The FTSE MIB Index Closes 0.95% Higher

The FTSE MIB rose 0.8% to 43,190 on Monday as conciliatory remarks from US President Trump improved the outlook of energy supply from the Persian Gulf. The moderate tone eased Middle East escalation fears, pulling oil prices down and reducing stagflation concerns.The prospective of lower energy inflation helped bond yields fall and supported credit-sensitive sectors. Major banks surged, UniCredit was up 3.3%, Intesa Sanpaolo 3.2%, BPER 3.5%,  and BPM advanced 3.7%. Elsewhere, Ferrari and TIM rose 3.4% and 4.7%, respectively. Poste Italiane (-6.8%) announced a roughly 10.8 billion euro offer to acquire TIM through cash and shares, potentially returning it to state control. Meanwhile, lower oil quotes weighed on energy stocks, Eni fell 4.7%.

The FTSE MIB Index went up by 408 points or 0.95 percent on Monday to close at 43248 points. The rise was led by Telecom Italia (5.05%), Interpump Group (4.00%) and Banco BPM SPA (3.69%). On the downside, the weakerst performers were Diasorin (-12.70%), Poste Italiane (-7.00%) and ERG (-6.13%).

The FTSE MIB reversed steep early losses to trade more than 1% higher around 43,395 on Monday, in line with major European peers. Investors reacted to President Trump’s announcement of a five-day pause on planned strikes against Iran following what he called “very good and productive” discussions with Iranian officials. However, Iranian official dismissed the claim. Nearly all sectors advanced, except oil & gas and healthcare. Telecom Italia led the gains, rising 5.9%, followed by Unicredit (4.1%), Ferrari (3.5%) and Banco BPM (+3.5%). On the opposite side, Poste Italiane plunged 6.8% after announcing the launch of a public tender offer for all of TIM's shares, valued at €10.8 billion, aimed at delisting the company.