Assicurazioni Generali S.p.A. ADR (ARZGY)

Mib drops to 36,000; Stellantis at tail end of list

(Alliance News) - On Tuesday, European stock markets, with Milan bearish in the 36,000-point area, trade without a single direction as trading floors assess Donald Trump's first initiatives in his second term as US president.In Milan, 16 percent of stocks are up, 19 percent down, 5 percent unchanged, while 60 percent of stocks are still not trading. The counter value of trading is just under EUR301 million. aAdsList.push('Article'); aAdsListSize.push([300, 250]); aAdsListCA.push(null); Trump refrained from imposing tariffs immediately after his inauguration, but later announced plans to introduce them of up to 25% on Mexico and Canada starting in February. The statement renewed concerns about trade tensions and potential inflationary pressures. In Europe, UK labor market data showed a mixed picture, with wage growth rising while the unemployment rate rose and employment fell.Thus, the FTSE Mib traded 0.2 percent red at 36,000 points. In Europe, London's FTSE 100 is posting a loss of 7.50 points, Frankfurt's DAX 40 is giving up 71.30 points, and Paris' CAC 40 is posting a red of 14.30 points. Among the smaller lists, the Mid-Cap is advancing 0.1 percent to 48,560.20, the Small-Cap is marking a plus 0.1 percent to 28,123.24, while Italy Growth is marking a green 0.1 percent to 7,855.38.On the highest-capitalization list in Piazza Affari, strength on DiaSorin, which moves up 1.9 percent to EUR103.70 positioning itself at the top of the bluechip segment. Banca Mediolanum also does well, rising 0.7 percent to EUR12.76 per share. Assicurazioni Generali -- in the green by 0.2% -- and BPCE announced Tuesday that they have signed a non-binding Memorandum of Understanding to create a joint venture between Generali Investments Holding and Natixis Investment Managers. The two companies will each hold 50 percent, with equally balanced governance and control rights. This will create a champion with EUR1.9 trillion in assets under management, ranking ninth globally and leading Europe in revenues with EUR4.1 billion. BPER Banca -- in the black with 0.4 percent -- reported Monday that Fitch Ratings upgraded the outlook on its long-term Issuer Default Rating from stable to positive. The rating agency also confirmed the rating at "BBB-" in the Investment Grade and Viability Rating categories.Stellantis, on the other hand, gives up 2.0 percent, after four bullish sessions. Of note - more broadly - passenger car registrations in the European Union rose 5.1 percent year-on-year to a six-month high of 910,505 units in December 2024, recovering from a 1.9 percent decline in November.On the MidCap, ahead comes PharmaNutra, which moves up 1.7% after two bearish sessions. Banca Generali, meanwhile, steps up 1.2% to EUR48.84, updating a new high in the 52-week time frame. ERG -- down 0.5 percent -- reported Monday the purchase of 159,922 of its own ordinary shares at a weighted average price of EUR19.5518, for a total consideration of EUR3.1 million. The transactions were carried out between January 13 and 17. Tinexta, on the other hand, gives up 1.2 percent, positioning itself at the bottom of the list heading for the third session to close on the bearish side. Sesa, on the other hand, is marking minus 1.1 percent, breaking an eight-session bearish trend.Newlat Food - flat at EUR11.92 - on Monday approved the issuance of a senior unrated bond for an initial amount of EUR300 million, with the option to increase to a maximum of EUR400 million. The bond, with a term of six years from today's date, has a fixed interest rate of not less than 4.25 percent gross per annum. The bonds will be issued at 100 percent par value and listed on the Borsa Italiana's Bond Market and Euronext Dublin.On the SmallCap, PLC advances 4.3%, rebounding after six bearish candle sessions. Datalogic, on the other hand, marks a plus 4.0%, on its third session with a positive balance. Aedes -- still not trading with last price at EUR0.15 -- announced Monday that its board of directors approved a major transaction with related party Istituto Ligure Mobiliare Spa, which holds 30 percent of the company, aimed at a real estate acquisition. The transaction, involving subsidiary Lavip Srl and controlling shareholder ILM, involves a co-investment to increase Lavip's equity and acquire an executive property in Genoa, Campi location.Olidata, on the other hand, is stepping back 5.6 percent, bringing its price to the lowest in the 52-week range at EUR0.2675.Among SMEs, Compagnia dei Caraibi is stepping back nearly 11 percent to EUR0.32, a new year-to-date low. Askoll Eva, on the other hand, is giving up 3.2% with price in the EUR0.1060 area.Soges--still not trading with last price at EUR2.24--reported Monday that its board of directors approved the terms and conditions of a capital increase under option for up to EUR2.87 million, including share premium. Up to 1.3 million new ordinary shares will be issued at a unit price of EUR2.25, with an option ratio of 1 new share for every 4 held.Among the bearish does best of all Cofle, which scores a plus 2.3 percent after a long bearish streak. In New York, the U.S. stock exchanges remained closed on Martin Luther King Day.In Asia, the Hang Seng is marking a green of 0.9 percent, the Shanghai Composite is marking a red of 0.1 percent, and the Nikkei is marking minus 0.3 percent. Among currencies, the euro changes hands at USD1.0381 versus USD1.0399 in Monday's European equities close. In contrast, the pound is worth USD1.225 from USD1.2300 on Monday evening.Among commodities, Brent crude is worth USD79.81 per barrel from USD79.76 per barrel at Monday's European stock close. Gold trades at USD2,727.78 an ounce from USD2,722.40 an ounce last night.On Tuesday's economic calendar, in Germany and the Eurozone, the ZEW index for economic conditions will be due at 1100 CET. Overseas, at 1430 CET, the inflation figure is released in Canada. Among the companies listed in Piazza Affari, no particular announcements are expected.By Maurizio Carta, Alliance News reporterComments and questions to [email protected] 2025 Alliance News IS Italian Service Ltd. All rights reserved.