FTSE MIB Hits Two-Week High
2025-12-03 09:09
By
Kyrie Dichosa
1 min. read
The FTSE MIB climbed more than 1% to around 43,900 in early trading on Wednesday, hitting a two-week high and outperforming most of its regional peers.
Most key stocks were in the green, led by auto and technology shares, with notable gains from Stellantis (+8%), Ferrari (+1%), STMicroelectronics (+5%), and Telecom Italia (+1%).
Defence stock Leonardo also rose more than 1% after Russia and the US failed to reach a peace deal for Ukraine following a five-hour Kremlin meeting between Putin and Trump’s envoys.
Financial shares were also under upward pressure, with UniCredit, Mediobanca, and Banca Monte dei Paschi di Siena rising between 1% and 2%.
On the macro front, a fresh PMI survey showed Italy’s private sector expanded at its strongest pace since April 2023, with the services sector reaching its highest growth in over two and a half years.