(Alliance News) - On Tuesday, markets marked a recovery after the previous session's losses, thanks in part to reports suggesting that the Trump administration is considering a more gradual approach to tariffs, with the idea of gradually increasing them.

Thus, bond yields fell slightly, breaking their recent rise and offering a modest boost to risk assets, with trading rooms preparing the ground for the arrival of the first corporate reports, especially among U.S. banks.

In Milan, 25 percent of stocks are up, down 8 percent, unchanged 3 percent, while 64 percent of stocks are still not trading. The counter value of trading is just under EUR374 million.

Thus, the FTSE Mib is advancing 0.6 percent to 35,023.09.

In Europe, London's FTSE 100 is moving just below par, Frankfurt's DAX 40 is advancing 0.7 percent, and Paris' CAC 40 is trading 1.0 percent higher.

Among the smaller listings, Mid-Cap advances 0.1% to 46,838/.57, Small-Cap advances 0.4% to 28,099.33, while Italy Growth moves just above par at 7,923.09.

On the Mib, good start for Pirelli, which moves up 3.8 percent to EUR5.77 per share. Of note on the stock, Goldman Sachs raised its price to EUR7.10 from the previous EUR6.40 per share.

Iveco, on the other hand, advances 2.8 percent. Of note, on the stock Marshall Wace filed its short position on the stock down to 1.6 percent from the previous 1.59 percent.

UniCredit -- in the green by 1.2% -- is preparing to launch Quantico, a new company dedicated to club deals, in collaboration with the wealth and large corporate division. As Milano Finanza writes Tuesday, the goal is to expand the investment offering for private and ultra-high-net-worth clients, similar to Mediobanca Spa's The Equity Club model.

Banco BPM - in the green by 0.3 percent - is devising strategies to counter or slow down UniCredit's OPS, banking on a possible revival of its takeover bid on Anima Holding - down 0.2 percent on the Mid - as Milano Finanza writes Tuesday.

Launched in November for EUR1.58 billion - EUR6.2 per share -, the offer saw Anima's stock rise above the offered price, fueling expectations of a rally. Legal sources indicate that a raise could be approved with a simple majority at the ordinary shareholders' meeting, simplifying the process.

In addition to this move, Banco BPM has filed complaints with the Antitrust Authority and Consob, describing UniCredit's OPS as an aggressive strategy to destabilize a competitor. Consob will monitor discussions between UniCredit and Crédit Agricole SA to ensure fairness to shareholders while the Golden Power Committee could intervene within 45 days with restrictions.

Among the few bearers, Nexi is giving up 3.1 percent to EUR4.91, hitting a new 52-week low during the session at EUR4.83 per share.

On the MidCap, Technoprobe advances 3.4 percent, rebounding after eight bearish sessions.

El.En. - in the green by 1.3 percent--reported Monday the start of its share buyback program, authorized by the April 29 shareholders' meeting. The plan, which began Jan. 13 and will end Oct. 28, calls for the purchase of up to 100,000 ordinary shares, equal to 0.1 percent of the share capital, for a maximum countervalue of EUR1.2 million.

Caltagirone, on the other hand, advances 2.1 percent, breaking a four-session bearish trend.

Arnoldo Mondadori Editore -- in the green by 1.0 percent -- announced Monday that it had bought back 52,500 of its own ordinary shares between Jan. 6 and Jan. 10, for a total value of about EUR110,000.

d'Amico, on the other hand, is stepping back 1.4 percent, the subject of profit-taking after four sessions closed with bullish candles.

Negative note and tail end of the list for Fincantieri, bearish with 1.7 percent to EUR4.46, on its third session in negative balance.

On the SmallCap, Bastogi brings the price ahead 5.8% to EUR0.49 per share, breaking an eight-session bearish trend.

Giglio Group--on volatility auction after a 15 percent rise--reported that it has signed a strategic agreement with SpinQ, a global leader in quantum computer research and production. "This cooperation represents a breakthrough in the technological landscape: for the first time, the potential of quantum computing will be available to companies, universities and researchers around the world through OmniaQuantum, at a consumer price, from today on sale distributed by Giglio Group," reads the company note.

Instead, Il Sole 24 Ore advances 3.6 percent, after two bearish sessions. with new price in the EUR0.62 per share area.

Itway, on the other hand, gives up 2.5 percent to EUR1.16 per share, after two sessions in which it gained more than 21 percent.

Among SMEs, Gibus moves ahead 2.1% to EUR8.86, pending the release of accounts later today.

CleanBnB is markingop a decline of 2.6%, after two sessions closed with bullish trends. During 2024 it reported strong growth in its property portfolio, which reached 2,943 units, up 22 percent from 2,422 at the end of 2023. The properties are distributed in more than 100 Italian locations and managed exclusively, mostly under the "FULL package" formula of full management.

In New York, the Dow closed ahead 0.9 percent, the Nasdaq gave up 0.4 percent, and the S&P 500 picked up 0.2 percent.

In Asia, the Shanghai Composite marked a 2.5 percent green, the Hang Seng was in the green by 1.8 percent, while the Nikkei gave up 1.8 percent.

Among currencies, the euro changed hands at USD1.0262 versus USD1.0199 at Monday's European equities close. In contrast, the pound is worth USD1.2215 from USD1.2225 on Monday evening.

Among commodities, boost on oil with Brent crude worth USD80.47 per barrel from USD81.38 per barrel on Monday's European stock close. Gold trades at USD2,668.79 an ounce from USD2,682.65 an ounce Monday evening.

On Tuesday's economic calendar, industrial production data will be released at 1000 CET in Italy.

One hour later, the result of the ZEW survey of German and Eurozone economic sentiment is expected.

At 1200 CET, China publishes data on the M2 money supply.

Overseas in the US, at 1430 CET, data on the producer price index are expected.

Among the companies listed in Piazza Affari, the results of Gibus are expected.

By Maurizio Carta, Alliance News reporter

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