The FTSE MIB edged up 0.1% to close at 40,743 this Tuesday, as investors continued to assess the outlook for European trade and growth. The recent trade agreement between the EU and the US helped reduce uncertainty, even if the tariff rate was higher than many anticipated. On the corporate front, Amplifon (+4.2%), Nexi (+2.4%), and Ferrari (+2.3%) led gains. In contrast, Buzzi fell 8.7% after the construction group cut its 2025 guidance, despite a 6.5% rise in like-for-like sales to €2.19 billion in H1. The company noted weaker construction investment in the US, especially in the private sector, though recovery in Central and Eastern Europe offset some of the decline. Still, major data providers revised their forecasts on European earnings higher following a batch of good results across the continent.