Bullish Futures; Spotlight on Trump-Xi Meeting

(Alliance News) – European stock markets are expected to open in positive territory on Monday, tracking the upbeat momentum of global markets. Optimism is mounting that the upcoming meeting between Donald Trump, the recently re-elected 47th President of the United States, and Xi Jinping could yield progress in trade negotiations, following what were described as productive talks over the weekend.

U.S. Treasury Secretary Scott Bessent confirmed that Trump’s threat to impose a 100% tariff has been “taken off the table,” adding that Beijing has agreed to suspend for one year its plan to expand controls on rare earth exports.

In Europe, investor attention will center today on Germany’s Ifo business climate index for October and eurozone credit data for September.

The Mib, after closing up 0.3% at 42,486.67 on Friday evening, is advancing by 217.00 points.

Among the smaller indexes on Friday evening, the Mid-Cap rose 0.4% to 57,799.92, the Small-Cap gained 0.4% to 37,013.55, and Italy Growth climbed 0.1% to 8,700.49 points.

The FTSE 100 is up by 13.00 points, the DAX 40 rises by 94.10 points, while Paris’ CAC 40 advances by 44.50 points.

At Piazza Affari on Friday, Eni continued its positive streak, posting a 1.6% increase to EUR15.836 per share. The company reported an adjusted net profit of EUR1.25 billion in the third quarter, down 2% from the same period in 2024, when it posted EUR1.27 billion. Eni will distribute the second tranche of its dividend in November.

Lottomatica performed well, gaining 2.7%, as did Banca Popolare di Sondrio, which rose 2.1%.

Morningstar DBRS upgraded BPER Banca’s long-term deposits credit rating to ‘A low’ from ‘BBB high’; the stock closed up 2.1%.

The Antitrust authority has launched an inquiry into the reinsurance pool created by Ania and UnipolSai to cover natural disaster damages. Unipol shares gained 0.1%.

The UniCredit-Commerzbank saga adds a new chapter. Former German Finance Minister Christian Lindner has been hired by Teneo, the consultancy advising UniCredit–down 1.7%–in its bid for Commerzbank. The move has stirred concerns in Germany over potential conflicts of interest.

The Canadian government is reviewing whether Stellantis, up 2.3%, breached agreements that secured it over USD105 million in incentives for the conversion of its Windsor and Brampton plants, following the announcement of Jeep Compass production moving to Illinois.

Interpump Group, via its subsidiary Hidrover Ltda, has acquired the entire capital of Tutto Hidraulicos, a company valued at EUR12.00 million. The stock closed up 1.7%.

During the seven months of daylight saving time in 2025, Italy’s electricity system recorded significant energy savings. According to Terna, down 0.3%, electricity consumption dropped by 310 million kWh.

On the Mid-Cap, Fincantieri, down 0.2%, unveiled its first “DEEP” underwater drone system during a demonstration mission.

Salvatore Ferragamo, with buying that pushed the stock up 13%, posted consolidated revenues of EUR221 million in the third quarter, stable at current exchange rates and up 1.7% at constant rates compared to the same period in 2024, supported by a strong performance in direct-to-consumer channels.

Tensions are rising between Juventus’ Exor-led board and the club’s new shareholder, Tether. While the board has accepted the cryptocurrency giant’s proposals for the agenda of the November 7 assembly, it has urged shareholders to vote against them. The stock rose 0.3%.

Safilo Group, down 5.9%, confirmed Friday it has submitted a bid to acquire Eschenbach Group and BoDe from Inspecs. No outcome has been disclosed yet.

Ferretti also saw strong buying, advancing 6.9% to EUR2.96 per share, after reporting a net profit of EUR61 million for the first nine months of 2025, a slight decrease from EUR62.2 million in the same period of 2024.

CIR announced that F.lli De Bendetti Spa sold 110,231 ordinary shares of the company at an average price of around EUR0.65 each, for a total value of approximately EUR71,600. The stock ended the session up 1.3%.

On the Small-Cap, Seri Industrial closed the first nine months with consolidated revenues of EUR205.1 million, up 47% from EUR139.8 million in the same period of 2024.

Customer revenues reached EUR177.1 million, a 41% increase, while other operating income nearly doubled to EUR28 million. The stock fell 1.1%.

EPH extended its positive momentum from the previous session, gaining 4.0% to EUR0.13 per share and building on a roughly 27% rise over the past thirty days.

IGD SIIQ, down 1.4%, announced the appointment of Emanuela Caleffi as the new executive in charge of preparing corporate accounting documents and head of administration, effective November 1.

Piquadro, up 1.7%, reported a slight increase in revenue for the first half ended September 30.

Met.Extra Group was among the worst performers with a 6.7% drop.

Among SMEs, Mare Group–up 4.7%–decided to increase its voluntary public tender offer for Eles’ 2019-2026 warrants–up 6.1%–to EUR0.205 per unit from the previous EUR0.025.

The battle for Eles, a semiconductor company listed on EGM, is heating up. After Mare Group’s hostile takeover bid at EUR2.25 per share, Xenon Private Equity has countered with a EUR2.6 offer, backed by the Zaffarano family, the main shareholders.

Giocamondo Study, up 5.5%, has established Jo Study-US Corp., which will serve as the group’s operational base in New York to develop North American destinations.

Riba Mundo surged 25% to EUR2.88 per share, while Dedem climbed 17% to EUR4.78 per share.

Matica Fintec–no trades recorded–announced the merger by incorporation of its subsidiary Panini. The move aims to consolidate operations under a single legal entity, optimizing operational synergies, financial flows, and management structure.

Magis, which launched an EUR800,000 buyback program, closed up 4.2%.

In New York, the Dow Jones rose 1.1%, the Nasdaq gained 1.2%, and the S&P500 advanced 0.8%.

In Asia, the Nikkei closed up 2.5%, the Hang Seng advanced 1.0%, and the Shanghai Composite gained 1.2%.

On the currency front, the euro is trading at USD1.1623, down from USD1.1631 at Friday’s close, while the pound is at USD1.3317, up from USD1.3302 on Friday evening.

Among commodities, Brent is trading at USD65.87 a barrel, down from USD66.64 at Friday’s close, while gold is valued at USD4,071.26 an ounce, down from USD4,126.47 an ounce on Friday evening.

On Monday’s economic calendar, at 10:00 CEST, eurozone private lending data will be released, while at 11:00 CEST, German business confidence will be assessed.

At 11:00 CEST, eurozone loans and monetary aggregates will be in focus, while from 14:30 CEST, attention will shift to U.S. durable goods and merchandise orders.

At Piazza Affari, nine-month results are expected from Avio, OPS Ecom, SIT, and Sogefi.

By Maurizio Carta, Alliance News Reporter

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