(Alliance News) - On Monday, major European stock markets close higher -- except for Piazza Affari -- on the day Donald Trump returned to the White House.

Thus, the FTSE Mib closes in the red by 0.3 percent to 36,143.83, the Mid-Cap loses 0.3 percent to 48,506.37, the Small-Cap gives up 0.1 percent to 28,094.39, and Italy Growth gives up 0.1 percent to 7,849.56.

In Europe, London's FTSE 100 ends in the green by 0.2 percent, Frankfurt's DAX 40 picks up 0.5 percent, while Paris' CAC 40 is up 0.3 percent.

"Donald Trump's second term got off to a volatile start for global markets. The dollar rose after indications that tariffs will not be on the agenda when he takes office, easing some of the wild expectations that have been rife in trading rooms in recent days. Equities were lifted by the news, with Chinese futures getting a significant boost based on hopes that the administration will not choose to go the extra mile with new tariffs in the early days of the new presidency," commented Chris Beauchamp, market analyst at IG.

"But today's headlines certainly put a dent in it: we're back to the trading conditions that prevailed during Trump's first term, namely quick and dramatic reactions to headlines and tweets. Traders have largely gotten out of the habit of responding to such developments, but once again they will need to make sure that presidential social media feeds are always just a click away."

Back in Milan, on the highest-capitalization list in Piazza Affari, Iveco Group, up 2.7 percent, does best of all.

Stellantis also goes up, in the green by 2.4 percent, while UniCredit, up 1.5 percent, closes the podium.

Leonardo rises 0.4 percent. The company let it be known Friday that it, along with BF--down 0.4%--will take part in the Mattei Plan for Africa, with the signing of an agreement that strengthens the existing collaboration between the two companies for agricultural and technological development on the continent.

Among the bearers is Enel, in the red by 2.2%, taking with it other utilities Terna and Hera, in the red by 1.6% and 1.4%.

Assicurazioni Generali gives up 0.3 percent. The company on Friday reported that Generali Investments, a global asset management company part of the Generali Group, and MGG Investment Group, announced the signing of a definitive agreement under which Conning & Company, the wholly owned subsidiary of Generali Investments, will acquire a majority stake in MGG and its affiliates.

Among midcaps, Iren continued its decline in energy with a 0.8 percent drop. The company announced Thursday that it has placed its first hybrid subordinated perpetual bond issue with a nominal value of EUR500 million.

The issue received applications for subscription nearly eight times the amount offered, totaling orders of EUR4 billion. The settlement date is scheduled for January 23.

Acea is also in the red, down 0.9 percent.

On the other side of the list, Sesa does best of all, up 3.7 percent.

On the Small-Cap, doValue rises 1.4 percent after it informed on Monday of the signing of two new mandates in the Hellenic region, through doValue Greece Loan and Credit Claim Management Company, which received a new mandate to manage the entirety of a portfolio of proprietary funds managed by affiliates of Fortress Investment Group and Bain Capital.

The portfolio represents the second of three tranches of the "Alphabet Project" in Greece, a portfolio with a total value of approximately EUR5 billion after the first tranche was awarded.

The Alphabet Secured Retail portfolio, for which doValue has been appointed as the sole and only servicer, includes gross book value of approximately EUR1.4 billion and total credit of about EUR2.8 billion covering about 17,000 borrowers and backed by real estate collateral.

SIT rises 8.4 percent. The company announced Friday that its subsidiary MeteRSit has signed a contract worth more than EUR20 million with a major European energy company.

Among SMEs, Rosetti Marino picks up 2.1 percent after announcing Monday that it had signed a contract with the client Società Padana Energia of Milan, which is headed by its sole shareholder Gas Plus, for the upgrade of the San Potito gas treatment plant of the "Longanesi" field, between the municipalities of Bagnacavallo and Lugo.

The contract - with an initial value of more than EUR50 million to be spread mainly between the years 2025 and 2026 - was awarded to Rosetti Marino at the outcome of the "Open European Tender" announced by Società Padana Energia.

Xenia Hôtellerie Solution - up 17 percent - on Monday announced that it has signed, with a leading customer in the accommodation sector, an extension of the existing contract valid for six months starting in January 2025.

Ulysses Biomed - flat at EUR0.95 per share - on Monday announced that it had signed a new distribution agreement with Montebello Diagnostics.

As the company explained in a note, the agreement provides for the distribution of Ulysses Biomed's proprietary solutions for HPV screening and genotyping, as well as the Hyris System, a proprietary platform consisting of hardware and software for genetic analysis.

In New York, the U.S. stock exchanges remained closed on Martin Luther King Day.

Among currencies, the euro changed hands at USD1.0399 versus USD1.0297 at Friday's European stock close. In contrast, the pound is worth USD1.2300 from USD1.2189 on Friday evening.

Among commodities, Brent crude is worth USD79.76 per barrel from USD77.56 per barrel at Friday's European stock close. Gold trades at USD2,722.40 an ounce from USD2,758.16 an ounce Friday evening.

On Tuesday's economic calendar, at 0600 CET, data on car registrations in the UK, Italy, France and Germany are expected.

At 0800 CET, data on unemployment claims and the unemployment rate are released in the UK.

In Germany and the Eurozone, at 1100 CET, it is the turn of the ZEW index for economic conditions.

Overseas, at 1430 CET, the inflation figure is published in Canada.

Among companies listed in Piazza Affari, no particular announcements are expected.

By Claudia Cavaliere, Alliance News reporter

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