Italian Stocks Close at Over One-Month High

2025-10-01 16:24 By Isabela Couto 1 min. read

The FTSE MIB rose 0.8% to close at 43,079 on Wednesday, the highest in over one month on broad-based gains.

Banks traded higher (Unicredit +0.6%, Intesa Sanpaolo +1.4%), with MPS up 2.9% after reports it is expected to name JPMorgan banker Vittorio Grilli as Mediobanca’s new chair.

The move follows MPS’s recent €16 billion takeover of Mediobanca, which secured 86.3% of its capital and triggered the board’s resignation.

Meanwhile, Goldman Sachs disclosed a 6.65% stake in Mediobanca (+1.6%) through subsidiaries, securities lending, and swap contracts maturing between 2025 and 2035.

In energy, Tenaris gained 4.1% after completing part of its $1.2 billion buyback program.

Stellantis rose 3.5% after expanding its partnership with French AI firm Mistral.

Meanwhile, Rome reported that stronger revenues supported forecasts that its budget deficit will fall within the EU's 3% threshold this year, falling within the target one year before pledged to extend the relative strength of Italian bonds.



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