FTSE MIB Extends Gains

2026-02-23 08:57 By Kyrie Dichosa 1 min. read

Italy’s FTSE MIB rose 0.6% to around 46,700 in early trading on Monday, moving toward record levels and outperforming its European peers.

The index was led higher by utility stock Enel, which climbed more than 5% following reports that it has outlined a €53 billion investment plan for 2026–28 aimed at accelerating growth across grids, renewables, and customer operations.

Heavy financials were also mostly in the green, including Unicredit (+0.6%), Banco BPM (+1.1%), Bper Banca (+0.8%), and Banca Mediolanum (+0.8%).

Meanwhile, investors assessed renewed uncertainty surrounding US tariffs after President Donald Trump said on Saturday that the temporary tariff rate on US imports from all countries would be raised to 15% from 10%, following the US Supreme Court’s blocking of broader tariff measures a day earlier.

On the data front, the final January CPI reading confirmed that inflation at 1% was the lowest since October 2024.



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