The FTSE MIB Index Closes 1.95% Higher

The FTSE MIB Index rose 868 points or 1.95 percent on Wednesday to close at 45337 points. Leading the gains are Stellantis N.V. (4.79%), Prysmian (4.21%) and Leonardo SpA (4.14%).

The Italian FTSE MIB steadied around 44,500 on Wednesday, following a three-day decline, with markets remaining focused on developments in the Middle East. Remarks by Donald Trump on protecting oil shipments helped calm concerns about a major energy disruption. Energy and defense stocks stayed in positive territory, with Enel (+1.4%) and Leonardo (+3%) gaining. Luxury automakers also saw gains, including Stellantis (+1.7%) and Ferrari (+1.4%). On the downside, Banca Monte dei Paschi di Siena fell over 5% after reports indicated the bank is expected to announce a shortlist of candidates for its upcoming board of directors. The bank’s acquired company, Mediobanca, also dropped more than 4%. Most financial stocks were in the red, including Intesa Sanpaolo (-1%), Banco BPM (-1.3%), and Bper Banca (-1.2%). On the data front, a fresh PMI survey for February showed that the services sector slowed, but less than expected, while overall private sector growth picked up.

The FTSE MIB Index dropped -1852 points or 4.00 percent on Tuesday to close at 44429 points. Losses were led by Moncler (-6.75%), Hera (-6.15%) and A2A (-6.06%).