Mib Edges Upward, Led by Nexi and Iveco Group

(Alliance News) - On Thursday, with the recent spell of international turbulence seemingly behind them for now, markets are turning their attention to July 9--the date marking the end of the suspension of the US 50% tariffs across the EU.

Italy, through Prime Minister Giorgia Meloni, is aiming for the introduction of a generalized 10% export tariff, deemed "not particularly impactful."

As a result, Europe's main markets are trending higher. Paris's CAC 40 is up 0.2%, Frankfurt's DAX climbs 0.8%, and London's FTSE 100 rises 0.2%.

In Italy, the Mib is hovering around parity at 39,322.86 points. The Mid-Cap index increases by 0.6% to 53,369.40, the Small-Cap advances 0.8% to 31,359.95, while the Italy Growth index dips slightly to 8,137.41 points.

Nexi leads the main board, up 2.6% at EUR5.0920 per share, after the Italian paytech company bought back 10.5 million of its own shares two days ago for a total of EUR52 million.

Iveco Group is also at the top, jumping 2.8% to EUR15.86.

Banca Mediolanum--up 0.8%--is reportedly considering selling its historic 4.5% stake in Mediobanca, which is down 0.4% today, signaling its intention not to participate in the battle for control of Piazzetta Cuccia, according to Il Sole 24 Ore. Additionally, Mediobanca has announced that shareholder Aurelia has sold call options on a total of 50,000 ordinary shares of the bank.

Banca Monte dei Paschi di Siena, down 0.4% at EUR7.32, announced it has successfully completed a EUR500 million Tier 2 subordinated bond issue, maturing in October 2035 with an early redemption option in October 2030.

The new CEO of Stellantis, Antonio Filosa, has discussed the future of Mirafiori, aiming to quadruple production volumes of the Fiat 500. The stock is down 0.9%.

Buzzi rounds out the main board, bucking the recent positive trend in the sector after Switzerland's Holcim was rewarded following the spin-off of its North American operations. The stock falls 1.7% to EUR45.64.

On the Mid-Cap index, Fincantieri leads with a 7% jump to EUR15.38 per share, after announcing it had secured a EUR700 million contract to renew and strengthen the Italian Navy's fleet.

Cementir Holding has been included in the "World's Most Sustainable Companies 2025" ranking, compiled by Time and Statista, which selects the 500 global companies best combining financial solidity and sustainability, as reported Thursday by Il Messaggero. The stock is up 0.3% to EUR14.60.

Ariston Holding closes the index down 4.8%.

Among small caps, Tesselliss performs well, up 2.6% to EUR0.1098 per share.

Trevi Fin Ind leads the way with a 9.8% surge to EUR0.3255 per share, continuing the positive trend from the start of the year, with an 18% gain over six months after the group secured contracts and orders worth over EUR140 million in April and May, raising its order book to EUR715 million by the end of May.

Additionally, the board of directors of Pininfarina--down 1.2%--has approved a transaction involving a loan from Tech Mahindra London Limited, a Tech Mahindra group company affiliated with PF Holdings, the company's controlling shareholder, for a total of EUR6.0 million.

After yesterday's strong performance, I grandi viaggi dips again, down 3.7%.

Generalfinance falls 3.3% after announcing it has signed a new financing agreement with Intesa Sanpaolo, in the form of a pro soluto IAS-compliant receivables transfer, with a maximum ceiling of EUR20 million.

Among SMEs, Svas Biosana--up 1.3% to EUR7.90--has announced the signing of a binding agreement to acquire 51% of the share capital of Mehos, a company specializing in the marketing of medical devices, primarily serving public healthcare facilities.

Espe leads the SME index, gaining 3.9 percentage points.

High Quality Food follows, topping the list with a 3.5% increase, having improved its performance by 11% over the past month.

Mare Engineering Group, flat at EUR3.42, has surpassed the 15% threshold of share capital and voting rights in Eles, aided by sales from leading institutional investors.

FAE Technology, flat at EUR2.56, announced Thursday the launch of the ReLife4PCBA project, aimed at developing an integrated system for the recovery, traceability, and regeneration of electronic boards.

In Asia, the Nikkei 225 is up 1.7%, the Shanghai Composite lost 0.2%, and the Hang Seng fell 0.6%.

Last night in New York, the Dow Jones closed at 42,982.43, down 0.3%; the Nasdaq gained 0.3% to 19,973.55, while the S&P 500 ended flat at 6,092.16.

In currency markets, the euro is trading at USD1.1716 from USD1.1625 at Wednesday's close, while the pound is at USD1.3738 compared to USD1.3626 last night.

In commodities, Brent is trading at USD67.49 from USD67.68 per barrel at the previous close, while gold stands at USD3,341.16 an ounce from USD3,332.575 an ounce previously.

On Thursday afternoon, focus shifts to the US, where at 1430 CEST, data on jobless claims, core PCE, durable goods, and, most notably, GDP will be released.

The stream of US macro data continues at 1600 CEST with housing market figures, at 1630 CEST with gas inventory data, and at 2230 CEST with the Federal Reserve's balance sheet.

By Michele Cirulli, Alliance News Reporter

Comments and questions: [e-mail]

Copyright 2025 Alliance News IS Italian Service Ltd. All rights reserved.