9% to EUR1.74 per share, after two bearish sessions.

In New York last night, the Dow Jones gained 0.5%, the Nasdaq 2.3%, while the S&P 500 marked a 1.5% increase.

Among Asian markets, the Shanghai Composite fell 0.4%, the Nikkei slipped 0.1%, while the Hang Seng rose 0.2%.

In currency markets, the euro is trading at USD1.1553 from USD1.1552 at Monday's equity close, while the pound is changing hands at USD1.3125 from USD1.3160 on Monday evening.

Among commodities, Brent is trading at USD68.31 a barrel from USD63.38 a barrel at Monday's close, while gold is valued at USD4,131.15 an ounce from USD4,094.26 an ounce on Friday evening.

On Tuesday's economic calendar at Piazza Affari, results are expected from several companies, including A2A, Recordati, and RCS MediaGroup.

By Maurizio Carta, Alliance News Reporter

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